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Norwegian company Tandberg ends talks with private equity investor
03/10/2008. Oslo-listed video conference systems company Tandberg has ended its talks with a private equity firm because it believes that the price it would achieve in this market environment would be too low.

Enterprise Investors announces €143m public tender offer for Kofola-Hoop
01/10/2008. CEE-focused private equity firm Enterprise Investors, through its Polish Enterprise Fund VI, has offered to acquire all the remaining shares in Polish beverage company Kofola-Hoop for €148m. The offer price represents a 48 per cent premium over the current stock market price.

GIP to acquire AIG's stake in London City Airport
30/09/2008. Global Infrastructure Partners has agreed to acquire AIG-Financial Products' 50 per cent stake in London City Airport. Financial details were not disclosed but it was reported that the deal was worth approximately £250m.

Bain, Hellman acquire Lehman investment management division for $2.15bn
30/09/2008. Bain Capital Partners and Hellman & Friedman have agreed to acquire Neuberger Berman and the fixed income and certain alternative asset management businesses of Lehman Brothers' Investment Management Division in partnership with portfolio managers, the management team and senior professionals. The all-equity transaction with Lehman Brothers Holdings results in a valuation of $2.15bn for the businesses being acquired.

Court forces Apollo, Hexion to complete Huntsman acquisition
30/09/2008. Apollo Management and its portfolio company Hexion Specialty Chemicals have been ordered by the Delaware Court of Chancery to complete their $10.6bn buy-out of chemicals company Huntsman Corporation.

TPG loses $1.35bn as a result of WaMu sale
26/09/2008. An investor group led by TPG Capital has seen one of the largest write-offs in the history of the buy-out industry when the forced sale of Washington Mutual to JPMorgan for $1.9bn got its go-ahead. TPG invested a reported $1.35bn in the company as part of a $7bn PIPE transaction earlier this year.

HgCapital partners with Capvis in €325m acquisition of Koenig Verbindungstechnik
19/09/2008. European private equity investor HgCapital has agreed to join with Swiss private equity firm Capvis in its €325m acquisition of connection systems company Koenig Verbindungstechnik.

HgCapital's Addison Software exit generates 55 per cent IRR, 3.7 times multiple
17/09/2008. European private equity investor HgCapital has sold German software company Addison Software to multimedia company Wolters Kluwer. The sale represents a 55 per cent IRR and a return of 3.7 times. In conjunction with funds already received by the firm's clients, this sale has returned a total of £123m on an original cost of £33m, the firm said.

Onex to acquire 50 per cent of RSI Home Products
15/09/2008. Onex Corporation has agreed to acquire a 50 per cent interest in RSI Home Products, a US manufacturer of cabinetry for the residential marketplace, for US$318m. The remaining 50 per cent of the company will continue to be held by Ronald Simon, its founder and chairman, and other existing shareholders.

KKR, Permira purchase ProSiebenSat.1 debt
12/09/2008. Kohlberg Kravis Roberts & Co. and Permira have reportedly bought about €100m of ProSiebenSat.1's debt at a discount.

Clyde Blowers to acquire four companies from Textron in $1bn deal
11/09/2008. Clyde Blowers, the East Kilbride, UK-based business development and engineering group owned by Scottish entrepreneur Jim McColl, has agreed to acquire an entire business unit from US company Textron in a deal valued at $1bn. Equity for the deal was provided by Clyde Blowers Capital Fund ll, a private equity fund established by Clyde Blowers to provide financing for this deal and for future acquisitions.

Lehman to sell private equity business
11/09/2008. Ailing US investment bank Lehman Brothers has confirmed that it will sell a 55 per cent stake in its investment management unit, including Lehman Brothers Merchant Banking.

DIC acquires KEF stake
10/09/2008. The Emerging Markets division of Dubai International Capital, the international investment arm of Dubai Holding, has acquired a 45 per cent stake in UAE-based KEF Holding, a provider of steel castings for valves and pumps serving the oil and gas, mining, industrial and chemical industries in the Middle East, Asia, Europe, and the US.

