Thursday, 20 October 2016
Last updated 30 min ago
Jan 10 2007 | 10:41am ET
Following its high-profile failure bid for U.K. infrastructure company John Laing, Allianz Capital Partners is hoping for an active 2007.
CEO Thomas Puetter told Bloomberg News that the private equity arm of Europe’s largest insurer, Allianz, has three deals totaling €600 million in equity in the pipeline. He added, “I’m hoping to invest up to €1 billion this year or in the next 18 months.”
Puetter also said that Allianz may triple its private equity investments—currently, p.e. makes up less than 1% of the firm’s total investments—within the next three to five years.