Teachers’ Private Capital, the private equity arm of the Canadian pension, has launched its first foothold outside of Toronto with a London office led by Andrew Claerhout.
Oak Hill Capital has placed a $1.4 billion order for six Boeing 777 freight planes, which the Robert Bass-led firm will then lease. The planes will add to the firm’s existing portfolio of 25 passenger aircraft.
Film producers Harvey and Joel Weinstein’s company has reportedly teamed up with Goldman Sachs to set up a $285m Asian film fund, which will finance some leading Asian cinematic talent.
UK-listed private equity group 3i has sold Smart & Cook to Axa for £140 million, generating a return of over three times its investment.
Nordic buyout firm Industri Kapital has achieved a 3.5 times return on its investment by selling veterinary laboratory Ceva Santé Animale to a private equity consortium.
The US private equity community has contributed substantial sums to the ever-expanding war chests of the US presidential hopefuls. Republican candidate Mitt Romney, the co-founder of Bain Capital, has predictably been the most generously supported.
Quadrant Private Equity has closed an A$500 million fund for investment in the Australasian mid-market, after recently completing its first deal from the fund.
UK-based Coller Capital has closed a $4.5 billion secondaries fund, the biggest ever raised. The fund was nonetheless substantially over-subscribed.
US mobile phone service provider MetroPCS has raised $1.15 billion in its initial public offering – the largest amount raised so far by a US IPO this year and an exit for which some of its investors waited more than a decade.
Camcor Partners has closed a $200 million venture capital fund, which will invest in the oil sands business.