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The directive – which could drastically impact non-EU managers – is in final stages of negotiations, according to the EU's markets commissioner.
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The fund, which held a first close in July 2009, has already made one deal by way of a $30m cosmetic company investment.
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The global private equity firm has reportedly made a further $1.2bn from the sale of its remaining stake in the Chinese insurer, generating a 16x overall return on its 2004 investment in Shenzhen Development Bank.
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The India-focused firm is to exit the power infrastructure services and waste management company through an IPO, and is reportedly set to launch its second private equity fund later this year.
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The Australian private equity arm of Lazard has sold its stake in Dun & Bradstreet for A$233m. Meanwhile the firm is in talks with a cornerstone investor for its second fund, which is targeting A$400m.
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The Indian venture reportedly also plans to invest more than $1bn in rural India over the next 10 years.
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Daiwa Corporate Investment and Polaris Capital Group are selling the Japanese vegetable juice maker for a reported ¥35.9bn with another ¥28bn in debt.
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The emerging markets investor is in the market for it's second fund targeting deals in Cambodia and Laos. It succeeds the $34.1m Leopard Cambodia Fund which closed in January.
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Kohlberg Kravis Roberts has underlined its Indian ambitions with the hire of former Goldman Sachs India chief Heramb Hajarnavis.
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