Pinova Capital, a Munich-based private equity firm, has held a €50 million first close on its debut fund. Limited partners include Commerzbank and the European Investment Fund.
(Reuters) – Billionaire investor Wilbur Ross and the Carlyle private equity group are considering a joint bid for BankUnited Financial Corp (BKUNA.O), the Financial Times said, citing people familiar with the matter. The two investors were conducting due diligence as Tim Geithner, U.S. Treasury secretary, prepared a financial sector rescue plan that would seek to […]
TOKYO (Reuters) – Japan’s Aozora Bank (8304.T) is expected to report an annual net loss of nearly 200 billion yen ($2.2 billion) and its president may quit as early as Tuesday, the Nikkei business daily said. A source familiar with the matter said the bank is planning to announce a revision to its earnings and […]
Milestone Partners, a buyout firm based in Saint Davids, Penn., has closed on capital commitments totaling $230 million for its third fund. It had a target of $200 million. Press release: Milestone Partners (“Milestone”) announced that it closed on capital commitments of approximately $230 million for its latest fund, Milestone Partners III, L.P. (“Milestone Partners […]
Milestone Partners has closed its third fund with $230 million in capital commitments. It had been targeting $200 million, and already has made four investments. The St. Davids, Penn.-based firm focuses on leveraged buyouts and recaps of lower middle-market companies.
Richard Brail has joined Peter J. Solomon & Co. as a managing director, and head of the firm’s media and communications advisory practice. He previously was with Morgan Stanley.
Sandy Thompson has joined RoundTable Healthcare Partners as a senior transaction advisor. He previously led the global med-tech practice at Morgan Stanley, where he’ll continue on in an advisory role.
(Reuters) – Emerging market private equity hit a capital raising record in 2008 of $66.5 billion but now faces a more tenuous market because of the global economic slowdown, an industry survey said on Monday. The amount raised last year up 12 percent over the $59.1 billion raised in 2007, according to the Emerging Market […]
Quintana Capital Group is raising $650 million for its second fund, according to a regulatory filing. It already has secured over $180 million. The Houston, Texas-based firm makes control-oriented investments across the oil and gas, coal and power industries. www.qeplp.com
Endurance Capital is raising up to $1 billion for its second fund, according to a regulatory filing. The New York-based firm invests in public and private financial institutions, and is run by Edwin H. Yeo.