News / Industry
AXA buys BoA's $1.9bn private equity secondary interests
AXA Private Equity has acquired Bank of America's(BoA) $1.9bn portfolio of limited partnership interests in private equity funds, as the bank seeks to divest its non-core private equity investments.
Neuberger Berman to launch distressed debt fund
Private Equity investor Neuberger Berman, plans to launch NB Distressed Debt Investment, a fund targeting asset-backed senior debt.
Amadeus prepares €1.36bn IPO
Amadeus IT Holding, the travel reservations company backed by BC Partners and Cinven, is finalising the preparations for its listing. The company is scheduled to debut in the Madrid bourse on 29 April.
Blackstone concedes to lower LP fees
Blackstone Group is set to give a higher than traditional percentage of its transaction fees back to its investors, according to reports.
Deutsche Bank launches €6bn fund-of-funds
Deutsche Bank is set to launch DB Private Equity, a €6bn private equity fund-of-funds.
Swedish PE-backed companies higher growth than peers
A recent study by the SVCA and Ernst & Young show that private equity-backed companies in Sweden perform better than its peers.
Carlyle and EDF launch green analysis tool
The Carlyle Group and Environmental Defence Fund (EDF) has launched EcoValuScreen, a green analysis tool to be used in the due diligence processes before making an investment.
Luxembourg sees birth of industry body
Luxembourg has long been attractive to private equity and venture capital funds and has finally seen the birth of its own industry association.
EUROPE - EVCA adopts new governing structure
The European Private Equity and Venture Capital Association has today announced the adoption of a new governing structure, including the creation of a Public Affairs Executive (PAE), designed to allowthe industry to "speak with one voice".
GERMANY - JC Flowers files lawsuit against HRE following squeeze-out
JC Flowers has confirmed that it has filed a lawsuit to fight the full nationalisation of banking group Hypo Real Estate Holding, which was confirmed at the lenders' annual general meeting last week.
GERMANY - PEF donates to two German charities
The Private Equity Foundation has donated to two Germany-based charities, taking the funds' total investment in the country to EUR 400,000.
GERMANY - Waterland closes A-Rosa Deal
Waterland Private Equity has closed the management buyout of river cruise operator A-ROSA Flussschiff GmbH.
UK - GMG decision on code of conduct delayed due to EC plans
The Guidelines Monitoring Group (GMG), an industry-appointed body that tracks UK private equity firms' adherence to the Walker transparency code, has reportedly delayed a decision on whether more buyout houses must conform to the code as a result of debate...
UK - Four Seasons set to agree restructuring deal
The proposed sale of care-home operator Four Seasons Health Care to buyout house Advent International now appears unlikely, as senior lenders agreed terms on a restructuring deal that will see them take a substantial equity stake in the business.
UK - Barclays to offload private equity business
Barclays is reportedly close to a spin-off of its private equity business, just weeks after agreeing the sale of Barclays Global Investors (BGI), its fund management arm.