VENTURE CAPITAL POST

Because of its worsening economic climate, private equity and venture capital investors have reduced fundraising for Brazil by more than 70% in the past two years, the Financial Times reported.

Jeweller John Hardy is attracting bid interest from a string of U.S. private equity firms, sources close to the matter said, the latest potential deal in a sector outpacing the broader luxury industry thanks in part to financially independent Asian women.

3i pays EUR165 million for the 49% stake of Allianz Capital Partners in Scandlines.

Private equity firm 3i made an offer for the stake it does not yet own in Scandlines.

Interesting investment opportunities are picking up, according to 3i Chief Executive.

Polaris Private Equity acquired HTC Sweden.

3i and Allianz Capital Partners considered putting the auction for Scandlines on hold after failing to agree on a price with the remaining bidder.

Private equity groups 3i and Allianz Capital Partners are considering the sale of Scandlines.

3i Group on Thursday announced a joint venture with U.S. fund manager WCAS Fraser Sullivan Investment Management to build a global debt management business.

Private equity group 3i said it is making progress with cost-cutting measures as it moves to a new reporting timetable it hopes will make it more transparent and win back shareholders dissatisfied at years of poor performance.

News and developments in Asia private equity from Reuters News for the week ending June 29.

Private equity firm 3i is axing more than a third of its staff and closing offices from Barcelona to Shanghai.

Speakers at the conference said renewable energy projects were too bound by red tape to be an attractive destination for the huge sums which private equity firms allocate.