North America

The Buoyant Fundraising Market in Europe Continues

The Buoyant Fundraising Market in Europe Continues

The European fundraising market is looking strong and aggressive. Its latest beneficiary has been Star Capital Partners. The private equity group announced this week it has raised €800 million in the upbeat market. But as fundraising has heated up, suitable assets are becoming harder to come by – turning fund’s attention away from the region.   Star Capital breaks the [...]

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Private Equity Fundraising Remains Strong

Private equity is continuing its strong performance in terms of fundraising. The latest data shows that despite deal-making slowing down, fundraising activity is breaking records – the future is set open for big deals.   North American funds making gains   Preqin’s latest research into the first quarter has highlighted strong fundraising efforts, especially by North America-focused funds. These funds [...]

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KKR Raises a Large Americas-Focused Private Equity ...

Private equity firm KKR has raised a $13.9 billion fund. The fund will focus on private equity deals in the US, Canada and Mexico and it is the largest fund to focus on the region. The firm announced the KKR Americas XII Fund on Monday.   The fund’s objectives   KKR is set to invest around $1.4 billion from the [...]

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Bain Looking for £1bn Flotation for UK Brick ...

  Private equity firm Bain is set to help the UK brick company, Ibstock, list on the stock exchange. Ibstock is among the UK’s oldest and largest brick companies and the initial public offering is expected to raise around £1 billion. The IPO comes just less than a year after the company was taken private by the private equity firm. [...]

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Are US IPOs at an Inflection Point?

  The initial public offerings in the US have been reaching great levels in recent years. But newly published research suggests, the market might be about to turn. This could mean private equity firms won’t have as many lucrative exit opportunities during the second half of the year and the start of next year.   Renaissance Capital’s Research   According [...]

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KKR Buys a Minority Stake in a UK Hedge Fund

  UK-based hedge fund, Marshall Wace, announced on Wednesday that the US private equity firm, KKR, has acquired a stake in the hedge fund. The private equity firm has taken a 24.9% stake in the London-based company, with the option to increase its stake in the future.   The Agreement   According to the official statement, the private equity firm [...]

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Petco’s Private Equity Owners Turn to Dual-Track ...

  One of the terms that currently keeps popping up in private equity news is dual-track process. Many private equity firms are looking at initial public offering (IPO) at the same time as talking with potential bidders in order to exit their investments. The latest firms to do so are TPG Capital and Leonard Green & Partners, as they are [...]

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China’s JD Capital Buys Ageas’ Hong Kong Unit

  Chinese asset management company, JD Capital, has agreed to buy Ageas’ Hong Kong insurance unit. The Belgian insurance company announced the deal on Sunday, revealing the deal is worth $1.4 billion. Although China’s stock market has been in turmoil, the latest deal highlights the continued strong appetite for deals by Chinese companies.   The Deal   Ageas released a [...]

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Preqin: Investor Confidence on Alternatives Remains ...

  Preqin published its Alternative Asset Outlook for the second half of 2015 with interesting results. It is clear that investor confidence on alternative assets and their ability to provide strong returns remains strong, but there are some interesting differences when it comes to different asset classes.   Private equity looks to be gaining more interest in the second half [...]

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Abraaj Group’s $1.4bn Funds Shows Strength in ...

  Abraaj Group announced big news at the start of the week, as it closed its latest private equity fund. The North Africa focused fund managed to raise $375 million in investments. Together with its previous sub-Saharan focused fund, closed in April, Abraaj Group is set to invest nearly $1.4 billion more in the continent.   The Newest Fund   [...]

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Gender Dilemma: Using Perks to Get More Women to ...

  This September is the 20th anniversary of a speech made by former US Secretary of State, Hilary Clinton. In the speech, Clinton made the famous remark, “Women’s rights are human rights”. Since the speech, focus on gender equality has increased, especially in the workplace. Yet, some industries, like private equity, continue to have problems in attracting women.   Private [...]

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Carlyle Strikes a Deal to Buy Veritas for $8 Billion

  Private equity firm Carlyle Group is known for striking mega deals. It is set to make more headlines this year, as it announced on Tuesday a mega deal to buy Veritas, the data-storage company, for $8 billion. The deal is set to be the largest leveraged buyout of 2015 in the US.   The Deal   The private equity [...]

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Bridgepoint Looking to Boost Pret-a-Manger’s ...

  The British sandwich and coffee chain, Pret-a-Manger might be looking to list next year. The private equity owners of the chain are hoping to improve the company’s fortunes before listing and are even considering a US-listing, according to latest reports.   The Listing Rumours   Pret-a-Manger or Pret, as the company is nicknamed, is considering a 2016 initial public [...]

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Private Equity Firm Odyssey Buys A Brokerage Firm

  The insurance sector has seen a number of big deals this year. Wednesday saw the announcement of yet another deal, as the US-based private equity firm Odyssey Investment Partners announced it has acquired Integro.   The Deal   Like with many private equity deals this year, the financial details of the deal remain unknown. But as the company is [...]

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Private Equity Firm EQT Closes Its Biggest Fund to ...

  Private equity firm EQT highlighted the increasing investor interest towards European funds, as it closed its seventh fund at record high. EQT managed to raise €6.75 billion with the new fund, which will focus on investing in Northern European businesses with a strong industrial approach.   The Fund   The fund is the Swedish firm’s seventh fund and the [...]