Industry
Adcuram-backed Poggenpohl files for insolvency
Kitchen furnishings retailer plans to continue its restructuring and will seek new investment
German GPs weigh up portfolio damage and rescue packages
Nature of Germany's industrials-weighted economy has caused problems for some GPs when it comes to liquidity needs
17Capital invests €100m preferred equity in European fund
Funds provided will enable the manager to invest further in their existing portfolio companies
EQT warns of "longer" fundraising for flagship vehicle
GP states it is currently focusing on developing existing portfolio companies until market recovery
Half of GPs prepared to hire based on video interviews - survey
Survey conducted by PER shows that 52% of participants could make offers from video interviews
Hg promotes Sanow to partner
Sanow has been involved in the Hg 6, Hg 7, Hg 8, Saturn, Mercury 1 and Mercury 2 fundraisings
UK government extends lifeline to PE assets, but obstacles remain
Clarification for CBILS is deemed helpful, but concerns linger for the Coronavirus Large Business Interruption Loan Scheme (CLBILS)
CVC attracts big LP tickets for new flagship fund
GP is aiming to raise €17.5bn by a June deadline and is already raking in large commitments
Flexstone appoints new head of secondary investments
Flexstone closed secondaries and co-investment-focused Select Opportunities II on €300m in July 2019
CMS expands Poland-focused team
CMS transactions team will continue to be led by partner Rafał Zwierz
Market braces for 12.6% drop in valuations by Q2 – report
NAVs expected to drop for Q1, with a steeper mark-down for Q2 as the crisis take its toll
Mayfair announces five promotions
Mayfair has promoted its portfolio director Paul Reading to the position of managing director
Oakley hires Kienwald on legal team
Kienwald joins Oakley's legal team from his position as associate at Simpson Thacher & Bartlett
Q&A: SHS's Alilovic on healthtech investing
New managing partner Sascha Alilovic talks to Unquote about the healthtech investor's plans
GP profile: Silverfern
Managing directors Robert Spittler and Alexander Zucker discuss the strategy for the new fund and the GP's track record
BC Partners hires Adia's Heberling
Heberling joins from the Abu Dhabi Investment Authority, where he was a senior member of the private equity team
Houlihan Lokey launches new GP advisory practice
New head Joseph Lombardo has previously worked at Stonyrock, Carlyle, JP Morgan and Morgan Stanley
SHS appoints Sascha Alilovic as managing partner
Alilovic has been a partner at SHS since 2018 and will succeed SHS founder Reinhilde Spatscheck
Unquote Private Equity Podcast: Fund financing in a fix
The Unquote team looks at how PE managers are turning to fund financing in a bid to shore up their portfolios
Aurelius hires three
Sharp, Kanga and Rajani will all report to Aurelius's UK managing director, Tristan Nagler
UK small-cap GPs look to build on growth amid Covid-19 turmoil
How pricing in the smaller PE segment will be affected by the coronavirus crisis is not yet clear
Essling refocuses on co-invest and LBO, as co-founder departs
Michele Mezzarobba leaves the firm having co-founded it in 2017
Terra Firma appoints Ahuja as CEO
Terra Firma is currently investing from its Special Opportunities Fund II, which closed on ТЃ500m
KKR expects lower valuations for its portfolios due to Covid-19
GP forecasts that emergency restrictions will challenge its ability to market new funds and strategies