Industry
Apollo listing raises $565m
Apollo Global Management has raised $565m in a delayed IPO.
Altamir Amboise joins LPEQ
Listed vehicle Altamir Amboise has become the first French member of LPEQ, the industry association of listed private equity investment companies.
Baird adds managing director to its London team
International investment bank Baird has appointed Vinay Ghai as a managing director to its London team.
Takeover Code: To bid or not to bid?
Proposed changes to the UK Takeover Code, aimed at giving companies better protection from hostile bids, look set to be adopted. If approved, the changes could have a severe impact on the private equity community, possibly ruling them out from public...
Senior staff leave in further blow for Ibersuizas
Ibersuizas dealt itself a further blow yesterday afternoon by dismissing four of its company’s remaining executives.
Chequers Capital looking to raise new fund
French mid-market buyout house Chequers Capital is marketing a new €800m fund - Chequers Capital XVI - according to media reports.
UK Budget 2011: Tax reliefs welcomed by PE community
A bigger than expected cut in corporation tax and further support for EIS and VCT schemes are likely to be welcomed by the British private equity and VC community.
Apollo to list on NYSE in coming weeks
US fund Apollo is planning to list on NYSE in the coming weeks, according to media reports.
Jon Moulton launches Greensphere Capital
Jon Moulton has launched a new £200m green investment fund known as Greensphere Capital.
Golden age for venture capital trusts
The VCT community is looking forward to a bumper year for fundraising, with some industry players forecasting up to £500m to flow into the vehicles for the 2010/2011 tax year.
Alliance Trust shuts private equity shop
Alliance Trust, the £3.7bn investment house, is closing the door on its private equity arm, Alliance Trust Equity Partners.
Nordic Fundraising Summit 2011
An increasing number of private equity houses are set to join the fundraising trail in the coming months, judging by the amount of investor relations professionals converging in Copenhagen for the Nordic Fundraising Summit 2011 this week. Viktor Lundvall...
Quantifying alpha
Alpha does indeed exist, and is strongest in private equity deals with active ownership; particularly when frequent interaction with - and even changing of - management is involved.
Multiple worries
According to the man on the street, multiples nowadays stand at around 7x EBITDA for assets, up to 9x if it’s a ‘quality asset’ (meaning it stands at 9x, since I know of no GP willing to admit he buys low-quality assets). This is down markedly from...
Challenges in Fund Raising - Implementing Successful Strategies
The myriad fund launches expected for this year will need to demonstrate cohesion, distinction, LP-friendly terms and structures in line with new regulations.
French retail funds: Feeling the strain
FCPI and FIP retail vehicles have been a major source of funding for innovative French SMEs in recent years. But according to a study carried out by French trade body AFIC, these funds attracted fewer commitments in 2010. Is a tougher economic environment...
Financial modelling: Looking into the future
Banks have become more selective in providing debt financing following the worst financial crisis in living memory. Being able to predict what the future holds has therefore become more important and a high quality forecast model can improve confidence...
KKR appoints European head of special situations
KKR has appointed Mubashir Mukadam as its European head of special situations.
LDC's Darryl Eales on the UK mid-market
Emanuel Eftimiu speaks to LDC CEO Darryl Eales about the latest developments in the UK mid-market, and gives his views on what 2011 will bring.
Private Equity: if it isn’t broken...
Speaking in front of a student audience at the London School of Economics on Wednesday, Blackstone president and COO Tony James addressed the potential need for further regulation of the industry. Greg Gille reports
Secondaries in primary position
Secondaries activity breaks $20bn barrier for the first time.
Delphi appoints Marcus Nivinger
Swedish law firm Delphi has hired Marcus Nivinger to join its banking and finance group as partner.
BlackBerry Partners Fund II to launch in June 2011
BlackBerry Partners Fund will launch its second fund, BlackBerry Partners Fund II, in June 2011.
Alleged corruption in Formula One Group buyout
Former BayernLB chief risk officer Gerhard Gribkowsky is being held by the Munich police over allegations of corruption regarding the CVC-backed buyout of Formula One Group in 2006.