Yates Group, the UK wine bar chain, is being acquired by property tycoon Robert Tchenguiz just nine months after being backed by private equity firm GI Partners.
The bloodless revolution that gripped the watching world and swept Viktor Yushchenko to the office of president in Ukraine may be just over 100 days old, but private equity funds in the region are already gearing up to take advantage. Colm Gilmore reports.
The private equity arm of Credit Suisse First Boston has closed its third secondary fund on $2.4 billion to invest in buyout, venture capital and real estate partnerships.
The New York-based private equity firm is opening an office in India, as well as earmarking $1bn for investment in the country.
CVC Asia Pacific has closed the largest private equity fund ever raised for investment in the Asia Pacific region on almost $2bn.
Amid recent staff turnover and the launch of an internationally focused subsidiary, the private equity advisory firm has separated its direct investment and institutional management arms into two different business units to create more operating focus.
Stewart Gross is leaving his post as a managing director at Warburg Pincus to join private equity firm Lightyear Capital as a managing director.
The global investment bank has underlined its determination to remain active as an LBO player with the closure of its fifth co-investment vehicle, the largest buyout fund raised to date.
The Swiss fund of funds manager is currently talking to potential investors about a new vehicle that will target primarily direct investments in India.
Carlyle Group, the Washington DC-based global buyout firm, has raised $7.85bn and $2.2bn respectively for its latest US and European buyout funds.