Re-ups are the order of the day for many university endowments as summer starts to wane. But that’s only if they choose to make any pledges at all. One example is Purdue University, which began its private equity program in 2003. The limited partner has committed $10 million to the asset class so far in […]
Bridgepoint’s partner and head of European financial services John Davison has left the firm to pursue other interests. Davison will be succeeded by Stephen Green who will take on the duties at the beginning of July. Prior to Bridgepoint, Green was head of global financial and business services team at Apax Partners Worldwide. He began […]
In the absence of a buyouts market, investors are increasingly turning to alternative ways to back private equity, and growth equity is the one they are all talking about. But is it really that different from venture and can buyouts players compete with the specialists?
Global private equity firm Advent International has recruited former chairman of Merrill Lynch Bob Wigley as an operating partner advising on opportunities in financial services in Europe. Having spent more than 10 years at Merrill Lynch, Wigley has extensive experience in the financial services sector. He was a former member of the Court of the […]
UK soft drinks producer valued at £625m
Turnaround advisory firm Alvarez & Marsal has made its thirteenth new appointment this year with the hire of a new managing director and co-head of the firm’s restructuring practice in Germany. Dr Nedim Cen joins the firm with over two decades of experience in management consulting, investment banking and serving in management roles. Most recently […]
U.S. bank regulators seized troubled Florida lender BankUnited FSB and sold it to some of the most powerful private equity firms in the world. Firms including Wilbur Ross’s WL Ross & Co., The Carlyle Group, The Blackstone Group, and Centerbridge Partners are putting up $900 million of capital to rescue the bank, the biggest independent […]
Targets: MINDBODY, BLI Messaging, Chancellor University Price: $5.6 million in MINDBODY; otherwise undisclosed Catalyst Investors has jumped out to a fast start in 2009, announcing three first-quarter investments after going all of 2008 without a single deal. The New York-based growth equity shop made a $5.6 million investment in MINDBODY, a San Luis Obispo, Calif.-based […]
Satellite image company to be the fourth tech-related IPO in the United States this year
Buyouts firm set out to raise €6bn, misses by a third
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