Total assets under management held by private equity funds worldwide have reached USD3 trillion for the first time, highlighting the sustained growth of the industry despite challenging wider economic conditions, according to research conducted by Preqin for the 2012 Private Equity Performance Monitor. The figure is calculated using unrealised portfolio
CitySprint, a UK same day distribution network, has completed its sixth acquisition since it was backed by Dunedin, the UK mid-market private equity house, in 2010. CitySprint has acquired the same day courier, UK overnight and international operations of Scarlet Couriers. CitySprint is on track to deliver GBP100m of revenues
Maitland, the international wealth and fund services firm, has acquired 100 per cent of Inter-Ocean Management, a corporate services and trust company based in Mauritius. The deal takes effect from 1 July 2012. Over the past five years, Mauritius has transformed itself into a springboard for trade and investment into
AXA Private Equity, the European diversified private equity firm, has signed an agreement with the management team of Fives Group, led by Frédéric Sanchez, to acquire a stake in the company. As part of the same transaction, the management team becomes the majority stakeholder as Fives enters the next phase
United Initiators has acquired Syrgis Performance Initiators (SPI) from Syrgis Performance Products, which is owned by Edgewater Capital Partners. SPI is a manufacturer of customer tailored formulations of ketone peroxides in North America and Europe and benzoyl peroxides in North America. Both products are organic peroxide initiators used in
An affiliate of private equity investment firm HIG Capital has completed the acquisition of substantially all the assets of Arctic Glacier Income Fund. The transaction was effectuated pursuant to the Companies’ Creditors Arrangement Act (Canada) and the US Bankruptcy Code. The new company, Arctic Glacier Holdings, will be based in
Singapore-based asset manager, Milltrust International Group, founded by Simon Hopkins in January 2011, has launched an innovative range of emerging market UCITS funds, ad
Bertram Capital has sold Author Solutions to Pearson, a learning company and parent of Penguin Books. The USD116m all-cash deal marks Bertram Capital’s third portfolio company exit in the last nine months. Since Bertram Capital’s investment in 2007, ASI has grown to be a leading provider of professional self-publishing services.
The Carlyle Group, together with management and employees of Service King Collision Repair Centers, is to acquire majority ownership in the largest independent US chain of auto body repair shops. Founder Eddie Lennox will retain a significant ownership stake in Service King. Chief executive officer Cathy Bonner will become chairman
Mid Europa Partners, a private equity firm focused on Central Europe and Turkey, is to partner with the founders of Walmark by acquiring a 50 per cent stake in the company. The transaction is subject to customary closing conditions and is expected to be completed in Q4 2012. With
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