Europe
HSBC private equity units could spin out
HSBC could be on the verge of spinning off its private equity units, including HSBC Private Equity Asia and HSBC Asian Ventures, through a series of MBOs, following growing regulatory and financial industry pressure for major banks to shed such capabilities.
GIC emerges as final bidder for Grosvenor luxury hotel
Government of Singapore Investment Corp. (GIC) has emerged as one of the final contenders vying to acquire the Grosvenor House Hotel, owned by the Royal Bank of Scotland Group PLC.
CVC, Oak Hil, Cinven back aircraft leasing company
Avolon, an Irish aircraft leasing company with substantial Greater China operations, received a $750 million equity capital commitment from a consortium including Cinven, CVC Capital Partners and US-based Oak Hill Capital Partners.
PEP bids against Hands for UK's Biffa
An investee of Australian buyout firm Pacific Equity Partners (PEP) is reportedly bidding against a rival backed by Guy Hands' Terra Firma Partners to acquire the landfill gas unit of UK waste management and waste power company Biffa.
Strong 3i results see higher prices but team growth in Asia
Speaking on much-improved full-year results from 3i Group plc, Michael Queen, 3i CEO, said that Asia had been a not so significant short-term contributor to the company's improved performance due to high entry prices, but that 3i has firm medium-term...
Mount Kellett appoints MacNamara for real estate
Mount Kellett Capital Management, the multi-strategy firm formed by former Goldman Sachs special situations star Mark McGoldrick and named after a mountain in Hong Kong, has engaged James MacNamara as an MD in London to invest in European real estate.
Partners Group fund raised $680 million, over target
Partners Group, the Switzerland-based private markets investment manager, has closed its latest Partners Group Global Value 2008 fund at EUR537 million ($680 million), exceeding its target of EUR500 million ($634 million).
Choi steps down at VinaCapital fund
Dr. Jonathan Choi, a non-executive director at the London AIM-listed VinaCapital Vietnam Opportunity Fund, has resigned from his position.
Candover may go to Canada LP Aimco
Troubled UK listed buyout group Candover Investments has confirmed that it has received approaches for a takeover of its business from $70 billion Canadian pension fund Alberta Investment Management Corp. (Aimco).
AXA, Sumitomo plan joint Japan real estate fund
AXA Real Estate Investment Managers Japan is planning a joint fund with Sumitomo Trust and Banking to invest in Japanese real estate.
Bain moving Sarkis to Asia
Bain Capital is relocating Walid Sarkis, a Managing Director and one of the founders of its European operations, from London to Hong Kong, where he will help drive the firm's regional operation.
HarbourVest recruits Lund for EMEA marketing
HarbourVest Partners has enhanced its initiative to develop new LP clients in MENA and Europe with the hire of Simon Lund as Head of Sales and Marketing for Europe, the Middle East and Africa.
Navis's Bangkok Ranch ducks out with UK deal
Navis Capital has injected $50 million into Thai investee Bangkok Ranch Co. Ltd., according to AVCJ sources, as part of the latter's c.$100 million 100% acquisition of UK duck business Cherry Valley Farms, Ltd.
Investindustrial brings Euro mid-market to Shanghai
China play to see growth as other markets slow
Kump leaves DIC for Carlyle
Eric Kump, former MD and head of the European buyout team at Dubai International Capital (DIC), has now joined the Carlyle Group as an MD with its Carlyle Europe Partners European LBO team.
Siebert goes native with Macquarie
Mike Siebert, hitherto an associate at Partners Group, has been recruited as a portfolio manager for the private equity arm of Macquarie Funds Group, to build the group's European capabilities.
3i debuts new growth fund
3i Group has launched its new growth capital fund at GBP1.1 billion ($1.6 billion) of assets under management, with $533 million provided by third-party investors - the first time 3i has funded a growth vehicle externally rather than exclusively from...
Sequoia and ABC support Guangzhou Broad Vision
Investment firms including Sequoia Capital and Swiss fund of funds ABC Capital, as well as domestic investors, participated in the second round of financing for mobile telecoms services play Guangzhou Broad Vision Telecom Sci & Tech Co.
Carlyle sells stake in Japan's Kito to Finland
The Carlyle Group is reportedly to sell a 22% stake in its Japanese portfolio company Kito Co., a crane maker, to Finland's leading crane manufacturer Konecranes, in a deal estimated over JPY3 billion ($32.6 million).
UK's PSource plans China infrastructure fund
PSource Capital, a London-based alternative fund management and consulting firm, plans to form a China-focused infrastructure fund with seed capital of several hundred million dollars, committed by an unidentified Chinese investor.
RHJ completes U-Shin exit
RHJ International, the Belgium-based holding company operated by US buyout firm Ripplewood Holdings, has reportedly completed its exit from Japanese electrical auto parts player U-Shin.
EU still not agreed on alternatives funds
European Union representatives from the 27 member states have reportedly failed to reach a deal in the latest push for consensus on regulation of alternative investment vehicles, including hedge funds and private equity.
Apollo sees off Reliance challenge for LyondellBasell
Apollo Management and other creditors have rejected a bid from India's Reliance Industries for bankrupt Dutch chemicals firm LyondellBassell Industries, which valued the target at $14.5 billion.
MGPA first fund wound up
Macquarie Global Property Advisors (MGPA), the private equity real estate investment group launched by Australia’s Macquarie has wound up its debut $480 million Global Fund I, launched in 1999 targeting Europe and Asia.