Solomon Owayda and Christine Patrinos have partnered to launch Mozaic Capital, a firm that advises institutional investors on the sale of interests in private equity and related limited partnerships. Selling has become an increasingly popular activity in what is still considered a largely illiquid asset class.
Last week’s wild gyrations in global financial markets almost certainly exposed the vulnerability of U.S. state and local authority public pension funds which have piled into riskier assets in recent years, according to actuaries and other pension experts, Reuters reported.
One Equity Partners, the former middle-market private equity arm of JPMorgan Chase & Co, is acquiring Augusta Columbia Capital, a buyout firm focused on technology investing, according to people familiar with the matter, Reuters reported.
BR Partners, the Brazilian investment bank founded by dealmaker Ricardo Lacerda, is countering the impact of Brazil’s worst recession in 25 years by carving out a greater role as a mergers and acquisitions adviser and a provider of structured finance, Reuters reported.
Carlyle Group is in advanced talks about buying Innovation Group for 40 pence a share in cash, valuing its equity at almost 500 million pounds ($769 million), the British software company said on Friday, Reuters reported.
Dalian Wanda Group, headed by China’s richest man, on Thursday said it has bought the organiser of Ironman Triathlon races for $650 million, in a diversification push that the property developer said may involve another sports purchase by year-end.
Private equity firms have formed three separate teams to bid for Tesco’s South Korean business valued at about $6 billion, four people with knowledge of the matter said on Friday, in what is tipped as Asia’s biggest ever private equity deal, Reuters reported.