Industry
Electra Private Equity reduces discount to NAV
Electra Private Equity improved its discount to NAV ratio and recorded higher exit and investment activity in the past year.
LPEQ updates reporting guidelines
LPEQ has updated its reporting guidelines for listed private equity funds following feedback from stakeholders.
Better Capital still trades above NAV
Listed PE firm Better Capital has continued to trade above its NAV per share in the six-month period ending on 30 September 2012.
Apollo negotiates stake in Aurum Holdings
Apollo Global Management has shown interest in acquiring a stake in British jewellery company Aurum Holdings, according to The Telegraph.
French deal volume at 14-year low
French investment volumes in 2012 are set to be the lowest seen in the country for over a decade, according to the latest figures from unquote” data.
SVCA report reveals dive in venture activity
Sweden venture capital activity is at its lowest level since 2007, according to the SVCA’s latest quarterly report.
Herkules Capital's Pronova BioPharma receives takeover bid
Herkules Capital's Norwegian portfolio company Pronova BioPharma has received a voluntary cash offer from German chemicals company BASF SE.
Interview: SVB's Allan Majotra
Anneken Tappe speaks to Allan Majotra, director of Silicon Valley Bank’s Private Equity Services Group, about the role of funds-of-funds and regulatory developments.
Warburg Pincus-backed Premier Foods to cut 900 jobs
Warburg Pincus portfolio company Premier Foods has announced plans to shut down two bakery sites in Greenford and Birmingham next year, in addition to the previously announced closure of its Eastleigh bakery. The decision will result in 900 job losses...
Volume of exits increases in October
After a slow September, exits picked up again last month, but overall volume seems lower as the year comes to an end.
Top 5 largest funds of all time
Last week, Advent International raised one of the biggest private equity funds investing in Europe in recent years, but how does it compare with the largest funds of all time?
Report indicates tough times for PE ahead
GPs are increasingly negative about fundraising and worried about the impact of the economy on their portfolio companies, according to Grant Thornton’s latest private equity report. Anneken Tappe reports
The pitfalls of turnaround investing
Turnarounds are in the news once again, with the decision by specialist investor OpCapita to put struggling electricals retailer Comet into administration. Last week, Deloitte took over the administration of the business, and on Monday made over 300 staff...
CapMan Buyout X holds first close
CapMan Buyout X has held a first close at €152m.
EIF commits €20m to Aster Capital cleantech fund
The European Investment Fund has committed €20m to the French cleantech venture fund Aster II.
3i on track with restructuring plan
3i says it is continuing to make progress in reducing its cost and debts as part of its restructuring plan announced in June.
Apollo officially launches new $12bn fund
Global private equity house Apollo Global Management has started marketing its eighth buyout fund with a $12bn target, co-founder Josh Harris announced during a presentation at the Bank of America Merrill Lynch Banking and Financial Services conference...
Sweden continues to lead Nordics
Sweden outpaced its Scandinavian neighbours in the 12 months leading up to November. A SVCA study shows that industry optimism returned just in time for year-end.
Nomura targets PE-like returns with new index
Nomura and QES (Quantitative Equity Strategies) have launched the daily investible long-only index PERI (Modelled Private Equity Returns Index).
Sofinnova closes largest European life sciences fund in years
Sofinnova Partners is due to announce a final close on its seventh life sciences fund in the second week of December, unquote” has learned. Kimberly Romaine reports
Carlyle back in the black
The Carlyle Group reported net income of $219m in Q3, returning to profit after last year's loss of $191m.
Partners Group completes secondary share offering
Partners Group has successfully sold an additional 3,350,001 shares at CHF 183 per share on the SIX Swiss Exchange.
Eurazeo and IDI post positive figures for Q3
French listed PE players Eurazeo and IDI have seen an uptick in their NAV per share in the three months between June and September.
Swedish authorities continue to press for tax change
Sweden's tax authorities are vehemently pushing for a change in the taxation of proceeds for private equity fund managers.