Private equity firm NewSpring Capital has made an investment to support Raritan’s growing power management business that helps companies improve energy efficiency and operations in their data centres. Funds were provided through NewSpring’s growth equity fund — NewSpring Growth Capital II, LP. Raritan plans to use the investment proceeds to

Large private equity firms don’t preform as well as their smaller peers according to new research by Florencio Lopez-de-Silanes of EDHEC Business School. Lopez-de-Silanes’ report, “Giants at the Gate: On the Cross-Section of Private Equity Investment Returns,” co-authored with Ludovic Phalippou and Oliver Gottschal, examines the determinants of private equity

The Mekong Brahmaputra Clean Development Fund, managed by Dragon Capital Clean Development Ltd, has concluded its initial fund investment in the recent IPO of Electricite du Laos Genera

AXA Private Equity has signed an agreement with Bain Capital to acquire a majority stake in the chemicals group Novacap for an enterprise value of approximately EUR240 million, with the support of Novacap’s existing management team, headed by its CEO Pierre Luzeau. This is the latest in a series of

Hutton Collins has led GBP99 million of subordinated facilities in the refinancing of coffee house chain Caffè Nero. Under the terms of the investment, Hutton Collins has arranged GBP99 million of mezzanine and PIK financing which has been held by Hutton Collins Capital Partners III, Goldman Sachs European Special Situations

Avolon, the aircraft leasing group, has announced a second capital raising of USD650m comprising USD250m of equity and USD400m of debt finance. The company has also agreed terms to acquire 11 new aircraft, under sale and leaseback structures, from four airlines. The USD250m of additional equity has been raised from Avolon’s

Private equity investors’ (LPs) total exposure to funds-of-funds will fall over the next three years, according to Coller Capital’s latest Global Private Equity Barometer. High costs are cited by half of investors planning a reduced funds-of-funds exposure, and disappointing returns are cited by one third (36%). The number of investors

Private Equity firms invested USD7,974 million over 325 deals in India during the 12 months ending December 2010, compared to USD4,068 million across 290 deals during the previous year, according to analysis by Venture Intelligence, a research service focused on Private Equity and M&A activity.   “After a volatile 3