Private equity correspondent
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Oct 8, 2012

Terra Firma plans up to $5 billion energy fund: source

LONDON (Reuters) – Terra Firma, the private equity firm led by high-profile dealmaker Guy Hands, is planning a multi-billion dollar fund with a Chinese bank to invest in renewable energy, underscoring its faith in green power despite waning enthusiasm in some markets.

The partners are expected to start raising between $3 and $5 billion in the next few months, with China Development Bank to put an as-yet-undefined amount into the fund, a person familiar with the situation said.

Oct 8, 2012

Terra Firma plans up to $5 bln energy fund-source

LONDON, Oct 8 (Reuters) – Terra Firma, the private
equity firm led by high-profile dealmaker Guy Hands, is planning
a multi-billion dollar fund with a Chinese bank to invest in
renewable energy, underscoring its faith in green power despite
waning enthusiasm in some markets.

The partners are expected to start raising between $3 and $5
billion in the next few months, with China Development Bank
to put an as-yet-undefined amount into the fund, a
person familiar with the situation said.

Oct 8, 2012

Terra Firma plans up to $5 billion renewable energy fund: source

LONDON (Reuters) – Terra Firma, the private equity group led by high-profile dealmaker Guy Hands, is planning a fund of up to $5 billion with China Development Bank for investments in renewable energy, a person familiar with the situation said.

The partners are expected to start raising between $3 and $5 billion in the next few months, with the Chinese bank to put an as-yet-undefined amount into the fund, the person added.

Oct 8, 2012

Terra Firma plans up to $5 bln renewable energy fund-source

LONDON, Oct 8 (Reuters) – Terra Firma, the private
equity group led by high-profile dealmaker Guy Hands, is
planning a fund of up to $5 billion with China Development Bank
for investments in renewable energy, a person familiar
with the situation said.

The partners are expected to start raising between $3 and $5
billion in the next few months, with the Chinese bank to put an
as-yet-undefined amount into the fund, the person added.

Oct 3, 2012

Blackstone joins with Anacap for bank deals -source

LONDON, Oct 3 (Reuters) – Blackstone has set up a
joint venture with mid-sized rival Anacap to hunt for private
equity deals in Europe’s embattled banking sector, a person
familiar with the situation said.

The venture between the New York-listed private equity
powerhouse and financial services specialist Anacap will target
banking and insurance deals in areas including consumer and
corporate lending.

Oct 1, 2012

Acteon sale to KKR is fillip for private equity

LONDON, Oct 1 (Reuters) – Private equity group First Reserve
has sold UK offshore oil and gas services group Acteon to rival
KKR, one of two European deals on Monday to fan hopes
that private equity firms can still make profitable sales.

The other deal was for Ixetic, a manufacturer of hydraulic
and vacuum pumps in automobiles. Motion Equity Partners -
formerly known as Cognetas – said that it had sold Ixetic to
auto parts group Magna International Inc for 308 million
euros ($396 million).

Sep 20, 2012

CVC Australia boss quits as firm wrestles Nine debt

HONG KONG/LONDON (Reuters) – The head of CVC Capital Partners’ CVC.UL Australian unit has resigned, as the company stares at losses of up to $1.8 billion (1.1 billion pounds) from its Nine Entertainment buy, dealing a blow to the private equity firm’s plans to bed down with the world’s elite.

The departure of Adrian MacKenzie, a key player in the A$5.3 billion debt-funded acquisition of Nine and 17-year veteran at CVC, means the television network could fall into the hands of its lenders while wiping out CVC’s equity.

Sep 18, 2012

CVC sells stake to powerful investors: source

By Simon Meads

(Reuters) – Private equity house CVC Capital Partners CVC.UL has sold a 10 percent stake of the firm to a group of investors as it looks to strengthen ties with its influential backers, a person familiar with the situation said.

CVC, one of the world’s largest private equity groups with investments in Formula One and theme parks group Merlin Entertainment, sold the stake and informed all its investors of the deal in June, the person said.

Sep 18, 2012

Scandlines owners mull 1.4 bln euro Baltic ferries sale -sources

LONDON/FRANKFURT, Sept 18 (Reuters) – Private equity groups
3i and Allianz Capital Partners are considering the sale of
Scandlines, hoping for up to 1.4 billion euros ($1.8 billion)
for a ferry group that carries 12 million passengers around the
Baltic, people familiar with the situation said.

London-listed 3i and the private equity arm of
German insurer Allianz, which each own 50 percent of
the company, have invited banks to pitch for the role of selling
Scandlines next year, five people said.

Sep 7, 2012

Robeco may fetch more than 2 bln euros in sale-sources

LONDON/NEW YORK, Sept 7 (Reuters) – Rabobank’s asset
management arm, Robeco, is expected to fetch more than 2 billion
euros ($2.6 billion), as a handful of private equity firms and
asset managers line up for the next round of bids due later this
month, according to several people familiar with the matter.

New York-based asset manager AMG Inc and Australian
bank Macquarie Group Ltd, as well as buyout firms
Advent International, CVC Capital Partners and Permira Advisers
LLP, are among the parties evaluating offers, the sources said
on Friday.