Global private equity and venture capital news and research

By PE Sector

3 September 2013

Citigroup continues alternative asset arm sell-off with Rohatyn purchase of CVCI

sale5_lrg Global bank Citigroup has reportedly sold its $4.3bn CVCI private equity arm to buyout house Rohatyn as it looks to bring its portfolio into line with new US regulations post-financial crash.

3 September 2013

RDIF, Macquarie-backed consortium applies to build $2.5bn Russian toll road section

toll-booth_sq A consortium of investors including the Russian Direct Investment Fund, Macquarie Russia and CIS Infrastructure Fund has applied to take part in the tender for a new toll road between Moscow and St Petersburg.

3 September 2013

Centerbridge, Anacap in talks to acquire Spain’s EVO Banco

An investor consortium comprising US private equity firm Centerbridge Partners and financial services-focused investor Anacap are amongst bidders in line to acquire Spanish commercial group EVO Banco.

3 September 2013

Madison Dearborn to exit Yankee Candle for $1.75bn

Madison Dearborn-backed candle and air freshener maker Yankee Candle is to be sold to US consumer products company Jarden Corp for $1.75bn

3 September 2013

Mandarin Capital returns 2.2x on sale of pharmaceutical technology company IMA $

Sino-European private equity firm Mandarin Capital Partners has sold its entire stake in pharmaceutical machinery company IMA, yielding the firm a 2.2 times multiple and 27 per cent IRR following its December 2009 investment.

3 September 2013

Anthem Asia invests $1m in Myanmar’s Hintha Business Centers

Myanmar-focused private equity firm Anthem Asia has inked its first deal with its $1m investment in office facility provider Hintha Business Centers.

3 September 2013

Positive cash flows to LPs in 2013 lays foundation for future allocations $

The second quarter of 2013 included a notable number of exits from 2007's large cap deals, helping to boost cash flows back to limited partners and pave the wave for positive future allocation plans.

2 September 2013

CEO trio take over from Hess at Altius Associates

John Hess, the co-founder private equity advisor Altius Associates is to step back as CEO, to be replaced by COO Jenny Fenton, head of investments Brad Young, and head of investor relations Dr Eric Warner, who will all now carry the title of co-CEO

2 September 2013

Qatar to refocus giant sovereign assets on US, Asia to cut extensive European exposure

Qatar pearl Qatar’s $115bn sovereign wealth fund is reportedly planning to diversify its investment portfolio towards the US and Asia to lessen its reliance on European holdings.

2 September 2013

Cinven completes €1.49bn Ceramtec buyout as IR exec heads to Lexington

European private equity firm Cinven has completed its previously announced acquisition of CeramTec, while Anthony Garton, a member of its investor relations team is to leave the firm for secondary specialist Lexington Partners.

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