Suzanne Weinstock
The global financial services firm is considering funds focused on Latin America, China and India as follow-ons to its debut private equity fund targeting the Middle East and North Africa, launched this week. The private equity division is an extension of UBS' infrastructure group.
The financial services-focused buyout shop has hired Barrett Ellman Stoddard Capital Partners executive Mark Graf as a member of its growing investment team. Last month, the firm hired former E*TRADE Financial chief executive Mitchell Caplan.
Expect private equity firms in Latin America to target businesses catering to the base of the socioeconomic pyramid, writes Suzanne Weinstock.
Novolidetsk Steel has terminated its agreement to purchase steel pipe maker and Carlyle portfolio company John Maneely Company. Carlyle filed suit against Novolidetsk on 15 October and continues to pursue legal action.
The firm has closed a venture only fund after having a hybrid private equity and venture model in place since 1991.
The Atlanta, Georgia-based financial services firm has ceased fundraising for its debut venture fund, launched in 2007, due to market volatility.
The 'homeland security' private equity firm has led a consortium spanning three continents to launch Vital Renewable Energy.
The firm’s private equity funds grew AUM and management fee income, but booked pre-tax distributable earning of $18m, down from $82m in the same period last year.
According to S&P, this year private equity firms have supplied 46 percent of portfolio companies breaching covenants with equity injections, up from a 20 percent response rate in 2006.
The UK buyout firm will exit its majority stake in acrylics-company Lucite after nearly a decade.