David Rapp

In a new twist, representatives from Grupo Televisa, Mexico’s largest broadcasting company, met with the consortium of private equity firms that recently outbid the company in an auction to acquire the Spanish-language media giant Univision.

Private equity firm Behrman Capital announced that it has sold its portfolio company, Tandem Health Care, a healthcare service provider, to JER Partners and Formation Capital in a $620m transaction—its second major successful healthcare exit this quarter.

David Scopelliti, the former head of the State of Connecticut’s high-profile private equity programme, is moving to gatekeeper Pacific Corporate Group as a managing director.

Last month, the venture capital firm Oak Investment Partners announced that it had raised the single largest venture fund in history, totaling a staggering $2.56bn. It still holds the record, but the trend indicates it won’t for long—New Enterprise Associates (NEA), for example, just announced a VC fund of $2.5bn, a strong second place by any standard.

Travel and real-estate company Cendant announced plans to sell its travel distribution services subsidiary Travelport—which includes its Orbitz and CheapTickets businesses—to The Blackstone Group for about $4.3bn in cash.

Hedge fund Sloane Robinson is forging into private equity with a ₤12m deal to help commercialise intellectual property created at the Institute of Biomedical Engineering at Oxford University.