Global private equity and venture capital news and research

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20 August 2010

Energy sector luminary Bernotat to advise Permira

Permira has called on the former CEO of power giant E.ON and energy sector veteran Wulf Bernotat, hiring him as a senior adviser.

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.

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.

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.

18 August 2010

Blackstone has $1bn for India’s energy sector

US private equity firm Blackstone has an appetite to invest up to $1bn in India’s energy sector over the next three to five years, Reuters reports India head Akhil Gupta as saying at a conference.

18 August 2010

EMI’s positive profits not enough to meet LBO debt

EMI, the record label owned by UK private equity firm Terra Firma, reports that operational improvements made by its shareholders have led to a marked improvement in profits over the past year - though not enough for it to meet the large debt burden imposed on it from its landmark LBO in 2007.

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