Global private equity and venture capital news and research

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20 August 2010

PE firms allegedly bankrolled luxury trips for CalPERS officials

Joncarlo Mark, a senior portfolio manager for CalPERS, has admitted that private equity firms bankrolled luxury trips for high ranking staff at the pension system, in the latest development in the ongoing CalPERS corruption saga.

19 August 2010

Citi agrees to mediation over EMI

Terra Firma and Citigroup, the bank that invested debt for the UK private equity firm's buy-out of EMI, will go to mediation in New York next month to break the stalemate over the £4.2bn (€5.12bn) 2007 deal, according to the Financial Times.

19 August 2010

Avista, OTPP in $600m INC Research acquisition

Avista Capital Partners and Ontario Teachers’ Pension Plan have agreed to acquire INC Research Inc, a drug developer for pharmaceutical companies, for around $600m, according to Bloomberg.

19 August 2010

BPE in second secondary buy-out of the week

Barclays Private Equity, the in-house mid-market private equity firm of UK bank Barclays, has made its second secondary buy-out of the week by taking a majority stake in UK glass-bottle maker Allied Glass from CBPE Capital for £75m (€91.4m).

19 August 2010

Arsenal backs new mortgage-backed securities broker

New York’s Arsenal Capital Partners has backed the formation of a new institutional fixed-income broker-dealer, KGS-Alpha Capital Markets, set up by two former Citigroup trading executives with $100m in capital.

19 August 2010

Endless conserves world’s oldest conservatory supplier

Private equity firm Endless, known for investing in ailing businesses and turning them around, has stepped in with an equity injection to help Amdega, the world’s oldest conservatory company, with a more than 135-year heritage.

19 August 2010

Temasek appoints two new presidents in overhaul of top brass

Singapore sovereign wealth fund Temasek Holdings, manager of an estimated $119bn portfolio, has made a raft of recent high-profile appointments to hone its capabilities as an investment house.

18 August 2010

Indian anti-virus software firm Quick Heal sees INR600m

Sequoia Capital’s India arm has invested INR600m ($12.9m) in IT security company Quick Heal Technologies to help it develop its products, expand its distribution network and fund future acquisitions.

18 August 2010

CalSTRS creates new dual role

CalSTRS, California’s $134bn public pension fund for teachers, has created a new role that encompasses the duties of a CIO and the more focused duties of a director of an asset class.

18 August 2010

Thin-film battery manufacturer Infinite Power Solutions in $20m Series C

US cleantech company Infinite Power Solutions (IPS) has raised $20m in a Series C round of financing that it will use to expand its manufacturing capacity to keep pace with growing demand.

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