Pantheon Ventures’ listed fund of funds achieved a rise in net asset value per share during the second half of 2007, which ensured that it outperformed stock market benchmarks.
UBS investment banker Olivier Sarkozy has joined The Carlyle Group’s recently formed financial services team. The team aims to exploit low valuations in the financial services sector, which has been hit by recent worldwide credit market problems.
In spite of the credit crunch, the global mega funds took centre stage in the Private Equity International Awards 2007. Mid-market resilience also found favour with voters in the only truly democratic private equity awards.
Billionaire Wilbur Ross has agreed to provide growth capital to MBIA competitor Assured Guaranty.
Testifying yesterday before the US Senate Finance Committee, Timothy Callahan warned lawmakers not to impose new taxes on private equity real estate fund managers.
MBK bids S$360m for pharmaceutical company * KKR signs second Indian deal * Baring Asia takes stake in medical deal * TPG, Sumitomo go hostile with semiconductor bid * Morgan chosen as top Daewoo bidder * Carlyle spends $136m on senior housing in Japan * Chinese advertising firm in record $83m financing round
2007 brought the buyout of iconic car brand Aston Martin - the first UK leveraged buyout tailored to Shariah principles.
The JS Group, a Pakistan investment firm that recently closed its debut private equity fund, says its prospects are strong despite the country's political difficulties. Rob Kotecki reports.
A South Korean court has found the head of Lone Star's Seoul office guilty of stock manipulation, further delaying the firm's exit from its KEB investment.
Private equity investors investing in infrastructure need to manage their public image carefully.