Alexander Forbes Ltd., Africa’s largest independent retirement-fund administrator, climbed the most in 21 months after saying it was weighing expressions of interest to buy the company alongside plans for a share sale.
Blackstone Group LP, the world’s biggest manager of alternative assets such as private equity and real estate, said first-quarter profit rose 30 percent as the carrying value of its holdings increased and it collected more fees.
Johnson Controls Inc., seeking to reduce its reliance on the cyclical auto industry, agreed to acquire Canada Pension Plan Investment Board’s Air Distribution Technologies for $1.6 billion to add ventilation products.
Nordic Capital, a Stockholm-based private-equity firm, is leading bidders for LTS Lohmann Therapie-Systeme AG, which would end a nearly yearlong attempt to sell the German nicotine-patch maker, people with knowledge of the matter said.
Madison Dearborn Partners LLC plans to seek about $4 billion for its next buyout fund after salvaging some of its boom-era investments, including a bet on Nuveen Investments Inc., that threatened to sink a prior vehicle.
Dave Bustos, Royal Bank of Canada Capital Markets managing director and head of the Vancouver office is now a managing partner at Fort Capital Corp., according to Vlaad and Co., a Toronto-based financial services recruiting firm.