Industry
Moody’s forecasts €33bn+ LBO default
More than a quarter of unrated private equity LBO debt will default by 2015, according to ratings agency Moody’s.
Scandinavian banks downgraded by Moody's
Moody's has downgraded some of the most popular private equity debt providers in Scandinavia.
Tax authority demands Nordic Capital execs repay SEK 412m
Nordic Capital executives have been ordered to repay SEK 412m in carried interest tax, after the Swedish tax authority reached a final verdict in a lengthy investigation.
French LBOs top European performance tables, says AFIC
LBOs generated higher returns in France than in all other European countries in 2011, although their performance declined year-on-year, according to a recent study by private equity association AFIC.
Norway joins carried interest tax push
The Norwegian tax authority will classify carried interest as standard income, putting a few hundred million NOK of carried interest at risk.
CVC Capital Partners said to raise €10.75bn fund
CVC Capital Partners is in the process of raising a new Europe-focused fund targeting €10.75bn ($13.5bn), reports suggest.
Italian GPs ask: Why Not Italy?
Why not Italy?
European assets remain attractive despite euro crisis
Despite worries about Greece, Spain and Italy, US investors have demonstrated a continued appetite for European assets. Europe still remains a tough market for the moment and funds will have to play their cards right to maintain the interest of big American...
Private equity can unlock hidden investment opportunities, says Capital Dynamics
Concern about investing in Europe has obscured numerous investment opportunities, says Mark Drugan, managing director of European investment management at Capital Dynamics.
Welcome to the new look unquote.com
Welcome to the new look unquote.com
Eurazeo's Europcar turns to high-yield for refinancing
French car rental company Europcar, a portfolio company of listed private equity group Eurazeo, has raised €324m on the high-yield market to refinance its debt.
Swiss PE market threatened by regulatory reform
Regulation to hit Swiss PE market
Interview: Omnes Capital’s Fabien Prévost
GP Interview: Fabien Prévost
Carried interest reform sweeps across Europe
As many European governments impose austerity measures, there is a growing demand for a crackdown on loopholes enabling the wealthy to reduce their tax bills. This has led to a re-examination of the rules surrounding carried interest and several major...
Dry powder will drive 2012 dealflow - Bain
Extensive dry powder, few exit opportunities and tough fundraising conditions will be the major drivers of private equity globally, according to Bain & Company.
Fundraising activity up by 80% in 2011
European private equity and venture capital fundraising increased by 80% in 2011, according to recent figures released by EVCA.
UK: GP confidence wanes
Only 57% of UK-based PE houses expect the British economy to pick up in 2012, according to Investec's latest private equity industry barometer.
Law firm e|n|w|c in merger with Taylor Wessing
Austrian law firm e|n|w|c has merged with international counterpart Taylor Wessing.
Governments' contribution to VC up six-fold
Government agencies and corporates are increasingly active in venture – but they should push further in support of European VC, argues Olivier Marty
Lack of distributions continues to fuel secondaries
Exit woes fuel secondaries
GPs warned over exit clauses
GPs are being warned to ensure pre-emption rights on deals are properly drafted, after recent cases highlighted potential pitfalls.
High yield to revive Europe's loan market
High hopes for bonds
Carlyle falls short of IPO target
The Carlyle Group raised $671m in its initial public offering, falling significantly short of its already conservative target of $762.5m.
AIFMD: Concerns over lack of suitable depositaries
AIFMD: Depositary shortage fears