Informa rejects reduced offer from Providence, Carlyle, Blackstone
05/09/2008. UK-based media and conference firm Informa has rejected a fully-funded formal offer from a consortium comprising Providence Equity, The Carlyle Group and The Blackstone Group because the board believes that the 'price significantly undervalues Informa'. The offer was for 450 pence per share. It values the company at around £3bn.

Energy Capital Partners sells power generation company FirstLight Power Enterprises for $1.9bn
03/09/2008. US private equity firm Energy Capital Partners has sold power generation company FirstLight Power Enterprises to SUEZ Energy North America. The size of the deal was not disclosed, but was reported to be worth around $1.9bn, including debt.

CBPE backs £129m MBO of Welsh Warwick International from US parent Sequa
01/09/2008. Close Brothers Private Equity has backed the £129m MBO of Mostyn, North Wales-headquartered speciality chemicals group Warwick International from its US parent, Sequa Corporation, which is owned by The Carlyle Group. CBPE has invested £55m in the deal and is acquiring the business alongside the incumbent management team led by CEO Bob Ellis.

UK buy-out firm Lyceum sells Leasedrive Velo in £80m deal
01/09/2008. UK mid-market buy-out firm Lyceum Capital has sold Wokingham, UK-based vehicle management group Leasedrive Velo to LDC, part of the Lloyds TSB Group, and company management in an £80m secondary buy-out transaction. Leasedrive's management team is led by CEO Roger Partridge, commercial director Roddy Graham and CFO David Bird.

Change Capital to sell Jil Sander to Japanese apparel company Onward, GIBO
01/09/2008. European retail and consumer sector-focused mid-market private equity firm Change Capital Partners has agreed to sell Fashion business Jil Sander to Tokyo-listed apparel group Onward Holdings Co. and its European subsidiary GIBO' Co. for an equity value of €167m.

Actis backs Teknicast MBO in Malaysia
01/09/2008. Emerging markets private equity investor Actis has backed the MBO of Teknicast, a Malaysian manufacturer of aluminium die-casting products. Actis has acquired the business from the company's Japanese owner. Company management will invest alongside Actis.

Good Energies sells Romanian Fantanele and Cogealac wind farms for €1.1bn
01/09/2008. Good Energies, an investor in renewable energy, has sold Romanian Fantanele and Cogealac wind farms to Czech CEZ for €1.1bn as a result of forthcoming regulatory changes in Romania.

Gilat terminates merger agreement with Gores-led private equity consortium
01/09/2008. Gilat Satellite Networks, an Israel-headquartered specialist in satellite networking technology, solutions and services, has notified the buyer consortium, including the Gores Group and Mivtach Shamir Holdings, that it was terminating the agreement and plan of merger entered into on 31 March 2008. The deal would have been worth about $475m.

Microfinance firm BlueOrchard receives $75m commitment from pension fund ABP
29/08/2008. Microfinance fund manager BlueOrchard has received a commitment of $75m from Dutch pension fund ABP for its BlueOrchard Private Equity Fund. The fund has assets under management totalling $111m following ABP's commitment. It has a target of $220m, which the firm hopes to reach by the end of 2008.

CD&R to acquire Bodycote's materials testing business for £417m
28/08/2008. New York and London-based Clayton, Dubilier & Rice has agreed to acquire materials testing business Bodycote Testing Group from UK engineering company Bodycote in a transaction valued at approximately £417m.

US private equity firm Leonard Green sells florist chain FTD for $754m
28/08/2008. Los Angeles private equity firm Leonard Green & Partners has completed the sale of florist chain FTD Group to United Online for $754m. The firm announced the sale in April of this year, though for the higher price of $800m.

