Deals

Firms including HarbourVest Partners and Pantheon were looking at the deal which involved Olympus's 2007-vintage $750m fund.

The firm’s head of Turkey says macro issues are not affecting investment pace, and expects to close 4-5 investments in the next two years.

For self-service kiosk provider Outerwall, Apollo is paying less than the average earnings multiple it has been paying for assets purchased using capital from its Fund VIII.

The Washington, DC-based buyout firm, which focuses on mid-market contractors to the US government, is looking to grow in size: it is targeting $350m for its second fund, up from the $250m target for its debut fund.

The buyout firm, which invests in food and beverage companies, has also closed on its first debt vehicle, which will provide a source of subordinated debt for its fourth fund.

The fast-growing venture capital firm co-founded by Joshua Kushner – whose brother Jared is Donald J. Trump’s son-in-law – raised almost double the $400m it secured in 2014, and will now be managing almost $1.5 billion in assets.

Italian buyout house Charme Capital Partners has acquired a genetic testing company from its third fund, which has exceeded its €500m target.

More aggressive financing structures, such as payment-in-kind or PIK notes, may be off the table, but deals are ongoing, experts say.

Healthcare and M&A specialist Richard Zall, a partner at New York-based law firm Proskauer Rose, says PE fund managers need to develop networks of advisers with specialised knowledge if they want to outmanoeuvre strategic buyers.

The Colombian firm’s third fund is expected to hold a first close in August amid regulatory changes that have freed up more investment for alternative assets.