James Taylor

The alternative investments arm of Deutsche Bank Asset Management has closed a $775 million secondaries fund, which will also be used for co-investment.

Orica, an Australia-listed explosive maker, has seen its share prices jump by more than twenty percent after rejecting a A$10 billion proposal from a private equity consortium.

Charlie McCreevy, the European Union’s internal market commissioner, has reiterated his support for the private equity industry, while conceding that the industry has a lot of work to do to convince sceptics that it is a force for good.

German media giant Bertelsmann has launched a new €1 billion buyout fund in conjunction with Citigroup and Morgan Stanley, to target “significant scale” deals. The first of these may already be in the pipeline.

Cerberus Capital Management, a US alternative asset manager, is set to back an $8.2 billion take-private of Affiliated Computer Services, a scandal-hit US IT outsourcing company that rejected a similar offer from a private equity consortium last year.

The UK Treasury Select Committee has outlined the terms of its own enquiry into the private equity industry, following a similar move by Sir David Walker’s working party.

3i has beaten heavyweight opposition to land its first deal in central and eastern Europe, and is aiming high after launching a new team dedicated to the region.

Weinberg Capital Partners, a French mid-market firm, has bought a majority stake in Via Location, a French vehicle rental company, for an undisclosed amount.

CVC Capital Partners is in talks with the board of Austrian steel group Boehler Uddeholm about a friendly takeover deal, which could involve taking the listed company private.

US buyout firm TA Associates has won the battle to back the £740 million ($1.3 billion) management buyout of Jupiter Asset Management from its German parent Commerzbank.