Industry
Abacus acquires Portal Fund Administration
Abacus has acquired Isle of Man-based Portal Fund Administration Limited, expanding its service capacity.
H2 Equity Partners moves London office
H2 Equity Partners has announced a new address for its London office.
Fundraising evolves for a difficult climate
While public financial markets remain punch drunk from the latest series of downgrades, debt crises and bailouts, private equity has, by necessity, been slowly emerging from one of its most difficult periods.
Would the real patient capital please stand up?
Nearly two decades of PE ownership has taught the management of V.Ships that not all financial backers are created equal. Kimberly Romaine speaks to CEO Clive Richardson about the pros – and cons – of private equity ownership.
Leverage drives up prices, not returns
PE pays more for assets than trade, with the debt lining vendors’ coffers rather than enhancing buyers’ returns, according to a recent study. Kimberly Romaine reports.
Swedish minister for finance attacks private equity tax shield
Sweden's minister for finance, Anders Borg, has hit out against the Swedish private equity industry's use of tax shields, promising a crackdown.
LPs: Crisis overstated – mid-market offers best prospects
LPs hold out high hopes for Europe’s mid-market. However GPs must strategize carefully. Kimberly Romaine reports from Budapest.
Venture’s global outlook drives success
Europe may gradually and finally be shedding its image as the ugly duckling of alternative assets investment opportunities. Kimberly Romaine reports from Budapest.
KPMG scoops ICAEW corporate finance award
Jonathan Boyers, corporate finance partner at KPMG's Manchester office, was named corporate financier of the year at the ICAEW awards last night.
DACH Congress: Fundraising targets €7bn
Despite a sombre economic backdrop, DACH private equity deal doers are remarkably upbeat, with two thirds of today´s unquote" Congress in Munich convinced that LP appetite for the region is actually rising.
LMS chair ousted as firm prepares to wind-down
LMS Capital’s non-executive directors have asked chairman Robert Rayne to resign from the board, it was revealed today.
DACH Congress: GPs upbeat despite economic challenges
In the current economic climate private equity funds in Germany can still look forward to good dealflow despite concerns over banking and regulation. Diana Petrowicz reports from unquote’s DACH Congress in Munich.
Q&A: Jeremy Golding talks investment strategies
Emanuel Eftimiu speaks to Golding Capital Partners’ Jeremy Golding about his allocation strategy, expectations for the asset class and what to avoid when fundraising.
State Street acquires Complementa Investment
State Street Corporation has acquired financial services provider Complementa Investment-Controlling.
LSK and WSA merge to create new law firm
French law firms LSK and WSA have merged to create a new entity, Marvell Avocats.
Ex-Freshfields and Milbank lawyers found new firm
Tilmann Gütt and Heiner Feldhaus, formerly of Freshfields, and Sebastian Olk, ex-Milbank Tweed Hadley & McCloy, have announced the launch of a new law business in Munich.
Buyout firms get to grips with pension risks
Pension liabilities are of increasing concern to buyout practitioners, who need to mitigate risks and ensure they can reach agreement with stakeholders.
AtriA and Duke Street: talks fall through
The ongoing discussion regarding Duke Street's acquisition of French GP AtriA Capital has fallen through, according to French daily Les Echos.
AXA confirms PE unit sale, bidders line up
Insurance group AXA has confirmed that it is currently reviewing options for the sale of its private equity unit, AXA Private Equity (AXA PE).
Buyout firms get to grips with pension risks
Pension liabilities are of increasing concern to buyout practitioners, who need to mitigate risks and ensure they can reach agreement with stakeholders.
European Commission proposes transaction tax
The European Commission has formally proposed implementing a tax on all financial transactions to help plug the EU’s finances.
Miliband launches fresh attack on private equity
The private equity industry has once again come under fire from Britain’s 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....