Kuwaiti investment bank Global acquires Saudi-based retail chain Al Sawani
27/08/2008. The private equity group of Kuwaiti investment bank Global Investment House has acquired a controlling stake in Saudi-based retailer Al Sawani Food and Industrial Supply Company. Financial terms of the deal were not disclosed.

Energy private equity firm First Reserve establishes nuclear fuel supply company Accord
27/08/2008. Energy-focused private equity firm First Reserve Corporation has partnered with nuclear industry veterans Charles Scorer and David Sloan to form integrated nuclear fuel supply company Accord Nuclear Resources. Accord will acquire and integrate businesses that operate in the commercial nuclear power generation sector, with a focus on uranium mining and production and related infrastructure operations and services.

Actis invests in IPO of Tunisian conglomerate Poulina Group
21/08/2008. Emerging markets private equity firm Actis has invested in the flotation of Tunisian conglomerate Poulina Group Holding. PGH is valued at $745m and is the largest capitalisation to date on the Tunis Stock Exchange, according to a statement.

European private equity firm Cinven withdraws Elan offer
21/08/2008. European buy-out house Cinven has reportedly dropped out of the auction to acquire pharmaceutical business Elan Drug Technologies, part of Irish pharmaceutical firm Elan Corporation. Private equity firms Bain Capital and TPG remain in the auction, according to reports.

Vector-owned Corel confirms it is in discussions with third party
21/08/2008. Corel Corporation, an Ottawa, Canada-headquartered developer of graphics, productivity and digital media software, has confirmed that it is 'in discussions with a third party regarding a potential sale of Corel'. Vector Capital Partners owns 69 per cent of the company.

Endless backs £70m buy-out of Crown Paints
20/08/2008. Buy-out and turnaround specialist Endless is backing the MBO of UK paint company Crown Paints from Dutch manufacturing corporation Akzo Nobel. The size of the deal was not disclosed, but was reported to be in the region of £70m.

Permira to sell Jet Aviation to General Dynamics
19/08/2008. UK-based buy-out house Permira has agreed to sell Switzerland-based business aviation service company Jet Aviation to defence contractor General Dynamics for a reported $2.25bn.

Carlyle/Riverstone Global Energy and Power Fund III sells International Logging
19/08/2008. The Carlyle Group and Riverstone Holdings, through their Carlyle/Riverstone Global Energy and Power Fund III, have sold their stake in International Logging, Inc. to oilfield services company Weatherford International. The firms acquired ILI, alongside Boston-based private equity firm Cherington Capital (now Intervale Capital) and company management, in March 2006. Financial terms of the deal were not disclosed.

French firm Sagard to sell warehouse logistics operator CEPL to Arcapita
18/08/2008. French private equity firm Sagard has agreed to sell Compagnie Européenne de Prestations Logistiques, a Béville le Comte, France-headquartered warehouse logistics service provider, to Bahrain-headquartered Arcapita Bank.

Riverside sells German company IndustrieHansa Engineering and Consulting
18/08/2008. The Riverside Company has sold IndustrieHansa Engineering and Consulting, an engineering service and consulting provider to the German automotive and aerospace industries, to Findos Investor, a mid-market private equity firm backed exclusively by German family-owned companies as investors. The size of the deal was not disclosed, but sources close to the deal confirmed that it was somewhere between €50m and €100m.

Norwegian company Tandberg confirms approach by private equity firm
15/08/2008. Oslo-listed video conference systems company Tandberg has confirmed that it had been approached by a private equity firm. It is not known which private equity firm has made the approach but media speculation suggests that it could be Silver Lake.

Carlyle to sell steel tube business JMC for $3.53bn
13/08/2008. A shareholder group including The Carlyle Group and the Zekelman family has agreed to sell US steel pipe and tube manufacturer John Maneely Company to Russian steel producer Novolipetsk Steel, for $3.53bn.

RBS reportedly selling debt to PE consortium and ABN AMRO assets to GS
13/08/2008. A private equity consortium reportedly comprising Apollo, TPG Capital and GSO Capital, plans to buy leveraged loans from the Royal Bank of Scotland. The transaction could be worth up to $8bn.

