Montreal-based pension manager La Caisse de dépôt et placement du Québec has acquired a minority stake in the Port of Brisbane in Australia's Queensland. The seller was New York-based private equity firm Global Infrastructure Partners. No financial terms were disclosed for the transaction, which is expected to close by December 18, 2013. The Port of Brisbane is Australia's third-largest container port.
British media and education group Pearson said on Friday it had sold its M&A-focused Mergermarket news service for 382 million pounds ($624 million) to funds advised by private equity group BC Partners.
A new investor is likely to buy a minority stake in Italian fashion house Versace by Christmas, Chairman and core shareholder Santo Versace said on Thursday.
Jeweller John Hardy is attracting bid interest from a string of U.S. private equity firms, sources told Reuters, the latest potential deal in a sector outpacing the broader luxury industry thanks in part to financially independent Asian women.
Odyssey Investment Partners has completed the sale of its portfolio company One Call Care Management to Apax Partners. Financial terms of the transaction were not disclosed.
Ardian and AENA have completed the acquisition of the London Luton Airport concession from TBI, itself a joint venture 90% owned by Abertis Infraestructuras S.A, and 10% by AENA. The LLA concession, granted by Luton Borough Council, continues until 2031.
VTB Capital has sold its stake in Luxoft Holding in a secondary public offering on the New York Stock Exchange. The offering was more than 3 times oversubscribed and attracted high quality institutional demand from US and European investors.
KKR has agreed to invest about $200 million in Indian drugmaker Gland Pharma Ltd, writes Reuters. Under the deal, KKR will acquire a minority holding in Gland Pharma, including the stake held by private equity fund Evolvence India Life Science Fund. The size of the stake was not disclosed.
PSP Investments, one of Canada’s largest pension investment managers, sold a roughly US$1.5 billion portfolio of private equity holdings around the end of the third quarter, according to three people with knowledge of the deal, sister publication peHUB reported. The portfolio included holdings in large buyout funds, including Apax Partners, according to one source.
Shore Capital Partners may seek to raise an institutional-based private equity fund in the next few years, Managing Partner Justin Ishbia told sister news service peHUB.