GPs
UK - Galileo Capital Management launches in London
Investment management and advisory firm Galileo Capital Management has launched, opening offices in London and Hong Kong.
UK - Blackstone applies for British banking license
Blackstone has reportedly applied for a British banking license as part of its plans to open a new bank called The Home and Savings Bank.
US/EUROPE - Atlas Venture to consolidate in Boston
Atlas Venture has announced that during 2010, the firm will streamline all of its operations from a new office in Boston.
FRANCE/GERMANY/UK - Indigo promotes four
Specialist mezzanine investor has promoted Adrian Lurie, Nicole Waibel and Cyril de Galea to partner, and Esteban Abad to investment director.
SPAIN - Apax opens Barcelona office
UK-based private equity firm Apax has opened a new office in Barcelona, over two decades after opening its Madrid practice in 1989.
Carlyle makes senior promotions across Europe
Buyout house Carlyle has promoted 33 professionals to senior positions across its offices globally, with four in the firm's London office.
US/EUROPE - US Fidelty Ventures team forms Volition Capital
The US operations of Fidelity Ventures has spun out into Volition Capital, an independent growth equity firm that invests in founder-owned technology companies.
Riverside makes European promotions
The Riverside Company has promoted Juan Barnechea to head of its European deal origination team.
Predictions from deal doers
The industry shares its - mostly optimistic - views on 2010
82% of GPs convinced dealflow improving
The vast majority of GPs in Europe feel dealflow will improve in 2010, with slightly more than half also more upbeat on the quality of those deals
Top equity providers over the years
LDC consolidates its position atop the activity throne, long ago abdicated by 3i
Firms to watch in 2010
For many, the heads-down approach of 2009 will continue into this year. But for a notable few, this may be a busy year. Here is unquote's list of firms to watch for 2010, based on input from our readers as well as research from unquote's proprietary database...
First Reserve Corp promotes Deulina to director
Energy-focused investor First Reserve Corporation has promoted Anastasia Deulina to director.
GLOBAL - Partners Group restructures management
Partners Group has promoted head of finance Roland Käslin and Guernsey head Denis O'Malley from senior vice presidents to managing directors, as part of a wider organisational restructuring of the firm.
FRANCE - PAI Partners revives latest buyout fund
Following month-long negotiations, PAI Partners has received LP approval to halve its latest EUR5bn fund to just under EUR3bn, restarting the investment process.
FRANCE - PAI Partners revives latest buyout fund
Following month-long negotiations, PAI Partners has received LP approval to halve its latest EUR5bn fund to just under EUR3bn, restarting the investment process.
EUROPE - Candover to “substantially” reduce fund
Following nearly 12 months of difficulties that stemmed from its parent's liquidity issues at the beginning of the year, Candover has today announced it will "substantially reduce" the size of its 2008 Fund, which had targeted EUR 5bn and reached a first...
FRANCE - SocGen PE arm spins out; re-brands Syntegra
The investment team of SG Capital Europe, the private equity arm of Société Générale's asset management subsidiary SGAM, has led a spin-out of the business from its parent and re-branded it Syntegra Capital.
FRANCE - Allianz to sell AGF PE
According to reports, Allianz has mandated Rothschild to oversee the sale of its private equity investment arm, AGF Private Equity, with AXA Private Equity cited as a possible suitor.
GLOBAL - Carlyle to change terms on its fifth fund
It is understood that Carlyle Group is the latest private equity firm to appease its investors by agreeing to several changes to terms on its fifth fund, Carlyle Partners V, including a split on transaction fees, limits on the amount of debt investments...
Q&A - Bob Long, President, CEO, Conversus Asset Management
Deborah Sterescu speaks to Bob Long of listed fund-of-funds Conversus Asset Management, about making a GP's track record the priority
GLOBAL - Apollo prepares to list on NYSE; revenues rise
Private equity house Apollo Global Management has revealed that its revenues rose in the third quarter as the firm plans its move to list on the New York Stock Exchange (NYSE).
EUROPE - TowerBrook, LPs address credit gap with lending unit
LPs started the year defaulting on capital calls and sending letters to GPs asking (or demanding) they refrain from drawing money. What a difference a year makes - now most are honouring their commitments (though the calls are admittedly few and far between)...