GPs
ESMA publishes remuneration guidelines
The European Securities and Markets Authority (ESMA) has published guidelines for the remuneration of senior employees in alternative investment funds.
Doughty Hanson refocuses on private equity
Doughty Hanson has completed its internal restructuring, moving away from real estate and venture, alongside the creation of a new partnership structure.
Vendors and banks amenable to strong 2013 in UK
Good signs for 2013
New German GP Rantum Capital targets mid-market
A group of German businessmen, including former Morgan Stanley Germany CEO Dirk Notheis, have founded a new private equity firm named Rantum Capital.
PE backers to reduce NXP Semiconductors stakes
AlpInvest Partners, Apax Partners, Bain Capital Partners, KKR and Silver Lake Technology Management are due to sell 30 million shares in listed Dutch semiconductor developer NXP Semiconductors.
German PE faces challenges in 2013
German PE
Pantheon appoints partner in infrastructure team
Pantheon has appointed Andrea Echberg as partner in charge of its European infrastructure business.
ABN Amro paid €20m compensation to AAC Capital
ABN Amro paid Dutch private equity firm AAC Capital €20m in compensation in 2011, after it could not honour a €2bn commitment to AAC's fund, according to local press reports.
Pension funds failing to stick up for private equity
Speaking up for PE
3i to offload more assets
3i is looking to sell at least four of its portfolio companies, according to reports, as it continues to refocus its strategy.
PPF Group regains control of private equity operation
CEE-focused financial services group PPF Group has acquired 27.5% of its own private equity funds business from Italian insurer Assicurazioni Generali.
Groupama completes disposal of private equity unit
French insurer Groupama has sold Acto Mezzanine and fund-of-funds Quartilium – the remaining entities of Groupama Private Equity – to ACG Private Equity.
Terra Firma looking to sell Odeon
Terra Firma is again looking to sell cinema chain Odeon & UCI Group in 2013, potentially raising up to ТЃ1bn, according to reports.
Electra Private Equity reduces discount to NAV
Electra Private Equity improved its discount to NAV ratio and recorded higher exit and investment activity in the past year.
Carlyle back in the black
The Carlyle Group reported net income of $219m in Q3, returning to profit after last year's loss of $191m.
Partners Group completes secondary share offering
Partners Group has successfully sold an additional 3,350,001 shares at CHF 183 per share on the SIX Swiss Exchange.
JP Morgan aiming to boost PE division
JP Morgan Private Equity (JPEL) has announced measures to increase capital returns to shareholders, which the firm says have been limited since the financial crisis.
Survey highlights extent of LP/GP perception gap
LPs and GPs still hold vastly divergent views on key aspects of their relationship, with terms & conditions and communication being the major areas of conflict, according to recent research by Acanthus.
Video: David Currie - industry needs liquidity
As he steps down from 33 years in private equity, most recently with SL Capital, David Currie shares his views on the industry's future.
Gimv reshapes strategy to boost future growth
Belgian GP Gimv has announced an overhaul of its strategic orientation and management team, in order to strengthen its position in the industry.
Amundi takes 7.5% stake in French GP NextStage
French asset manager Amundi has bought a 7.5% stake in small-cap specialist NextStage from financial holding Artémis.
Sovereign wealth funds buy 10% of CVC
Three sovereign wealth funds - two Asian and one Middle-Eastern - have bought a combined 10% stake in CVC Capital Partners' management company, according to reports.
HIG Capital launches European credit business
HIG Capital has launched in London the European operations of its US credit business, HIG WhiteHorse, and appointed Haseeb Aziz as managing director in the new unit.
General Atlantic opens new Munich office
General Atlantic has moved its German operations from Düsseldorf to Munich.