Performance
Strong returns: Are managers or the market due credit?
Beneficial exit market of recent years may not endure the next PE cycle, raising questions as to how strongly LPs should reinvest in the asset class
UK LPs expect distributions to drop in 2017 – Rede survey
Investors remain hungry for PE exposure as placement agent Rede Partners launches biannual report on LP sentiment towards PE
New government may jeopardise Romanian progress
Results of December election follows year of record Romanian M&A activity and strong PE performance
Q4 Barometer: Large-cap deals boost value in a shrinking market
Spike in megadeals boosted aggregate deal value in Q4, though volume was down 20% year-on-year
Hope hangs on VC deals as Ukrainian buyouts disappear
Positive trends in growth deals driven by interest in the software and IT sectors
Altor faces DKK 1.2bn lawsuit over OW Bunker collapse
Curator of the Danish oil trading and supply company that failed in 2014 seeks damages
Benelux dealflow all but freezes over in H2
Despite a solid H1, deal volume plummets in second half of 2016, though average ticket size rises
Southern European activity fails to replicate 2015 surge
Italian private equity continues to dominate southern Europe, though the Iberian peninsula continues its recovery
Mega-deals cap good year in CEE
Region registers two €500m-plus deals in the final quarter of a strong year for private equity
DACH buyouts on the rise throughout 2016
Despite low dealflow, the region saw an increase in buyouts during the course of the year, as aggregate value remained resolute
Nordic outlook remains upbeat despite 2016 slowdown
Nordic private equity market saw overall deal value drop substantially in 2016
Swiss PE optimistic despite concerns over investment conditions
GPs and LPs discussed the state of Swiss PE at the Mergermarket Swiss M&A and PE event in Zurich
Flight of western capital forces Russian PE to rebalance
Formal and informal sanctions continue to stunt western private equity activity in Russia, with many funds struggling to raise commitments
3i generates £654m from PE realisations in H1
Listed firm saw its net asset value increase 19% during the six-month period, to 551 pence per share
Q3 Barometer: Core mid-market buyouts return to growth
Mid-market deal volume across Europe reached its highest total in five quarters
Vista Equity-backed Misys scraps £3.5bn London IPO
Decision comes a week after company cut the value of its IPO by ТЃ1bn
CEE could arrest exit flow decline in 2016
Region is seven exits short of exceeding 2015’s total for PE- and VC-backed exits
Nordic exits facing slump in 2016
Market needs strong fourth quarter numbers to surpass last yearтs exit volume and avoid a five-year low
Ratos takes SEK 1.7bn hit to portfolio
Norwegian oil services company Aibel sees book value written down by SEK 1.1bn
HarbourVest makes new £783m SVG bid
Proposed deal would be similarly structured to a rival bid by Goldman Sachs and CPPIB
HarbourVest extends deadline for SVG takeover
Offer lapsed on 6 October, with SVG's board urging shareholders to accept a competing offer
Goldman and CPPIB field £748m bid for 100% of SVG
SVG board deems Goldman/CPPIB bid preferred option, ahead of HarbourVest and Pantheon/Pomona
SVG confirms talks with Goldman Sachs and CPPIB
Fund-of-funds in talks with Goldman Sachs and Canadian pension fund for alternative bid
SVG in talks with other bidders, says board
SVG board holds position over HarbourVest bid in a public back-and-forth between the two firms