Buyout
UK - Clyde Blowers chief launches private equity fund
Jim McColl, chairman and chief executive of engineering group Clyde Blowers, is launching a £200m private equity fund to enable the continued expansion of his business.
EUROPE - KKR fund mystery
Confusion surrounds the progress of fundraising for KKR's latest European vehicle today, with some reports suggesting a EUR 6bn final close and others reporting that the fund is still in the fundraising process.
WORLD - Warburg Pincus closes $15bn fund
Warburg Pincus has closed its latest fund, Warburg Pincus Private Equity X on $15bn. The fund has a broad investment remit focusing on early-stage investments through to buyouts and special situations.
WORLD - CVC closes $4.1bn Asia Pacific Fund
CVC Capital Partners has closed its third fund dedicated to investments in the Asia Pacific region, CVC Capital Partners Asia Pacific III, on $4.1bn. It is the biggest ever private equity fund raised in the region.
CEE – Advent closes fourth fund on EUR 1bn
Advent International has closed its fourth fund dedicated to Central & Eastern Europe, ACEE IV, on EUR 1bn. It is three times bigger than the last fund raised by the investor. The new fund will invest between EUR 30 and 100m in companies across the region.
UK - Darwin holds third close and grows team
Darwin Private Equity has held a third close of its maiden fund on £207m. The private equity house is targeting a final close of £250m.
UK - Advent closes €6.6bn buyout fund
Advent International has closed GPE VI on its hard cap of €6.6bn.
UK - Matrix takes reins at Income & Growth VCT
Matrix Private Equity has taken on sole-manager status at The Income & Growth VCT after Foresight Group stepped down as co-manager.
RUSSIA - Renaissance Group closes US $660m fund
Renaissance Group has closed its first fund, Renaissance Private Equity Fund I LP, with a total of US $660m in commitments. The new fund is dedicated to investment in Russia and Central and Eastern Europe. It had a target of US$ 500m.
EUROPE - Bain Capital closes EUR 3.5bn buyout fund
Bain Capital has closed its third European buyout fund with a total of EUR 3.5bn in commitments.
SWITZERLAND - Capvis Equity III L.P. closes on EUR 600m
Capvis Equity Partners AG has closed its latest fund, Capvis Equity III L.P., on its hard cap of EUR 600m (CHF 1bn). The fund was substantially over-subscribed, exceeding its original target of EUR 500m.
GERMANY - Halder closes GIMV Germany II on EUR 325m
In a time when many international GPs are raising large funds for distressed assets, Halder has bucked the trend to raise a traditional mid-market buy-out fund. GIMV Germany II reached its hard cap of EUR 325m after just three months, comfortably surpassing...