Industry
EUROPE - AXA PE signs UN responsible investment principles
French mid-market buyout house AXA Private Equity has signed the Principles for Responsible Investment (PRI) initiative, issued by the United Nations.
UK - Jefferies moves London office
Placement agent Jefferies Helix will be moving its London offices effective 20 July 2009.
UK - Edwards Angell launches PE practice in London
Law firm Edwards Angell Palmer & Dodge has launched a private equity practice in London, which will be headed up by ex-Campbell Hooper partner David Ramm.
GERMANY - Oaktree and DIC team up for Almatis
According to reports, US loan-to-own investor Oaktree Capital has joined forces with Dubai International Capital (DIC) in a bid to acquire a majority interest in alumina maker Almatis, a portfolio company of DIC that is currently undergoing a debt restructuring.
EUROPE - EVCA placement code highlights need for transparency
In response to the ongoing reverberations relating to the New York kickback scandal the EVCA has published a draft code of conduct for placement agents, which highlights the need for greater transparency within the sector.
SWEDEN - Bank takes over ex-Nordic Capital owned Plastal units
Swedish bank Handelsbanken, which underwrote Nordic Capital's EUR 352m buyout of automotive industry player Plastal Holding in 2005, has now taken over the Belgian, Norwegian and Swedish units of the group which went bankrupt in March this year.
UK - ICG launches £351m capital raising
Mezzanine specialist Intermediate Capital Group (ICG) is to raise £351m in a 7-for-2 rights issue.
FRANCE - Siparex opens Strasbourg office
Siparex has opened an office in Strasbourg, its sixth office in France.