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Firms and Funds
Close Brothers Private Equity has sold BWA Water Additives, a chemicals company based in the UK and the US, to United International Bank, a Bahrain-headquartered investment bank. The sale has generated a return of 3.5x from Close Brothers, which backed an MBO of BWA from Chemtura in May 2006, supporting chairman and CEO Dr David […]
French buyouts firm AXA Private Equity has made a partial exit of Saur Group, a water and waste management provider for local authorities, through an agreement with CUBE Infrastructure, an investment fund belonging to the Natixis Group. AXA is selling a 3% stake for an undisclosed sum. The deal also sees fellow shareholder Caisse des […]
Despite a dearth of debt available for leveraged buyouts, expansion capital abounds, but is still misunderstood by many SMEs. Scott Collins, managing director Summit Partners, makes the case for growth equity.
Alta Growth Capital is targeting $150 million for its debut fund, according to LBO Wire. The Mexico City-based firm plans to focus on mid-market opportunities in Mexico, and was formed by Scott McDonough (formerly vSpring Capital) and Erik Carlberg and Rafael Payro (Baring Latin America). www.agcmexico.com
NEW YORK (Reuters) – Fashionable on Wall Street: Small financial advisory firms. Centerview Partners LLC, which was founded just two years ago, has jumped 20 spots to the No. 10 position worldwide in the closely watched investment bank rankings or “league tables,” according to Thomson Reuters data. It advised on deals with a combined value […]
What we know First of all, there’s Wachovia Capital Partners. It’s located under Wachovia’s “Capital Markets: Principal Investing” division. The firm has invested $3.5 billion in more than 200 mid-market companies, and its partners have been together since 1988. It’s based in Charlotte, N.C., and led by Scott B. Perper, Frederick W. Eubank, II and L. Watts Hamrick, III. According to the firm’s web site, it can do turnarounds, mezzanine, MBOs, LBOs, growth, and recap investments. What’s the status of its funds?
KUALA LUMPUR (Reuters) – Malaysia approved the application of Japan Asia Investment Co., a top Japanese venture capital firm, to set up business in the southeast Asian country as part of a plan to increase private equity funding. The Securities Commission said on Monday Japan Asia was the first foreign venture capital firm to be […]
WASHINGTON/BRUSSELS (Reuters) – A swathe of bank rescue deals took shape around Europe on Monday and fear gripped financial markets before a U.S. lawmaker vote to push through a $700 billion fund to deal with toxic debt. Investors hung on every twist and turn in Washington as central banks in Asia and Europe pumped cash […]
ING is understood to be just two weeks away from sealing a deal with embattled Fortis to buy from it the Dutch banking operations of ABN AMRO. Both ING and Fortis declined to comment on the situation. Last year, Fortis bought €24bn worth of ABN AMRO assets – including its Dutch retail and commercial banking, […]
Lehigh University’s endowment is planning to increase its target allocation to private equity from 6% to 15%, according to Foundation & Endowment Money Management. www.lehigh.edu