Cerberus seeks $3 billion for flagship private equity fund

Cerberus seeks $3 billion for flagship private equity fund

Cerberus Capital Management LP is seeking $3 billion for its latest flagship fund, which will pursue investments ranging from private equity to the debt of companies in financial distress, people familiar with the matter said on Monday.  The New York-based firm, whose...
Cinven, GIC Agree to Buy Willis Towers’s Insurance Broker Miller

Cinven, GIC Agree to Buy Willis Towers’s Insurance Broker Miller

Cinven has agreed to buy Miller, the specialist insurance broker owned by Willis Towers Watson Plc, in its first deal from a new fund dedicated to financial services investments. The private equity firm is teaming up with Singapore’s sovereign wealth fund GIC Pte to...
EQT Said to Weigh IPO of $5 Billion Pest Control Firm Anticimex

EQT Said to Weigh IPO of $5 Billion Pest Control Firm Anticimex

EQT AB, the European private equity powerhouse, is considering an initial public offering of pest control business Anticimex, people familiar with the matter said. The buyout firm is in talks with advisers about a potential listing of Stockholm-based Anticimex as soon...
UK taxpayers pour £1bn into private capital investments via BPC

UK taxpayers pour £1bn into private capital investments via BPC

British Patient Capital, a government-backed investment vehicle, has ploughed more than £1bn into the UK tech sector, primarily by stumping up funds for private venture capital firms to invest on its behalf. The company’s annual results for the 12 months to 31 March...