(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.
Cinven, a pan-European buyout firm, is in pole position to buy AIM-listed insurer Just Retirement. Rival private equity firms are reported to be Cinven’s main competition with TPG Capital and General Atlantic also bidding. Surrey-based Just Retirement shares were up 5.49% today from yesterday’s close of 45.5p to 48p at 1pm GMT today. Last June, […]
Dubai International Capital has named David Smoot chief executive officer for private equity. He joined the firm last July, after spending 11 years with Morgan Stanley. He succeeds Sylvain Denis, who has resigned. In related news, DIC said that Alan Hyslop, a managing director for private equity, also has stepped down. His duties will be fulfilled by Eric Kump.
Thoma Bravo has increased its stake in Double-Take Software Inc. (Nasdaq: DBTK) from around 6.92% to around 8.22 percent, according to a regulatory filing. The firm now holds around 1.52 million shares, which are currently valued at around $12.6 million. Double-Take is a Southborough, Mass.-based provider of software for reducing downtime of business-critical systems. www.doubletake.com
Fluid Routing Solutions Inc., a Rochester Hills, Mich.-based maker of fluid and fuel handling systems for automobiles, has filed for Chapter 11 bankruptcy protection. The company was formed in 2007, when Sun Capital Partners completed a carveout from Mark IV Industries Inc. Read the Chapter 11 filing here
Jean Tardy-Joube has joined tech-focused merchant bank Qatalyst Group as a partner and head of European investment banking. He previously was head of Merrill Lynch’s European tech group, and will help San Francisco-based Qatalyst open a London office.
NEW YORK (Reuters) – Private equity firm KPS Capital Partners is among the final bidders for Anheuser-Busch InBev’s (INTB.BR) Labatt USA unit, the Wall Street Journal reported on Sunday, citing people familiar with the matter. InBev reached a deal with U.S. anti-trust regulators last year to sell the Labatt USA business and associated licenses in […]
Puget Energy (NYSE: PSD), a regulated utility providing electric and natural gas service to the growing Puget Sound region of western Washington, has been taken private for $30 per share. The total deal was valued at $7.4 billion, including $3.2 billion in equity, $1.6 billion in leveraged financing and $2.6 billion in assumed debt. The […]