Cezary Podkul
The clean energy fund's hire of Larry Henry follows a $300m capital commitment to Hudson by Credit Suisse as well as the departure of the vice chairman of its investment banking division to co-head the Goldman Sachs spin-out.
The newly-formed private equity firm founded by three ZelnickMedia partners has emerged as the previously unidentified buyer of Greenfield Online’s internet survey business. Microsoft recently bought Greenfield for $486m after it bettered by $2 per share an earlier offer made by Quadrangle Group.
Private equity firms are holding on to their portfolio companies longer and expecting more bolt-on acquisitions, possibly employing some ‘wishful thinking’, according to a recent survey which also found a great divergence in valuations.
The addition of former Skanska Infrastructure Development chief Simon Hipperson comes as the firm continues to build its team ahead of a reported $5bn fundraising effort
The appointment of David Zweiner, the co-head of Carlyle's nascent global financial services group, as CFO of US bank Wachovia comes as the division is in the midst of a $1bn fundraising effort. Zweiner had been on the job for a little over a year.
Babcock & Brown may in future look a lot less like its Australian counterpart and a lot more like one of its American rivals, writes Cezary Podkul.
The £132.5m sale comes as the UK’s Competition Commission is threatening to force the Spanish infrastructure investor to sell three airports owned by the British Airport Authority, which it acquired in 2006.
The pre-emptive offer has been made following three previous attempts to initiate takeover negotiations of Teranet, a publicly listed e-service company with a monopoly on the Ontario Electronic Land Registration System.
The reduced takeover offer for Informa, publisher of Lloyd's List, by Providence Equity Partners, The Carlyle Group and The Blackstone Group has come after a shake-up in the original consortium that offered £2.15bn for the company in late June.
The appointments of Joseph Wan, a partner at BCG, and Richard Cheung, a partner at McKinsey, are aimed at strengthening the firm’s Hong Kong team before the office launches in early 2009. In the meanwhile, both will be based out of London.