India-focused private equity player Lighthouse Fund closed its third round of fundraising, taking total assets under management to $500 million, said co-founder Mukund Krishnaswami.
William Louch - Private Equity News
A host of private-equity firms are competing with a trade buyer to vie for packaging business Coveris Rigid Ltd., a unit of Sun Capital Partners-backed packaging and coatings group Coveris Holdings SA.
Elizabeth Dexheimer - Bloomberg
Private-equity titans including Apollo Global Management LLC and Ares Management LP are poised to score a big win after lawmakers attached a measure to the must-pass $1.3 trillion spending bill that could expand the companies’ businesses.
Private equity funds are drawing funding levels not seen since the mid-2000s, as investors seek diversified returns. Asset growth remains the top strategic priority for all firms, according to a new study of sector CFOs; although talent attraction and retention remains a key priority for smaller firms.
Julie Segal - Institutional Investor
Facing low yields in the bond markets and high valuations in global equities, investors poured $804 billion into private investments globally in 2017. But future returns may be a bit lackluster, a new report from Moody's warns.
Chanyaporn Chanjaroen and Joyce Koh - Livemint
Singapore: Standard Chartered Plc, the UK bank with operations across Asia and Africa, is kicking off a sale process for its loss-making private equity unit, according to people with knowledge of the matter.
Thomas Mulier and Corinne Gretler - Bloomberg
The Breitling party used to be the most coveted invite at the Swiss watch industry’s annual fair in Basel. Guests were bused to a secret location to be entertained by dancers, fireworks and bands such as Kool & the Gang.
Ben Dummett - Private Equity News
Citigroup Inc. has hired a veteran banker of HSBC Holdings PLC and Deutsche Bank AG to co-head its coverage of private equity, sovereign-wealth funds, pension funds and family office clients in Europe, the Middle East and Africa, in an effort to take advantage of the record amounts of money this group has to invest.
Clara Denina, Ron Bousso - Reuters
LONDON - Endeavour Energy UK has launched the sale of its North Sea oil and gas assets at an ambitious price target of $500 million, according to two industry sources and a document seen by Reuters.
Liana B. Baker - Reuters
NEW YORK - Canadian privately held broadband provider Xplornet Communications Inc has hired two investment banks to explore a potential sale that could value the company at C$2 billion ($1.55 billion), including debt, according to sources familiar with the matter.