Graham Winfrey

Citi banker David Wormsley was on the witness stand Wednesday, where he denied all allegations of misleading Guy Hands into overpaying for EMI in 2007.

The firm has agreed to acquire Syniverse Technologies, a provider of mobile phone networks, and will pay a 35% premium over Syniverse’s recent average closing price. The acquisition is Carlyle’s second multi-billion tech take-private this week.

Maria Boyazny, who managed $4.5bn in assets at Siguler Guff, has launched MB Global Partners in partnership with G2 Investment Group.

The Euronext-listed fund of funds saw distributions of $100m in the third quarter and expects to continue collecting more in proceeds from GP exits than it pays out in capital calls ‘over the medium term’.

Aggregate fund values were written up an average of .65% in the second quarter, the fifth consecutive quarter of increasing fund valuations, according to State Street.

Carlyle co-founder David Rubenstein joined Citadel Capital’s founding members to announce the launch at an event in Cairo.

Terra Firma head Guy Hands said Friday he ignored information the Financial Times had that Cerberus had dropped out of the EMI auction because the newspaper ‘gets things wrong on a completely consistent basis’.

Blackstone’s sixth buyout fund garnered a $300m commitment from the pension giant.

Wellspring Capital Partners’ fifth buyout fund is targeting $1.3bn for US mid-market investments and is expected to close this month.

The firm is waiting for a few last limited partners to finalise commitments to its sixth buyout fund, which is expected to close on roughly $13.5bn before the end of the year.