Cleary Gottlieb represented TPG in the sale of its majority shareholding in Mey İçki Sanayi ve Ticaret AŞ, Turkey’s leading spirits manufacturer, to the drinks group Diageo.   Diageo has agreed to acquire Mey İçki from TPG and Actera, a private equity group focussed on investments in Turkey, for approximately

As 5 April approaches, some UK higher-rate taxpayers will be considering the benefits of investing in VCTs. With this in mind, the Association of Investment Companies (AIC) has surveyed VCT managers to hear their views on the prospects for the sector in 2011, covering fundraising, the role of VCTs, tax

UK mid-market private equity firm Phoenix Equity Partners has invested GBO18 million to fund the management buyout of the engineering consulting business of ERA Technology (ERA) from Cobham plc (Cobham). ERA is a specialist engineering consulting business focused on industrial markets, with a unique set of technical skills and expertise,

LightSquared, the USA’s first wholesale-only integrated wireless broadband and satellite network, has closed on USD586 million of debt, led by UBS AG and JP Morgan.  LightSquared will use the proceeds of the financing for general corporate purposes, which include constructing its world-class, 4G-LTE-wholesale network. Over the last seven months, LightSquared has

GTCR has announced the final closing of its tenth buyout fund, with more than USD3.25 billion of equity capital commitments. The fund, which had a target of USD3 billion, was oversubscribed, resulting in fundraising activity culminating just seven months after the fund’s initial launch. “We are extremely pleased with the

Black Pearl Capital’s private equity fund, Black Pearl Capital Partners (BPCP), has invested in Summit Equities LLC, a US based real-estate investment company that specialises in purchasing non-performing debt instruments and commercial real-estate properties. "We’ve had great success in the UK by turning around depressed real-estate properties and we wanted

Bertram Capital has launched a new platform in the location based services industry through a partnership with the executive teams at ProconGPS, Inc and Trackn Inc (Enfotrace). Procon and Enfotrace are two of the leading providers of risk mitigation products, most notably GPS tracking solutions and payment protection systems, to

Private equity firms Silverfleet Capital and August Equity have selected LexisNexis InterAction as the firms’ Client Relationship Management (CRM) solution.  InterAction helps firms to streamline contact and company information stored in disparate knowledge and data sources and provides a truly integrated approach to contact and prospect information management.  Relationships with