Industry
Emerging markets: Tapping into lucrative revenue streams
Emerging markets are increasingly becoming a source of high returns for private equity investors. With some not able to invest in companies domiciled in these regions because of their fund structure, some are looking to back companies in the developed...
Report sparks debate over 'disappointing' returns
The debate over the ability of private equity funds to outperform public markets has been reignited, following claims by the Centre for the Study of Financial Innovation (CSFI) think tank. The CSFI says leverage buyouts produce тdisappointingт returns,...
Bank stress tests: Private equity puts faith in finance
Despite much hype, the European Unionтs bank stress tests, published at the end of last week, were something of a non-event. With just a handful of banks failing the test, Europeтs banking institutions can perhaps be more confident in their business models...
Longbow leads £1.7m Ambicare funding
Longbow Capital has led a ТЃ1.7m funding round in medical devices firm Ambicare Health.
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Recruitment: Tough times poaching top talent
Private equity houses have, it seems, been on a recruitment spree hiring many junior professionals after a two-year lull, as they veer into deal making again and poach top-tier resources from banks. However, they may be in for bumpy ride as banks put...
MJ Hudson heads new generation of law firms
Matthew Hudson has formed new law firm MJ Hudson LLP, which will provide legal advice on the formation of specialist investment funds and the structuring of deals.
KKR in lukewarm IPO
The US listing of global private equity investor, Kohlberg Kravis Roberts (KKR), got off to a lukewarm start with shares losing 2.9% on the first day of trading.
Fundraising: GPs face uphill climb
The wheels of the industry are gradually grinding into motion, with some notable fundraisings in 2010 so far. With activity expected to pick up, what awaits the European GPs looking to refill their coffers later in 2010 or into 2011? Julian Longhurst...
Talks over Candover Investment Plc takeover terminated
A statement issued today by Candover Investments Plc confirmed that discussions with a potential bidder for the company have been terminated.
Family offices staying true to private equity
The fundraising market in the past two years can be described as challenging at best with many LPs said to be looking at reducing their private equity allocations. Results of a recent survey that family offices are seeking greater exposure are therefore...
Axa Private Equity buys Phönix/Strack Group
Axa Private Equity has acquired a majority stake in PhУЖnix/Strack Group, a special valves supplier to the chemical industry.
Venture: Aggressive investing needed in recession
Venture capital was, like other forms of investment, hit hard by the recession, with both volume and value falling during 2009. John Bakie speaks to Intel Capitalтs president, Arvind Sodhani, who says innovation does not stop for a recession, and believes...
Solvency II: Doubts cast over private equity risk measures
The scramble for cash among GPs is set to heat up as they prepare for another reduction in capital allocations т this time from European insurers - as regulators work on plans forcing them to hold additional cash as a buffer against private equity risk....
Iñigo Erlaíz to head new Gómez-Acebo & Pombo private equity practice
Madrid-based law firm GУГmez-Acebo & Pombo has signalled its intention to ramp up the firmтs penetration into the Iberian private equity space by appointing IУБigo ErlaУz as head of a new standalone private equity practice.
Stirling Square buys Environmental Solutions Europe
Stirling Square Capital Partners has acquired waste and recycling systems manufacturer Environmental Solutions Europe Holding from OTTO Group.
Augmentum Capital announces formal launch
Augmentum Capital has formally launched its fund today, looking to invest £50m in private equity investments over the next three years.
Chequers Capital buys Versatel Kabel for €66m
French private equity house Chequers Capital has acquired the cable network business Versatel Kabel from listed German network operator Versatel AG for €66m.
Corporates trump private equity in European M&A
Private equity buyers continue to lag behind corporate buyers in the size of mergers and acquisition (M&A) deals executed in Europe, as cash-rich corporate players flex their muscles to offer both capital and synergies in the space.
Buyout funds: The Alpha factor
Alpha plays a significant role in private equity buyout fund proceeds, accounting for almost a quarter of overall returns. John Bakie reports.
All-equity deals on the rise in 2010
The proportion of all-equity deals being executed by private equity players is on the rise once again, as the debt-underwriting markets continue to lag behind a revival in deal activity, forcing investors to fully back deals to meet vendor deadlines....
AIFM vote put back to autumn
A crucial vote on the Alternative Investment Fund Managersт (AIFM) Directive has been delayed until September.
Q&A: The long road to recovery
Emanuel Eftimiu talks to Dr Frank Thiäner, partner at P+P Pöllath + Partners about the state of the German private equity market.