GPs
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 £732m 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 £2.1bn 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 - Candover board to meet this week
The board of beleaguered buyout house Candover is to meet early this week to discuss takeover bids, according to today's Financial Times. The meeting comes after the investor earlier this month suspended its 2008 fund 'to explore strategic options'.
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.
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 £18m.
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.