Europe
Evercore buys Neuberger placement group
US boutique investment bank Evercore Partners has announced the acquisition for an undisclosed sum of the Private Funds Placement Group of $173 billion asset manager Neuberger Berman, formerly the asset management arm of Lehman Brothers.
Aureos plans Singapore office, citing tax, costs, regulation
Aureos Advisers, also known as Aureos Capital, the emerging markets-focused private equity investor, is apparently opening a new Asian head office in Singapore, in a move partly driven by high taxes, regulatory burden and heavy costs in the UK.
Kirin sells two subsidiaries to Dutch fund H2
H2 Equity Partners, a Netherlands-headquartered private equity firm, will buy two subsidiaries of Kirin Holdings, the Japanese beverages giant.
Spain reinserts EU AIFM draft restriction
Spain, recently replacing Sweden in the presidency of the European Council, has reinstated the restrictive Article 35 provision in the draft EU Alternative Investment Fund Managers (AIFM) rules, which would restrict non-European managers from marketing...
Adams Street Nicum hire may mean India tilt
Adams Street Partners has hired former Coller Capital principal Pinal Nicum as a Partner with its London-based secondary team.
LMS cites Asia interest
London-listed growth capital and low-to-mid-cap buyout investor LMS Capital has expressed interest in deals in China and India.
Abu Dhabi SWF plans 15% stake in Gatwick
The Abu Dhabi Investment Authority (ADIA), Abu Dhabi's sovereign wealth fund, is reportedly planning to invest £125 million ($198.4 million) for a 15% stake in London's second-biggest airport, Gatwick Airport.
CIC enters Apax's "closed" Europe VII fund
China Investment Corporation (CIC), China's $300 billion sovereign wealth fund, has reportedly invested €685 million ($952 million) in Apax Partners' Apax Europe VII, a €11.2 billion ($15.5 billion) buyout fund that was ostensibly no longer open to...
Citigroup sells Indian MCX commodities stake to Ashmore
Citigroup is reportedly fetching $40 million by selling its 5% stake in the Mumbai-based Multi Commodity Exchange of India Ltd (MCX), India's largest and most diverse commodities exchange, to Ashmore Group, the London-headquartered private equity firm.
Korea’s NPS goes to Gatwick
The National Pension Service, South Korea’s $236 billion SWF, has reportedly announced plans to buy 12% of the UK’s Gatwick Airport from current owner Global Infrastructure Partners, in a secondary transaction estimated at some $155 million.
BTS targets new $150 million Indian clean energy fund
BTS Investment Advisors, a private equity fund jointly headquartered in Zurich and Mumbai, will raise a new $150 million fund focused on the clean energy space.
A wining alternative?
Lunzer on Bordeaux as an asset class
AXA, Mandra Capital invest online apparel in Japan
AXA Private Equity, the $26 billion private equity arm of AXA Group, and Mandra Capital, a Hong Kong-headquartered investment firm, jointly invested $13 million in Glamour Sales, a members-only French online apparel retail store in Japan.
3i plans new growth fund
London-headquartered investor 3i Group is reportedly planning a £1 billion ($1.6 billion) growth capital fund, seeking chiefly minority positions, though with the option to take control stakes.
IIP hires Cornell for India
India Investment Partners (IIP), an India-focused fund manager, has invited David Cornell, who formerly worked with asset management firm Henderson New Star, to join its team in London.
That was the year that wasn’t?
Looking back on 2009
MGPA buys Clerical Medical portfolio
Macquarie-backed private equity real estate investment advisory firm MGPA has paid £52.5 ($85 million) to buy Lands Improvement Holdings plc (LIH) in the UK, from Clerical Medial Investment Group, part of the Lloyds Banking Group.
ILPA principles are emerging winners
Development financiers back guidelines
Asian SWFs get real
Real estate commitments on the up