FIRST ROUND 2007-05-01 Staff Writer Just how anyone can question private equity's status as a force for economic good is beyond us. Not only do many successful general partners create jobs in their investment portfolio, but they also boost local businesses around them. Take Apax Partners for example: the Lon
The private equity firm is committing $100m to a joint venture with Williamsburg, Virginia-based hotel REIT MHI.
US buyout firm Kohlberg Kravis Roberts has signed yet another mega-deal, agreeing to pay $29 billion for First Data, a US listed electronic payments business. It has now signed up to over $100 billion of deals in a matter of weeks.
Cerberus Capital Management has agreed to buy Novi, Michigan-based Tower Automotive, which will file for Chapter 11 bankruptcy with the Southern District of New York next month.
KKR’s Euronext-listed vehicle, KKR Private Equity Investors, has invested or committed $4.3 billion in just ten months, the firm said today.
Unitus Equity Fund has decided to set aside 10 percent of its profits to help the world’s poor gain access to microfinance.
The California-based firm’s investment has followed the first close of its first discretionary institutional buyout fund, Fairmont Capital Private Equity LP.
The co-founder of the Carlyle Group, one of the world’s biggest buyout firms, has urged his firm to target less risky investments because lenders are taking “very risky credit decisions” when financing private equity deals.
Specialist credit funds have revolutionised the leveraged loan market. But could this mean trouble for the private equity industry when things start to go wrong? James Taylor reports.
Esprit Capital Partners has sold its stake in fraud software business Neteconomy, as it hits the exit trail ahead of another fundraising round.