Industry
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.
GPs feel heat as LPs raise fund contribution expectations
LPs are increasingly expecting GPs to make a 2% contribution to their next fund, putting pressure on investment professionals to earn carry, according to an Investec survey.
CVC places Evonik shares as IPO markets wake up
CVC is the latest GP taking a more flexible approach to exiting its businesses, selling a share in chemicals business Evonik to institutional investors in preparation for an IPO.
Carlyle earnings disappoint
Carlyle Group's economic net income has declined by 28% compared to last year, causing its share price to fall by almost 8%.
Nordic Capital’s eighth fund holds first close
Nordic Capital has held a first close on €1.7bn for its latest fund, exceeding its expected €1.5bn first-close target.
Italy shines in January thanks to CVC mega-buyout
Italy topped Europe's private equity value charts in January, while the UK recorded the most deals, showing both familiar names and outliers starting 2013 on a high.
Austrian private equity market gathers momentum
Austria’s private equity scene could be on the verge of a mini-boom as January’s deal activity has already outperformed last year’s first quarter.
Ratos made SEK 363m loss in Q4
Ratos made a net loss of SEK 363m in the fourth quarter of 2012 and expects the downwards trend to continue during the first half of 2013.
Private equity's biggest scandals
Public image
Forward Group takes stake in Mercia Fund Management
Evergreen private equity investor Forward Group has taken a stake in venture funds manager Mercia Fund Management (MFM).
SVG banishes the ghosts of the past
Just a year ago, things were looking very bleak for fund-of-funds manager SVG, but yesterday’s announcement of a new partnership with Aberdeen Asset Management has given the firm new reasons to be optimistic about its future.
SVG Capital injects €100m into Cinven
Listed investment trust SVG Capital has committed €100m to the latest fund managed by London-based GP Cinven.
Aberdeen acquires majority stake in SVG Advisers
Aberdeen Asset Management has acquired a 50.1% stake in SVG Capital subsidiary SVG Advisers (SVGA) for £17.5m.
BVCA calls for return of taper relief
The BVCA has called for the return of the controversial taper relief for capital gains tax (CGT) in some cases.
TPG-backed retailer Republic enters administration
British clothing retailer Republic, owned by TPG Capital, has appointed Ernst & Young as its administrator.
ESMA publishes remuneration guidelines
The European Securities and Markets Authority (ESMA) has published guidelines for the remuneration of senior employees in alternative investment funds.
Financial rewards still main incentive for chairmen of PE-backed businesses
The potential of a significant pay-out on exit is still the main incentive for working with private equity-backed businesses, according to a recent survey of 502 UK-based chairmen and non-executive directors (NEDs).
E&Y: Corporates failing to look at PE as potential buyer
Only 3% of corporates surveyed by Ernst & Young for its latest Global Corporate Divestment Study believe private equity funds to be the most likely acquirer should they divest part of their business.
French private equity investors running out of cash
Ticking clock
Doughty Hanson refocuses on private equity
Doughty Hanson has completed its internal restructuring, moving away from real estate and venture, alongside the creation of a new partnership structure.
CapMan to hire new CEO
CapMan’s board of directors has started a search process to replace its current CEO Lennart Simonsen, who is resigning from his position as part of the firm’s development programme.