Advent to sell Polish rail company Axtone to IK
11/08/2008. Mid-market private equity firm Advent International has agreed to sell Kanczuga, Poland-headquartered rail freight buffer manufacturer Axtone to IK Investment Partners. The size of the deal was not disclosed but is believed to be around €100m, according to Dow Jones Financial News/Private Equity News.

Cinven acquires 50 per cent of leveraged finance business Indicus
11/08/2008. European private equity firm Cinven has acquired a 50 per cent stake in Indicus Advisors, an alternative investment manager focusing on European leveraged finance and global structured credit. The other 50 per cent of the firm will continue to be held by its senior management.

Polish private equity firm Enterprise Investors acquires bathroom retailer Wema
08/08/2008. Warsaw-based private equity firm Enterprise Investors has acquired a 60 per cent stake in Polish bathroom retailer and wholesaler Wema for €46m. The firm made the investment from its €658m Polish Enterprise Fund VI, which closed in September 2006.

Allianz Capital Partners to sell BARTEC to Capvis
06/08/2008. Munich-based Allianz Capital Partners, part of Allianz Group, has agreed to sell a majority stake in German industrial safety technology company BARTEC to Swiss private equity firm Capvis. The size of the deal was not disclosed. Sources familiar with the deal said that the transaction was worth around €300m. Company founders and management will remain minority shareholders following the transaction.

Carlyle to purchase minority stake in Italian Moncler
06/08/2008. US buy-out giant The Carlyle Group has agreed to acquire a 48 per cent stake in Moncler, the holding entity of Moncler Group, an Italian manufacturer of sportswear products. The company is currently owned by Mittel Private Equity (35 per cent), Progressio (22 per cent), ISA (four per cent), Remo Ruffini (38 per cent) and the company's management (one per cent).

Riverstone to acquire Gibson Energy for CAN$1.1bn
06/08/2008. Energy and power-focused private equity firm Riverstone has agreed to acquire Canadian midstream oil and gas company Gibson Energy Holdings from UK-listed energy services group Hunting for CAN$1.1bn (£538m).

Asciano rejects AUS$2.9bn bid from TPG, GIP
05/08/2008. Australian infrastructure company Asciano has rejected a AUS$2.9bn proposal from private equity firms TPG Capital and Global Infrastructure Partners, the infrastructure-focused private equity firm backed by Credit Suisse and General Electric. The offer was for AUS$4.40 per share.

Actis consortium acquires Alstom South Africa for $700m
05/08/2008. Emerging markets private equity investor Actis has formed a consortium to acquire Alstom South Africa, a major electrical engineering, manufacturing, distribution and contracting business, for $700m. Actis's partners in this transaction are Old Mutual Investment Group, company management and existing Black Economic Empowerment partners Kagiso, Tiso and a private investor.

Venture-backed search engine Cuil launches
01/08/2008. US venture capital firms Tugboat Ventures, Greylock Partners and Madrone Capital Partners have backed the launch of search engine Cuil.

Arcapita establishes transportation investment vehicle MRH Holdings
31/07/2008. Bahrain-headquartered investment firm Arcapita Bank has established MRH Holdings, a diversified transportation holding company targeting acquisitions across modes such as truck, rail and marine.

Gores partners with Siemens to invest €350m in joint venture
31/07/2008. US private equity firm The Gores Group is to acquire a 51 per cent stake in Siemens Enterprise Communications (SEN), a subsidiary of electronics company Siemens, who will retain a 41 per cent stake in the joint venture. Financial terms of the deal were not disclosed.

Informa confirms approach from second private equity consortium
30/07/2008. UK-based media and conference firm Informa has confirmed that it has received a preliminary approach from a further third party. Reportedly, the ‘third party’ is a private equity consortium headed by The Blackstone Group and also including US buy-out giant Kohlberg Kravis Roberts & Co, Permira and Dubai World Trade Center, which is owned by sovereign wealth fund Investment Corporation of Dubai.

