GPs
Carlyle appoints Morgan Stanley's Petrick to new role
The Carlyle Group has hired Michael Petrick as managing director and global head of credit alternatives and capital markets.
Vendor scepticism
While researching the Nordic chapter of the European Fundraising Review, it became evident that GPs and LPs alike expressed concern over future dealflow. From 1998 to 2008, the number of fund closes doubled, and the amount of capital raised quadrupled.
Advent International opens office in NY; Franks relocates
Advent International has announced that it will be opening an office in New York this month and as a result, managing director Tim Franks will relocate from London to lead the new office.
Inflexion appoints marketing director
Inflexion Private Equity has hired Rachel Gillon as marketing director.
HgCapital investigates understated profits by Goldshield
HgCapital has already appointed auditors and lawyers to investigate the alleged understatement of profits by portfolio company Goldshield Group, the drug business the investor took private in a £179m deal last year.
Venture back in the spotlight
Venture capital in the UK is booming this week following two major deals in the healthcare sector. Deborah Sterescu reports.
NVM bulks up regional investment team
NVM Private Equity has hired Dominic Ely as part of its regional investment team.
Banks seize control of 3i-backed Ultralase
Senior lenders have reportedly taken control of 3i-backed Ultralase, the UK laser eye surgery chain, as part of a pre-pack administration, making it the second of the private equity firm's portfolio companies to fall within a week.
Candover's shares rise as firm hints at new beginnings
Troubled private equity firm Candover's shares went up 8% in early morning today after it reportedly hinted at future plans to raise new funds.
Foresight boosts European solar team
Foresight Group, a dedicated environmental investor, has appointed Federico Giannandrea as investment director.
LPs throw out the old for the new
It is now common knowledge that fundraising for private equity funds this year will be tough to say the least. Many, however, do not realise just how tough. News reports this week suggest that LPs are now considering severing ties with some GPs altogether...
LGV-backed Jeyes secures £20m credit facility
LGV-backed hygiene product manufacturer, Jeyes Holdings has completed a refinancing agreement, securing a revolving asset-based lending facility in excess of £20m provided by RBS.
3i's British Seafood falls into administration
3i-backed British Seafood, the fish importer and distributor, is understood to have gone into adminstration, wiping out the private equity firm's £81m investment in the company.
Q&A: Environmental sector opportunities and challenges
Nino Tronchetti, co-founder and CEO of environmental investor Ambienta talks to unquote" about opportunities in the sector.
KKR nears NYSE listing; releases fourth quarter results
Private equity behemoth KKR is moving closer to listing on the New York Stock Exchange, as the firm has confirmed the move yet again in its financial results report for the fourth quarter, released yesterday.
NBGI appoints ICG's Hallala to its team
Lower mid-market private equity firm NBGI Private Equity has hired Mark Hallala to head up its investor management team.
Capital gains: a taxing issue
As the upcoming budget nears, the private equity industry has much to fear as the potential rise in capital gains tax threatens to further stifle investment activity and drive investors out of the UK. Deborah Sterescu investigates…
CEE market update
Despite a retrenchment of London- and New York-based GPs from the CEE market, competition on the ground has not seen a commensurate decrease. This is down to a remaining strong core of local players, according to Advent International director Dan Morgan,...
Q&A: Early-stage evolution
Bart Diels, partner at Belgian investor Gimv, speaks to Francinia Protti-Alvarez about how the venture market in the Benelux region has adapted to the changing economic climate.
Germany’s importance to grow as private equity recovers
Germany’s significance in terms of overall European private equity is set to increase in the coming years, with international funds indicating that they will target the region more over the next five years. Mareen Goebel reports.
Apax, Permira-backed New Look abandons plans for IPO
Apax and Permira-backed New Look, the fashion retailer, has postponed its plans to launch an IPO due to "considerable volatility in the equity markets".
Q&A: Intermediate on high ground
Deborah Sterescu speaks to Christophe Evain, managing director of ICG, on expectations for recovery and why high-yield is not a long-term threat for mezzanine.
Matalan drops potential sale process
British discount retailer Matalan, which had attracted the likes of CVC, TPG, Blackstone, Advent International and BC Partners, has taken itself off the sale block.