Christopher Witkowsky
The financial services-focused firm has reportedly had to write down a large portion of its most recent fund's investments by 30 percent. Meanwhile, the fate of its investment in Hypo Real Estate is unclear, as the struggling German company agreed to a $68bn state-backed bailout plan Sunday.
The New York private equity firm will buy a chunk of the Canadian Imperial Bank of Commerce's troubled US real estate portfolio, purchasing amortising senior notes that will have a capped return of about 20 percent.
The Central and Eastern European-focused private equity firm has increased to 74.6 percent its stake in Falcon Group, a provider of analog and digital television services and telecommunications in the Czech Republic.
The deal for Pilot Travel Centers was sourced by the private equity firm’s recently established US advisory board.
The US bank will combine its $7.4bn private equity business with other divisions to create an entirely new unit after the merger with Merrill Lynch is complete. John Thain, the chief executive and chairman of Merrill Lynch, will become the president of the bank's global banking, securities and wealth management team.
GameStop, which operates 5,889 stores in the US, Canada, Australia and New Zealand, will now have 1,077 stores throughout Europe, including in Ireland, Spain, France and Switzerland.
The Silicon Valley-based venture firm has rewarded several team members as it continues its expansion into alternative energies. The firm has focused more on alternative energies since its NEA XII fund closed on $2.5bn in 2006.
The New Jersey-based clean energy firm is integrating Helium Energy into a new portfolio company as part of a strategy to expand its overseas presence in wind and solar production.
The investment by India's largest infrastructure-focused private equity firm will help create a parts-making operation for the wind energy industry in India. The IDFC manages three private equity funds.
The New York-based firm, which raised its $400m debut fund in 2006, targets companies in the information technology services and software sector.