Benelux
AIFM Directive: The end is nigh
European finance ministers approved the Alternative Investment Fund Managersт (AIFM) Directive yesterday, more than a year after the controversial regulations were first proposed. Despite this long process, many of the private equity industryтs objections...
Milbank hires Rinne for new antitrust practice in Germany
Law firm Milbank, Tweed, Hadley & McCloy has appointed antitrust lawyer Dr Alexander Rinne as partner in its Munich office.
Deutsche promotes Bagshaw to head of PE unit
Adam Bagshaw has reportedly been promoted to head of Deutsche Bank's private equity unit, replacing Rob Firth, who left the bank last month to join Bank of America Merrill Lynch.
Call centre investments: Supporting the recovery
During the downturn, private equity firms invested defensively, particularly in the outsourced services sector. Now the economy is recovering, investors are looking to benefit from what is widely seen as a consolidating market. Mareen Goebel gives an...
Summit takes majority stake in Ogone
Summit Partners is to acquire a majority stake in online payment processing company Ogone SA/NV; financial terms of the transaction were not disclosed.
Benelux unquote" May 2010
While there have been a number of successful buyouts and exits in recent weeks, the growth capital space is driving activity. But this could be about to change. The industry is seeing more people moving around, indicating investors are preparing their...
Fortis sells fund administration arm to Credit Suisse
Fortis Bank Nederland (FBN) has agreed to the sale of its fund administration unit, Prime Fund Solutions(PFS), to Credit Suisse.
Stonefund changes office
Belgium-based investor Stonefund has relocated to new offices.
3i appoints Sir Adrian Montague as chairman
The board of 3i Group plc has appointed Sir Adrian Montague CBE as chairman, effective following 3iтs AGM in July 2010.
Permira and Goldman Sachs in talks with BASF over Cognis
Reports suggest that Cognis owners Permira and Goldman Sachs are in talks with chemicals giant BASF over a potential sale of the company.
GP communications missing a trick
Many of Europeтs most prolific later stage investors have some way to go before they can consider themselves truly transparent, as Emanuel Eftimiu finds out.
Healthcare buyouts: a tonic for the market
Defensive sector or not, buyout activity in the healthcare area was as depressed as elsewhere during 2009. But things are looking up and a spate of deal completions and possible exits in the first few months of 2010 are providing a welcome tonic for a...
Primary Capital promotes Alec Parkinson to assistant director
Primary Capital has promoted Alec Parkinson to the position of assistant director, and has also expanded the team with the hire of Oliver Melliss, as associate.
NB's debt fund to raise $150m in LSE float
Neuberger Berman has set out plans to float its NB Distressed Debt Investment Fund on the London stock Exchange's Specialist Fund Market in a bid to raise over $150m for investments in distressed debt.
GMT hires TMT specialist from Cinven
GMT Communications Partners has announced the appointment of Stefan Franssen as partner.
Advent appoints operating partner for business services
Advent International has appointed Kevin Beeston to its operating partner programme.
Apollo supports LyondellBasell restructuring
Apollo Management has backed the debt restructuring of chemical giant LyondellBasell allowing the company to emerge from the bankruptcy declared in January 2009.
Law firms Hogan and Lovells merge
Law firms Hogan & Hartson and Lovells have merged to become Hogan Lovells.
CVC mulls Belgian Post IPO
European investor CVC Capital Partners is said to be eyeing the listing of Belgian mail services De Post – Le Poste.
Carlyle buys Stanfield's $4.2bn CLOs
Carlyle has announced plans to purchase $4.2bn worth of collateralised loan obligations (CLO) from Stanfield Capital Partners, as part of a $5.1 credit portfolio purchase.
JP Morgan to buy Schroders PE services business
JP Morgan has signed an agreement to purchase Schroders' private equity administration business, as part of the build up of its JPM Worldwide Securities Services (WSS) unit.
NPM agrees deal for Punch Graphix
Belgian private equity firm NPM and Punch International, have agreed to the sale of Punch's subsidiary, Punch Graphix NV.
AIFM: EVCA vows to fight on after 'disappointing' JURI vote
The European Venture Capital Association (EVCA) has vowed to fight on against the Alternative Investment Fund Managers (AIFM) Directive, which could prove disastrous for venture investors.
Blackstone's GSO managers buy CLO shares
The managers of Blackstone's credit business, GSO Capital Partners, have reportedly launched a $1m offer for shares in GSO's loan obligation (CLO) fund, Carador.