Industry
LP perspectives
Following the downturn in the markets, the balance of power between GPs and LPs has shifted, giving LPs greater control. Deborah Sterescu speaks to three LPs to find out how their strategies and attitudes have changed
EUROPE - Osmosis appoints Agentius as fund adminstrator; bolsters team
London-based asset manager Osmosis Capital LLP, has appointed Augentius Fund Administration as the administrator for its forthcoming fund-of-funds.
Global - BC Partners writes up value of 2005 fund by almost 25%
Private equity firm BC Partners has reportedly marked up its current fund by almost a quarter in the first half, restoring it to face value.
GLOBAL - Calpers private equity assets plunge 23%
CalPERS' private equity assets have fallen 23% in the last year, the worst annual decline the nation's largest public pension fund has ever reported.
GLOBAL - KKR to merge with KPE
Kohlberg Kravis Roberts & Co (KKR) and Amsterdam-listed vehicle KKR Private Equity Investors LP (KPE) has obtained the necessary approvals to go through with the merger reported on unquote" news last month.
GLOBAL - Capital Dynamics acquires Silicon-Valley based HRJ
Capital Dynamics has confirmed the take-over of Silicon Valley-based HRJ Capital's private equity and real estate fund-of-funds, as reported on unquote" news in April, following the consent of the LPs of HRJ's funds.
GERMANY - Waterland closes A-Rosa Deal
Waterland Private Equity has closed the management buyout of river cruise operator A-ROSA Flussschiff GmbH.
CEE/AUSTRIA - Capexit dissolved; Kaltenegger leaves AVCO board
The industry shakedown has claimed a prominent victim in Austria: Capexit, the private equity arm of Erste Group that invested primarily in the Czech Republic, Austria and Slovakia, has discontinued operations, with the portfolio now in the hands of the...
GLOBAL - LP demand for responsible investment rising
According to a survey published today as part of a guide to responsible investing in pirvate equity, 93% of institutional investors would expect all their potential and future GPs to respond to questions surrounding environmental, social and governance...
UK - GMG decision on code of conduct delayed due to EC plans
The Guidelines Monitoring Group (GMG), an industry-appointed body that tracks UK private equity firms' adherence to the Walker transparency code, has reportedly delayed a decision on whether more buyout houses must conform to the code as a result of debate...
UK - Four Seasons set to agree restructuring deal
The proposed sale of care-home operator Four Seasons Health Care to buyout house Advent International now appears unlikely, as senior lenders agreed terms on a restructuring deal that will see them take a substantial equity stake in the business.
10th Munich Private Equity Training Conference
The 10th annual Munich Private Equity Training (MUPET) was held in Munich and hosted by law firm Pollath + Partners last month. Mareen Goebel joined more than 200 delegates for the two-day event to discuss the current state of the industry
Trust is at the heart of the matter
Mareen Goebel speaks to Dr Frank Thianer, who focuses on private equity transactions, about the challenges and opportunities facing the industry
Once-in-a-lifetime opportunities
Frankfurt-based Close Brothers has doubled its debt advisory team to take advantage of the current prospects, with an uptick expected from Q3 this year. Banks would rather be less aggressive than pursue workouts with companies, but some private equity...
UK - Barclays to offload private equity business
Barclays is reportedly close to a spin-off of its private equity business, just weeks after agreeing the sale of Barclays Global Investors (BGI), its fund management arm.
GERMANY - Apollo to invest in Infineon
Reports suggest that US-based Apollo Management is close to completing an investment of close to EUR 725m in lised chipmaker Infineon, in return for a 29% stake in the company.