Industry
Groupama completes disposal of private equity unit
French insurer Groupama has sold Acto Mezzanine and fund-of-funds Quartilium – the remaining entities of Groupama Private Equity – to ACG Private Equity.
Italian private equity’s 2012 highlights
2012 in review: Italy
Terra Firma looking to sell Odeon
Terra Firma is again looking to sell cinema chain Odeon & UCI Group in 2013, potentially raising up to £1bn, according to reports.
Globalturk Capital and Small Enterprise Assistance Fund strike alliance
Globalturk Capital and American Small Enterprise Assistance Fund (SEAF) have agreed to collaborate on growth investments in Turkey.
Merry Christmas from unquote"
The unquote” team would like to wish all our readers a Merry Christmas and a Happy New Year.
European Commission adopts implementing rules for AIFMD
The European Commission has published the Level Two Delegated Acts for the Alternative Investment Fund Managers Directive (AIFMD), which will now have to be implemented on a national level by July 2013.
Headcount and turnover on the rise for French PE-backed businesses
French private equity-backed companies have seen their turnover and headcount grow by 9.1% and 5.2% respectively in 2011, according to a recent study by trade body AFIC and Ernst & Young.
Government to investigate Comet collapse
Vince Cable is to launch an investigation into the demise of electricals retailer Comet, which had been bought by turnaround specialist OpCapita in November 2011 before going into administration a year later.
Research reveals negative outlook for Swedish PE
Almost two thirds of Swedish private equity professionals have a negative market outlook, according to the latest unquote” Sweden Private Equity Index, in association with KPMG.
German PE set to suffer tax blow
While German private equity breathes a sigh of relief over AIFMD implementation, a new threat of tough taxation is rearing its head.
Nordic Capital execs lose tax case
Nordic Capital executives will have to pay income tax on their carried interest, a Swedish Court says.
The advent of a new fundraising breed
Recent fundraising success shows it’s not about fees, but about distributions, people and integrity. Kimberly Romaine investigates
EBRD loans RUB 1.7bn to Orient Express Bank
The European Bank for Reconstruction and Development (EBRD) has provided Orient Express Bank (OEB) with a three-year loan totalling RUB 1.7bn.
Sberbank and Credit Suisse abandon buyout fund plans
OAO Sberbank and Credit Suisse Group have abandoned plans to raise a $1bn buyout fund dedicated to private equity in Russia.
One Equity Partners considers Turkish chem business
One Equity Partners and the Turkish army pension fund Oyak have been bidding to buy a stake in Turkish chemicals firm Akdeniz Kimya, according to reports.
Mobeus launches linked VCT fundraising
Mobeus Equity Partners has launched its third annual linked fundraising for its three VCTs.
VCTs launch; Puma offers incentive
This past week has seen a number of VCTs launch fundraises.
Biffa: A rubbish buyout?
A rubbish buyout?
EU and Switzerland strike agreement on fund supervision
A new cooperation agreement between the Swiss and EU regulators allows information sharing regarding the cross-border operations of alternative investment funds.
GPs tackle Italy’s PR problem
Italy’s PR problem
Software and retail lead 2012 exit league
General retailers and software & computer services lead the exit rankings for 2012.
Nordic PE investment fell in Q3
Private equity funds invested around €1.1bn in the Nordics in the third quarter, €750m less than in Q2, according to the Argentum Q3 2012 Report. The figures paint Q3 as the trough for the region this year.
France's fiscal cliff-hanger
Fiscal cliff-hanger
Leverage not a conclusive factor to explain insolvencies, academics say
Debt is not a conclusive factor in explaining insolvencies for portfolio companies, and PE-backed businesses do not carry more insolvency risk than other companies, according to new research by Imperial College London and Leeds University.