GPs
YFM regains independence
YFM Equity Partners has spun out of GLE Group to become an independent entity.
Axa Private Equity spinout goes ahead
Insurer Axa has completed the sale of its private equity arm to a management-led consortium for €510m.
Wölbern Invest's Schulte taken into custody on fraud charges
Heinrich Schulte, the owner of asset manager Wölbern Invest, was taken into custody yesterday, facing charges relating to the embezzlement of €137m.
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.
3i continues exit run
Listed private equity group 3i has reported £195m's worth of exits over the last quarter through the sale of Civica and the US listing of Quintiles – but made no new investments.
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.
3i to buy Barclays’ infrastructure fund management business
3i has made a binding offer to buy Barclays’ European infrastructure fund management business.
Blackstone, Carlyle targeted by Stop G8 protests
Anti-capitalism protest group Stop G8 has publicised the London addresses of several private equity firms – including Blackstone, Carlyle and Lion Capital – ahead of the G8 Summit in June.
Natixis buys Euro Private Equity
Natixis has added another firm to its private equity arm by acquiring Swiss funds-of-funds manager and investment adviser Euro Private Equity.
BGF - two years on
BGF - two years on