Regulation

KKR and Goldman Sachs have struck a $400 million deal allowing them to terminate their agreed $8 billion buyout of Harman International Industries without litigation or paying a breakup fee to the audio equipment maker.

Indian infrastructure firm Zeus Infra-management and Global Infrastructure Partners have bought East India Petroleum as private equity firms continue to invest strongly in the oil and gas sector.

The state of California has passed a law requiring that CalPERS and CalSTRS divest from companies that do business in Iran, but unlike similar bans elsewhere, private equity is not affected.

India’s largest private equity fund has become the latest to float a fund to cash in on India’s booming real estate sector, estimated to reach $90 billion by 2015.

New York-based private equity real estate firm Apollo has hired Cindy Wenig as general counsel to advise on its transactions in the US and abroad.

Having recently reported an increase in value and growth in the region, the firm’s private equity real estate arm will launch an East Africa-dedicated fund, its fifth fund in the last two and a half years.

Having recently reported an increase in value and growth in the region, the firm’s private equity real estate arm will launch an East Africa-dedicated fund, its fifth fund in the last two and a half years.

The UK retailer could become the second FTSE100 retailer to go private after Boots Alliance, but it says it won’t sell off its real estate assets.

The UK retailer could become the second FTSE100 retailer to go private after Boots Alliance. In a bid to appease its critics Delta Two has become the first fund to commit to the Walker Report's standards of transparency and disclosure.

The US alternative assets group has sold a further 7.5 percent stake in itself to a strategic investor, valuing David Rubenstein's firm at $20 billion. It sold 5.5 percent to CalPERS in 2000.