Industry
French mid-cap: AtriA merges with Naxicap
Troubled French mid-cap GP AtriA Capital Partenaires has merged with counterpart Naxicap.
EU proposes venture capital-friendly fundraising rules
New EU Action Plan proposes to increase funding of SMEs with the help of venture capital funds.
Growth funding: is it all downhill from here?
Expansion and early-stage deal numbers declined steadily in Q3 2011, leaving the industry expecting a grim final quarter of the year. Anneken Tappe reports
LP/GP relations: Communication breakdown?
Both GPs and LPs agree that good communication is a key factor in fundraising – yet both sides seem to overrate their own efforts, according to a recent Acanthus survey. Greg Gille reports
Private equity outperforms public markets, says Montana study
A meta-study by Montana Capital shows that private equity investments generally outperform equivalent public market investments by 3-5%.
Fund T&Cs: Tailored fit
With many GPs currently hitting the fundraising trail – and many more to come – should terms and conditions follow a gold standard to attract investors? Greg Gille investigates
Ian Brown to lead Acquisition Finance at Lloyds
Ian Brown has been appointed to head up the Acquisition finance division of Lloyds Bank Corporate Markets. Brown was formerly Head of European Origination for Lloyds.
Carlyle spin-out Resource doubles fund in top-up
The appeal of a handful of firms belies the dearth of LP appetite for private equity.
BVCA: AIFMD "still damaging"
The BVCA foresees new regulations dawning on the financial services sector will have substantial negative effects on private equity if policy effectiveness is not guaranteed. Anneken Tappe reports
Dutch PE industry embraces regulation
While regulation is the bane of private equity associations across the continent, the Dutch industry extends a warmer welcome than most. Anneken Tappe reports
Industry comments on ESMA's AIFMD advice
European regulator ESMA has published its final technical advice to the European Commission on the AIFMD's Level 2 implementing measures.
Debt fears see all-equity investments wane
The economic climate should be a hotbed for all-equity investments, but the data disagrees. Anneken Tappe reports
Sector specialists: The new industry darlings?
Sector specialisation increasingly appears as an attractive way to stand out in a tough market. But can generalists successfully make the transition – and will it necessarily win over LPs? Greg Gille investigates
AtriA spinout a precursor for 2012?
Edouard Thomazeau and Thibaut de Chassey - two former partners at French GP AtriA Capital Partenaires - have launched a new mid-cap firm. De Chassey talks to Greg Gille about the firm’s strategy and its experience of a tough fundraising market.
Antea buys stake in trading specialist
Antea has bough a 33.3% stake in Amsterdam Capital Trading Group.
Barclays PE spin out Equistone launches
Barclays has sold Barclays Private Equity (BPE) to its management team, to form a new entity named Equistone, which officially launched today.
Regulators raid offices of Swedish M&A lawyer Vinge
The Swedish Economic Crime Authority has raided the offices of legal firm Vinge after arresting an associate for insider dealing.
Regional offices: a real asset for GPs?
At a time when competing for the best assets throughout the UK is proving crucial, do GPs need to look outside London and establish a regional presence? Greg Gille reports
Recession bolsters PE returns
Private equity generates the most excess returns during times of recession, according to research from Golding Capital Partners and the HEC School of Management.
Navigating a fundraise
Forget much of what youтve learned. Wooing LPs nowadays follows few preconceived truths, requiring instead a lot of patience and creativity. Kimberly Romaine reports
France Télécom and Publicis launch €300m VC fund
French companies France Télécom and Publicis intend to jointly commit €150m to a new venture capital fund focusing on internet businesses.
GPs targeting larger funds - study
Around two fifths of GPs believe that their next fund will be larger than the current one, according to research from Investec.
SBOs to dominate dealflow next year
Secondary buyouts will dominate the market for the foreseeable future, say 47% of respondents to Grant Thornton survey.
Is team stability in PE firms overrated?
PE houses have long used team stability as a key argument in PPMs, as it is widely believed to have a positive impact on a fundтs performance and ultimately its appeal to LPs. But new research from Capital Dynamics and the London Business School (LBS)...