Global private equity and venture capital news and research

By Region

24 June 2010

LGT closes secondaries fund on $1.2bn

Swiss alternative asset manager LGT Capital Partners has closed its second global secondaries fund on $1.2bn.

24 June 2010

Providence toys with idea of Hasbro LBO

Providence Equity Partners may be in talks with Hasbro Inc, one of the world’s largest toymakers, over a landmark leveraged buy-out that would trump any other made by a private equity firm so far this year.

24 June 2010

Gulf Capital plans $373m Saudi investment spree

Emirati private equity firm Gulf Capital is readying a SAR1.4bn ($373m) investment spree in Saudi Arabia over the next three years, according to Bloomberg.

23 June 2010

Crane firm Weldex switches private equity sponsors

Dunedin, a UK mid-market private equity house, has acquired Weldex in a deal that values the UK’s largest crawler crane hire company at £100m (€121.6m).

23 June 2010

IGNIA Latin America fund closes on $102m

Mexican private equity firm IGNIA has closed its debut fund, that will target small businesses in Latin America, on $102m. IGNIA Fund I reached the close after seven rounds of fundraising, breaking initial targets of $50m to $75m, with the final round led by JP Morgan and a Corporacion Mexicana de Inversiones de Capitol fund of funds.

23 June 2010

UK’s PE firms weigh options in light of tax hike

The UK’s private equity firms may be weighing up their options after the emergency budget, announced yesterday, which included an instant raise in capital gains tax from 18 to 28 per cent.

23 June 2010

BASF beats out Lubrizol to pick up PE-owned Cognis

The private equity owners of German specialty additives company Cognis have reached a deal to sell the business to BASF, the world’s largest chemical maker.

23 June 2010

HgCapital approaches EIB for commitment to new renewables fund

UK private equity firm HgCapital is in talks with the European Investment Bank over a possible €50m commitment to a new €500m fund it is raising for the renewable energy space.

23 June 2010

Providence takes the lead in Study Group auction

Media and communications-focused private equity firm Providence has taken the lead in the bidding for Study Group, according to reports.

22 June 2010

Dubai International Capital seeks cash injection for Alliance Medical

Dubai International Capital, the investment arm of sovereign wealth fund Dubai Holdings, is in talks with lenders in a bid to secure a urgent cash injection for portfolio company Alliance Medical, to prevent the business breaching its debt covenants, according to reports.

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