Global private equity and venture capital news and research

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3 July 2012

IFC could lend $50m to IDFC PE-backed Green Infra

Green Infra, a Delhi-based developer of renewable energy projects in India backed by IDFC Private Equity, could raise INR2.75bn ($50m) in senior debt from the investment arm of the World Bank.

3 July 2012

Germany’s DBAG holds €451m closing for mid-market buyout fund

German buyout firm Deutsche Beteiligungs has raised €451m in a first closing for its latest mid-market fund, DBAG Fund VI.

3 July 2012

PE billionaire Perelman siphoned $175m from Renco, lawsuit claims

US billionaire Ronald Perelman diverted up to $175m into his private equity firm’s coffers and his own pockets from Renco Group according to a lawsuit filed on Friday.

3 July 2012

Australian regulators probe David Jones bid fiasco

Australian regulators are probing the withdrawn A$1.65bn ($1.7bn) unsolicited takeover approach for upmarket department store chain David Jones by little-known UK and Luxembourg buyout firm EB Private Equity.

3 July 2012

China Yongda relaunches IPO with backing from Baring, Prax

China Yongda Automobiles Services, a car dealership operator based in Shanghai, has relaunched its Hong Kong IPO after shelving plans to list in May after receiving tepid enthusiasm from investors, in a listing that could raise HK$1.67bn ($215m).

3 July 2012

Premafin deals blow to Italian insurer Fondiaria’s private equity admirers

Italian private equity firms Palladio Finanziaria and Sator have received a blow to their bid for insurer Fondiaria-SAI after owner Premafin announced it would press on with a capital increase which favours fellow bidder Unipol.

3 July 2012

Jumptap inks $27.5m from VC heavyweights, Martin Sorrell’s WPP

Mobile advertising company Jumptap has closed a $27.5m financing round from existing investors including General Catalyst Partners, Redpoint Ventures, Summerhill Ventures, Valhalla Partners, and WPP, the global advertising giant spearheaded by Martin Sorrell.

3 July 2012

Needle sews up $10.5m Shasta, Rembrandt-led financing round

needle-thread-sewing Shasta Ventures and Rembrandt Venture Partners have co-led a $10.5m financing round for social shopping facilitator Needle.

3 July 2012

BlackRock to buy Swiss Re Private Equity Partners

zurich_lrg BlackRock, the world’s largest asset manager, has agreed to buy the private equity and infrastructure fund of funds arm of insurance giant Swiss Re in a bid to bolster its presence in the infrastructure space and expand its European and Asian footprint.

3 July 2012

Treedom Investments launches sustainable forestry fund $

oak-tree_lrg Asian private equity firm Treedom Investments has launched a sustainable forestry impact investment vehicle, the Asia Renewable Resources Fund.

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