United States
Auda closes Secondary Fund III on $332m
Private equity-focused investment manager Auda International has held the final close of its Auda Secondary Fund III (ASF III) vehicle with commitments totalling $332m.
JLL Partners, Royal DSM create $2.6bn pharma business
US private equity house JLL Partners and Dutch life sciences group Royal DSM have teamed up and combined assets to create a new, independent pharmaceutical company in a deal worth $2.6bn.
Is crowdfunding a threat to private equity?
Crowdfunding
Harvard appoints new MD for private equity
Harvard Management Company (HMC), the Boston-based university endowment fund, has named Lane MacDonald as managing director of its private equity operations.
Runa Capital expands US presence with new hire
Russian venture capital firm Runa Capital has appointed Peter Bauert as partner to strengthen the firm’s presence and activities in the US.
Partech closes seed fund on €30m
Partech Ventures has closed its Partech Entrepreneur seed fund after raising €30m ($40m).
Partech VI closes on €130m
Partech Ventures has closed its Partech VI venture fund on €130m ($175m), having originally targeted €120m at the time of its first close.
Ardian’s Trescal bolts on SE Laboratories
Trescal, a portfolio company of Ardian (formerly Axa Private Equity), has acquired SE Laboratories, a Silicon Valley-based provider of calibration services.
DFJ’s Cook joins DFJ Global Network board
Simon Cook, DFJ Esprit
VC-focused law firm Jag Shaw Baker launches
James Shaw & Tina Baker, Jag Shaw Baker
Kreos Capital leads round for GetTaxi
European GP Kreos Capital has led a $12m series-C funding round for GetTaxi, an enterprise and consumer taxi app, as the company launches its first US office.
Grosvenor Capital acquires Credit Suisse’s PE FoF division
US-based fund of hedge funds Grosvenor Capital Management (GCM) has acquired the fund-of-private-equity-funds division of Credit Suisse, Customised Fund Investment Group (CFIG).
SEC lifts fund advertising ban
The Securities and Exchange Commission (SEC) has removed the prohibition on general solicitation and advertising for VC firms and PE houses when raising private funds in the US.
LDC returns to MB Aerospace
Despite exiting MB Aerospace three months ago, LDC, alongside new owner Arlington Capital Partners, has reinvested in the aerospace engineering group to support its acquisition of Delta Industries.
LP chief heads for private equity
Barry Miller, head of private equity at New York City Retirement System, has left to join secondaries specialist Landmark Partners.
Pantheon backs boost to ethnic minority ranks in PE
Pantheon has teamed up with non-profit organisation Sponsors for Educational Opportunity (SEO) in a bid to encourage ethnic minority college undergraduates to pursue a career in private equity.
MML's Arena Group acquires Karl’s
UK-based events business The Arena Group, a portfolio company of MML Capital Partners, has acquired its US competitor Karl’s Event Services.
Northzone and Sunstone's Asetek completes IPO
Northzone- and Sunstone Capital-backed Asetek, a provider of computer liquid cooling solutions, has completed its IPO on the Oslo Stock Exchange.
KKR-backed Boots in deal with drug wholesaler AmerisourceBergen
Alliance Boots, backed by KKR and Axa Private Equity, and its US owner the pharmaceutical retailer Walgreens have struck a deal with US drug wholesaler AmerisourceBergen, according to reports.
Isis sells LBM Direct Marketing to Stream Global Services
Isis Equity Partners has sold its stake in British data provider LBM Direct Marketing to US trade buyer Stream Global Services.
Carlyle earnings disappoint
Carlyle Group's economic net income has declined by 28% compared to last year, causing its share price to fall by almost 8%.
Atlantic-Pacific Capital appoints partner
Placement agent Atlantic-Pacific Capital has appointed Brian Wade as partner.
CBPE sells Rosemont Pharmaceuticals to Perrigo
CBPE Capital has sold Leeds-based pharma company Rosemont Pharmaceuticals to US trade buyer Perrigo Company.