Latest News
During Q3 2011, 97 private equity funds reached a final close, raising an aggregate USD44.8bn, according to Preqin. While the latest quarterly figures are expected to improve slightly (10-20%) as more information becomes available, fundraising levels are significantly down on those seen in recent quarters.
Some USD82.8bn was raised by 175 funds that closed in Q2 2011. In addition to the 97 funds that reached a final close in the quarter, a further 109 funds held interim closes, securing commitments totalling USD42.7bn towards their
Funds primarily focusing on North America have raised the most capital during Q3 2011, with 37
CI Capital Partners, a North American private investment firm, has acquired Galls, LLC, a USD163 million revenue, full service marketer and distributor of public safety, first responder and private security products, from ARAMARK Corporation. The terms of the transaction were not disclosed.
Founded in 1967, the Lexington, Kentucky based Galls markets and sells uniforms, duty gear, footwear, medical supplies and other products used by law enforcement, fire safety, emergency medical, private security and corrections personnel. The Company has built its reputation by providing customers with the industry’s broadest offering of well-recognised products, fast delivery and a high level of customer
Palamon Capital Partners (Palamon), one of Europe’s leading mid-market private equity firms, has appointed Julian Carreras as a Principal.
Palamon’s pan-European team, which comprises professionals from eight different countries, targets service businesses across Europe with the potential to access significant top-line growth.
This appointment marks the return to Palamon by Carreras, a Spanish national, who was a member of the Firm between 2003 and 2006. Carreras initially joined Palamon from Goldman Sachs and prior to that worked for McKinsey & Co. Between 2006 and 2011, he held positions with Cinven in London and Thesan Capital in his home town of
Guernsey’s commitment to meeting international standards of transparency and exchange of information in tax matters was further underlined last week, with the signing of a Tax Information Exchange Agreement (TIEA) with the Republic of Slovenia.
Iztok Jarc, Ambassador of the Republic of Slovenia, and Lyndon Trott (pictured), Guernsey’s Chief Minister, signed the agreement at a ceremony in the Island’s capital, St Peter Port, on Monday 26th September.
The Chief Minister says: “I was honoured to welcome His Excellency, Iztok Jarc, to Guernsey for the signing of this important agreement. The signing of this TIEA is yet another example of Guernsey’s
AXA Private Equity portfolio company Kallista has acquired Poweo’s operational French wind farms from VERBUND, Austria’s leading electricity company.
This latest investment strengthens Kallista’s position in the French renewable energy market and underlines the continued support of AXA Private Equity for its industrial partner. This acquisition increases the number of wind farms operated by Kallista in France from 19 to 29 and its installed capacity from 194 MW to 296MW, corresponding to the annual electricity household consumption of a city the size of Lyon (240 000 households), making it the leading non-integrated wind energy producer France.
Today’s transaction was completed
Atlante Ventures, a venture capital fund of the Intesa Sanpaolo Group, has finalised an investment of EUR1milion in YOGITECH SpA, part of a capital increase round totalling EUR 1.5 million. The remaining EUR500.000 was subscribed by the current financial shareholder Fondo Toscana Ventures, part of SICI Sgr SpA.
“We are extremely happy and proud to announce the completion of this financing round and we welcome Atlante Ventures," says Silvano Motto, CEO of YOGITECH. “This investment further outlines the credibility of our growth strategy within the market of fault robust embedded systems for safety critical applications. The capital increase will support
LDC, the leading mid-market private equity house, has exited its investment in claims management provider Davies Group through a management-led secondary buyout backed by Electra Partners. The business was sold for a price of GBP60m.
Davies Group is one of the UK’s leading providers of claims management solutions to the general insurance industry, managing over 125,000 claims each year on behalf of a customer base which includes the majority of the UK’s leading insurers.
It provides a range of market-leading, added-value services, including claims management, loss adjusting and fulfilment, encompassing contractor management, disaster recovery and supply chain management.
LDC originally
A number of private equity transactions across Europe have collapsed or been delayed in recent weeks, as the impact of the deepening sovereign debt crisis causes the market to deteriorate. Mark Spinner (pictured), partner at international law firm Eversheds, comments…
The current uncertainty in the Eurozone and volatility in the public markets is certainly making a number of private equity and corporate bidders take a sharp intake of breath. A number of deals we have been working on are now on hold waiting for the Eurozone to sort itself out and for buyer’s stock prices to stabilise. The key word
Actis, the pan-emerging markets private equity fund, has led a consortium in the USD434m, 100% management buy-out of Tracker, South Africa’s largest vehicle tracking company.
The transaction, which was announced today, sees Remgro dispose of its interest in Tracker to Actis while FirstRand restructures its investment to include RMB. The Mineworkers Investment Company (‘MIC’) increases its stake in the business, thereby improving the BEE credentials of the business.
"Everything we do at Tracker is underpinned by the principle that our work can make a real difference to quality of life in South Africa," says Tracker CEO, Alan Hutcheson. "Whether it is
Aureos South East Asia Fund II has completed a USUSD7m deal acquiring a third of HBC Inc, a cosmetics retailer in the Philippines.
Aureos Capital is a private equity fund management company specialising in investing in small and medium sized businesses in emerging markets.
HBC is the Philippines’ largest chain of stores dedicated to selling in-house branded cosmetics and beauty products, with 197 stores in the Philippines, nine local franchise stores and three foreign franchise stores in the USA and Bahrain.
The Philippine cosmetics industry is fast-growing, registering an average growth rate of 7% per year. HBC have
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
