Private Equity
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New York Life Capital Raising $1 Billion Mezz Fund
Private Equity Hub &bull Feb 19, 2010
New York Life Capital Partners is raising upwards of $1 billion for its third mezzanine fund, according to a regulatory filing. Southridge Investment Group is listed as a placement agent. NYLCP closed its second mezz fund in 2006, with $800… Full Story »
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FDIC: ADC loans sunk Security Bank
Biz Journals &bull Feb 19, 2010
The Federal Deposit Insurance Corp.s postmortem on failed Security Bank Corp. of Macon, Ga., repeats a common refrain for Georgias many failed banks -- overextension on real estate development loans. The six bank subsidiaries of Security Bank were shut down… Full Story »
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Catlyst Capital Leads Rival Canwest bid
Private Equity Hub &bull Feb 19, 2010
OTTAWA (Reuters) - A second bid for Canwest Global Communications (CGS.V) worth C$120 million ($114 million) was announced on Friday from a consortium led by private equity fund Catalyst Capital and backed by Goldman Sachs Group Inc (GS.N). The Catalyst… Full Story »
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CAs helping PE, venture capital companies get midsize deals
Individual.com &bull Feb 19, 2010
Arace to get the first look at investment opportunities before someone else snaps them up is forcing venture capital and midsize private equity (PE) investors to explore alternatives to the investment banking route. Venture capital and PE investors have started… Full Story »
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EBRD to boost investments in the corporate sector
Individual.com &bull Feb 19, 2010
The EBRD is stepping up its support for real economies throughout eastern Europe, bringing together all the Bank's corporate activities under one umbrella with a view to increasing sharply its investments in enterprises. Senior EBRD banker Alain Pilloux has been… Full Story »
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FedCap Partners Holds First Close on Debut Fund
Private Equity Hub &bull Feb 19, 2010
FedCap Partners, a Reston, Va.-based private equity firm focused on the Federal contracting industry, has held a first close on $15.5 million for its debut fund. According to a regulatory filing, the fund target is $30 million. Full Story »
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Sahara to pay Rs1,120 cr to Siva Ventures by Mar
India Private Equity &bull Feb 18, 2010Maverick investor C. Sivasankaran has completed the first leg of yet another profitable exit, with the Sahara group repaying around Rs1,680 crore to Siva Ventures Ltd even as it has to repay an additional Rs1,120 crore by March if it wants to regain complete control over Aamby Valley Ltd, which has built an eponymous luxury township spread over 10,600 acres an hour's drive from Mumbai. Sahara… Full Story »
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Burmans plan Rs 925-crore healthcare fund
India Private Equity &bull Feb 18, 2010The Burman family, the promoters of FMCG major Dabur India, is planning to set up a $200 million (around Rs 925 crore) private equity (PE) fund dedicated to the healthcare and life sciences segment. This is the second major initiative of Burmans in the healthcare space after they sold their entire stake in… Full Story »
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Actis Invests $50 Million In Integreon
India Private Equity &bull Feb 18, 2010Actis, an emerging markets private equity specialist, announced today that it has invested US$50 million (INR 235 crores) to acquire a substantial minority stake in Integreon, the leading global provider of legal support, research and business services to law firms, financial institutions and corporations. As part of this investment, JM Trivedi, Actis's Head of South Asia, and Gautham Radhakrishnan, a Director at Actis, will join Integreon's board of directors. Actis has invested… Full Story »
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QInvest says to buy 25 pct stake in India's Ambit
India Private Equity &bull Feb 18, 2010The deal, the company's first investment in India, will help Ambit expand its investment banking, advisory and private wealth businesses, the statement said. The investment "will dramatically accelerate QInvest's ambitions in India, one of the world's fastest growing economies," QInvest… Full Story »
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Report values Zynga at up to $.3.3B
