Apollo Management is reportedly in a dispute over the valuation of the firm in its attempt to sell a 10 percent stake to the Abu Dhabi Investment Authority.
European private equity firm CVC Capital Partners has agreed to buy US-based Samsonite Corporation, a designer and manufacturer of luggage. The deal is part of a drive to increase CVC’s US presence.
Recently-listed private equity stocks are under-performing on both sides of the Atlantic, casting doubt on the future ability of buyout firms to tap the public markets for additional capital.
Publisher Ziff Davis is casting off a $150 million subsidiary in the hopes of recovering its financial equilibrium.
Two powerful committee chairmen are backing a bill intended to scrap the low, 15 percent capital-gains tax treatment of GP carried interest in the US. The member behind the bill says the current tax regime on carry is unfair.
The president of the Private Equity Council, Doug Lowenstein, told attendees at a recent PEI Media investor relations conference how the US lobbying group intends to support and demystify the industry.
New York-based GSC Group, an alternative asset management firm that pursues credit-driven strategies, has raised €300 million for its latest defensive collateralised debt obligation fund.
Private equity infrastructure specialist Global Infrastructure Partners has opened an office in Hong Kong and appointed a new partner to lead its Asian investment activities.
Permira has made an offer for the entire share capital of part-listed company Valentino Fashion Group and its subsidiary, Hugo Boss. Last month, the UK firm took a minority stake in the €2.6 billion fashion company.
UK buyout firm Permira is on the road to acquiring Valentino as Carlyle pulls out of the bidding.
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