Jennifer Harris
Prophet Equity, founded by former Bain & Company executives Ross Gatlin and George Stelling, will take its first fund to market in early 2008 with a $250 million hard cap.
Hudson Group, which operates Hudson News stores in airports in the US and Canada, will be Advent International’s tenth investment in the travel-related business sector.
After weathering a turbulent 14-year investment period, Conduit Capital Partners has sold the last assets of its 1993 Latin Power I fund.
Bear Stearns and Eagle Investments have selected Steven Kwok, previously of private equity firms The Carlyle Group and Orchid Asia, to lead their joint effort in China.
The US firm has raised $400 million for its seventh fund, to focus on early stage investments in biotechnology, advanced materials and specialty semiconductors.
The private equity firm has raised $1.75 billion for its sixth Atlantic and Pacific fund, a vehicle for non-US limited partners.
The China-focussed venture firm has closed a second fund twice the size of its debut vehicle, just one year later.
Conduit Capital Partners has sold three hydroelectric power plants in Mexico, the firm’s second successful exit this year from its 1999 vintage fund.
The US private equity firm has raised $2.5 billion for investments in the upstream sector of the oil and gas industry.
The lower middle market private equity firm has made its first Israel acquisition as an add-on for Hungarian portfolio company Diatron.