NEWS & VIEWS

Global private equity and venture capital news and research

By PE Sector

14 December 2012

Lion Capital-backed Findus scrapped £440m of debt in lender equity swap

Lion Capital-backed frozen food maker Findus has reportedly written off about £440m in debt after lenders took equity stakes in the business in place of debt earlier this year.

14 December 2012

KKR to take on Providence for Australian fibre optic network NextGen

US private equity giant KKR has decided to take on rival firm Providence Equity Partners in the auction for Leighton Holdings’ Australian fibre-optic network NextGen, it is understood.

14 December 2012

IFC sells Kanoria Chemicals stake for $4.4m

The International Finance Corporation, the investment arm of the World Bank, has sold more than six million shares in Kanoria Chemicals and Industries for about $4.4m.

14 December 2012

Hony grabs CIMC stake ahead of company’s switch to Hong Kong exchange

containers Chinese private equity firm Hony Capital has picked up a 5.16 per cent stake in state-owned China International Marine Containers.

14 December 2012

WL Ross takes stake in UK bank investment vehicle NBNK

US private equity firm WL Ross & Co has taken a stake in AIM-listed investment group NBNK.

14 December 2012

Siris surges past hard cap to close first independent fund on almost $650m $

Siris Capital has beaten its $600m hard cap for its first buyout fund since spinning out of SAC Capital early last year, AltAssets has learned.

14 December 2012

Flash memory storage company SanDisk launches corporate venture capital unit

Flash memory storage company SanDisk Corporation has launched a new venture capital initiative, SanDisk Ventures, which has already made its first investment in data storage company Whiptail.

14 December 2012

Texas-based Blue Sage closes second fund on $150m hard cap

Austin, Texas-based private investment firm Blue Sage Capital has held a first and final closing of its oversubscribed second fund, Blue Sage Capital II.

13 December 2012

Kayne Anderson Mezzanine Partners invests $20m in North American construction group DIRTT

Kayne Anderson Mezzanine Partners has made a $20m investment in North American interior construction group DIRTT Environmental Solutions. The company also secured a new credit facility and banking relationship with Comerica Bank.

13 December 2012

Slovak state gives EPH go-ahead for gas company stake purchase

Czech private equity firm EPH has been given the green light by the Slovakian Government to buy a 49 per cent stake in the country’s largest gas company Slovensky Plynarensky Priemysel.


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