Industry
Afic launches ESG committee
French private equity association Afic has created a dedicated environmental and social governance (ESG) committee to strengthen its commitment to extra-financial business issues.
Axa Private Equity to spin off from parent company
Insurer Axa is set to sell its private equity arm to a management-led consortium, following months of speculation, for €510m.
French private equity back from the brink
Back from the brink
Eurazeo posts 16% NAV increase in 2012
French listed buyout firm Eurazeo saw its NAV increase by 16% in 2012, fuelled by improved contributions from portfolio companies and an acceleration of divestments over the past six months.
German banking reform threat to private equity
The German government's draft proposals for banking reform, based on the Liikanen Report, are seen by many in the private equity industry as yet another threat from legislators, despite the unclear effect it may have on the asset class. Carmen Reichman...
Former Calpers head charged with fraud
A former Calpers CEO has been charged with conspiracy, fraud and obstruction of justice by Californian prosecutors.
Calls for calm over BoE private equity report
Private equity professionals should not panic over the latest Bank of England report on the private equity sector, according to the ICAEW.
LGV Capital to wind down portfolio
Insurer Legal & General has confirmed its private equity arm LGV Capital will stop making new investments, and will instead focus on managing and eventually divesting its existing portfolio.
HgCapital Trust sees NAV rise by 15% in 2012
HgCapital Trust, the listed vehicle investing in all of Hg's private equity transactions, has reported a 15% increase in NAV per diluted share over the course of 2012.
Russian Direct Investment Fund seeks partnership with Germany
State-backed Russian Direct Investment Fund (RDIF) is looking to form a strategic partnership for co-investments with Germany, according to reports.
Fundraising to improve despite AIFMD
European fundraising is expected to improve in 2013, despite the regulatory burden of the AIFMD, according to a panel of experts speaking at the Jersey Finance London Funds Conference.
Duff & Phelps appoint new partner to Leeds office
Duff & Phelps has appointed Jeremy Bennet as partner to lead the firm's new Leeds office.
N+1 launches investment banking activity in Germany
The N+1 group, which includes Spanish GP N+1, has teamed up with German professionals to launch M&A and debt advisory services in the local mid-market.
In defence of private equity
There is increasing noise about unjustifiable fees in an industry that fails to live up to expectations. But this belies some outstanding performances and the promise of new opportunities, finds Kimberly Romaine
KKR reshuffles team ahead of new fund launch
KKR will see two partners, Jacques Garaialde and Reinhard Gorenflos, depart before raising its next European fund, according to reports.
Abris closes latest CEE fund on €450m
Abris has exceeded expectations to reach hard-cap for its Abris Capital Fund II – despite no exits since the GP was founded in 2007.
Axa Private Equity arranges €220m unitranche for IPH buyout
Axa Private Equity has arranged a €220m unitranche debt facility for the secondary buyout of industrial supplies distribution company IPH by PAI partners – a transaction which saw vendor Investcorp reap a €210m windfall.
LP interview: Secondaries come first
LP interview: Idinvest
Portugal's export credentials lure GPs back
Portugal's export edge
Palio to disband as partners join Chenavari
Debt investor Palio Capital Partners founders Mike Henebery, Jerry Wilson and Darren Gibson have joined credit-focused hedge fund Chenavari Investment Managers as partners.
Acanthus: Private equity fundraising remained tough in 2012
Research from mid-market advisory firm Acanthus shows that 2012 saw an even tougher fundraising climate than the previous year.