Industry
UK - Carlyle to inject £25m into IMO
According to reports, Carlyle Group is negotiating a restructuring with creditors of portfolio company IMO Carwash designed to allow it to maintain control of the business, in a deal that would see it fork out up to ТЃ25m in return for a significant write-off...
EUROPE - Debt-free deals see sharp rise in Q4
According to unquote" data, more than a quarter of the 237 buyouts completed across Europe in the last three months of 2008 contained no acquisition leverage, while in the beleaguered UK a staggering 40% of Q4 buyouts were all-equity deals.
UK - Oaktree in Countrywide talks
Restructuring specialist Oaktree Capital is reportedly in talks with Apollo Advisers regarding the acquisition of a controlling stake in Apollo portfolio company Countrywide, a residential estate agency.
FRANCE/SPAIN - Elaia and Necotec form alliance
French venture capital firm Elaia Partners has formed a strategic partnership with Neotec Capital Riesgo, a Spanish investment fund that focuses on the technology sector through investments into Spanish and European venture capital funds.
EUROPE – Activist shareholder mulls 3i QPE takeover
AIM-listed investment group Crystal Amber has taken a stake in 3i's Quoted Private Equity and is reported to be in talks with management and 3i regarding delisting the fund.
UK - 3i-led consortium drops out of Gatwick bid
According to reports, the 3i-led consortium, which includes two Canadian pension funds, has pulled out of the bidding for London's Gatwick airport.
UK - Coller acquires SVG stake
It is understood that Coller Capital has acquired ТЃ50m of shares in SVG Capital Plc's heavily discountedТЃ70m private placement - making the secondaries specialist the largest shareholder the listed fund.
UK - Alium made corporate partner of IFT
Interim management specialist Alium Partners has been named as a new corporate partner of the Institute for Turnaround.
Final quarter records lowest deal value for a decade
Latest unquote" Barometer quantifies the market implosion
CEE - Grispeth launches investment advisory boutique
Grispeth Holdings has announced the launch of an investment advisory boutique focused on project and venture finance in Russia and Eastern Europe, as well as in Central & South America and Asia.
GLOBAL - LPs 'will find a way out'
"There's no question, that on our new deals, we'll have the availability to get out," said Rafael Stone of Washington State University's Board of Regents, speaking at the unquote" South African Private Equity Congress in Cape Town this morning.
UK/NETHERLANDS - HgCapital to close Amsterdam office and consumer team
HgCapital has announced that it is to close its office in Amsterdam and its London-based consumer and leisure team.
EUROPE - Clemens Vedder branches out into private equity
Clemens Vedder's Goldsmith Investments has launched a private equity fund targeting EUR 700m to EUR 1bn of assets.
ITALY - Kingsbridge approached by fashion holding
According to reports private equity house Kingsbridge has been approached by fashion business IT Holding regarding a potential EUR 100m investment.
UK - AIM VCTs struggle
According to figures released by the Association of Investment Companies (AIC), VCTs which invest in AIM quoted businesses have returned on average just 50% of capital invested over the past five years, and just 54% in 2008.
UK - Private equity to target consumer sector P2Ps
A new report reveals that 94% of private equity houses are likely to consider take-private deals over the next two years, with quoted companies in the consumer sector seen to be the most conductive to such transactions.