Archie Norman, former grocer, politician and corporate turnaround specialist, set up a new investment company, Aurigo Management, last month. Robert Venes speaks to Norman about his latest venture.
3 min read · 12 January 2013
The publicly-traded buyout and mezzanine fund has acquired the flight simulation and training center of the former Pan Am Airways for $58m.
2 min read · 12 January 2013
Michael Gross, a founder and former senior partner of Apollo Management, has joined hedge fund Magnetar Capital as a senior partner, signaling Magnetar’s intention to focus on private equity investing.
2 min read · 12 January 2013
Magic Mountain, the famed Los Angeles-area theme park, may soon be converted to a retail and residential development.
2 min read · 12 January 2013
The Cleveland, Ohio-based firm’s microcap fund, which is targeting companies with EBITDA of less than $3m, has made four acquisitions in less than a month.
2 min read · 12 January 2013
Blackstone and KKR are understood to be pursuing an interest in two retail units owned by GUS, despite a recent announcement by the UK retail group to demerge the businesses.
1 min read · 12 January 2013
Neil Darke, a director at UK broker Collins Stewart, gave measured support to the Bank of England’s Financial Stability Report, which warned of the danger of increased coporate debt as companies review the amount of leverage in their balance sheets.
1 min read · 12 January 2013
VNU, owned by a private equity consortium including KKR, Blackstone and Carlyle, plans to raise $1.67 billion of new debt to finance the acquisition.
2 min read · 12 January 2013
UK lower mid-market firms Sovereign Capital and Palamon Capital Partners have had a busy week, with Sovereign completing two deals, while Palamon closed its €670m second fund and invested in a German corporate gift certificate company.
2 min read · 12 January 2013
The Paris-listed private equity manager has targeted external investors for the first time to give the group additional deal-doing capacity and to create a new revenue stream.
2 min read · 12 January 2013
