Kohlberg Kravis Roberts, Goldman Sachs and Lewis Ranieri’s Five Mile Capital have completed the roughly $9bn transaction for a control stake in GMAC’s commercial mortgage unit.
2 min read · 12 January 2013
The two private equity firms have sold Belgium’s Hansen Transmissions to Suzlon Energy for €465m.
1 min read · 12 January 2013
SVG Capital and its fund management business, SVG Advisers, have committed to invest a combined €3.8bn in the new Permira IV fund, which is targeting €8.5bn in total.
2 min read · 12 January 2013
Korean buyout fund Vogo Fund is poised to make an investment in BC Card, the country’s second largest credit card issuer, having signed an agreement with its largest shareholders.
1 min read · 12 January 2013
American Capital may have launched its European affiliate, European Capital, on the back of its one-stop buyout shop approach, but the firm aspires to be more than a one-trick pony. By Robert Venes.
4 min read · 12 January 2013
Kohlberg Kravis Roberts and Texas Pacific Group join a number of high-profile private equity firms looking towards the distressed sector with new hedge funds. By Aaron Lovell.
2 min read · 12 January 2013
The Pennsylvania Public School Employees’ Retirement System (PSERS) publicised its 2005 investment performance, which was buttressed by strong growth in its alternatives portfolio.
1 min read · 12 January 2013
Evercore Capital Partners has agreed to take over Davis Petroleum in a $150m management recapitalisation. Sankaty Advisors and Red Mountain Capital Partners are co-investing in the deal.
2 min read · 12 January 2013
TowerBrook Capital Partners has held a $1.3 billion final close on its inaugural fund. The TowerBrook team spun out of Soros Asset Management in April of last year.
2 min read · 12 January 2013
As capital continues to flow into private equity real estate, GPs are gaining the upper hand in negotiating the terms of their fund documents—but that doesn't mean LPs are staying quiet. By Paul Fruchbom
10 min read · 12 January 2013
