Goodwin adds partner to private investment funds practice
Global law firm Goodwin has expanded its Private Investment Funds practice in the Frankfurt office with the addition of fund formation and regulatory partner Dr Joachim Kayser. “During a period of continued expansion in Frankfurt, we are thrilled to launch Goodwin’s German funds platform and amplify the firm’s dominance at the intersection of capital and […]
GPG investors targeted by scammers
Investors in the failed German Property Group have been targeted by a scam letter inviting them to make a claim on their investment. The letter, sent earlier this month, stated the group had been able to sell some of its assets to a private equity investor and was making available £280m to claim on a […]
Deutsche Telekom looking to sell Dutch unit
Deutsche Telekom is preparing a sale of its Dutch subsidiary T-Mobile Netherlands, Dutch financial daily Financieele Dagblad said on Monday. Citing sources close to the matter, the paper said Deutsche Telekom is looking to sell the mobile phone operator to private equity investors in a deal that could be worth 4 billion to 5 billion […]
Irish funds services firm Carne Group valued at €400m by private equity deal
Vitruvian, which has backed Just Eat and Skyscanner, taking about 25% stake in firm. Carne Group, a Dublin-based provider of technology solutions to the global funds industry, has been valued at about €400 million by an investment from Vitruvian Partners, a UK private equity firm. Founded in 2004 by funds industry veteran John Donohoe, Carne […]
Prestige to rebuild office portfolio in the next 5-7 years after Blackstone selloff deal
The company is set to close a deal for sale of 21 million sq. ft of real estate with New York-based Blackstone Group Real estate developer Prestige Group plans to build more than 40 million sq. ft of office space across multiple cities, after selling some of its office, retail and hotel assets to Blackstone […]
Blackstone Sees Three Asia MD Exits in a Month
Private equity giant Blackstone reportedly saw three senior managing directors in Asia leave since last month, amidst ongoing expansion in the region. Kishore Moorjani, Asia head of tactical opportunities, was the latest to resign after nine years with the firm. He will be replaced by senior partner Menes Chee, who will relocate from Blackstone’s headquarter […]
KKR is seeking $3.5B for Kokusai
Applied Materials Inc. one of the largest makers of machines used to manufacture semiconductors, said it raised its offer for KKR & Co.-owned Kokusai Electric Corp. by 59%, citing higher valuations in a growing industry. It also extended the closing deadline by almost three months. The U.S. company will pay KKR $3.5 billion, up from the originally agreed […]
Comment: Why private equity should not be feared
Ragavan Arunachalam argues that private equity investment should be an appealing option for businesses, rather than something to fear, and describes how retail banks and private equity can work in partnership to help companies through difficult times. Watching the actor playing Stewy in HBO’s hit Succession do his vaudeville villain act, I was moved to […]
US oil industry awaits new era under Biden
Some producers fear green energy push but others remain sanguine after mixed results from Trump In April 2018, with oil prices near a three-year high of $75 a barrel, Opec ministers gathering in Jeddah were buoyant. Then US president Donald Trump sent a tweet: “Looks like Opec is at it again. With record amounts of […]
Apollo readies Japan private equity push, joining KKR and Carlyle
Progress on governance offers investment opportunities akin to Germany in 2000s TOKYO — Headquartered in a skyscraper on New York’s 57th Street, otherwise known as Billionaires’ Row, alternative investment manager Apollo Global Management has amassed more than $400 billion in assets under management over its three decades. Despite its status as a global private equity […]
