Christopher Witkowsky
Lehman's private equity real estate arm is not part of the $2.1bn deal by Bain Capital and Hellman & Friedman to acquire the investment bank's prized asset management business, Neuberger Berman. Lehman's private equity funds of funds and secondaries units will be sold.
New York-based Praesidian’s investment in Epic Production Technologies is the firm's second recent deal this month as demand for mezzanine capital rises.
The transaction will not include Lehman Brothers' major private equity businesses like merchant banking, real estate, venture capital and master limited partnerships. The deal will include some of Lehman's private equity fund of funds and the firm's debut infrastructure fund, which has been targeting $1bn.
The New York-based buyout firm has purchased L&P Plastics, bolstering its manufacturing portfolio.
The Boston-based firm is targeting ‘in excess of $100m’, which will focus on companies in the upper Midwest region of the US. The firm's president said the upper Midwest region of the US is the central location of the agriculture industry in the country.
The consortium, which includes private equity firms The Halifax Group and CNF Investments, invested $10m of equity and converted $10m of bridge loans as part of the deal.
Any potential deal would preserve existing industrial relationships between Daimler and Chrysler, according to the New York-based private equity firm.
Thomas Gahan will take over the media and telecom-focused firm’s $1bn debt investment programme, which is exploring investment opportunities in the stagnant credit markets.
The Chicago-based firm, which manages two separate accounts on behalf of a single LP, is now diversifying its limited partner base.
Singapore’s largest sovereign fund has increased its investments in private equity and real estate in recent years – a trend likely to continue owing to the turmoil in the financial markets. The change was revealed as part of its first performance report, which also shed rare light into the GIC’s structure.