$401 billion raised worldwide – buyout alone accounts for $204 billion. Private Equity Intelligence’s 2007 Global Fundraising Review reveals the success that private equity firms had in raising new funds in 2006.
The global private equity firm has offered to acquire EGL, a Houston-based transportation and logistics company that is 18 percent owned by its founder.
New Jersey-based firm GSC Group has closed its third control-oriented fund on $530m.
Industri Kapital has made 2.5 times its investment on the sale of Gardena, a gardening tools manufacturer, for €730 million.
The global insurer’s fourth fund of funds vehicle closed well in excess of both its $400m target and its $239m predecessor.
The Hong Kong based, pan-Asia private equity firm found half of its new capital among European LPs.
The former GM auto parts business will receive up to $3.4bn in financing from Cerberus, Appaloosa, Harbinger and other investors as the company emerges from bankruptcy protection.
New York-based Apollo and Indian investment group SUN have closed a $630m fund focused on the Indian property sector.
The European private equity fund of funds specialist is opening an office in Munich with two partners, co-founders of Stratin Capital Advisors.
The Nordic firm is fast transforming itself into a alternative asset powerhouse with mezzanine and special situation funds to complement its buyout business and has underlined its territorial expansion with a second China fund.