Actis invests $49m in Egyptian food business Mo'men
30/07/2008. Emerging markets private equity investor Actis has invested $48.5m in Egyptian food business Mo'men Group for Foods. Actis's investment will help the group pursue its planned expansion throughout Northern Africa and the Arabian Gulf region, the firm said in a statement.

Vestar acquires Unilever’s laundry business for $1.45bn
28/07/2008. US private equity firm Vestar Capital Partners has agreed to acquire the laundry business of Unilever in the US, Canada and Puerto Rico, for $1.45bn.

KKR to list on NYSE, first acquiring KPE
28/07/2008. US buy-out giant Kohlberg Kravis Roberts & Co has agreed to acquire all of the assets and assumption of all of the liabilities of KKR Private Equity Investors, the Netherlands-listed private equity investment fund. The transaction will form part of KKR's IPO on the New York Stock Exchange in the fourth quarter of this year.

LDC sells ATP International to Barclays Private Equity
25/07/2008. UK mid-market private equity firm LDC, part of the Lloyds TSB Group, has exited its investment in UK-based corporate travel agent ATP International Group through a £73.5m secondary buy-out backed by another mid-market private equity specialist, Barclays Private Equity.

ArcLight to sell Magnum Coal for $695m
25/07/2008. Energy-focused private equity firm ArcLight Energy Partners has sold US coal producer Magnum Coal Company to Patriot Coal Corporation for $695m.

AXA Private Equity to sell Photonis to Astorg Partners
25/07/2008. AXA Private Equity, the private equity arm of AXA Investment Managers, has agreed to sell technology company Photonis to French private equity firm Astorg Partners. The size of the deal was not disclosed, although it is believed to be between €200m and €300m.

Riverstone, Carlyle to acquire Hudson Products from Sterling Group
25/07/2008. The Riverstone/Carlyle Global Energy and Power Funds have agreed to acquire Hudson Products Corporation from Houston-based private equity firm The Sterling Group. Financial terms of the transaction were not disclosed.

Blackstone to acquire AlliedBarton
25/07/2008. The Blackstone Group has agreed to acquire AlliedBarton Security Services, a US provider of security personnel. Financial terms were not disclosed, but a source close to the deal said that AlliedBarton had revenues of around £1bn.

3i leads equity investment in medical diagnostics company Labco
23/07/2008. 3i has invested €140m of equity for a minority stake in European medical diagnostics network Labco. The firm invested alongside TCR Capital, Natixis Investment Partners and existing shareholder CIC Finance, who committed an additional €60m, with healthcare professionals and Labco managers investing a further €58m. In addition, Labco has secured €300m in senior debt, with a possible extension of €50m, and €120m in mezzanine financing.

PAI establishes business to focus on minority stakes in listed companies
23/07/2008. European private equity firm PAI partners has established independent investment firm Akkadia, with Philippe Guez. The new firm will manage and advise funds dedicated to the acquisition of minority stakes in listed mid-cap companies.

Hellman & Friedman to acquire SSP Holdings for £198m
23/07/2008. San Francisco-based private equity firm Hellman & Friedman has agreed to acquire UK-based IT firm SSP Holdings for £198m, including the assumption of existing debt. The investment will be made from the firm's Hellman & Friedman Capital Partner VI fund, which closed on $8.4bn last year.

Phoenix, Sirius invest £100m in LK Bennett
22/07/2008. UK mid-market private equity firm Phoenix Equity Partners and branded goods-focused investment firm Sirius Equity have agreed to invest in English fashion brand LK Bennett. Financial terms were not disclosed, but the size of the investment was believed to be between £80m and £100m, according to a source close to the deal.

CDC commits $185m to India funds
22/07/2008. UK government-backed private equity emerging markets fund of funds investor CDC Group has made new commitments totalling $185m to six private equity funds focused on investment in India. This brings CDC's overall commitment to private equity funds investing in the region to over $1bn.

