Start-up Mansbridge Capital Management has set out to round up $100 million for a debut fund of funds earmarked for smaller buyout partnerships of no more than $1 billion in size. It has secured $30 million so far. “History has shown that the smaller buyouts have consistently outperformed the larger buyouts,” said Lance Mansbridge, one […]
The Washington State Investment Board yesterday gave preliminary approval for a $500 million commitment to KKR’s first fund focused exclusively on Asian buyouts. WSIB has committed $4.1 billion to KKR since 1982, producing $6.2 billion in realized proceeds and $4.4 billion in profits. The overall relationship’s IRR is 20.2 percent.
Buyer: Advent International Target: Mr. Clean Platform: Atmosfera Headquarters: Brazil Price: $23 million Advent International is trying to clean up in the laundry business. One of its portfolio companies in Brazil, Atmosfera, just vastly expanded its textile cleaning business by acquiring Mr. Clean—not the famous American detergent emblazoned with the bald-headed cleaning genie, but Brazil’s […]
The Teacher Retirement System of Texas last week was scheduled to discuss a gubernatorial request that it allocate up to $600 million for direct venture capital investments into Texas-based companies and related technology endeavors. If approved, it would rank as the largest venture capital fund based in Texas. TRS currently makes all of its venture […]
UK technology development company Cambridge Consultants (CCL) and venture capital firm Esprit Capital Partners have joined forces and launched a €15m VC fund. The money will be used exclusively to fund company creations four years after it abandoned the idea.
Mercapital, the Madrid-based private equity firm, has raised €550m for its third buyout fund, €50m over its original target.
London-based mid-market firms Duke Street Capital and Englefield Capital have sold their combined stake in UK- based auto insurers Equity Insurance Group to Insurance Australia Group (IAG), for €845m. Significant investment in Equity Insurance Brokers saw the business expand its coverage in the UK by opening up an extra 14 stores.
UK food supplier sold to European Capital
Mid-market firm raises €52m