Biz Journals &bull Feb 18, 2010
Online social game maker Zynga could be worth more than $3.3 billion if it were to go public, according to a report issued by pre-IPO private equity trading firm SharesPost. The report, done in conjunction with NeXt Up Research, predicts… Full Story »
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Air Works Engg buys 85% stake in UK based Air Livery
India Private Equity &bull Feb 18, 2010Air Works Engineering, India`s leading provider of aviation services has acquired 85% stake in Air Livery, UK. With an annual turnover of Rs 1.35 billion, Air Livery is Europe`s leading aircraft refinishing company. The acquisition adds significantly to both the revenue and profitability of Air Works. Air Works has constantly been focusing on adding accreditations and services to make the company a… Full Story »
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PE deals quadruples to $1.24 bn in Jan: Thornton
India Private Equity &bull Feb 18, 2010Private equity deals in India witnessed a strong growth momentum in the very first month of this year and almost quadrupled to $1.24 billion, from its year ago period, says a study. According to global consultancy firm Grant Thornton, the total value… Full Story »
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Warning on Myer pursuit
Individual.com &bull Feb 18, 2010
MVision CEO, Mounir Guen, says the actions of the Australian Taxation Office (ATO) have negatively affected foreign investment by private funds. Following its unsuccessful efforts to collect tax on the profit TPG Capital made on the sale of its Myer… Full Story »
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Turning Patents Into 'Invention Capital'
Buzz Tracker &bull Feb 17, 2010
BELLEVUE, Wash. Nathan Myhrvold wants to shake up the marketplace for ideas. His mission and the activities of the company he heads, Intellectual Ventures, a secretive $5 billion investment firm that has scooped up 30,000 patents, inspire admiration and angst. Admirers of Mr. Myhrvold, the scientist who led Microsofts technology development in the 1990s, see an innovator seeking to elevate the economic role and financial rewards for inventors whose patented ideas are often used without compensation by big technology companies. His detractors see a cynical operator deploying his bulging patent trove as a powerful bargaining chip, along with the implied… Full Story »
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PE Firms Circle IDC
Private Equity Hub &bull Feb 17, 2010
LONDON/NEW YORK (Reuters) - Private equity firms Hellman & Friedman and Silver Lake Partners are working on a joint bid for Pearson Plc's (PSON.L) majority stake in financial market data provider Interactive Data (IDC.N), people familiar with the matter said… Full Story »
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E.ON Makes 3i Favorite for Italian Gas Grid
Private Equity Hub &bull Feb 17, 2010
MILAN/FRANKFURT (Reuters) - E.ON, the world's largest utility, selected a consortium of private equity fund 3i and local Italian gas supplier Erogasmet as favorites to buy their Italian gas grid, two people with knowledge of the matter said. E.ON needs… Full Story »
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Abbott makes open offer for 20 pc in Solvay Pharma India
India Private Equity &bull Feb 17, 2010US-based pharmaceutical firm Abbott Laboratories on Wednesday announced completing the acquisition of the global drug business of Solvay SA, consequent to which it has made an offer to acquire 20 per cent of Solvay's India business. Abbott Capital India and Abbott Laboratories have made an open… Full Story »
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Indian Govt ready to Help Bharti Airtel in Zain Deal
India Private Equity &bull Feb 17, 2010The Indian government will help Bharti Airtel Ltd. in its bid to buy most of the African assets of Kuwait's Mobile Telecommunications Co., or Zain, if the Indian mobile-phone operator seeks any assistance, the federal corporate affairs minister said Wednesday.… Full Story »
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Temasek Holdings Reduces Stake in India's ICICI Bank to 5.9%
India Private Equity &bull Feb 17, 2010Temasek Holdings Pte, Singapore's state investment firm, reduced its stake in ICICI Bank Ltd. to 5.9 percent as of Sept. 29, according to a filing with the U.S. Securities and Exchange Commission. Temasek's holding in ICICI, India's second-largest bank, fell… Full Story »
