News & Analysis

DIF, a Dutch infrastructure fund manager, is buying the additional stake in the public private partnership joint venture with Netherlands-based BAM Group through its €150m first fund, DIF PPP.

Moelis Capital Partners also participated in financing the launch of mid-market healthcare industry lender MidCap Financial, which is led by the former Merrill Lynch Capital Healthcare Finance team.

The UK's plan to raise taxes for the highest earners may cause investors to seek more favourable tax climates, such as Switzerland, Ireland and the Middle East, says BVCA chief executive Simon Walker. The UK's plans would see the highest earners pay almost 60 percent of their income in taxes.

The New York-based mid-market buyout firm has acquired two hospital laundry companies to form Healthcare Laundry Systems in a ‘conservatively financed transaction’ that was more than a year in the making.

Sanjay Nayar, ex-CEO of Citi's Asian operations will be based in the firm's Mumbai office, which is opening in January. The firm has also hired former Coke executive Ludo Bammens as director of European corporate affairs.

The world's largest private manager of infrastructure assets also saw its fiscal 2009 half-year profit plummet 43% to A$604m. Its unlisted funds continued to post strong base and performance fees, while listed funds did not.

Private equity, real estate and infrastructure are the asset classes most likely to see increased allocations from LPs, according to a trio of recent studies.

Paolo Cantarella joins the 50-some operating partners who advise the global midmarket firm. The former Fiat chief currently is a non-executive director of Italian private equity real estate firm Inpartner and Italian utilities firm Iride.

Former chiefs of Blockbuster, PepsiCo and Pizza Hut will manage the fund for the Texas mid-market firm.

The Euronext-traded fund of funds expects that half of its commitments in the next 12 months will be in the secondary market.