Schibsted is selling its shares in Basefarm to private equity fund Reiten Capital Partners VII. The new majority owner, which is acquiring 72 per cent of the shares, has ambitious plans for the internet operations company.   “This is a milestone in the company’s almost ten-year history as a specialist

Origo Sino-India and Origo Resource Partners have acquired a 21 per cent stake in Gobi Coal and Energy for an aggregate amount of USD15m.    OSI has invested USD4.5m for an approximate 6.4 per cent shareholding and ORP has invested USD10.5m for an approximate 14.9 per cent shareholding.  Upon completion

Consulting and investment company Firm Economics has formed CubeLogic, a firm that combines a major offshore development centre in Brazil with a team of risk specialists. Firm Economics is owned by industry veteran David Priestley, founder of Raft International, and Terry Boyland, a former J.P Morgan global business manager. The

Edmond de Rothschild Investment Partners has completed the final closing of its Winch Capital 2 development capital fund for EUR250m. This follows a first closing on 30 June 2009 for EUR175m.   The firm managed to raise EUR250m in less than eight months.   Pierre-Michel Passy (pictured), chairman of Edmond

Heritage Capital, the merchant banking division of family-owned Banque Heritage of Switzerland, has launched its first Latin American office in São Paulo, Brazil. The firm’s objective in the region and in Brazil is to offer merchant banking advisory services to the ever-increasing segment of growth-stage, middle-market companies and mid-sized financial

Citadel Capital, a private equity firm in the Mena region, has acquired a controlling stake in two firms in the solid waste management sector. The Egyptian Company for Solid Waste Recycling (Ecaru) and the Engineering Tasks Group (Entag) are managed as one firm and will be grouped under a single

Butterfield Fulcrum, an independent alternative fund administration company, has partnered with MindTree, a global IT solutions company, to deliver technology solutions for the alternative fund administration industry. Butterfield Fulcrum has deployed technology to provide greater flexibility, transparency and control to its customers who include hedge funds, fund of funds, managed

HarbourVest Global Private Equity, a closed-end investment company listed on Euronext Amsterdam, had an estimated net asset value of USD656.4m, or USD7.91 per share, as at 31 October 2009.  This represents a 0.6 per cent increase from the 31 July 2009 unaudited NAV of USD652.0m, or USD7.86 per share. Between