Amanda Janis
The US’ biggest online retailer has agreed its largest-ever add-on deal with Zappos, whose backers include VC firms Sequoia and Venture Frogs and direct secondaries firm Millennium.
Appu Mondassery, Highland Capital's former London head, will steer the HIG affiliate's European distressed debt activities including debt-for-equity restructurings.
The buyout firm has partnered with media conglomerate Bertelsmann to develop a global music rights management business. BMG Rights Management has contracts with artists including 80s pop band A-ha, Welsh DJ Sasha and German hip hop and reggae artist Peter Fox.
The French bank’s private equity arm is continuing to amass affiliates in foreign markets, having in the past year backed Swedish and Chinese funds.
The listed firm’s financial footing has been bolstered by the £553m sale of Wood Mackenzie, one of several factors reducing its need to sell the business to reported potential buyers like Coller Capital.
The mega-firm confirmed today it may purchase a majority stake in the London-listed life assurance company.
The firm has temporarily abandoned plans to absorb its Euronext affiliate and list the combined entity’s managmenet company on the NYSE, opting to float first on Amsterdam’s Euronext exchange.
Struggling small- to mid-cap European companies in need of convertible debt and structured equity will bet the focus of the Marwyn Alternative Capital Fund, which will be chaired by UK business grandee Nigel Rudd.
As it nears the $2bn mark in a $2.5bn fundraise, UK private equity firm GI Partners' portfolio company Orchid has purchased 10 businesses from collapsed pub chain Bar Room Bar. Orchid had previously sold Bar Room Bar for £20m.
The listed fund of funds, formerly called Bear Stearns Private Equity, needs cash to capitalise on secondary deal flow, fund existing investments and strengthen its balance sheet.