Christopher Witkowsky

The emerging markets firm hopes to raise $100m for the fund, whose investor base includes the Kazakhstan government-backed fund of funds Kazyna Capital.

Advent International and CCP Equity Partners acquired the healthcare services company in 2004.

The San Francisco-based private equity firm acquired US Silica from Harbinger Capital Partners in a deal including more than $102m in debt.

Setting the stage for a potential legal battle, the New York-based private equity firm today charged the German automaker with ‘intentionally. . . misrepresenting’ to Cerberus the state of the auto-lending market leading up to its investment in Chrysler last year. Daimler called the accusations 'absurd'.

KPMG has told BCE that it cannot deliver a solvency opinion before the 11 December scheduled closing of the $42bn transaction.

As it attempts to unload its LP interests, the insolvent holding company that once owned Washington Mutual Bank has already been hit with a default penalty by a venture capital fund for failing to meet a $700,000 capital call.

The Canada-based firm will use the fund to target mid-market debt investment opportunities.

Singapore’s sovereign wealth fund cited current market conditions as the reason for delaying the sale of the power generating company PowerSeraya.

David Emerson, former Canadian minister of foreign affairs, will advise the private equity firm’s portfolio companies. Emerson, who has served as deputy finance minister, minister of industry and minister of foreign affairs, retired from his lengthy career in government in September.

A recent large acquisition that included a large amount of debt shows that LBOs are not dead -- they just need more participants to be successful, writes Christopher Witkowsky.