Dave Keating
The new vehicle will be the world’s largest buyout fund, setting a new record as rival firms prepare close in on similar megafunds. Already, the new fund is 25 percent committed to deals.
The two firms’ joint venture has sold one power plant in the Topaz Power Group for $1.14bn to a British buyer while acquiring the remaining shares of the other seven plants.
Haddington Ventures, a Houston, Texas-based private equity firm, plans to continue its commitment to the burgeoning midstream energy industry, announcing the closing of its new $182m private equity fund.
The firm, formerly known as Hicks Muse Tate & Furst, has joined with local investors to buy the Time Leader of Wilkes-Barre, Pennsylvania.
The New York-based firm has made another investment in the fraud and compliance sector with Daylight Forensic & Advisory.
The Greenwich, Connecticut-based firm’s sixth fund brings its total capital under management to $2 billion.
Recent moves by the Chinese government on intellectual property rights and consumer spending have encouraged venture investors to dive into China’s software and internet sector. Dave Keating reports.
Amp Resources, a portfolio company of Highland Capital Partners, has terminated an agreed-upon acquisition by Raser Technologies, but Raser is fighting to stay in the game.
IntrinsiQ, a maker of medical oncology care software, will be the first investment for Accel-KKR in the healthcare information technology sector.
The San Francisco-based firm has attracted the nation’s five largest endowments to its second institutional fund.