Matt Levin
The Canadian telecom giant said it received no alternative offer from its private equity suitors over its record $40bn take-private. Ontario Teachers' and Providence Equity Partners were reportedly contemplating minority stakes.
The Boston-based fund of funds manager will invest a separate account for the $27.9bn Alaska Permanent Fund. In a separate action, the oil fund approved a minimum $200m commitment to its gatekeepers for each of the next five years.
The $29.3bn Pennsylvania State Employees’ Retirement System has put off approving commitments to two private equity and two venture funds, including Hellman & Friedman’s latest vehicle. The pension reported an investment return of -14.4% through the third quarter.
The captive venture capital wing has hired Jeff Schrock as a Seattle-based investment manager focused on the 'digital home' sector. The former Yahoo! vice president spent less than a year at Monster Venture Partners.
Chris Rolling and Ashley Unwin will lose their jobs following a cash infusion at the troubled music group.
The pan-African specialist will take board seats on Finagestion, a water and power supplier for Côte d’Ivoire and Senegal.
Chicago Mayor Richard Daley has approved the bid from the investment bank’s infrastructure group to operate the city’s 36,000 metered parking spaces. The bid, if given approval by city council, would be the first long-term privatisation of a major metropolitan parking system in the US.
The Australian investment firm is planning to shed its real estate and operating leasing units after announcing it would retain them this summer. The struggling publicly listed firm will slash its workforce by more than 800 in an effort to repay A$3.1bn in debt.
The San Francisco-based firm, launched by CalPERS last year, has hired former Goldman Sachs healthcare specialist Christopher McFadden to head its first East Coast presence. Health Evolution has already invested and exited one portfolio company with a markup 'north of 25%'.
The acquisition of waste management group EnviroServ is reportedly the largest public-to-private transaction in South Africa this year.