Global private equity and venture capital news and research

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28 June 2011

UK high street woes deepen as Endless’ TJ Hughes calls in administrators

Private equity-backed discount fashion seller TJ Hughes is set to become the latest UK retailer to call in administrators, raising concerns over the country’s economic recovery.

28 June 2011

Lee Equity’s Deb Shops to be taken over by lenders

Deb Shops, a US womenswear chain backed by Lee Equity Partners, the growth-focused investor founded by buy-out veteran Thomas H Lee, is to be taken over by its senior lenders after filing for bankruptcy.

27 June 2011

GSV Capital picks up Facebook stake

Listed investment fund GSV Capital has taken a $6.5m stake in social networking site Facebook in a deal reportedly valuing it at $70bn.

27 June 2011

Trimaran Capital sells Standard Steel to Sumitomo Metals for $340m

New York private equity firm Trimaran Capital Partners has sold Standard Steel, a US manufacturer of steel railroad wheels and axles, to Japanese steel business Sumitomo Metals Industries a subsidiary of Japanese conglomerate Sumitomo Corporation, for $340m.

27 June 2011

Citi Venture Capital International takes stake in Nigeria’s Zenith Bank

Citi Venture Capital International become the lastest private equity firm to invest in Nigeria’s banking sector, taking a stake in Zenith Bank.

27 June 2011

KKR receives Saudi Arabian operating license

US private equity firm KKR has set its sights on opportunities in Saudi Arabia, after receiving a license to operate by the country’s financial regulators.

27 June 2011

Baidu Invests $306m in venture-backed Chinese search engine Qunar

Chinese language internet search provider Baidu has made a $306m investment in venture-backed travel search engine Qunar. The company will be the largest shareholder in the business following the close of the transaction.

27 June 2011

Ethos to sell Holdsport stake through an IPO

South African firm Ethos Private Equity is to offload its stake in sports retail chain operator Holdsport through an IPO.

27 June 2011

H2 Equity Partners picks up rooflight specialists Jet Group, PR Group

Netherlands firm H2 Equity Partners has acquired rooflight and ventilation specialists JET Group and PR Group, to create a pan- European leader in the sector.

27 June 2011

Bridgepoint backs SPP Process Technology MBO

UK private equity firm Bridgepoint has backed the management buy-out of etch, deposition, and thermal processing equipment manufacturer SPP Process Technology Systems (SPTS) from parent company Sumitomo Precision Products.

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