Industry
Pantheon appoints two new principals in Europe and US
Justin Mallis will join in London and Michael Hutten will join the US team in Raleigh, North Carolina
Capnamic promotes Knott to partner, hires two
Knott will be responsible for deal sourcing and execution, as well as portfolio management
Augmentum announces intention to float
Listed vehicle will acquire Augmentum's portfolio and the structural elements of the GP
KCP hires Deloitte's Tice
In his new role, Matt Tice will work alongside partners James Hall and Owen Trotter
BVI launches new LP law
BVI Finance outlines four key areas in which the new law will benefit investment funds
Private debt funds expand market share in Germany
Growing use of use of first-out, second-out unitranche leads to private debt funds more than doubling their share of German mid-market deals
European PE in 2017: Scaling new heights
Buyout activity and fundraising reached a new peak in 2017, with mega-buyouts and small-cap deals fueling dealflow and French funds popular among LPs
Lloyds terminates Standard Life Aberdeen's management mandate
Development is a result of Aberdeen's merger with Scottish Widows competitor Standard Life
Essling closes second co-investment fund on €115m
Hard-cap was originally set at €100m, but was raised in order to meet increasing demand
Ardian opens Tokyo office, hires HarbourVest's Takenaka
New office is the GP's third Asian base as it looks to bolster Japanese fundraising and deal-making
ATP Private Equity Partners VI holds €800m final close
PE arm of ATP also announces a change in its investment strategy and is merging operations
Hg promotes five to partner
Batchelor is also promoted to COO while GSK's Ruter is hired as head of responsible investing
Wind Hellas, Apax and TPG $1bn court case adjourned
Case related to the telecommunications company's PE-backed pre-crisis sale is delayed again
Nordic to restructure fund VII, roll €2.2bn into new vehicle
Buyers Goldman Sachs and Coller Capital are offering an 11% premium to NAV to existing LPs
Idinvest/Eurazeo merger: Going global
Eurazeo's permanent capital and an international footprint will help Idinvest attract an international LP base
LP consortium to seed six PE firms for $1bn
Reports cite research director Ashby Monk speaking to CalSTRS' investment committee
HQ Capital appoints four to advisory board
Advisory board is set to meet twice a year and will advise the executive board of the buyout firm
German tax act gives LPs exemption rate of 80%
New rules apply to German and international funds treated as corporate taxpayers
Q4 Barometer: Deal volume and aggregate value slide
Despite a boom in both dealflow and aggregate value across 2017 as a whole, the final quarter of the year saw a slowdown in activity
CEE mid-market players welcome renewed attention from larger GPs
Focusing on the mid-market pays off, as renewed interest from international sponsors affords interesting SBO opportunities
Abac launches venture fund to invest in Spanish start-ups
Vehicle, created in partnership with Rubén Bonet, will invest up to €100,000 per round
Turkven to raise fourth fund in H2 2018
Fund is a follow-up to the current fund, Turkish Private Equity Fund III, which held a final close in 2012 on $840m
Altamar appoints Caturla as managing director
In his new role, Caturla will be responsible for coordinating investment management products
CalSTRS looks to widen co-investment and direct investing
US LP, worth $224.8bn, is consulting on setting up direct investment capabilities