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Global Private Equity III Joins $1 Billion Club.

22 years ago

Advent International, which set an initial target of $625 million for its most recent international vehicle, Global Private Equity III (GPE III), is closing the fund on $1 billion (ecu 898 million). Director Will Schmidt said the $950 million cap set at the first closing was revised upwards “to accommodate additional interest from three or […]

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Electra Links with Pactual for $400 Million Brazil Fund

22 years ago

Electra Fleming, which over the last two years has made a concentrated effort to expand its investment business into the major Continental markets, is now looking further afield in its bid for greater geographical diversification. The latest market to catch the group’s attention is Brazil, the world’s eighth largest economy, where it has joined forces […]

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Murray Johnstone Forms Three-Way Asian Partnership

22 years ago

As most of its peers look towards Continental Europe, Murray Johnstone Private Equity (MJPE) has opted instead to take the less trodden path into Asian markets. Murray Johnstone, which already has a well-established group office in Singapore has joined forces with GK Goh Holdings, one of the largest stockbrokers in South East Asia, and BancBoston […]

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CDC South Asia Fund Is On Course for $200 Million

22 years ago

The Commonwealth Development Corporation (CDC), under its Commonwealth Private Investment Initiative (CPII) programme, has launched a fund which is aiming to raise $200 million for investment in South Asia. At its first closing in late Autumn, the South Asia Regional Fund, the third vehicle established under the CPII umbrella, had raised $119.5 million (ecu 107 […]

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AT&T Team Move To JP Morgan

22 years ago

The prospect of mass defections by experienced in-house teams who are lured by more attractive remuneration packages in the third-party fund management sectors, is a nagging worry for dedicated pension fund managers that have built up substantial private equity interests. Not so for AT&T Investment Management Corporation. Although its private equity management team has moved […]

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Kardan Seeks $75 Million for Tech Fund

22 years ago

Kardan Technologies is seeking $75 million (ecu 67 million) for its Kardan Technology Ventures fund, which will invest in Israeli telecommunications and data communications companies. AT&T Investment Management has committed $15 million to the vehicle, its first direct investment in an Israeli private equity fund. KTV hit a $40 million first close in September and […]

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Realising the Potential of Mergers & Acquisitions

22 years ago

The end of the century is witnessing a radical redrawing of the corporate map. Mergers, acquisitions, joint ventures, divestment, restructuring, outsourcing, virtual businesses and electronic businesses are the engines driving this transformation. Because of the sums of money involved, acquisitions and mergers have come under close scrutiny. Many commentators put a negative spin on their […]

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Vsgele Buy Sets Record for Schroder

22 years ago

The CHFr 1.25 billion (ecu 782 million) acquisition of Vsgele Group, announced in late November, is the largest deal ever completed by Schroder Ventures. The family-owned Swiss clothing retailer has 360 shops in Switzerland, Austria and Germany, with annual sales of CHFr 950 million. A household name in Switzerland, Vsgele has sold non-fashion, value-for-money family […]

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LGV Agrees o515 Million Unipoly Acquisition

22 years ago

Legal & General Ventures (LGV) is backing the management team of BTR’s Polymer Products Group in a GBP515 million (ecu 764 million) MBO. A total GBP620 million funding package of has been raised for the deal, LGV’s largest lead to date by a substantial margin. Unipoly SA, a Luxembourg-based holding company, is acquiring the BTR […]

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BC Partners Leads Syndicate in FFr 570 Million Bercy Deal

22 years ago

BC Partners in November led an investor syndicate which provided a FFr 570 million (ecu 86 million) capital increase for Bercy Management, France’s Number One concession and contract catering group. BC Partners funds acquired a 20% holding in Bercy Management; Union d’Etudes et d’Investissement, an existing investor in Bercy Management, took its stake to 16%; […]

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Apax Backs Evans In Virgin Radio Coup

22 years ago

The December sale of Richard Branson’s Virgin Radio to DJ and television presenter Chris Evans must surely rank as one of the highest-profile UK private equity transactions of the year. The deal, led by Apax Partners & Co and valued at GBP85 million (ecu 126 million) debt free, succeeded in the face of a higher […]

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