(Reuters) – A consortium led by Goldman Sachs Group Inc has agreed to pay about $1.5 billion for a number of ABN AMRO's private equity assets, the Wall Street Journal said Wednesday. On Monday, Belgian-Dutch financial services group Fortis said that together with Britain's Royal Bank of Scotland Group and Spain's Banco Santander, it had […]
SYDNEY (Reuters) – Australian buyout firm CHAMP Private Equity is planning to sell assets worth around A$1 billion ($870 million) as it readies a third fund, the Australian Financial Review said on Wednesday. Citing no source for its information, the business daily said CHAMP will sell malt producer United Malt and fuel transport business International […]
NEW YORK (Reuters) – Most institutional investors expect another failure of a major financial services firm in the coming year and view credit default swaps as a serious threat to market stability, according to a survey by Greenwich Associates. Nearly 60 percent of 146 institutions surveyed in North America and Europe expect another major financial […]
LONDON, Aug 12 (Reuters) – Private equity firm Apax [APAX.UL] is within days of selling a 10 percent stake in itself to sovereign wealth funds from Australia and Singapore and a Japanese investor, the Times reported on Tuesday. The Australia Government Future Fund, the Government of Singapore Investment Corporation (GIC) and an undisclosed Japanese company […]
Recommind Inc., a San Francisco-based provider of an enterprise search and categorization platform, has raised $7.5 million in Series B funding, according to a regulatory filing. Backers include Kennet Capital. www.recommind.com
Frank Feraco has joined Wynnchurch Capital as an industry operating partner. He is the former president of Pentair Inc.'s Tool Group and, before that, man industrial products for Textron Inc. PRESS RELEASE Wynnchurch Capital, a Chicago based middle market private equity fund, is pleased to announce the hiring of industry operating partner, Frank J. Feraco. […]
ZURICH (Reuters) – UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz) will split off its investment banking unit that made it Europe's top casualty of the credit crunch — and scared off wealthy clients — a move that analysts said signals the sale of the beleaguered business. The world's biggest banker to the rich gave in […]
Cinven, a pan-European private equity firm, has reportedly acquired a stake in Indicus Advisors, a debt advisory and management business. According to reports, Cinven has bought a 50% stake in the alternative investment manager, which focuses on European leveraged finance and global structured credit. Indicus Advisors was established by David Reilly and Ujjava Desai […]
2e2, a private equity-owned IT services business, has acquired Netstore, an IT networking group for 32p per share, valuing Netstore at approximately Gbp58.1m (US$112m). 2e2 provides IT infrastructure, maintenance, networking, education and other managed services. The business was established in 2002 by chief executive Terry Burt and chief operating officer Mark McVeigh. The […]
Advans SA SICAR, a Luxembourg-based VC firm that focuses on greenfield microfinance institutions in Africa and Asia, has raised EUR 7 million in capital commitments from CDC Group. PRESS RELEASE CDC Group plc (“CDC”), the UK Government-backed private equity emerging markets fund of funds investor today announces that it has committed EUR 7 million (US$10.5m) […]