KKR puts partner in place to run Marelli as restructuring cuts loom
KKR has named one of its partners, Dinesh Paliwal, to run portfolio company Marelli as the COVID-19 pandemic forces the Italian auto-parts maker to make more drastic restructuring moves, Bloomberg reports, citing people familiar with the matter. KKR partner and Marelli Executive Chairman Paliwal has already taken control of the company, the people told Bloomberg. They didn’t know […]
Foreside bolsters private fund practice for hedge funds, private equity firms and digital asset managers
Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and compliance (GRC) solutions and technology offerings to clients in the global asset and wealth management industry, has bolstered its private funds practice. This includes an expansion of dedicated personnel, enhancements to its technology platform, as well as the launch of a sub-practice dedicated […]
KKR’s Bae, Nuttall succeed Kravis, Roberts as co-CEOs
KKR & Co Inc said on Monday it has elevated its co-presidents Scott Nuttall and Joseph Bae to co-chief executive officers, succeeding the storied private equity firm’s billionaire co-founders Henry Kravis and George Roberts. The transition has been in the works for years and is unlikely to surprise the firm’s investors. KKR had named Bae, […]
A GIC Star Private Equity Investor Is Leaving to Start New Fund
The GIC Pte executive who made savvy bets on private companies that went on to have record-breaking listings in Indonesia and the Philippines is leaving the Singapore sovereign wealth fund to start his own firm, according to people familiar with the matter. Amit Kunal, managing director of private equity in Southeast Asia, plans to start […]
Spark Infra to open books to KKR consortium after sweetened $3.8 bln bid Reuters
Spark Infrastructure (SKI.AX) on Wednesday agreed to open its books to a consortium that includes private equity giant KKR & Co Inc (KKR.N) after the group tabled a third buyout offer, valuing the Australian electricity infrastructure investor at A$5.13 billion ($3.78 billion). The offer, the latest in a flurry of buyout bids in Australia this year, comes nearly two […]
Private equity firms acquiring top CMOs at a rapid rate: GlobalData
Acquisitions of pharmaceutical contract manufacturing organisations (CMOs) are increasing, and the most common type of acquirer is private equity (PE) firms, which view the industry as a prudent choice for a return on investment, according to GlobalData. The company’s report, ‘M&A in the Contract Manufacturing Industry: Implications and Outlook – 2021 Edition,’ highlights that between […]
Canada’s CPPIB names Suyi Kim as global PE boss
The Canada Pension Plan Investment Board (CPPIB) named Suyi Kim, its top boss in Asia, as the global head of its private equity business, effective Sept. 15. Kim will lead a team which makes private equity investments globally, both directly and with partners. The investment team had C$125.1 billion ($100.59 billion) in assets under management […]
Blackstone appoints Senior Managing Director and Global Head of Talent & Leadership for portfolio companies
Blackstone has appointed Courtney della Cava as Senior Managing Director and Global Head of Talent & Leadership for its Portfolio Operations Group, effective 1 August. In this role, della Cava will be responsible for building and enhancing executive leadership teams and boards for Blackstone’s more than 200 portfolio companies. She joins the firm from Bain […]
McGuireWoods appoints new partner
McGuireWoods continues the strategic expansion of its highly ranked private equity industry team with the arrival of partner Jeffrey Shah, who brings more than a decade of experience in domestic and cross-border deals to the firm’s New York office. Shah advises private equity funds and strategic acquirers on mergers and acquisitions, joint ventures and partnerships. […]
Insight Partners Announces Deployment of $15M Vision Capital 2020 LP Fund
Insight Partners, a leading global venture capital and private equity software investor, announced today it has raised and deployed a $15M Vision Capital 2020 Limited Partner Fund (Vision Capital 2020) to invest in diverse-led, early-stage funds. Vision Capital 2020, which was raised entirely through capital commitments from senior partners of Insight, seeks to address the […]