Segulah makes €171m offer for industrial group Gunnebo
22/07/2008. Nordic mid-market buy-out firm Segulah has made an offer to acquire industrial group Gunnebo Industrier for SEK185 (€19.5) per share, in a deal that values the company at SEK1.62bn (€171m).

CapVest sells FoodVest to Lion Capital for £1bn
22/07/2008. UK-based mid-market buy-out firm CapVest has agreed to sell frozen food manufacturer The FoodVest Group to European private equity firm Lion Capital. Financial terms were not disclosed, but the size of the transaction is believed to be approximately £1bn, according to sources familiar with the deal.

ECP, Actis exit investment in Nigerian telecom company Starcomms
22/07/2008. Africa-focused private equity firm Emerging Capital Partners and emerging markets investor Actis have exited their investment in Nigerian mobile telecommunications operator Starcomms through a NGN64.35bn ($547m) private placement of the company's shares, which were then listed on the Nigerian Stock Exchange. The deal yielded a return of 2.9 times ECP's initial investment, with total proceeds of $99.1m, according to the firm.

Advent acquires majority stake in Bradco
22/07/2008. Mid-market buy-out firm Advent International has agreed to buy a majority stake in US roofing company Bradco Supply Corp from the Segal family. Financial details were not disclosed. The investment was made from the firm's $10.4bn Global Private Equity VI fund, which closed earlier this year.

Stirling Square backs €100m MBO of Microtecnica
21/07/2008. Pan-European private equity firm Stirling Square Capital Partners has backed the MBO of Italian aerospace component manufacturer Microtecnica. The size of the deal was not disclosed, although it is believed to be between €100m and €125m, according to sources close to the deal.

The Jordan Company to acquire Harvey Gulf for $500m
21/07/2008. US mid-market private equity firm The Jordan Company has agreed to acquire marine transportation company Harvey Gulf International Marine for $500m.

Capvis acquires KVT for €325m
21/07/2008. Swiss mid-market buy-out firm Capvis has bought connection systems company Koenig Verbindungstechnik from Klöckner & Co, for €325m.

LS Power, GIP propose CAN$7.75bn acquisition of TransAlta
21/07/2008. LS Power Equity Partners and Global Infrastructure Partners have made a non-binding proposal to acquire power generation and wholesale marketing company TransAlta Corporation for CAN$39 per share, in a deal worth an approximate CAN$7.75bn.

NRDC Equity Partners acquires Hudson's Bay Company, invests $500m in new holding company
18/07/2008. US private equity firm NRDC Equity Partners has acquired Canadian merchandise retailer Hudson's Bay Company, merging the business with portfolio companies Lord & Taylor, Fortunoff and Creative Design Studios in a newly formed holding company called Hudson's Bay Trading Company, into which the firm will invest $500m.

Silverfleet to sell TMF to Doughty Hanson for €750m
17/07/2008. European mid-market private equity firm Silverfleet Capital, formerly known as PPM Capital, has agreed to sell its interest in management and administrative service provider TMF to private equity firm Doughty Hanson, company management and founder shareholders for €750m. The deal will produce a multiple of six times the original investment and result in an IRR of 55 per cent, according to the firm.

PAI, Goldman Sachs acquire Xella for €2bn
17/07/2008. European private equity firm PAI partners and Goldman Sachs Capital Partners, the private equity arm of Goldman Sachs, have acquired German construction materials company Xella International from the Haniel Group. The size of the deal was not disclosed but is believed to be around €2bn, according to a source close to the deal.

Global MENA Financial Assets raises £252m in IPO
16/07/2008. Kuwaiti investment bank Global Investment House has raised £252m for its private equity fund Global MENA Financial Assets in an IPO on the London Stock Exchange.

