Matt Levin
The Los Angeles-based firm has tapped Levine Leichtman’s Todd Stemler and CapitalSource’s Gavin Bates to help manage its mezzanine unit’s $500m fourth fund.
Paris-based specialty pharmaceutical company SpePharm will use €10m to fund the acquisition of a Proctor & Gamble product.
Venture capital investment in China reached its highest level in five years at $1.4bn, while India recorded its second highest quarterly total at $238m. Chinese information technology and Indian advertising proved the most appealing sectors, according to a Dow Jones study.
Some US healthcare-focused private equity investors are reevaluating their portfolios and approaching investment targets with extra caution amid an uncertain regulatory environment. A change in administrations come November could hamper some niche healthcare investment sectors.
The Australian infrastructure pioneer has unveiled a major management overhaul as its share price continues to decline. Firm founder Jim Babcock and long-time chief executive Phil Green will be replaced by in-house executives.
The private equity firms have purchased publicly listed Industrial Rubber Products, a manufacturer of protective coatings for pipelines, for $16.50 per share.
The $23bn pension has left its young private equity program unchanged while bumping its real estate allocation from 2 percent to 8 percent.
The JPMorgan Partners spinout has appointed Quiznos' chief executive Greg Brenneman, best known for his private equity sponsored restructurings of Continental Airlines and Burger King, as chairman and investment committee member. The firm says more operation-focused hires will follow.
GS Capital Partners has provided $133m in cash equity to First Marblehead after buying $60m in preferred stock last year.
US defense contractor General Dynamics has acquired Zurich-based Jet Aviation, just three years after Permira purchased a majority stake in the family-owned business for an estimated €515m to €644m. The private aviation market has attracted numerous private equity players including TPG and Lehman Brothers.