Industry
GERMANY - PEF donates to two German charities
The Private Equity Foundation has donated to two Germany-based charities, taking the funds' total investment in the country to EUR 400,000.
Q&A - Neil Harper
Head of European Investments, Morgan Stanley Alternative Investment Partners
Playing a long game
The current market requires patience and adaptability. Kimberly Romaine reports
Covenant amendment and maturity extension: the new refinancing?
Corinna Mitchell. a partner of Dechert LLP, outlines the options for companies inching towards default, and suggests the quickest solutions may not be best for the long-term health of the company
FRANCE - PAI offers investors to halve commitment
PAI Partners has offered to return up to 50% of undrawn commitments back to investors in its fifth fund, following the departure of chief executive Dominique Megret and his right hand man Bertrand Meunier, which triggered a key man clause.
EUROPE - ML Capital launches alternative assets advisory service
ML Capital has today launched an alternative assets advisory and business solution service, dedicated to advising private equity and hedge fund managers on how to meet current market expectations.
DACH - German Private Equity Partners in liquidation
German Private Equity Partners, which was founded in August 2007, is being liquidated.
EUROPE – Specialist or generalist ?
"We will see a shift from local generalist funds to global sector specialists," said Simon Havers, BVCA chairman and managing director of Baird Capital Partners Europe. He was speaking at this morning's Capital Creation panel, which debated the future...
EUROPE – Remuneration a hot topic
A central theme this morning at the Capital Creation event was remuneration: As bankers worldwide prepare for their compensation packages to shrink, many in the private equity industry are championing maintaining the high levels of salary and bonus paid...
GLOBAL - KKR to delay launch of next buyout fund
Reports suggest that KKR is delaying the launch of its next buyout fund until next year, after having already invested 70% of its previous $17.6bn vehicle that closed in 2007.
GLOBAL - IPEV publishes updated valuations guidelines
The International Private Equity and Venture Capital Valuation (IPEV) Board published its updated version of the Private Equity Valuations Guidelines today. Significantly, the updated version highlights the importance of consistency with international...
FRANCE - Investors discuss future of PAI fund
PAI partners' investors are meeting up today in Paris to discuss the future of the investment house. The meeting follows the departures of chief executive Dominique Mégret and executive committee member Bertrand Meunier which triggered the key-man clause...
EUROPE - Entertainment Capital Advisers launched
Premila Hoon, former global head of media and entertainment structured finance at Societe Generale, has co-founded Entertainment Capital Advisors (ECA), a specialist media and entertainment strategic and financial advisory firm.
Now more than ever, it's who you know
Private equity has always been about backing strong management. A look at Graphite Capital's recent track record highlights how recycling talent is vital. Kimberly Romaine reports
Q&A - Martin Day, Managing director, OMERS Private Equity
Deborah Sterescu speaks to Martin Day, managing director of OMERS Private Equity about what went wrong during the boom years and what both LPs and GPs are doing better now
On a code to nowhere
With banks coming down hard on portfolio companies breaching their covenants, the BVCA is trying to quell the situation by producing a code of conduct. Doubts abound that the code will have an effect, writes Deborah Sterescu
CZECH REPUBLIC - Enterprise Investors opens in Prague
CEE-focused private equity house Enterprise Investors (EI) has opened a new office in Prague, which will be headed up by Ivan Jakubek.
Cause for optimism
Q2 figures from unquote" show that deal activity in the Nordic region is picking up. Rikke Lilla Eckhoff takes a closer look at the numbers
Slow but steady ..
Having bucked the wider European trend throughout much of 2008, French buyout activity has tailed-off of late. However, there is evidence to suggest that the market may soon turn back, writes Francois Rowell
Pinstriped chameleons
For many private equity firms, distressed debt investors are becoming the elephant in the room. As banks syndicate debt down or offload it, much of it ends up in the hands of hedge funds and other opportunistic investors, some of whom use that position...
Mad not to invest?
Of the few Nordic buyouts completed this year, three have been in healthcare services. Traditionally a government funded sector, healthcare offers plenty of opportunity for private equity value-add, but investors should tread carefully. Rikke Eckhoff...
Q&A: Katharina Lichtner
Managing director and Head of Research at Capital Dynamics