Entries tagged "Lehman Brothers Merchant Banking"
The investment fund of South African billionaire Johann Rupert, Reinet Investments, has scooped up two private equity funds from Lehman Brother Holdings Inc.'s Merchant Banking division. The two funds -- Lehman Brothers Merchant Banking Partners IV LP and Lehman Brothers Merchant Banking Partners IV (Europe) LP -- have already invested $800 million in portfolio companies and have commitments by limited partners to call up another $1.7 billion. Additionally, as part of the deal, Reinet agreed to inject as much as $230 million into the funds over a three-and-a-half-year period. ...
Bankrupt Lehman Brothers Holdings Inc. as expected is spinning out its private equity businesses backed by new investors, as The Deal's Vyvyan Tenorio predicted it would back in September after the firm filed for bankruptcy....
