Industry
Diligent Danes
Amid market talk of a horrific fundraising environment, Danske Private Equity are in the middle of closing its fourth private equity fund-of-funds, determined to commit capital while other funds-of-funds sleep. Rikke Lilla Eckhoff discusses reporting...
UK - PIP sells further fund interests
Pantheon Ventures' listed fund-of-funds investment trust, Pantheon International Participations plc (PIP), has completed its second round of disposals in a week, taking the total raised to ТЃ206m.
UK - Terra Firma pumps £28m into EMI
UK buyout firm Terra Firma has reportedly injected ТЃ28m into beleaguered music group EMI for the second time in six months.
UK - Ashmore invests EUR 5.1m into AGOL
Listed investor group Ashmore Group plc has invested in excess of EUR 5m into its publically traded special situations-focused fund Ashmore Global Opportunities Limited (AGOL).
GERMANY - Silver Point and Pamplona bid for Montagu's Kalle Nalo
Silver Point Capital and Pamplona Capital are reported to be among the bidders for Montagu Private Equity-owned sausage casing manufacturer Kalle Nalo, which is is being sold through an auction process.
ITALY - F2i and AXA acquire 80% of Enel's gas network
F2i and AXA Private Equity have acquired an 80% stake in Enel Rete Gas SpA from its parent Enel Distribuzione SpA, in a deal valued at EUR 480m.
ITALY - PAI's Saeco sold to Philips
According to reports PAI Partners has sold portfolio company Saeco International Group SpA, a manufacturer of coffee machines, to Royal Philips Electronics NV for an estimated EUR 200m.
GERMANY - PAI to inject EUR 135m into Monier
French buyout house PAI Partners has reportedly offered to inject an additional EUR 135m of equity into troubled building materials company Monier Group (formerly Lafarge Roofing), as part of a revised restructuring plan that would also see lenders take...
GERMANY - HBM Partners seeks buyer for Brahms stake
According to press reports, Swiss investor HBM Partners is seeking a buyer for the minority stake it holds in German medical diagnostics business Brahms Diagnostica GmbH.
SPAIN - Landon carries out EUR 28m capital increase
Landon Investments, the venture capital arm of Spanish family office Grupo Corporativo Landon, has completed a EUR 28m capital increase.
EUROPE - Platina launches new asset management company
London-based Platina Partners, a private equity fund manager specialising in renewable energy and buyouts in turnaround situations, has launched a new asset management company, Engineering Renewables Ltd (ERL).
UK - Montagu in legal battle with GHD co-founder
Private equity group Montagu is reportedly in a legal battle with the co-founder of its portfolio company Good Hair Day (GHD), Martin Penny.
EUROPE - Barclays boosts European mergers advisory business
Barclays plans to hire as many as 65 bankers for its European mergers advisory business in an attempt to become one of the top three global securities firms.
UK - Blackstone looks to acquire Brixton
Private equity group Blackstone is reportedly interested in acquiring Brixton, the biggest owner of warehouses in Britain.
UK - Gresham to back MBO of listed Formation Group
Private equity firm Gresham is reportedly backing the ТЃ25m management buyout of AIM-listed sports and talent-management agency Formation Group, which represents the likes of Simon Cowell, Ant and Dec and footballers including Manchester United's John...
UK - BC Partners shelves $5bn iShares bid
According to reports, BC Partners has taken its $5bn bid for Barclay's iShares off the table, following Barclays decision to sells its asset management division, Barclays Global Investors (BGI) as a whole, including iShares.
EUROPE - Max Planck Innovation and LSP launch DDC Ventures
Max Planck Innovation GmbH, the technology transfer arm of Germany's Max Planck Society, has teamed up with Life Sciences Partners ( LSP) to launch DDC Ventures, a EUR 100m venture fund.
CEE - Recovery to be protracted
The economic recovery of the Central and Eastern European region is going to be long and protracted, resembling much more a "fish hook" than a V- or U-shape, according to Tibor Almássy of PricewaterhouseCoopers, speaking today at the 3rd annual unquote"...
SPAIN - Daiwa takes over Atlas Capital
Following the acquisition by Daiwa SMBC of UK-based Close Brothers Corporate Finance, the Japanese bank has purchased Spanish corporate financier Atlas Capital.
ITALY - Clessidra to acquire Cavalli stake
Market rumour suggests that this summer could see private equity firm Clessidra finalise the acquitision of a 20% stake in fashion house Roberto Cavalli.
GERMANY - Buyout houses bid for Springer
Six bidders have entered the second round of bidding to acquire a EUR 500m stake in Cinven and Candover-backed publisher Springer Science and Business Media, with four comprising major buyout houses.