Industry
CEE private equity: Light at the end of the tunnel?
If people had been beginning to get comfortable with a slow, but steady recovery from the worst recession in living memory, the crisis surrounding the Greek economy will have served as something of a wake-up call. The issue, and the potential for dire...
AIFM Directive: The end is nigh
European finance ministers approved the Alternative Investment Fund Managers’ (AIFM) Directive yesterday, more than a year after the controversial regulations were first proposed. Despite this long process, many of the private equity industry’s objections...
Milbank hires Rinne for new antitrust practice in Germany
Law firm Milbank, Tweed, Hadley & McCloy has appointed antitrust lawyer Dr Alexander Rinne as partner in its Munich office.
Deutsche promotes Bagshaw to head of PE unit
Adam Bagshaw has reportedly been promoted to head of Deutsche Bank's private equity unit, replacing Rob Firth, who left the bank last month to join Bank of America Merrill Lynch.
A&M opens office in Warsaw; appoints head of restructuring
Turnaround specialist Alvarez & Marsal (A&M), has expanded its presence in Central and Eastern Europe with the opening of an office in Warsaw, Poland.
Reporting: Getting a fair view on fair value
Estimating 'fair value' for portfolio companies has become more complex since the financial crisis, due to volatile financial markets and the lack of relevant comparable transactions. The term itself was only incorporated into the private equity industry...
Carey Olsen boosts team with four
Carey Olsen has bolstered its team with four hires, including specialist funds lawyer, Oliver Quarmby.
LPs speak out on private equity communications
In a recent study undertaken by IE consulting, 60 Limited Partners from across the globe were invited to share their thoughts on the effects of the financial crisis on their private equity investing and to rate how well their private equity fund managers...
George Osborne set to vote against AIFM
Britain’s new Chancellor, George Osborne, is set to vote against the Alternative Investment Fund Managers (AIFM) Directive, according to reports.
3i returns up in 2009/10
3i made a gross portfolio return of £843m according to its full year results, after suffering losses in excess of £2bn in the previous financial year.
Pavoncelli departs Lazard to set up PE outfit
Riccardo Pavoncelli is to launch a private equity investment company for private wealth investors, following his departure from Lazard at the end of March, according to media reports.
BVCA warns Tory-Lib Dem government on CGT
The British Venture Capital Association (BVCA) has warned the country’s new Conservative-Liberal Democrat government against making a rushed decision on capital gains tax (CGT).
AlixPartners appoints two directors to London team
AlixPartners has appointed Nick Bradley and James Priestly to its London office.
German investment ordinance review - effects on private equity
German insurance companies constitute a significant class of German institutional investors in alternative investments, including private equity. After a period of stagnancy, the German Investment Ordinance on the Investment of Restricted Assets of Insurance...
Take-privates: Private equity firms scan the market
Despite a broad recovery in world stock markets, listing portfolio companies has been somewhat hit and miss in early 2010. While few companies have made the leap to public ownership, there have been a string of take-private deals in recent months, suggesting...
Fortis sells fund administration arm to Credit Suisse
Fortis Bank Nederland (FBN) has agreed to the sale of its fund administration unit, Prime Fund Solutions(PFS), to Credit Suisse.
Endless promotes four
UK buyout and turnaround specialist investor Endless has promoted Aidan Robson, James Woolley, Indra Valeinis and Lucia Villamor, with immediate effect.
Close Brothers Corporate Finance renamed
Close Brothers Corporate Finance (CBCF) has been renamed DC Advisory Partners, following its acquisition by a Japanese investment bank.
Next stage in AIFM vote delayed
The latest vote on the Alternative Investment Fund Managers (AIFM) Directive has been delayed until 17 May.
LDC backs SMEs with new £100m commitment
Lloyds Development Capital has committed £100m over the next three years to back businesses in the South West and South Wales, the Thames Valley and the home counties.
Stonefund changes office
Belgium-based investor Stonefund has relocated to new offices.
3i appoints Sir Adrian Montague as chairman
The board of 3i Group plc has appointed Sir Adrian Montague CBE as chairman, effective following 3i’s AGM in July 2010.
AXA partners with Resource Partners; boosts CEE presence
AXA Private Equity has established a strategic partnership with Polish private equity advisers Resource Partners, to invest in opportunities across Central and Eastern Europe, particularly in Poland and the Baltic States.
Steadfast appoints Bernecker partner
German mid-market investor Steadfast Capital has appointed Marco Bernecker as partner with effect from 1 April.