Industry
Holding periods stretching amid tough exit environment
Holding periods
SMEs want UK to stay in EU – KCP survey
More than three-quarters of SME managers want the UK to remain part of the European Union, according to research conducted by private equity house Key Capital Partners (KCP).
PE and trade players neck-and-neck on mid-market pricing
Mid-cap valuations
Q&A: Alberto Forchielli, Mandarin Capital Partners
Founding partner Alberto Forchielli speaks to Amy King about expectations for the firm's current fundraise, why Germany is the only option left for Chinese industrial investment and Chinese GPs’ lack of international presence.
Carlyle to raise global fund target
Carlyle is expecting to reach the $9bn mark for its latest global fund within this quarter and may even raise it to $12bn, dwarfing its European vehicle, which is expected to close on €3bn, according to reports.
Q1 Barometer: Deal value hits four-year low
Q1 Barometer
Partners Group and Perennius integrate Italian activity
Partners Group and Perennius Capital Partners have announced the integration of their investment and client services activity in Italy.
Ratos reaps SEK 898m exit proceeds in Q1
Listed private equity house Ratos made SEK 898m in exit gains and SEK 798m in net profits in the first quarter, according to the company's latest report.
Advent steps back from CEE: Interview with Joanna James
Advent in CEE
Santander's asset management arm attracts PE duo
Banco Santander has entered exclusive talks with General Atlantic and Warburg Pincus regarding the sale of a stake in its asset management arm, according to reports.
Delta Lloyd drops out of private equity
Delta Lloyd has disposed of the private equity management arm of its investment division, Cyrte Investments BV, and will reportedly no longer deal in the private equity sector in the wake of the Solvency II directive.
Sovereign wealth funds to shape the future of PE
Sovereign wealth funds will be a major LP group in 20 years’ time, according to a panel at the Guernsey Funds Forum 2013. Amy King reports
Norwegian state injects NOK 500m into VC fund
The Norwegian government is set to commit NOK 500m to Investinor AS, a venture capital investment company owned by the Norwegian Ministry of Trade and Industry.
Duke Street hunts for new backers ahead of fresh fundraising
Duke Street Capital is looking for new backers to replace existing investors in its funds ahead of a fresh fundraising attempt, according to reports.
Swedish GPs cash in on pharmaceutical reform
Swedish healthcare bonanza
Capital gains tax overhaul welcomed by Afic
French CGT
France's Elior and Nord-Est in refinancings
Charterhouse's catering business Elior has tapped into the high-yield market to raise €350m, while Oaktree has been able to reap a dividend by leveraging its investment in packaging company Nord-Est, according to local reports.
New Look launches £800m bond offering
Apax- and Permira-backed New Look Group has launched an ТЃ800m senior secured notes offering to pay down its debt.
Candover's Alma Consulting in refinancing talks
Alma Consulting, a French corporate cost-reduction advisory business owned by Candover, could be taken over by its mezzanine lenders, according to local reports.
LP Interview: Hermes GPE's Alan MacKay
LP interview
France to cut back on capital gains tax
Following months of complaints by local entrepreneurs, French president François Hollande is due to announce a simplified and more favourable capital gains taxation regime.
KKR provides debt financing to Spain's Uralita
KKR Asset Management, KKR‘s sub-investment grade manager, has provided a €320m seven-year facility to Spanish building materials firm Uralita.
LBO France's Médi-Partenaires hopes to raise €385m on high-yield market
Médi-Partenaires, a French chain of clinics backed by LBO France and Equistone, is understood to be aiming to raise €385m on the high-yield bond market.
CEE: Under-marketed and overlooked?
Central & Eastern Europe is a strong performer over a 10-year investment horizon, but investors remain wary. Is it time to take another look at the region? Kimberly Romaine reports from Warsaw