David Snow
New York-based SPG Partners has hired Julian Twombly, a former SPX executive, to identify and run industrial companies.
The New York-based private equity firm has added Adam Aron, a ten-year veteran of former Apollo portfolio company Vail Resorts, to its roster as a senior operating partner.
Zurich Financial has launched a major new alternative investment division based in New York and has hired James Kester away from his co-CEO role at Allianz Private Equity to oversee private equity for the rival financial services group. The move also marks a continued dissolution of Zurich-affiliated Capital Z.
BPE Investimentos has realised a substantial return after a nearly decade-long hold of a Brazilian sucro-chemical company.
Harry Clark, a veteran lobbyist and communications counselor to industry and government officials, is helping America’s biggest buyout firms establish an advocacy group for the private equity industry.
The two private equity firms today announced an agreement to buy ‘spatial-information’ software company Intergraph in a $1.3bn going-private transaction. Intergraph’s CEO is seeking ‘greater flexibility’ as a private company.
Investors in funds managed by Ritchie Capital have expressed concern over the firm’s use of ‘side pocket’ accounts for less-liquid investments. Side pockets are used by many hedge funds for private equity investing.
The US private equity firm has been approved to lead a group in buying WestLB’s 24% stake in HSH Nordbank for €1.25bn. The private equity group will share ownership of the Landesbank with two German municipalities.
An oil and gas exploration platform funded by The Carlyle Group and Carlyle affiliate Riverstone Holdings has announced a $340m deal to buy dozens of on- and offshore oil fields.
Apax Partners has spent $190m on a minority stake in Ronald Lauder’s Central European broadcasting company, which has a turbulent history.