Private equity consortium to sell UK supermarket chain Somerfield for £1.6bn
16/07/2008. Violet Acquisitions, an acquisition vehicle formed by Apax Partners, Barclays Capital, Kaupthing and the Tchenguiz Family Trust have agreed to sell UK supermarket chain Somerfield to the Co-Operative Group for £1.565bn. The sale generated a return of approximately two times, according to a source close to the deal.

Oak Hill completes $1.1bn acquisition of TV stations from News Corporation
15/07/2008. Oak Hill Capital Partners has completed its acquisition of eight Fox network-affiliated TV stations in the US from News Corporation for approximately $1.1bn.

HitecVision sells three Fund III investments to Cubera Private Equity
15/07/2008. Norwegian private equity firm HitecVision has sold three investments from its HitecVision Private Equity III fund to Cubera Private Equity, a Norwegian secondaries specialist.

Blackstone, Windland to develop North Sea wind farm
15/07/2008. The Blackstone Group has partnered with German wind energy company Windland Energieerzeugungs GmbH to develop North Sea wind farm project Meerwind.

Investor group forms Triton Energy Partners to develop natural gas storage facilities
15/07/2008. Quantum Energy Partners, alongside industry veterans Dr Larry Bickle and Larry Lawyer, has formed Triton Energy Partners, an investment company focused on US gas storage facilities.

GIP, Fortistar to acquire Channelview facility for $500m
11/07/2008. Infrastructure-focused private equity firm Global Infrastructure Partners, together with independent power generation company Fortistar, has agreed to acquire the Channelview co-generation facility in the Houston, Texas area from Reliant Energy for $500m plus certain adjustments. The US Bankruptcy Court for the District of Delaware has now approved the agreement.

Gilde to sell Walter Services to Odewald & Compagnie, capiton for €300m
11/07/2008. Dutch buy-out firm Gilde Buy Out Partners has agreed to sell its majority stake in German customer services company Walter Services to Berlin-based mid-market private equity firms Odewald & Compagnie and capiton. The size of the deal was not disclosed, but sources close to the deal said it was over €300m.

Arcapita to invest in Chinese wind farm project
11/07/2008. Bahrain-headquartered investment firm Arcapita Bank has formed a joint venture partnership with Colossus Holdings, a Singapore-based holding company of Indian Tanti group, to acquire Honiton Energy Holdings, a developer and operator of wind power generation facilities in China. Arcapita and Colossus plan to have invested at least $2bn into Honiton by 2012 to develop a 1,650 MW portfolio of wind farms in the Inner Mongolia region. This is Arcapita's first investment in China.

Intel Capital leads €85m investment in solar panel manufacturer Sulfurcell
10/07/2008. Technology-focused venture capital investor Intel Capital has invested €24m as part of an €85m equity investment round in German solar panel company Sulfurcell. Other investors include Climate Change Capital Private Equity, AIG, Demeter Partners, Zouk Ventures, BankInvest and existing investors.

Bowmark sells Education and Adventure Travel to DLJMB for £100m
09/07/2008. UK mid-market private equity firm Bowmark Capital has exited its investment in UK school travel group Education and Adventure Travel (EAT), through the sale to private equity firm DLJ Merchant Banking Partners for £100m. The sale generated a return of more than four times cost and an IRR of 63 per cent on Bowmark's total outlay of £18m, according to the firm.

Baring Private Equity Asia's new £190m offer for Nord Anglia succeeds
08/07/2008. Baring Private Equity Asia has agreed to acquire education and training provider Nord Anglia in a deal worth approximately £190m. Baring previously had a £180m offer rejected by the company.

Carlyle invests $87m in Sinorgchem
08/07/2008. The Carlyle Group has invested $87m in Chinese rubber antioxidant chemical producer Sinorgchem (Group) Co.

Bain Capital, Blackstone, NBC Universal to acquire The Weather Channel for $3.5bn
07/07/2008. Bain Capital and The Blackstone Group have teamed up with media and entertainment company NBC Universal to acquire The Weather Channel from Landmark Communications. Financial terms have not been disclosed, but have been reported to be around $3.5bn.

