Industry
UK - SVG rights issue raises £100m
Listed LP SVG Capital has today announced the results of its rights issue, having received valid acceptances for around 52% of offered shares and sub-underwriting commitments from existing shareholders that have raised a total of ТЃ100m.
EUROPE - Candover reveals full extent of downturn
Candover Investments Plc today announced its final year results for 2008, revealing a sharp aggregated writedown of more than 50% in NAV following five successive years of increases.
UK - Spirit's Adler & Allan makes further acquisition
Spirit Capital Partners' portfolio company Adler & Allan has acquired the UK port and harbour response businesses of Oil Spill Response and East Asia Response for an undisclosed sum.
UK - 3i postpones Fairline auction
Market rumour suggests UK-based private equity group 3i has decided against the sale of luxury yacht and powerboat-maker Fairline Boats.
Austria - Frankenstein legislation
Austrian private equity's economic woes are exacerbated by ill-suited legislation, hindering the industry from playing its beneficial role due to cumbersome regulation. Mareen Goebel reports