GPs
RUSSIA - JP Morgan to manage Marshall fund
It is understood that JP Morgan has been awarded the mandate to manage Russian private equity firm Marshall Capital Partners' fund.
EUROPE - 3i licking wounds – to aide healing?
3i Group today released its pre-close period trading update, warning the markets of stark writedowns ahead and revealing the scale of its de-leveraging operation.
GLOBAL - Lehman Brothers Private Equity changes name
Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners Ltd.
UK - Oakley to raise £18m through placing
Mid-market buyout house Oakley Capital has launched a placing designed to raise up to ТЃ18m.
UK - SVG shareholders surprised by Williams departure
According to reports the news that SVG Advisers CEO Andrew Williams is to step down, which was announced publicly yesterday when the firm released its 2008 results, has angered SVG Capital shareholders, who had not been warned of his departure.
UK - SVG moves office
SVG Capital has moved offices as of 06 March 2009.
UK - SVG announces two-thirds fall in value
SVG Capital has announced its end-year 2008 results, revealing a drop in NAV of more than 64%. The listed fund has also announced that Andrew Williams, CEO of SVG Advisers, is to step down.
EUROPE - Candover reveals full extent of downturn
Candover Investments Plc today announced its final year results for 2008, revealing a sharp aggregated writedown of more than 50% in NAV following five successive years of increases.
GLOBAL - GIC and Future Fund acquire 7.7% of Apax
Apax Partners has sold nearly 8% of it its management company and future carried interest to GIC Special Investments and Future Funds, two Asian-Pacific investors.
EUROPE – 3i Group acquires 3i Quoted
3i Quoted Private Equity today agreed to be acquired by 3i Group in a deal that values 3i QPEP at ТЃ355.2m. The acquisition will be effected through a solvent liquidation of QPEP, allowing 3i to acquire the 55% stake in 3i QPEP it did not already own....
EUROPE - 3i sells stake in Infrastructure
Listed private equity firm 3i has reduced its stake in its infrastructure fund to a third after selling 77 million shares. The placing raised ТЃ61m towards the ТЃ2bn debt pile the investor has accrued; half of which is due in the next three years.
EUROPE – Activist shareholder mulls 3i QPE takeover
AIM-listed investment group Crystal Amber has taken a stake in 3i's Quoted Private Equity and is reported to be in talks with management and 3i regarding delisting the fund.
EUROPE - Clemens Vedder branches out into private equity
Clemens Vedder's Goldsmith Investments has launched a private equity fund targeting EUR 700m to EUR 1bn of assets.
EUROPE - Baugur to collapse
Baugur is set to go into administration after its main banker, Landsbanki, ended restructuring talks with the once-prolific Icelandic investor.
Permira's plight
Permira is letting its investors scale back. Reactions are mixed
UK - SVG caps commitments and launches £200m rights issue
SVG Capital Plc has announced that it will take up the offer from Permira, its primary investee fund manager, to cap commitments to Permira IV at 60% and simultaneously launch a partially underwritten rights issue and placing to raise ТЃ200m.
60 seconds - Henri Isnard - ARCIS
Francois Rowell meets the co-founder and managing partner of Anglo-French investor ARCIS, to ask how the credit crunch has affected the secondaries market. ARCIS have just closed their fourth fund on EUR354m
Follow the leader - again
Permira is letting its investors scale back. The move is wise, as it benefits many, and is first to market
UK/FRANCE - Apax sued over profit split
Apax Partners co-founder Maurice Tchenio is sueing the firm in a dispute over how profits and fees were split on deals in Europe since 2001.
EUROPE - Antin Infrastructure Partners launch announced
Antin Infrastructure Partners, a new fund management business focusing on the infrastructure space and affiliate of BNP Paribas Asset Management, announced its launch this morning at a briefing in London.
UK - SVG attempts to scale back payments
SVG Capital has been reported as talking to Permira, of which it is the largest single investor, regarding a scaling back of future payments.
EUROPE - CVCs remain optimistic
Corporate Venture Capitalists (CVCs) remain optimistic about investment activity in Europe according to a survey published by Ernst & Young, with respondents anticipating that Europe will be the second most important market globally over the next 24 months,...