Industry
The automotive sector: a stable proposition?
The news that beleaguered Stabilus has been taken over by Triton draws attention to the European automotive sector, which, for private equity, remains a dangerous proposition, according to insiders. Mareen Goebel reports.
Investindustrial opens Shanghai office
Southern European investor Investindustrial has opened its regional headquarters in Shanghai, signifying continued expansion into Asia and China in particular.
VSS appoints Hartfelder as head of IR
Veronis Suhler Stevenson (VSS) has appointed Jack Hartfelder as head of investor relations.
LPs & GPs benefit from mutual support
Emerging from the recessions, GPs are facing a new reality in their LP relations. Investors are becoming increasingly selective, and approach negotiations with more assertiveness. However, as Francinia Protti-Alvarez finds, the new GP/LP relationship...
CD&R appoints former Procter & Gamble chief as partner
Clayton, Dubilier & Rice has appointed former Procter & Gamble CEO Alan Lafley as special operating partner.
UK FTF makes first committment to DFJ's third fund
The UK Future Technologies Fund (UK FTF), one of two fund-of-funds which effectively make up the UK Innovation Investment Fund, has made its first commitment into the DFJ Esprit III vehicle, bringing it closer to its £130m target.
Making concessions
Early indications of the results from a recent survey conducted by Nordic unquote” and SVCA, looking at the private equity industry 10 and 25 years from now, suggest the community is already lowering expectations for the future.
unquote" 6 April 2010
LP/GP relationships are changing like never before as investors push for improved terms and increasingly look to bypass GPs and invest directly.
3i appoints two to global IR team
UK–based private equity player 3i has made two senior appointments to its fund investor relations (FIR) team as part of its focus to further enhance its relationships with its LPs around the world.
Octopus VCT closes at £50m
Octopus Investments has reached its £50m capacity for its limited life VCT - open since September 2009. The fund is now closed for new investments.
Southern Europe unquote" April 2010
A quarter into 2010 and European private equity dealflow is still fragile, prompting many GPs to remain on the sidelines. Meanwhile, figures from the upcoming unquote” European Fundraising Review emphasise the fundraising drought of 2009.
CEE: The dark horse of private equity
Overlooked by many LPs, the CEE private equity market could reach a canter before its Western neighbours as it emerges from the recession. Julian Longhurst reports.
General Atlantic appoints special adviser
US-based private equity firm General Atlantic (GA) has appointed Dr Ronald McMahan as a special adviser to the firm.
Advent appoints new operating partner
Advent International has appointed Will Kussell as operating partner.
Terra Firma's EMI needs £120m or risks being taken by Citigroup
Terra-Firma backed EMI, the struggling music group, has failed to secure distribution deals with Sony and Universal, and as a result, could lose control of the business to its lender Citigroup if its current private equity owners refuse to take part in...
HarbourVest to list senior secured loans fund on LSE
HarbourVest Partners has launched a new senior secured loans fund, HarbourVest Senior Loans Europe Limited, which will be admitted to the Main Market of the London Stock Exchange.
Oaktree in talks with TPG over Nordenia
Oaktree Capital is believed to be in talks to sell its portfolio company Nordenia to TPG.
Macquarie expands PE division in Europe with two appointments
Macquarie Funds Group has appointed Mike Siebert and Brenden Woods as portfolio managers to its private equity division.
Impetus Trust invests £400,000 in Blue Sky
Venture philanthropy investor Impetus Trust has invested £400,000 in re-offending social enterprise Blue Sky Development & Regeneration.
Terra Firma's EMI in talks to sell rights in Americas before critical deadline
Terra Firma's EMI is reportedly in talks with Universal Music and Sony Music about selling its distribution rights in the Americas for £200m, in a last-minute attempt to raise cash before a covenant test on its £3.2bn in loans.
Good things come in small-cap packages
Small-cap buyouts: a resilient and promising sector. Deborah Sterescu reports.
Dechert appoints new corporate partner
International law firm Dechert has appointed Jonathan Angell as a partner in its in London corporate and securities practice unit.
Riverside boosts deal origination team with new hire
Global private equity firm Riverside has boosted its deal origination team for the education sector with the appointment of Robert Bowen as senior adviser.