GPs
Catapult and Opus unite
Catapult Venture Managers and Opus Ventures have combined operations to become Catapult Ventures Group (CVG).
The potential impact of upcoming German elections
German elections
Edmond de Rothschild Capital Partners loses de Montgolfier and Fouque
Managing partners Eric de Montgolfier and Erick Fouque have left French GP Edmond de Rothschild Capital Partners (ERCP), to be replaced by Bertrand Demesse and Louis-Antoine Roullier.
Omnes finalises spinout, secures €70m commitment for new fund
Omnes Capital, the former private equity arm of French bank Crédit Agricole, has started raising its fourth SME-focused fund and is now wholly owned by its management team.
Lack of exits forces Candover to make contingency plans
Without any realisations in the first half of this year and a growing debt burden, listed entity Candover Investments has started to review a range of alternative plans including refinancing existing facilities.
BNP Paribas carves out direct PE arm
Team members of BNP Paribas Private Equity have created a new company to manage the GP's direct funds, while the French bank will remain in control of the funds-of-funds business.
Confidence in European venture remains low, says survey
GPs still display low confidence in European venture, according to a new survey by Deloitte and the US's National Venture Capital Association (NVCA).
Alliance Venture and Springfondet merge
Norwegian early-stage investment firms Alliance Venture and Springfondet have merged to form Alliance Venture Spring.
Italy: The state as entrepreneur
State support
SVG enjoys 23% NAV boost in H1
SVG Capital has reported a 23% uplift in net asset value (NAV) in its half-year results, with shares now trading at 480p.
Fund managers in AIFMD staffing spree
Up to 58% of AIFMs are either employing or are considering employing additional back-office staff to help compliance preparations for the impending AIFM directive, according to a survey conducted by Kneip.
Rabobank's Robeco snapped up by Orix
Robeco Group, the private equity arm of Dutch bank Rabobank, has been acquired by Tokyo-based financial services group Orix Corporation for €1.9bn (JPY 251bn).
One Equity Partners to split from JP Morgan
One Equity Partners (OEP), the private equity division of US bank JP Morgan Chase & Co, is to become an independent firm and will raise its next fund from an external LP base.
Ratos's SEK 1.4bn share emission fully subscribed
Ratos's emission of class-C preference shares to increase its share capital has been fully subscribed, generating proceeds of close to SEK 1.4bn in total before issuing costs.
KKR looks to open Spanish office
KKR is considering opening a Spanish office to oversee its local activity.
Ratos issues shares to finance acquisitions
Ratos plans on increasing its share capital by up to SEK 2m through a new issue of up to 830,000 class-C preference shares.
Blackstone, Carlyle targeted by Stop G8 protests
Anti-capitalism protest group Stop G8 has publicised the London addresses of several private equity firms т including Blackstone, Carlyle and Lion Capital т ahead of the G8 Summit in June.
BGF - two years on
BGF - two years on
CVC in court over $800m beer tab
CVC Capital Partners’ sole deal in Central & Eastern Europe – the local breweries of Anheuser-Busch InBev, StarBev – may leave the GP with a nasty hangover after court filings revealed AB InBev is seeking earn-out money following CVC’s subsequent sale...
Axa Private Equity to spin off from parent company
Insurer Axa is set to sell its private equity arm to a management-led consortium, following months of speculation, for €510m.
LGV Capital to wind down portfolio
Insurer Legal & General has confirmed its private equity arm LGV Capital will stop making new investments, and will instead focus on managing and eventually divesting its existing portfolio.
In defence of private equity
There is increasing noise about unjustifiable fees in an industry that fails to live up to expectations. But this belies some outstanding performances and the promise of new opportunities, finds Kimberly Romaine
KKR reshuffles team ahead of new fund launch
KKR will see two partners, Jacques Garaialde and Reinhard Gorenflos, depart before raising its next European fund, according to reports.
Carlyle earnings disappoint
Carlyle Group's economic net income has declined by 28% compared to last year, causing its share price to fall by almost 8%.