James Taylor
UK-based secondaries specialist Coller Capital has bought a 45 percent stake in a new independent venture fund launched by Shell, which will develop non-proprietary technologies.
Intermediate Capital has closed its fourth mezzanine fund with €2.25 billion of firepower - the biggest ever raised in Europe. The fund will invest in mezzanine and senior debt, and could also be used for equity co-investments.
The UK retailer will open its books to Kohlberg Kravis Roberts, after the buyout firm increased its bid to £10.40 per share or £10.1 billion.
A consortium led by Veronis Suhler Stevenson has bought US publishing business Advanstar from DLJ Merchant Banking Partners, for $1.1 billion.
TA Associates, a Boston-based private equity firm, has bought an undisclosed stake in fund of hedge funds K2 Advisors, in the latest example of convergence between the two alternative asset classes.
3i said in a pre-close update that it will pay out another £800 million to shareholders after a strong year for investment and realisations. It has now made £2 billion of dividend awards in three years.
NanoDimension has raised €45 million for a dedicated nanotech venture fund, which has already made its first investment.
Industri Kapital, a Nordic buyout firm that is preparing to hit the fundraising trail, has taken advantage of the red-hot market for European housebuilders by selling Swedish-based Prevesta for €204 million. The sale will generate a return of more than ten times IK’s initial investment.
August Equity and Rutland Partners are relinquishing control of their listed trusts to New Star Asset Management, as the UK-based group looks to invest in private equity through a new fund of funds vehicle.
The listed Paris-based private equity group has wrapped up €500m in commitments for its first vehicle for third-party investors.