Industry
Weekly round-up: France Invest's new chair; Q1 entry multiples; and more
Catch up on essential news and features from this past week with our round-up of industry analysis
Epiris promotes Wilson and Wood to partner
Team members have been with the newly independent fund manager for five and six years, respectively
DACH fundraising picks up steam after slow Q1
Funds holding final closes in Q2 have surpassed the total amount raised in the first quarter of the year, following a strong 2017
Colony to acquire four Abraaj funds
Deal includes Abraaj's stakes in the funds along with staff in eight offices
DLA Piper hires Baker McKenzie's Schumann
Schumann will be responsible for advising private equity and corporate clients on M&A transactions
Golding hires Allianz director Sedlmayr
Sedlmayr will be responsible for institutional client services and sales
France Invest seeks to capitalise on Macron's reforms
Trade body's newly appointed chair discusses plans to capitalise on reforms and bolster the popularity of the PE ownership model
DN Capital's Marovac named new Invest Europe chair
Marovac, the founder and manager of VC firm DN Capital, will chair the trade body until 2019
Q&A: Nordic Capital's Kristoffer Melinder
Partner Melinder discusses Nordic fundraising, the increasing focus on ESG, and differentiated strategies in high-price environments
UK government intervenes in sale of Better's Northern Aerospace
Better Capital agreed to sell the business to former portfolio company Gardner, now Chinese-owned
AGIC hires former Equistone partner Breuning to lead UK office
Breuning will be responsible for all of AGIC's UK investment activities and future fundraising
Q1 entry multiples drop to lowest level since Q1 2016
PE deal valuations drop for the third consecutive quarter, as the Nordic region continues to see the highest entry multiples
Szymański to leave Waterland's Warsaw office amid departures
Szymański joined the firm in February 2015 to lead Waterland's operations in the Polish market
In Profile: Mangrove Capital
An early backer in Skype and Wix, Mangrove held a final close on €200m for its fifth fund earlier this year
Abraaj files for liquidation in Cayman Islands
GP is seeking a court-supervised restructuring in the Grand Court of the Cayman Islands
Triago to expand London presence
Triago first opened a London office in 2016 but has recently moved to a new address
DACH investors turn to value creation to justify high multiples
Three of the five most active private equity firms based in the DACH region last year used non-standard investment models
US investors lag behind Europe on responsible investing – report
Survey finds that 47% of European-based institutional investors have established an RI policy
MCI launches tender offer to wholly own MCI Capital fund
Offer is for 19,003,988 MCI Capital shares in a bid to wholly acquire the fund's shares and votes
Co-investment: Dancing to a new tune
Co-investment has evolved from a value-add into an industry staple, but debate remains as to whether the strategy favours LPs and GPs equally
VC fuels Europe's journey towards self-driving future
Despite the long-term nature of investing in autonomous vehicles and high barriers to entry, fund managers are finding routes into the segment
New regulations set to spur Swedish state pensions investment in PE
Swedish Ministry of Finance presents a proposal to ease investment restrictions for pension funds
Apposite promotes Auffray and Meynier
Auffray becomes head of IR and operations, with Meynier promoted to investment director
Unquote British Private Equity Awards 2018: entries now open
UK firms are now invited to showcase their success by entering the 2018 Unquote British Private Equity Awards
