Private Equity and Venture Capital News

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• Private equity firms vie for London-Channel Tunnel rail link 01 Sep 2010. Source: AltAssets. A huddle of private equity firms are jostling for prime position as the high-speed rail network linking London to the Channel Tunnel rolls into the platform, according to reports.

• Millennium Private Equity invests in Islamic cleantech bond 01 Sep 2010. Source: AltAssets. Millennium Private Equity (MPE), which is owned by Dubai Islamic Bank and United Gulf Bank, has invested in an Islamic bond issued by clean technology development company International Innovative Technologies (IIT), according to reports.

• 3i cooking up Burger King deal 01 Sep 2010. Source: AltAssets. FTSE-listed private equity firm 3i is among the private equity firms eyeing Burger King, the world's second-largest hamburger chain, according to the Wall Street Journal.

• 3i tipped to sell Global Energy Services 01 Sep 2010. Source: AltAssets. UK private equity firm 3i Group is looking to sell its portfolio wind farm developer Global Energy Services (GES), according to reports.

• Tomkins shareholders back Canadian consortium’s £2.89bn bid 01 Sep 2010. Source: AltAssets. Canadian private equity firm Onex and pension fund the Canada Pension Plan Investment Board are to take London-based auto parts and bath tubs manufacturer Tomkins private.

• EnCap Investments targets $3.5bn for energy fund 31 Aug 2010. Source: AltAssets. US oil and gas private equity investor EnCap Investments is targeting $3.5bn for a new fund to invest in and create domestic energy companies, according to the Dallas Business Journal.

• Institutional Venture Partners closes late-stage VC fund on $750m 31 Aug 2010. Source: AltAssets. Late stage growth equity investor Institutional Venture Partners (IVP) has closed its seventh fund on $750m. The oversubscribed fund represents a $150m increase on the firm's previous fund, which closed on $600m in May 2007, and brings IVP's total committed capital to $3bn.

• Everstone Capital to raise $350m India logistics fund 31 Aug 2010. Source: AltAssets. Everstone Capital, the India-focused private equity and real estate investor founded by two former Goldman Sachs executives, is seeking to raise up to $350m to invest in warehouses in India, according to Bloomberg.

• US private equity firm Carlyle takes stake in Brazilian lingerie company Scalina 31 Aug 2010. Source: AltAssets. US private equity firm Carlyle has taken a stake in Scalina, Brazil's largest manufacturer and retailer of woman's hosiery and lingerie. Terms were not disclosed, but the firm reportedly paid out BRL215m ($123m) for a 51 per cent stake in the company.

• CalPERS senior alternatives investment officer resigns 31 Aug 2010. Source: AltAssets. A senior investment officer for US pension fund the California Public Employees' Retirement System (CalPERS) has resigned in the midst of a fraud probe into the activities of some of the fund's former senior management team, according to reports.

• Candover Investments to wind up, return cash to shareholders 31 Aug 2010. Source: AltAssets. Candover Investments is to wind itself up and return cash to shareholders in the wake of failed takeover plans.

• L Capital Asia tries on Hong Kong's Emperor Watch & Jewellery 31 Aug 2010. Source: AltAssets. A private equity fund backed by French luxury goods conglomerate LVMH has made its third investment in Asia.

• Cleantech Invest partially exits SiC Processing 27 Aug 2010. Swiss-headquartered growth capital fund Cleantech Invest has sold a stake in silicon wafer equipment company SiC Processing in a trade sale to Nordic Capital Fund VII.

• China Banks’ private equity links to be scrutinised by regulator 27 Aug 2010. Source: AltAssets. The exposure of Chinese banks to private equity is to be scrutinised by an industry regulator to ensure banks have taken steps to avoid risk, according to reports.

• Henderson to wind up private equity fund of funds 27 Aug 2010. Source: AltAssets. UK asset manager Henderson Global Management is to wind up its private equity fund of funds investment arm.

• UK fund of funds SVG Capital sees asset values bounce back 27 Aug 2010. Source: AltAssets. UK private equity fund of funds SVG Capital has seen its assets rise as portfolio company valuations continue to improve.

• Neuberger Berman pursues additional $75m for distressed fund 27 Aug 2010. Source: AltAssets. US Asset manager Neuberger Berman is to raise an additional $75m for its $200m listed distressed investment vehicle.

• Bain Capital expected to close $1bn Air Medical deal 27 Aug 2010. Source: AltAssets. US private equity firm Bain Capital is expected to acquire Air Medical Group Holdings for almost $1bn, according to the Wall Street Journal.

• Blackstone fights to get IPO appeal thrown out of court 26 Aug 2010. Source: AltAssets. US private equity firm Blackstone is fighting against the revival of an investor lawsuit accusing it of concealing bad investments in the run-up to its 2007 IPO, according to Reuters.

• HgCapital Trust posts 2.9 per cent six month NAV increase 26 Aug 2010. Source: AltAssets. The London-listed arm of UK private equity firm HgCapital has posted a 2.9 per cent increase in net asset value (NAV) for the six month period to 30 June, rising to £291.9m (€356.9m).

• Ratos readies Bisnode for sale 26 Aug 2010. Source: AltAssets. Swedish private equity firm Ratos is reportedly looking to sell portfolio company Bisnode, a business information firm.

• Netscape founder’s VC firm seeks $650m for start-ups 26 Aug 2010. Source: AltAssets. The venture capital firm run by the founder of internet computing company Netscape Communications is seeking to raise $650m to invest in start-ups, according to Bloomberg.

• Court Square picks up Fibertech for $500m 26 Aug 2010. Source: AltAssets. US private equity firm Court Square Capital Partners has acquired fiber-optic network leasing company Fibertech Networks from Nautic Partners and Ridgemont Equity Partners for $500m, according to the Wall Street Journal.