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Global funds services and solutions provider Ocorian has appointed Peter Corry as head of global funds, Luxembourg. Corry joins from IQ-EQ where he spent the last three years as Country Delivery Director for the firm’s Luxembourg operations.
As assets under management (AUM) grow, talent management has become a greater concern for private equity firms of all size – but different priorities are emerging.
The Carlyle Group is to acquire Japanese lighting solutions provider Iwasaki Electric through a tender offer valuing the business at JPY34.9 billion ($266 million), according to a report by Deal Street Asia.
Blackstone Inc is looking to sell a significant minority stake in IBS Software after the company’s plans for a stock market listing fell flat, and has entered into negotiations with several private equity funds over a potential deal, according to a report by Mint.
Unnamed Mint sources say the private equity major has hired investment bank JP Morgan to sell at least 40% of its total 44% holding in the travel and hospitality software provider for about $1 billion, although negotiations are reportedly at an early stage and there is no guarantee a deal will be agreed.
Blackstone acquired its
The reinsurance group of Brookfield Asset Management is to acquire Argo Group International, a provider of casualty insurance for the manufacturing and services sectors in the United States, in a take-private deal worth $1.1 billion, according to a report by Reuters.
Brookfield Reinsurance said on Wednesday that Argo shareholders will receive a $30 per share cash payment, representing a premium of about 7% to the stock’s last close, with the merger due to complete in the second half of 2023.
In May last year, Brookfield Reinsurance completed another insurance company take-private deal, acquiring American National Group Inc for $5.1 billion.
New private equity investment firm Bluestone Equity Partners has closed its inaugural fund, Bluestone Capital I, a $300 million growth equity investment vehicle focussed on the global sports, media & entertainment industry.
AE Industrial Partners is to sell Enercon Services, a multi-disciplinary engineering and environmental services firm, to funds managed by Oaktree Capital Management.
Sullivan Street Partners, a London based buyout firm focused on deals in the UK lower mid-market, has appointed Zeina Bain as managing partner, alongside co-founders Layton Tamberlin and Richard Sanders.
Bain has over 20 years experience in the private equity industry and joins Sullivan Street from Intermediate Capital Group where she was managing director for three years leading structured partnership investments across the UK, Benelux, and the Nordics.
Prior to this, Bain was a managing director in Carlyle Group’s European buyout team, where she spent 18 years, executing a large number of deals across a wide range of sectors including
A state of confusion around ESG reporting requirements currently hangs over most private equity mid-market managers, posing a major challenge as these assets grow in size and number.
Goldman Sachs Asset Management has held the final close of West Street Global Growth Partners, a new fund which will invest in early-stage companies that are typically small in size, at $5.2 billion, making it one of the largest ever first-time growth equity funds.
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