Private equity player Lighthouse fund raises $200 million

Business standard

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.
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Buyout Firms, Trade Vie for Coveris Packaging Business

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.
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Apollo to Ares Get a Surprise Win in $1.3 Trillion Spending Bill

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.
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Private equity asset growth top priority for 2018

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.
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Investors Piled Into Private Funds Last Year — and They May Regret It

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.
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Standard Chartered is said to start sale process for private equity unit

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.
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Private equity drives value of Jersey fundsBreitling Puts Go-Go Days Behind as Watchmakers Buckle Down

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.
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Citi Hires New EMEA Alternative Assets Co-Chief

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.
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Endeavour Energy kicks off North Sea assets sale

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.
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Canadian broadband provider Xplornet explores sale

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.
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