Toby Lewis
The former president of Scandinavian exchange OMX is joining the quoted Finnish alternative assets manager to head its planned fund for investing in listed stocks.
The French bank has withdrawn all claims against Terra Firma, the buyout firm run by Guy Hands. Details of the settlement were not revealed.
The European buyout firm is becoming a junior partner in the merger of the Swedish and Danish postal services alongside their respective governments. It said it is prepared to hold its investment for another five years or more.
Andrew Tisdale has joined media specialist Providence Equity Partners having occupied many of the key positions in the communications sector at the investment bank.
The firm has invested or committed most of the funds it raised in its initial public offering in April last year, ahead of its two year target to invest the money.
The European mid-market buyout firm has promoted a number of staff on the back of an active 2007 and as it hits the final straight in its €4 billion fundraising effort.
The UK mid-market firm has made a three times return in six and a half years, selling Summit Medical to The Riverside Company, after a refinancing in 2005.
Mark Wolfson, the co-founder of private equity firm Oak Hill, believes the prospects for the asset class generally are strong, and worries about 2006 and 2007 funds have been overdone.
The UK insurer said the US buyout firm’s bid undervalues the company despite a 22 percent premium to the share price.
The global buyout firm has closed its KKR 2006 fund slightly shy of its $18 billion hard cap.