Suzanne Weinstock

The Washington, DC-based development institution has furthered its support of regional SMEs via a $15 million investment in the Senegal-based Atlantic Coast Regional Fund, which has held a first close on $75 million.

The Paris-based private equity arm of French insurer AXA has divested itself of a 2005 investment from its third fund following the recent close of Fund IV on €1.6 billion; AXA Private Equity has also opened an office in Zurich.

The Long Island, New York-based firm has held a final close eight years after the close of its $213m predecessor fund, which targeted both venture capital and buyouts.

African Global Capital, a private equity fund backed by Och-Ziff, Palladino Holdings and Mvelaphanda Holdings, has agreed to up its stake in Coal of Africa from 9.1 percent to 26.4 percent for £138.75 million.

Michael Philipp, head of the Swiss bank in Europe, the Middle East and Africa has departed to open his own firm.

The justices unanimously struck down a Court of Appeals decision that favoured bondholders and would have killed the $52 billion buyout.

A minority investment by the US private equity firm was used to finance Trow Global’s merger with Teknika and will support ongoing global expansion.

The technology-focussed affiliate of Accel Partners and Kohlberg Kravis Roberts has sponsored the launch of M2 Technology Partners, a mid-market private equity firm targeting the enterprise software sector.

The Pacific Northwest technology investor has raised its most recent fund in a matter of months with 100 percent of institutional investors returning.

Mexican VC IGNIA’s first fund, targeting up to $75m, will seek to create social impact throughout Latin America without sacrificing returns.