Industry
Structural revolution
The deteriorating economic climate is putting increasing pressure on private equity portfolio companies and is likely to lead to the need for complex restructuring operations, as well as potential deal opportunities for some, in the coming months. By...
SICAR amendments are good news for GPs
In October 2008, Luxembourg's dedicated regime for private equity funds was updated. The possibility to create subfunds and the significant enhancement of the Luxembourg Limited Partnership are the two key innovations
EUROPE - Commission holds hearing on PE regulation
The EU Commission is today in Brussels holding its hearing into private equity regulation and conduct in Europe, in what should be a significant step towards a conclusion of the long running political debate. Prior to the conference, an industry "task...
Statistical slide
With both final quarter and year end statistics being published in the last month the full extent of the downturn in 2008 is revealed, but there are some rays of sunshine amidst the gloom. Ashley Wassall reports.
GLOBAL - GIC and Future Fund acquire 7.7% of Apax
Apax Partners has sold nearly 8% of it its management company and future carried interest to GIC Special Investments and Future Funds, two Asian-Pacific investors.
UK - BVCA launches cleantech group
The BVCA has launched a new body called Energy, Environment and Technology Group, which will provide guidance and advice to government, investors and companies active in the cleantech and renewable energy sectors.
SPAIN – N+1 Dinamia joins LPEQ
Spanish listed vehicle Dinamia, which is managed by N+1, has become the 14th member of Listed Private Equity (LPEQ), an initiative launched to increase awareness and understanding of the asset class.
GERMANY – BVK and PE firms launch company database
The German Private Equity Association (Bundesverband Deutscher Kapitalbeteiligungsgesellschaften, BVK) has together with a group of international private equity firms launched a company database providing information for scientific research on private...
UK - Mid-market feeling the squeeze
Figures published today in the unquote" UK mid-market barometer, produced in association with LDC, reveal that investment levels in the UK mid-market saw broad declines across the board in 2008, though there were some areas that showed a degree of resilience....
EUROPE – 3i Group acquires 3i Quoted
3i Quoted Private Equity today agreed to be acquired by 3i Group in a deal that values 3i QPEP at ТЃ355.2m. The acquisition will be effected through a solvent liquidation of QPEP, allowing 3i to acquire the 55% stake in 3i QPEP it did not already own....
Everyone needs boundaries
Professionals concur that the mid-market is the true engine of European private equity growth. But what are the boundaries?
EUROPE - 3i sells stake in Infrastructure
Listed private equity firm 3i has reduced its stake in its infrastructure fund to a third after selling 77 million shares. The placing raised ТЃ61m towards the ТЃ2bn debt pile the investor has accrued; half of which is due in the next three years.
LUXEMBOURG/DACH - Sal Oppenheim creates new investment holding
German private bank Sal Oppenheim is reorganising it business and investment activities, with all investment holdings being placing into a newly formed entity that will be independent from the bank.