Industry
DACH leads lower-mid-market fundraising
An overcrowded lower-mid-market in the Nordic region and the UK, coupled with Brexit, has boosted DACH fundraising activity
LDC promotes Smith to investment director
Since joining in 2015, Smith has been involved in a number of transactions in the UK
PE generates best returns for Industriens Pensionsforsikring
Private equity (6.1%) and infrastructure (3.5%) are the best performing asset classes for the LP
GP Profile: Lakestar
Unquote speaks to founder Hommels about the VC's future ambitions and the European venture landscape
Tages buys stake in Vam Investments
Tages vice-president Trapani will also acquire a 15% stake in VAM, and will become executive chairman
Q&A: Alto Partners' Raffaele de Courten
Unquote speaks to the firm's founding partner about fundraising, dealflow and debt facilities in the Italian market
LP Profile: Adams Street Partners
Unquote talks to Ross Morrison, partner on the primary investments team and responsible for mid- and large-cap fund investments
Private equity drives investment returns for Calstrs
US pension scheme beat its portfolio investment assumption of 7% for the second year running
BNP Paribas launches UK SME lending fund
Fund will provide senior loans to SMEs with an annual turnover of less than ТЃ50m
Livingbridge appoints Wathen
Following a raft of hires, the investment team at Livingbridge now stands at 90 people
Reshaping the GP shareholding landscape
As the private equity market matures, shareholding structures of GPs are being reshaped, with a number of M&A transactions and minority stake sales
Campbell Lutyens appoints six new principals
In its London office, the firm appointed Annabelle Judd and James Sladden as principals
Calpers to hire legal advisers for PE
New counsel contracts are due to begin in January 2019 and would be five years long
Highlander Partners opens Romania office
GP has opened its inaugural office in the region after entering the Polish market in 2008
Record number of French SBOs and mega-deals in H1 2018
France's year is going from good to great as new figures from Unquote Data show buyout volumes reaching their highest level for a decade
Genesis hires two for investment team
New hires will reinforce the investment team and will be active in planned fundraising
Tech buyouts bolster UK mid-market activity in H1
High multiples in the TMT space have played a part in driving activity in the UK mid-market over the first half of 2018
Aurelius expands management team
Albrecht will be responsible for acquisitions and sales across all business areas in his new role
Eurazeo sells Odealim to TA
Sale of insurance brokerage firm Odealim is expected to generate a money multiple of around 2x
BC Partners' MCS Group bolts-on DSO
Debt management service MCS Group, backed by BC Partners since 2017, buys peer DSO Group
Entry multiples stay frothy in Nordic region
Valuations in the Nordic countries are notably driven by high-multiple deals in the TMT and business services sectors
Calpers generates strong returns from PE programme
Pension fund's entire portfolio generated an 8.6% return for the financial year ending June 2018
AP4 eyes sustainability-focused PE funds
Public pension fund has an appetite for co-investments in unlisted direct investments
Q&A: Rutland Partners' Nick Morrill
Managing partner Nick Morrill discusses how to thrive amid economic uncertainty and the current challenges of the UK's consumer sector