BCE deal in final stages
07/07/2008. The BCE deal has come yet another step closer to completion. The consortium, comprised of Teachers' Private Capital, Providence Equity Partners, Madison Dearborn Partners and Merrill Lynch Global Private Equity, has obtained CAN$51bn in financing for the deal.

Stone Point to acquire Fiserv's insurance businesses for $540m
03/07/2008. Greenwich, Connecticut-based Stone Point Capital has agreed to acquire a 51 per cent interest in the insurance businesses of IT services provider Fiserv, Inc. for $540m. Stone Point will make the investment from its Trident IV fund.

Penn National Gaming, PNG Acquisition Company terminate merger agreement
03/07/2008. The $6.1bn buy-out of US casino and racetrack operator Penn National Gaming is the latest victim of the credit crunch. New York-headquartered private equity firms Fortress Investment Group and Centerbridge Partners negotiated the deal shortly before the credit crisis, which also influenced the outlook for the gaming industry overall.

Hicks Acquisition, Blackstone to take Graham Packaging public in $3.2bn deal
02/07/2008. Hicks Acquisition Company I, a Dallas-based special purpose acquisition company founded and headed by Thomas O Hicks, The Blackstone Group and the Graham Group, have agreed to take York, Pennsylvania-based Graham Packaging Holdings public. The transaction is valued at approximately $3.2bn.

Lone Star to acquire CIT's Home Lending business for $5.9bn
02/07/2008. Lone Star Funds, the Dallas-based group of private equity funds, has agreed to acquire the Home Lending business of commercial finance company CIT Group Inc. for $1.5bn in cash and the assumption of $4.4bn of outstanding debt and related liabilities.

IFC InfraVentures makes first investment
01/07/2008. IFC, a member of the World Bank Group, and Reykjavik Energy Invest have agreed to jointly explore and subsequently develop geothermal resources in Djibouti. This is going to be the first investment from the $100m IFC InfraVentures fund, which was established to support the development of infrastructure in the world's poorest countries. The Djibouti project is located in the geothermal area of Lake Assal in Africa.

Candover acquires minority stake in Technogym
30/06/2008. European buy-out firm Candover has agreed to acquire a 40 per cent stake in Italian fitness equipment company Technogym from founder-owners Nerio and Pierluigi Alessandri. Financial terms were not disclosed.

Advent to back French fashion retailer Gérard Darel
30/06/2008. Advent International has agreed to acquire French fashion retailer Gérard Darel and support the company's international expansion.

Permira, News Corporation intend to take NDS Group private
30/06/2008. NDS Group, majority-owned by News Corporation, has confirmed that it has received a proposal from Permira and News Corporation. The privatisation deal would be worth about $3.6bn.

Doughty Hanson to acquire Danish company Svendborg Brakes for €460m
27/06/2008. European private equity firm Doughty Hanson & Co has agreed to acquire 100 per cent of Vejstrup, Denmark-headquartered industrial braking systems supplier Svendborg Brakes from the two founder-owners, Erik Skjaerbaek and Jan Struwe, for €460m.

AIG Highstar Capital II sells interest in power generation company InterGen
25/06/2008. AIG Investments and Highstar Capital, through their AIG Highstar Capital II fund, have agreed to sell their 50 per cent ownership interest in Netherlands-headquartered power generation company InterGen to Indian infrastructure developer GMR Infrastructure. The transaction is valued at $1.1bn.

Phoenix Equity Partners backs £95.6m Ashtead Technology Rentals buy-out
25/06/2008. Phoenix Equity Partners has agreed to acquire Ashtead Technology Rentals, a provider of rental equipment to the offshore oil and gas sector and the environmental monitoring and testing industry, in a £95.6m transaction. The investment in Ashtead Technology Rentals is the eighth investment from Phoenix's £375m fund raised in April 2006.

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