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PSG readies to increase stakes in its subsidiaries

PSG was set to increase stakes in three of its subsidiaries as part of its growth strategy, Jannie Mouton, the executive chairman, said last week.
Mouton said PSG would raise its shareholding in Zeder, an investment company focusing on food processing; Paladin, PSG’s preferred private equity investment company; and PSG Konsult, a network of professional financial [...]

Pension funds eye $200 stake in private equity

Mexico’s pension funds will take a $200 million stake in a fund that invests in private equity, people involved in the deal said, as the risk-shy funds search for bigger returns.
Roughly half of the country’s private pension funds, known as Afores, will be involved in the transaction that should be listed on the Mexican stock [...]

South Africa to increase regulation of PE

Africa’s largest private equity market plans to overhaul its financial regulatory system and expand its oversight of private equity activity.
South African Minister of Finance Pravin Gordhan said Wednesday the country plans to reform its financial regulatory system and expand oversight of “hedge funds, private equity and credit ratings agencies”.
He made the remarks during a speech presenting President [...]

Actis invests US$50 million in Integreon

Actis announced today that it has invested US$50 million to acquire a substantial minority stake in Integreon, the leading global provider of legal support, research and business services to law firms, financial institutions and corporations.
As part of this investment, JM Trivedi, Actis’s Head of South Asia, and Gautham Radhakrishnan, a Director at Actis, will join [...]

Venture capitalists buy into Twitter ‘for 100m’

Twitter, the social networking site used by everyone from Oprah Winfrey to British royalty, was said at the weekend to have received venture financing that values the company at about 1bn.
Twitter received 100m in the deal, according to two people at the weekend who wanted to remain anonymous because terms of the agreement are private. [...]

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On the Real Effects of Private Equity Investment Evidence from New Business Creation by Alexander

Using a comprehensive database of European firms, we study how private equity affects the rate of firm entry. We find that private equity investment benefits new business incorporation, especially in industries with naturally higher entry rates and R&D intensity. A two standard deviation increase in private equity investment explains as much as 5.5% of the variation in entry between high-entry and low-entry industries. We address endogeneity by exploiting data on laws that regulate private equity investments by pension funds. Our results hold when we correct for barriers to entry,general access to credit, protection of intellectual property, and labor regulations.