Industry
Lion Capital meets lenders for Picard buyout
Lion Capital plans to meet lenders to secure a €675m debt package for the acquisition of Picard Surgelés, according to media reports.
Forbion closes two funds
Forbion Capital Partners announced the final closing of two life science funds FCF I Co-Invest Fund and FCF II, raising a total of €190m.
Candover story: Media picture lacks clarity
The announcement by Candover Investments plc that it is abandoning new investments to focus on returning cash from the sale of its remaining portfolio assets has certainly grabbed many headlines in recent days. But is the mainstream press sensationalising...
Three managers spin out from KBC Private Equity
Three former executives of Belgian investor KBC Private Equity have spun out to form new small-cap, later-stage outfit Think2Act Partners, according to local press reports.
Q&A: The evolution of due diligence
Due dilience can be a time consuming process, and seems to be taking longer since the crisis. Emanuel Eftimiu talks to Dr Joachim Scholz of Rothgordt & Cie about the increased emphasis on due diligence in the current environment.
Standard Life head warns against opportunistic takeovers
Standard Life's head of UK equities David Cumming has advised shareholders to resist opportunistic takeover bids, following the £2.89bn take private of Tomkins.
Hannes Snellman opens Copenhagen office
Hannes Snellman has opened an office in Copenhagen as part of its strategy to become a Pan-Nordic law firm.
AFINUM buys Caseking GmbH
AFINUM Management has acquired Berlin-based computer accessories distributor and retailer Caseking GmbH for an undisclosed amount.
US and UK law firms mull over merger
US-based Squire, Sanders & Dempsey L.L.P. and UK-based Hammonds LLP are evaluating the possibility of a merger.
Siemens Venture Capital invests in RTT
Siemens Venture Capital has backed the capital increase of publicly-listed 3D visualisation solutions provider Realtime Technology AG (RTT).
Atlantic-Pacific Capital hires Sandström as partner
Atlantic-Pacific Capital has hired Sarah McFadden Sandström as a partner in its Private Funds business, in a bid to bolster its European project management and advisory services.
Solvency II criticised for ‘inappropriate’ stress test
European regulators have come under fire for choosing an “inappropriate” way to measure the stress caused by private equity investments on insurance companies. Research from Partners Group suggests the regulator’s favoured method of calculating...
Gilde Healthcare III secures Philips commitment
The recently launched Gilde Healthcare III fund has attracted Royal Philips Electronics as a cornerstone investor.
ECM acquires German bakery chain Kamps
ECM Equity Capital Management has bought German artisan bakery chain Kamps GmbH from Lieken AG for an undisclosed amount.
Specialisation key for first-time funds
With relationship-based investing seeping into the markets, as risk averse LPs gravitate towards managers they have had previous relationships with, first-time funds have had to strengthen their people-pitch. A number may have found a way out of the dilemma,...
NVM Private Equity to raise £15m in share issue
NVM Private Equity has announced it will raise £15m in a public offering of new shares for the listed Northern Venture Trust fund.
Goldman Sachs considering private equity spin-off
Goldman Sachs officials are reportedly in discussions about the potential spin-off of a portion of their private equity business.
DIC retains control of Almatis
Dubai International Capital (DIC) has secured approval from a US bankruptcy court for its proposal to restructure the debt of German aluminium business Almatis.
BoA first to bow to Volcker Rule
Bank of America (BoA) has spun out its private equity arm, making it the first to do so since the Volcker Rule was introduced in the US last month.
Growth capital: plugging the funding gap
Following the publication of the Green Paper "Financing a private sector recovery" by the government last week, Emanuel Eftimiu looks at the proposal to find a financing solution for SMEs in the UK.
AC Desarollo backs Grupo NRSur
AC Desarollo, via its fund AC Capital Premier II FCR, yesterday announced its third deal of the year, providing an undisclosed package of expansion capital to back the fast food franchise business Grupo NRSur.
AC Desarollo takes majority stake in Vaughan Systems
AC Desarollo, the private equity investment arm of Ahorro Corporación, has acquired a controlling stake in Vaughan Systems, a Spanish provider of commercial English language training services.
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 ‘disappointing’ returns,...