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Private Equity News

Access to superior private equity news has tremendous benefits for professionals working on both sides of the market. With first notice of buyouts, analysis on private equity trends, and updates on where deals are getting done, you can make more informed decisions and move more quickly to take advantage of opportunities. And with accurate contact information and profiles for LPs and their advisors, you can spend your time crafting your sales messaging rather than looking for names and phone numbers. When you need timely access to private equity news, turn to the source of business news and data available on the internet.

Advantages of Private Equity News

Whether you’re focused on fundraising, deals, debt, advisory services or you are an investor, there are various websites today that have and publish the latest private equity news will keep you abreast of the news and trends important to you.

Some websites also provides in-depth features, roundtables, reports and surveys on key topics and regional activity. As well as breaking and developing stories, the journalists examine the industry’s hot topics in daily comment pieces. Subscribers can receive a daily Top Stories e-mail to keep fully up-to-date to the latest private equity news and updates. To research the market, subscribers can also access a powerful searchable archive of private equity stories.

Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity. Capital for private equity is raised from retail and institutional investors, and can be used to fund new technologies, expand working capital within an owned company, make acquisitions, or to strengthen a balance sheet.

In one of the latest private equity news, Salamanca Capital Investments has bought Barcelona’s marina, home to around 400 boats and at the heart of the Spanish coastal city, for €30m. According to this private equity news, The UK-headquartered private equity firm took the marina from FCC, one of Spain’s largest construction companies, as the latter sets about disposing of a number of non-core assets. This private equity news says that Salamanca aims to transform the port to ape that of Monaco’s, with plans for a ‘super yacht base’ that will play host to some of the worlds largest privately owned yachts.

In another private equity news, Carlyle has reached the first close of its maiden Yuan-denominated fund, having raised 2.4bn Yuan ($354.2m) of its 5bn Yuan ($738m) target, and will now start putting the capital to work.

The fund closing - made possible with commitments from Beijing State-owned Capital Operation (BSCOMC), the Management Centre and Beijing Equity Investment Development Fund and other state-owned enterprises – coincides with a new investment management joint venture, Carlyle Investment Management.

The private equity news further states that the buy-out shop owns 80% of the new management venture, which will advise the Yuan fund and the BSCOMC the remainder.

Carlyle competitor Blackstone is said to have reached the halfway mark with its own debut 5bn Yuan fund, as private equity’s big names continue to train their eyes on China, the private equity news further states.

Yet important private equity news states that the US private equity firm Colony Capital, alongside construction industry magnate Ronald Tutor, has picked up Miramax from owner Disney for around $660m.

The private equity news says that the troubled film studio, which had its central operations merged with Disney earlier this year, is thought to have initially attracted interest from investor brothers Alec and Tom Gores, who prepared a bid through private equity firms Platinum Equity and The Gores Group, while ousted Miramax founders Harvey and Bob Weinstein had tried to regain control of the company with the aid of billionaire investor Ron Burkle.

Talking further about more private equity news worldwide, Blackstone, the US buy-out house that boasts more that $100bn under management, has secured a $200m commitment from the $65bn Oregon Public Employees Retirement Fund for its sixth flagship buy-out vehicle after compromising on fees, according to Bloomberg.

According to this private equity news report, the commitment is the pension fund’s first to Blackstone and comes as the private equity major is dotting the i’s and crossing the t’s on Blackstone Capital Partners VI, having collected an anticipated $13.5bn from LPs.

The private equity news further says that Blackstone’s previous fund, a $21.7bn buy-out vehicle raised in 2007, is down 2% on a net basis including fees. In the second quarter of the year Blackstone’s profit rose 13%, lifted primarily by its real estate portfolio.

In yet another latest private equity news update, Palamon Capital Partners have streamlined their payment processing and payment fraud prevention business, Retail Decisions, offloading its Australian division via a sale to New York Stock Exchange-listed trade buyer Wright Express, delivering a return of AUS$353m ($319m).

This private equity news states that the London-based mid-market player initially bought Retail Decisions for £200m in its first take-private deal, in December 2006. Co-invested in the business are Morgan Stanley Alternative Investment Partners and AlpInvest. Now the consortium has made a partial exit by selling ReD's Australian assets, the proceeds of which will be used to pay down the company’s debt and provide distributions to investors.

This important private equity news further says that the sale price equals the cost of the private equity syndicate’s entry into the investment and the trio will retain their controlling interest in ReD, which will continue to serve markets in Europe, the Americas, Asia-Pacific and South Africa.

Further adding to this private equity news update, the payment-processing sector is garnering interest from private equity currently, with Advent International and Bain Capital said to have been granted exclusivity in Royal Bank of Scotland’s auction for its Global Merchants Services unit.

The division - whose biggest asset is RBS Worldpay, a credit card payment-processing business, is being dumped as part of RBS’s disposal programme. The bank, majority owned by the UK government, is being made to sell non-core assets to shore up its balance sheet following its bail-out, the private equity news adds.