Andy Thomson
Chinese regulators appear to be toying with the emotions of private equity firms through a mixture of pronouncements - some interpreted as good, some bad, others virtually impossible to interpret in the first place. On the whole, though, things seem to be moving in the right direction for general partners. Andy Thomson reports.
Byeon Yang-ho, managing director and founder of South Korean buyout fund Vogo, is the latest private equity professional to feel the heat from the country’s authorities.
AnaCap Financial Partners, a new pan-European private equity firm focusing on the financial services sector, has raised an oversubscribed €300m vehicle.
SVG Capital and its fund management business, SVG Advisers, have committed to invest a combined €3.8bn in the new Permira IV fund, which is targeting €8.5bn in total.
There has been an explosion in both the popularity of hedge funds and the amount of capital allocated to them for investments. This means they are increasingly encroaching on private equity territory, says Simon Davies.
Listed Australian private equity firm Allco Equity Partners has announced its intention to invest more than AU$750m over the next 12 months.
The global investment bank’s private equity arm is reported to be planning a major strategic move into South Korea.
Two private equity-backed packaging companies have announced proposals for a €7.6bn ($9.4bn) merger.
The Washington DC-based private equity firm has finally wrested majority control of French portfolio company Otor from its founding management team after a protracted legal struggle.
TowerBrook Capital Partners, the private equity firm formerly known as Soros Private Equity, has completed its first deal since being spun out of the Soros empire in April.