Secondaries
3i acquires Amor in SBO
3i has acquired German jewellery distributor Amor Group from Pamplona Capital Management for an undisclosed amount.
Pinova Capital acquires Wendt Sit
Pinova Capital has added German insulation provider Wendt Sit GmbH to its portfolio through a secondary buyout of the company from BPE Unternehmensbeteiligungen.
KKR sells recycling company DSD
British private equity group Solidus Partners has backed the acquisition of Duales System Deutschland (DSD) for an undisclosed amount.
AXA Private Equity takes over Natixis private equity arms
AXA Private Equity has completed the acquisition of portfolios managed by iXEN Partners, NI Partners and Initiative & Finance from Natixis for €507m.
Greenpark Capital acquires Seventure Partners portfolio
Greenpark-sponsored Chopin Invest has bought a portfolio of minority stakes from Seventure Partners, for an undisclosed amount.
EPIC portfolio sold to EPE Special Opportunities
EPIC Private Equity has sold the portfolio of its EPIC plc fund to EPE Special Opportunities (EPESO), a listed vehicle it also manages, according to reports.
Lloyds sells private equity stakes to Coller Capital
Lloyds Banking Group has become the latest bank to cut its private equity exposure, selling its £480m portfolio of UK private equity stakes to a newly created joint venture, Cavendish Square Partners LLP.
Healthcare buyouts: a tonic for the market
Defensive sector or not, buyout activity in the healthcare area was as depressed as elsewhere during 2009. But things are looking up and a spate of deal completions and possible exits in the first few months of 2010 are providing a welcome tonic for a...
Poundland: Advent sees the pounds roll in
This morning, Advent International successfully sold discount retailer Poundland, as part of a secondary buyout by Warburg Pincus.
Verdane acquires six internet companies
Verdane Capital has acquired a portfolio of six Internet companies from Aggregate Media.
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.
Q&A: Hungry for secondaries
The secondaries team of NorgesInvestor is aggressively chasing opportunities in the Nordic region. Rikke Eckhoff asks partner Dylan Wolff how he sees the secondaries market.
Q&A: Secondary chances
Hanspeter Bader, head of private equity at Unigestion, talks with Mareen Goebel about the secondaries space and current issues with fundraising
Second chance saloon
Predictions a year ago of a boom in secondaries transactions proved premature, as a dearth of draw-downs provided a stay of execution to liquidity-starved LPs. Twelve months on, there is a similar anticipation of a wave of secondaries sales, but will...
FRANCE - Coller interested in Natixis
According to reports, Coller Capital has emerged as a potential suitor for part or all of Natixis' Private Equity divisions.
EUROPE - 3i sells venture portfolio to Coller-, HarbourVest-backed Encore
Secondaries specialists Coller Capital and HarbourVest Partners have teamed up with venture house DFJ Esprit to acquire a £130m portfolio of venture assets from 3i. The portfolio will be managed by a new division of DFJ, Encore Ventures.
Secondaries Salvation
The swathe of money pumping into secondaries will prove a savior, not a bubble. Cash-rich specialists can help teams looking to spin out of distressed parents, as well as borderline LPs pushed over the edge this autumn as GPs call in capital. By Kimberly...
EUROPE - 3i sells venture portfolio for less than half value
London-based private equity firm 3i has reportedly sold its venture portfolio to an unnamed bidder for around £100m, a substantial discount to the approximate £250m book value.
UK- Pantheon sells fund interests
PIP, the London-listed investment trust of Pantheon Ventures, has sold a number of its fund interests in an effort to boost the company's liquidity to meet its commitments.
UK - Bidding war for 3i's venture capital fund
Reports suggest that private equity groups Coller Capital and HabourVest Partners are considering bids for 3i's £400m venture capital fund.
The wheel turns...
With pressure mounting on both GPs and LPs alike as the post-crunch economic decline stagnates the primary market, the cycle seems once more to have turned in favour of secondaries players. Ashley Wassall reports.
Not all seconds are sloppy
More private equity-backed companies are growing the bottom line through top-line growth, not cost savings, and the best results stem from deals sourced from private, not public, owners - even if that's another buyout house. Kimberly Romaine reports on...