Industry
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.
Neil Price to head Lloyds North West debt PE team
Lloyds TSB has appointed Neil Price as head of its North West Corporate Markets acquisition finance unit, to oversee the development of debt facilities to support private equity -backed transactions in the region.
AIFM vote put back to autumn
A crucial vote on the Alternative Investment Fund Managers’ (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.
Report: Nordic private equity is warming up
While buyout markets in the rest of Europe are only showing modest signs of stirring, activity levels in Europe’s most northerly region are picking up nicely, indicating that the two-year winter for local buyout investors may be giving way to spring.
Emergency Budget: Osborne hikes CGT to 28%
UK Chancellor George Osborne has announced a swathe of tax changes in his emergency Budget. With capital gains tax (CGT) up and corporation tax set to be cut, how will these and other changes affect private equity managers and their portfolio companies?...
BNPP PE backs Acropolis Telecom with additional €1.8m
BNP Paribas Private Equity (BNPP PE) has invested a further €1.8m in French telecom operator Acropolis Telecom. This is the second time BNPP PE has invested in Acropolis, having initially invested €700,000 in May 2009.
Investec to increase private equity mezzanine financing
Investec is working on plans to increase asset based lending and mezzanine funding to mid-market private equity investors over the next 12 months.
UK mid-market: Going global
Competition for deals in the UK mid-market is hotting up as opportunities remain limited. Offering management teams the opportunity to grow their business internationally can make the difference to a bid as Emanuel Eftimiu finds out.
Partners Group closes mezzanine fund on €553m
Swiss-based Partners Group has closed its mezzanine fund Partners Group European Mezzanine above target at €553m. The fund attracted investments from corporate and public pension plans, insurance companies, financial institutions, endowments as well...
Cross-border investments : Getting into the French market
The acquisition of French company FDG by Deutsche Beteiligungs (DBAG) is the first example in recent years of a German private equity house shopping across the Rhine. Whilst the country has historically been one of the largest buyout markets on the continent,...
Inova Capital sold by Torreal
Inova Capital has been sold by Torreal to investment firms Ibersuizas and GB Inversiones.
Inflexion catches Fish Insurance
Inflexion Private Equity has acquired Preston-based Fish Insurance from Mosaic Private Equity in a secondary buyout.
Panoramic Enterprise Capital Fund achieves first closing on £34m
Panoramic Growth Equity has reached the first closing of its SME growth fund, Panoramic Enterprise Capital Fund 1 (Panoramic ECF 1), on £34m.
EVCA elects Fricke as chair
Uli Fricke has been elected chairwoman of the European Venture Capital Association (EVCA).
Private equity derivatives: Hedging your bets
Derivatives have come to be accepted as a way of life for many asset classes, including publicly traded equity. However, the emergence of the products in the private equity space has raised some eyebrows. Questions have been raised over whether they can...
Brit Insurance shares jump after declining private equity offer
Brit Insurance shares jumped 20% this morning after the firm rejected a private equity approach, according to reports.
Private equity LPs flock to the Nordic region
The Nordic private equity model is becoming increasingly attractive, according to industry experts. Rikke Eckhoff reports from the unquote” Nordic Private Equity Congress in Stockholm.
Swedish Central Bank chief warns on continued threats
Lars Nyberg, deputy governor of the Swedish Central Bank, said the Swedish economy is not out of danger, in his keynote speech at the unquote” Nordic Private Equity Congress 2010. Viktor Lundvall reports.
Olicom files for bankruptcy
Danish venture capital firm Olicom today announced it has filed for bankruptcy.
Buse Heberer Fromm opens in London
German law firm Buse Heberer Fromm has opened a representative office in Procter Street, London, which is its eighth office abroad.
Italy: Bankruptcy Act improves private equity’s position
Like other European nations, Italy has enacted a number of emergency measures to respond to the market crisis. This goes far beyond the €24bn emergency budgetary measures: one particularly interesting addition by the Italian government is an attempt...
Colin Ellis joins BVCA as chief economist
The British Venture Capital Association (BVCA) has appointed Colin Ellis as its chief economist.
German industry: Getting the European economy working
Manufacturing is one of the most important sectors in the German economy, and the country's heavy industry base seems to be experiencing a revival as the global economy improves. As Europe's biggest manufacturer, the health of German industry is also...