SIDBI Venture Capital and Clearstone Venture are investing a combined $6.5 million into a mobile device designing and manufacturing startup, DGB Microsystems. The startup’s founder and associates are putting in $2 million of their own money.
Countrywide shareholders reject 3i’s £978 million take-private bid, leaving the listed buyout firm about £4 million worse off.
The Private Equity Foundation, a new initiative designed to help the industry co-ordinate its charitable giving, launched in London last night.
Fundraising could reach a record $500 billion in 2007, setting yet another new record after last year’s all time high.
3i has launched a new growth capital team in the US, as it looks to repeat its European success in the competitive mid-market space.
Deutsche Bank’s asset management arm has continued the reorganisation of its alternative investments platform by taking a small stake in Aldus Equity, a US-based private equity investment and advisory firm.
In a deal that stretches the term ‘private equity’ and furthers a trend toward large PIPEs, the Euronext-listed affiliate of KKR will invest $700m in an atrophied Sun Microsystems through two convertible senior notes.
Dominic Shorthouse’s mid-market fund has closed its second fund despite only exiting two investments from its first fund in 2002.
Citigroup Property Investors has closed on its Asia Pacific real estate fund on $1.3bn, including a $200 million commitment from the financial services giant.
David Simon has become the Greenwich, Connecticut-based firm’s seventh managing director.