GPs
Abraaj files for liquidation in Cayman Islands
GP is seeking a court-supervised restructuring in the Grand Court of the Cayman Islands
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
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
Apposite promotes Auffray and Meynier
Auffray becomes head of IR and operations, with Meynier promoted to investment director
Idinvest hires former Balderton principal Debock
Investment director Debock will follow venture capital investments in France and Europe
Blossom Capital hires Schroder Adveq's O'Farrell
O'Farrell will be the fifth partner at the VC firm, which was founded in 2017 by Ophelia Brown
BlackFin appoints Franzmeyer to lead DACH expansion
Franzmeyer joins as managing director and will become head of Blackfin in Germany in September
KKR's Smidt steps down
Head of industrials and energy Smidt left at the end of May, and has been replaced by Edouard Pillot
LP Profile: Stonehage Fleming
Head of PE Clarke-Jervoise discusses the multi-family office's client base, investment strategy and recent approach to GP relationships
Rutland boosts deal team with two hires
Will Southgate joins Rutland from PwC, while Gessica Howarth previously worked at Goldman Sachs
Abraaj seeks standstill deal with creditors
Firm has been embroiled in an investor conflict since the beginning of 2018
LP competition heats up for stakes in GP management companies
One in six LPs is taking stakes in GP management companies via specialist funds
PineBridge opens Helsinki office
Firm plans on growing its business across European markets with a particular focus on the Nordic region
Korea Post allocates $200m to global buyout funds
Korea Post Insurance plans to allocate $200m to as many as three managers focusing on global buyouts, predominantly in North America and Europe.
Halder overhauls partner group as part of succession plan
Former partners Paul de Ridder and Michael Wahl step back into senior adviser roles
Argos Soditic rebrands to Argos Wityu
Maurice Dwek, the founder of Soditic bank, had previously owned a minority stake in the GP
Idinvest boosts growth capital team with new hire
Guillaume Santamaria joins as investment director in Idinvest's Growth Capital team
ESO Capital opens Frankfurt office
Team will initially comprise four investment professionals, who will invest in DACH-based SMEs
Apax France promotes four
GP promotes an HR & ESG director, a principal, an associate and a CIO
21 Centrale Partners hires Cathay's Chatain as principal
In her new role, Chatain will work on the sourcing and investment of 21 Centrale's portfolio
Ambienta appoints Gatti as CFO, promotes two to partners
Gatti, who joined Ambienta in 2012, has worked on the implementation of the firm's best practices
Silverfern expands Frankfurt presence, hires Aon Hewitt's Köpke
Köpke will be responsible for Silverfern's institutional investor relationships and fundraising
BC Partners launches real estate arm
StУЉphane Theuriau, former CEO of Altarea Cogedim, is hired as managing partner