Secondaries
KBC sells majority of PE portfolio to KeBeK
KBC Private Equity has sold a large part of its portfolio to KeBeK I, a new fund managed by four former KBC employees, including CEO Floris Vansina.
Electra buys debt portfolio for £30m
Electra Partners has acquired a portfolio of mezzanine debt and second lien debt in five UK and European companies for £30m.
Lloyds sells £1bn private equity portfolio to Coller
Lloyds Banking Group has agreed to sell a portfolio of private equity investments worth ТЃ1.05bn to Coller Capital.
China to buy LP interests from GM pension plan
The Chinese government has agreed to buy stakes in a string of private equity funds, including vehicles managed by The Carlyle Group, The Blackstone Group and CVC Capital Partners, from General Motors’ (GM) pension plan.
Sponsored video: Secondcap's François Gamblin on the secondaries market
Video: Secondcap's François Gamblin
AXA PE continues secondaries spree with OMERS portfolio purchase
AXA Private Equity has acquired a portfolio of 11 private equity fund investments and related unfunded commitments from OMERS Private Equity.
Lloyds to sell fund stakes totalling €1bn
Lloyds Banking Group has hired Campbell Lutyens to sell around тЌ1bn worth of stakes in private equity funds, according to reports.
European secondaries boom unlikely to end soon
Secondaries boom unlikely to end soon
LDC buys Ocean Outdoor from Smedvig
LDC has completed the ТЃ35m buyout of UK digital advertising firm Ocean Outdoor from Smedvig Capital.
Lack of distributions continues to fuel secondaries
Exit woes fuel secondaries
Doughty Hanson acquires USP Hospitales for €355m
Doughty Hanson has acquired Spanish hospitals operator USP Hospitales from Barclays and Royal Bank of Scotland for €355m, 9x the firm's forecast EBITDA for 2012.
Main Capital sells Actuera to Waterland Private Equity
Main Capital has sold its majority stake in Dutch business software developer Actuera to Waterland Private Equity.
Hermes Fund Managers acquires Hermes GPE
Hermes Fund Managers and Hermes GPE's management have bought an interest in Hermes GPE from a subsidiary of the Henderson group.
Coller buys Crédit Agricole PE unit and funds
Coller Capital has agreed to acquire fund manager Crédit Agricole Private Equity (CAPE) from Crédit Agricole, as well as the bank's interests in the funds it manages.
Falling listed fund valuations hint at secondaries boom in 2012
Listed private equity funds are suffering from lower valuations in 2011. This is likely to have broader implications for investors in private equity funds looking to divest, and the secondary specialists hungry for deals. Diana Petrowicz investigates....
Vision acquires Speyside Equity portfolio
Secondaries investor Vision Capital has acquired a two-company portfolio from Philadelphia-based private equity group Speyside Equity.
Madrid's local government to sell stake in CRM
Madrid’s local government is to sell its 49% stake in private equity fund Capital Riesgo Madrid (CRM) on the secondaries market.
Secondaries activity to carry on in Q4
Driven by banks and the resurgence of other LPs coming to the market, secondaries activity is likely to remain steady in the coming months. The recent market turmoil is however starting to impact pricing. Greg Gille reports
AXA Private Equity and LGT in €620m secondaries deal
AXA Private Equity and LGT Capital Partners have bought a €620m portfolio of LP interests in European buyout funds from HSH Nordbank AG.
JPEL buys Arch Cru portfolio for £56.5m
J.P. Morgan's Private Equity fund of funds (JPEL) has snapped up 38 investments from the former Arch Cru portfolios in a deal worth ТЃ56.5m.
Secondary players dominate Italy's foreign LP base
Italian GPs ought to be doing more to attract foreign investors at the fundraising stage, as many of the country's overseas-based LPs are secondary players. Susannah Birkwood finds out whether this and other local trends are about to change.
CDC to sell PE portfolio
France's Caisse des Dépôts et Consignations (CDC) is planning the sale of a €180m private equity fund portfolio, according to media reports.
PIP in $40m secondaries deal
Pantheon International Participations PLC (PIP), Pantheonтs quoted private equity fund-of-funds investment trust, has committed $40m to buy a portfolio of 25 buyout global funds with more than 400 portfolio companies.
AXA pays $1.7bn for Citi's 207 LP stakes
Large transactions continue to drive the market, fueling suspicion that this yearтs total will surpass last yearтs record $20bn. Kimberly Romaine reports