Jenna Gottlieb
Post-IPO - which is expected to be the largest PE-backed listing in three years - Bain and KKR stand to recoup 75% of their original investment, while still retaining an 80% stake in HCA.
The purchase of the pharma industry service provider would mark THL’s first deal of 2010, after being out-bid by Apollo for CKE Restaurants last month.
Responding to administrative burdens, the State of Wisconsin Investment Board is seeking a consultant to help the pension monitor its sprawling private equity portfolio.
The target for Fund VI was originally $10bn, which was cut to $7.5bn in 2008.
The Private Equity Council estimates private equity-backed companies channeled more than $1trn in new capital into 9,500 US companies during the past 10 years.
The $65bn pension is mulling a $100m commitment to Aquiline's second FIG fund, which will allocate 100% of deal fees back to the fund.
French and German foreign minsters have come out strongly against the ‘third country’ rules in the latest draft of the proposed EU regulations.
KKR will take a 49.9% stake in Spain-based Grupo Inaer, leaving Investindustrial and management with the remaining 50.1%.
The move marks Carlyle’s expansion into aviation investing as a line of business.
Erol Uzumeri, who oversees $10bn in private equity assets, is reportedly leaving the Canadian pension to launch his own investment firm.