Robert Venes

US-based investor Hellman & Friedman has paid an undisclosed sum to buy UK fund manager Gartmore Investment Management alongside the company’s senior fund management and executive team.

Associated British Ports, which opened its books to a Goldman Sachs-led consortium this week, has sold its US ports division to Lincolnshire Management.

The international law firm will relocate London partner David Patrick Eich and two associates for the launch of its Hong Kong operations within the next year.

The two private equity firms are reportedly considering forming a consortium to make a £1bn bid for Unilever’s frozen foods business, which includes brands such as Birds Eye and Iglo.

Dunedin Enterprise Investment Trust, a quoted investment trust vehicle of Dunedin Capital Partners, has committed £75m to the firm’s second buyout fund.

Private equity firms may become the partners of choice for Taiwanese companies seeking a way of upping their exposure to China.

London-listed investor 3i has generated £22m in proceeds on its 1994 investment in engineering company Tensar through a sale to Arcapita-owned US business Tensar Corporation.

UK investor Charterhouse Capital Partners has sold baby food products business Avent less than a year after acquiring the company from its founders and global private equity firm 3i.

Damon Buffini, managing partner of London-based private equity firm Permira, is at the centre of a campaign staged by UK trade union GMB against the firm’s ownership, along with CVC’s, of the Automobile Association.

Duke Street Capital’s Paris office has made its second hire in the last two months with the appointment of Vincent Dupuy as an investment manager.