Firms and Funds

The Riverside Co. has opened an office in Hong Kong. It will be led by new managing director Brian Bunker, who previously was president of Danaher’s (NYSE: DHR) China unit. PRESS RELEASE The Riverside Company has opened an office in Hong Kong dedicated to helping its global stable of 66 portfolio companies do more and […]

Advent International has acquired a majority stake in Quero-Quero, a home improvement retailer in Southern Brazil. No financial terms were disclosed. Quero-Quero also owns a credit card company named VerdeCard, which has issued over two million cards.   PRESS RELEASE   Advent International, the global private equity firm, today announced that it has acquired Quero-Quero, […]

HighView Investment Group has launched as an asset management firm that will acquire minority interests in independent alternative asset managers. Its initial capitalization is more than $600 million, including commitments from Evercore Partners, Stone Point Capital and HighView CEO Ralph Schlosstein (co-founder and former president of BlackRock). Read more…   PRESS RELEASE Evercore Partners Inc. […]

Silicon Valley Bank has formed a dedicated life science practice in the Pacific Northwest. It will be led by Rob Derry.   PRESS RELEASE   Silicon Valley Bank, the premier commercial bank for technology and life science companies, announced the formation of a dedicated life science practice for the Pacific Northwest today. The company also […]

SEOUL (Reuters) – Lone Star has submitted documents requested by South Korean authorities that could help the private equity house avoid sanctions including the forced sale of its shares in Korea Exchange Bank (KEB), already offered to HSBC. The Financial Services Commission (FSC) said on Tuesday that U.S.-based Lone Star LS.UL had submitted requested documents […]

MUMBAI (Reuters) – New York-based private equity firm Jina Ventures plans to raise up to $200 million by end-2008 to invest mainly in manufacturig firms in India, its managing partner told Reuters on Tuesday. “We are talking to investors from Switzerland, the U.S. and Japan and should be able to wrap up the fund by end-2008,” […]

SVG Advisers has closed an Asia-focused fund-of-funds with $200 million in capital commitments. It also announced that Khim Tan, formerly of Hermes Private Equity, is joining the firm as head of Asia Fund Investing. Press Release SVG Advisers (SVGA), the private equity fund management and advisory business of SVG Capital, is pleased to announce that it […]

Stonebridge Partners has closed its fourth fund with $325 million in capital commitments, although it may increase the size at a later date, according to LBO Wire. The White Plains, N.Y.-based firm focuses on management buyouts of middle market companies. www.stonebridgepartners.com

Sept 8 (Reuters) – Private equity firm TPG [TPG.UL] will spend all of the $30 billion in new funds raised this year on a broad range of investments, from Asian assets to distressed banks and corporate takeovers, the Wall Street Journal said. TPG is putting the new capital to work across three funds — $19.8 […]

XIAMEN, China, Sept 8 (Reuters) – Prax Capital, a China-focused U.S. private equity firm, plans to raise $500 million to $600 million this year for a fund to invest in high-growth firms, executive director Li Detai said on Monday. Li was speaking on the sidelines of a conference in the southeast Chinese city of Xiamen. […]