Amanda Janis
The UK-based private equity firm had a total negative return of £182m for the first half of 2008, due in part to £411m in write-downs and an £87m drop in value of its quoted portfolio. Its buyout and infrastructure businesses produced positive returns.
Amid $649m in third quarter write-downs for KPE – the largest related to a co-investment in the $45bn TXU buyout – the private equity firm has said the restructuring of the Euronext-listed vehicle will come next year.
Amid $649m in third quarter write-downs for KPE – the largest related to a co-investment in the $45bn TXU buyout – the private equity firm has said the restructuring of the Euronext-listed vehicle will come next year.
BVCA head Simon Walker has distanced private equity’s investment strategy and remuneration scheme from investment banks and hedge funds, while speaking at a Conservative Party conference event. He also stressed the UK’s need for private equity’s vast capital reserves given current market conditions.
The mega-buyout firm has also closed its distressed financial services fund with roughly $6bn in commitments, and rounded up roughly $4bn for the final close of its Asian fund.
The mega-buyout firm has also closed its distressed financial services fund with roughly $6bn in commitments, and rounded up roughly $4bn for the final close of its Asian fund.
European venture deals have hit a nine-year low. But Germany and cleantech remain bright spots, writes Amanda Janis.
The publicly traded Canadian buyout firm expects to hold a final close on its third mega-fund in early 2009. CEO Gerald Schwartz has said despite having done no deals in the second quarter, Onex sees attractive opportunities and is not discouraged by credit conditions.
The mid-market firm’s debut $620m fund is now 60 percent invested following the purchase of ArrMaz Custom Chemicals, which has now had three alternative investment fund sponsors.
The US mid-market firm has purchased an Illinois Tool Works subsidiary as it deploys remaining ‘reserve capital’ for add-ons from its $1.2bn Fund III.