James Taylor

General Atlantic portfolio company Xchanging, an IT outsourcing business, has confirmed plans for a London listing that could value it at £500 million.

TPG and Macquarie’s troubled bid to take Australian airline Qantas private has taken another twist, after news emerged that UBS has acquired a blocking stake.

Industri Kapital, a Nordic buyout firm that is preparing to hit the fundraising trail, has taken advantage of the red-hot market for European housebuilders by selling Swedish-based Prevesta for €204 million. The sale will generate a return of more than ten times IK’s initial investment.

CVC Capital Partners has realised most of its investment in German metering business ista, after completing a €2.4 billion secondary sale to UK buyout firm Charterhouse Capital Partners.

Apax Partners has become the second buyout firm to invest in Trader Media, a specialist publishing arm of the Guardian Media Group. It has bought a 49.9 percent stake, in a deal that values the company at £1.35 billion.

August Equity and Rutland Partners are relinquishing control of their listed trusts to New Star Asset Management, as the UK-based group looks to invest in private equity through a new fund of funds vehicle.

The listed Paris-based private equity group has wrapped up €500m in commitments for its first vehicle for third-party investors.

Permira and Apax Partners have reportedly decided to sell rather than float their £2 billion-rated UK fashion retailer New Look, after the company’s management expressed a preference to remain privately-owned.

The consortium trying to buy Australian airline Qantas, which includes US buyout firm TPG, has seen its $11.1bn rejected by a major shareholder. The deal could now collapse altogether.

Warburg Pincus, one of the most experienced Asian private equity investors, has strengthened its regional team with the hire of ex-McKinsey director Leo Puri.