Industry
European Commission proposes transaction tax
The European Commission has formally proposed implementing a tax on all financial transactions to help plug the EUтs finances.
Miliband launches fresh attack on private equity
The private equity industry has once again come under fire from Britainтs politicians, accused of asset stripping by Labour leader Ed Miliband.
NIBC Bank spin-off holds €100m first close
Avedon Capital has held a first close of its NIBC Growth Capital Fund II at €100m.
PE in emerging markets: local presence not key?
Speaking at unquote’s 20th anniversary summit in London yesterday, Development Partners International’s Eduardo Gutierrez-Garcia told delegates why his firm felt no need to set up shop in Africa. Other emerging markets tell a different story though. Greg...
unquote" summit: 75% of historical LP base impacted by regulation
Greg Gille reports direct from unquote's 20th anniversary private equity summit in London.
unquote" summit: Social returns of PE 'higher than LP returns'
Susannah Birkwood reports direct from unquoteтs 20th anniversary private equity summit in London.
LeBoeuf beefs up restructuring team
Dewey & LeBoeuf has poached a two-partner restructuring team for its London offices from rival law firm Orrick Herrington & Sutcliffe.
LPs welcome Dodd-Frank but GPs worried
It may be more cumbersome regulation which will see scores of PE firms tightening their compliance regimes over the coming weeks, but a raft of LPs are embracing the introduction of the Dodd-Frank Act. Susannah Birkwood reports
Pass the parcel deals get personal
A spate of private equity investors have acquired portfolio companies from their previous employers in recent months. Is this is a clever way of sourcing deals or a sign of unscrupulous behaviour? Susannah Birkwood finds out
Q&A: The state of fundraising
Greg Gille talks to Antoine DrУЉan, founder, chairman & CEO of independent private equity placement agent Triago, about the current market.
PE law firms look east for expansion
Large numbers of law firms are beefing up their private equity teams both in Europe and Asia, with fund formation specialists and Mandarin speakers in particular demand. Susannah Birkwood reports
Syndication woes spell trouble for German buyouts
At a time when many GPs have finished divesting their vintage portfolios and are looking for fresh investments, the German leverage market is experiencing difficulties with loan syndication, threatening future buyouts. Diana Petrowicz investigates
PE firms creating bidding wars over contingent forwards
Deal-contingent trades, which allow PE houses to hedge their FX risk, have seen a strong revival recently, creating stiff competition among banks.
Moulton: Industry mergers to create fewer, larger players
A tumultuous few years as well as increased legislation will lead to the consolidation of the industry into a smaller number of larger buyout houses via mergers. Unquoteтs Kimberly Romaine talks to Jon Moulton, Chairman of Better Capital.
A third of deals in doubt from September
Recent changes to the Takeover Code would have impacted 32% of UK deals since 2005. But if properly considered, P2Ps will still be do-able. Kimberly Romaine reports.
Luke Johnson: BGF is 'wrong'; covenants key to PE's success
тThe Business Growth Fund is wrong in terms of its pitch,т says Luke Johnson, co-founder of Risk Capital Partners in a video interview with Kimberly Romaine.
Industry fears confirmed as BGF outbids NVM
The Business Growth Fundтs outbidding of private investor NVM appears to justify market concern that the vehicle constitutes unfair competition to smaller PE houses.
Getting on the map: Awareness of PE in the business community
The industry’s efforts to engage with the public have borne fruit, but EVCA’s Hoppner points out it is also circumstantial, with a lack of leverage driving demand for the asset. Greg Gille investigates
Proskauer Rose poaches three for funds team
Proskauer Rose has poached three private equity fund structuring professionals from rivals Kirkland & Ellis and SJ Berwin in recent days, in anticipation of increased fundraising activity.
Bernie Ecclestone accused of bribery in F1 buyout
Formula One CEO Bernie Ecclestone has been accused by German prosecutors of bribing former BayernLB chief risk officer Gerhard Gribkowsky at the time of the company's 2006 buyout.
FATCA - An uneven playing field
Despite being an American law which doesnтt come into force until 2013, the Foreign Account Tax Compliance Act must be dealt with immediately by all international GPs which have US portfolio companies. Susannah Birkwood reports
unquote" Private Equity Barometer – Q2 2011
Preliminary figures released today in the Q2 2011 unquote" Private Equity Barometer reveal renewed activity during Q2.
Hannes Snellman moves Copenhagen office
Hannes Snellmanтs Copenhagen office has moved to a new address.
Q&A: The role of funds-of-funds
Emanuel Eftimiu talks to Tim Creed, executive director and head of Adveqтs European investment programme, about the relevance of fund-of-funds in today's market, the future of large-cap buyout funds and the impact of upcoming regulation.