European investment major Eurazeo is set for a 2.8x return selling its stake in powersports, RV and truck online advertising and marketing specialist Trader Interactive in a deal valuing the business at more than $1.6bn.
Ares Management has agreed to sell 75-year-old British paint and wallpaper brand Farrow and Ball to Hempel Group in a trade deal after a seven-year-hold. The firm acquired the company in 2014 from European Capital, an affiliate of American Capital.
TPG's Jon Winkelried has been named sole CEO of the firm amid firm co-founder and co-CEO Jim Coulter stepping back into an executive chairman role.
AltAssets has been serving the global private equity industry for over a decade and has become established as a trusted source of independent news and views on the industry by thousands of professionals worldwide.