David Snow

The Goldman-led, $22bn take-private of energy logistics company Kinder Morgan, officially agreed today, involves a roughly $8bn equity cheque from the private equity consortium and management.

Tata Group, one of India’s biggest industrial conglomerates. is buying Glaceau from San Francisco-based TSG Consumer Partners for $677m, generating a multiple of a roughly 14 times over just three years.

The buyout giant, currently in the market with its 2006 Fund, has set a ceiling for the vehicle that, if reached, will put KKR in the same size stratosphere as Blackstone and Texas Pacific.

Lion Capital, the former European arm of Hicks Muse Tate & Furst, today announced a deal to acquire New Jersey-based American Safety Razor from buyout firm JW Childs.

The increasingly global buyout firm is evaluating setting out to raise as much as $2bn next year, according to sources.

EdgeStone Capital, one of the largest private equity firms in Canada, has been acquired by a Canadian financial services firm, GMP, which is listed as an income trust on the Toronto Stock Exchange.

Shares of KKR Private Equity Investors, listed on the Euronext Amsterdam exchange, closed today at $22.39 per share, down nearly 9 percent since the vehicle went public on May 3.

Guggenheim Aviation Partners is on the fundraising trail for a follow-on vehicle that will continue the firm’s strategy of acquiring, converting and leasing aircraft.

At its annual meeting, Blackstone told limited partners it wants to raise its fund cap to nearly $15bn, and is studying the possibility of a public vehicle.

The recently listed KKR Private Equity Investors vehicle creates an immediate pool of nearly $2bn for KKR’s 2006 Fund – a major boost to the firm’s ongoing fundraising effort.