GPs
GLOBAL - KKR to delay launch of next buyout fund
Reports suggest that KKR is delaying the launch of its next buyout fund until next year, after having already invested 70% of its previous $17.6bn vehicle that closed in 2007.
FRANCE - Investors discuss future of PAI fund
PAI partners' investors are meeting up today in Paris to discuss the future of the investment house. The meeting follows the departures of chief executive Dominique Mégret and executive committee member Bertrand Meunier which triggered the key-man clause...
EUROPE - Entertainment Capital Advisers launched
Premila Hoon, former global head of media and entertainment structured finance at Societe Generale, has co-founded Entertainment Capital Advisors (ECA), a specialist media and entertainment strategic and financial advisory firm.
Q&A - Martin Day, Managing director, OMERS Private Equity
Deborah Sterescu speaks to Martin Day, managing director of OMERS Private Equity about what went wrong during the boom years and what both LPs and GPs are doing better now
CZECH REPUBLIC - Enterprise Investors opens in Prague
CEE-focused private equity house Enterprise Investors (EI) has opened a new office in Prague, which will be headed up by Ivan Jakubek.
EUROPE - Candover reports further NAV decline; Buffin steps down
Bealeagured buyout firm Candover today released its interim management statement, which reveals a further 12% decline in NAV and sweeping changes to the firm's management.
Global - BC Partners writes up value of 2005 fund by almost 25%
Private equity firm BC Partners has reportedly marked up its current fund by almost a quarter in the first half, restoring it to face value.
GLOBAL - KKR to merge with KPE
Kohlberg Kravis Roberts & Co (KKR) and Amsterdam-listed vehicle KKR Private Equity Investors LP (KPE) has obtained the necessary approvals to go through with the merger reported on unquote" news last month.
CEE/AUSTRIA - Capexit dissolved; Kaltenegger leaves AVCO board
The industry shakedown has claimed a prominent victim in Austria: Capexit, the private equity arm of Erste Group that invested primarily in the Czech Republic, Austria and Slovakia, has discontinued operations, with the portfolio now in the hands of the...
EUROPE - AXA PE signs UN responsible investment principles
French mid-market buyout house AXA Private Equity has signed the Principles for Responsible Investment (PRI) initiative, issued by the United Nations.
Lorenzo Lorenzotti - ACG Private Equity
Francois Rowell speaks to Lorenzo Lorenzotti, managing director of ACG Private Equity, about LP/GP relationships and opportunities in the CEE region
GLOBAL - KKR to merge with KPE
Private equity giant KKR has announced that it will go through with a planned merger with its Amsterdam-listed fund KKR Private Equity (KPE), though a subsequent floatation on NYSE is still likely to be some way off.
GLOBAL - KKR may not float
Reports suggest that private equity firm Kohlberg Kravis Roberts & Co (KKR) is rethinking its plans to float on the NYSE.
Patrick Lissague, UFG Private Equity
Francois Rowell speaks to Patrick Lissague, director general of UFG Private Equity, and finds that small companies are yet to feel the full extent of the current economic turmoil
Europe - 3i confirms £732m rights issue
In a press conference this morning, 3i's CEO Michael Queen confirmed plans to raise ТЃ732m in a rights issue that would optimise the value of its current portfolio, reduce debt and strengthen the company's 'perceived weak position' in the market.
EUROPE - American Capital seeks buyers for European portfolio
American Capital is reportedly seeking a buyer for its European arm, European Capital, with the price tag thought to be around $2bn.
EUROPE - 3i considers issuing new shares
3i is considering a rights issue in an effort to reduce its debt pile, which totalled ТЃ2.1bn in December.
GLOBAL - KKR delays merger with European fund, again
Reports suggest that KKR has again delayed plans to merge with its Amsterdam-listed fund KKR Private Equity Investors (KPE).
EUROPE - BPE spin-off – still no firm agreement
Following speculation since before Christmas, unquote" can confirm that Barclays Private Equity is indeed inching closer towards independence. Though the firm is "sounding out views of its investors", there is as yet still no agreement in place, according...
UK watch period to end March 2009
First quarter 2009: a chronic shortage of deals
Candover reveals full extent of downturn
Pioneering buyout house to downsize fund and cut staff as portfolio halves in value. Ashley Wassall reports
UK - Foursome becomes Frog; increases funds under management
UK-based early-stage and growth investor Foursome Investments has re-branded as Frog Capital and increased the size of its fund from EUR 60m to EUR 100m - a move almost unheard of in this economic climate.
EUROPE - 3i Infrastructure stays solid
Following the stark pre-close period statement released by 3i Group plc yesterday the firm's infrastructure arm published a contrastingly bright statement today, revealing steady investment activity and strong performance.