Benelux
NETHERLANDS - Gilde Healthcare launches services dedicated fund
Gilde Healthcare Partners has launched Gilde Healthcare Services, a growth capital fund targeting investments in specialised clinics, geriatric care providers, prevention, screening and related healthcare services.
EUROPE - Yield of dreams: unquote” explores high yield
The European high-yield market has opened once again, but, given its failings in the past, can the market shake off its reputation as a short-lived phenomenon and become a viable financing option for buyouts? To read Emanuel Eftimiu's feature see below,...
NETHERLANDS - Wendel’s Stahl completes restructuring
It has been reported that Wendel-backed coating specialist Stahl International has successfully agreed a restructuring with lenders, with the firm injecting an additional EUR 60m in equity for an increase in its interest from 48% to 92%.
GLOBAL - Hudson reaches USD 1bn target for maiden fund
Hudson Clean Energy Partners reached its USD 1bn target for its maiden fund Hudson Clean Energy Partners LP, having secured USD 1.024bn in commitments.
GLOBAL – CIC provides Apax with liquidity boost
Sovereign wealth fund China Investment Corporation (CIC), may invest up to EUR 800m in Apax' EUR 11.2bn fund. The move is not intended to boost the vehicle's size, which last year became Europe's largest private equity fund. Instead it is believed to...
BELGIUM - Gimv sells stake in Clear2Pay to US-based Aquiline
As part of a EUR 50m funding round for Clear2Pay led by US-based Aquiline, Belgian private equity and venture investor Gimv has divested its stake in the online payment solutions company to the US-based private equity firm.
BELGIUM - LSP, Sofinnova-backed Movetis completes EUR85m IPO
Life Sciences Partners and Sofinnova Partners-backed pharma business Movetis has raised its EUR 85m target for its flotation on Euronext Brussels, making it the largest IPO in the life sciences sector on this bourse.
EUROPE - Candover to “substantially” reduce fund
Following nearly 12 months of difficulties that stemmed from its parent's liquidity issues at the beginning of the year, Candover has today announced it will "substantially reduce" the size of its 2008 Fund, which had targeted EUR 5bn and reached a first...
EUROPE - EVCA report shows sharp rise in turnaround deals
While investment activity in 2009 has slowed significantly, new research published by the EVCA today shows that the downturn has provided a sharp rise in turnaround opportunities, which were up 40% in the first nine months of this year against the same...
GLOBAL - LPs sound warning over private equity performance
A new report has provided a damning assessment of LP confidence in private equity as an asset class, revealing dissatisfaction over performance and new demands in relation to due diligence and reporting. By Ashley Wassall
NETHERLANDS - Crédit Agricole PE invests EUR 1.7m in arGEN-X
Crédit Agricole Private Equity has invested close to EUR 2m in biopharmaceutical firm arGEN-X in a second close of the firm's series-A funding round, taking the total raised to EUR 12.5m.
EUROPE - Mourant acquired by State Street to create PE servicing giant
European fund administrator Mourant International Finance Administration has been acquired by financial services giant State Street Corporation for an undisclosed sum.
GLOBAL - Carlyle to change terms on its fifth fund
It is understood that Carlyle Group is the latest private equity firm to appease its investors by agreeing to several changes to terms on its fifth fund, Carlyle Partners V, including a split on transaction fees, limits on the amount of debt investments...
EUROPE - Delving into fair value
With the recent market turmoil and lack of comparables, fair value remains a complicated accounting principle. In a recent video interview, Nordic unquote" editor Rikke Eckhoff discusses the implication of this principle for the industry with PricewaterhouseCoopers...
EUROPE - Revised Directive angers trade bodies
Another chapter has been added to the long-running saga of the EU Commission's AIFM Directive, with a new report calling for a removal of all fund size exemption thresholds sparking anger within the industry. By Ashley Wassall
EUROPE - Revised Directive angers trade bodies
Another chapter has been added to the long-running saga of the EU Commission's AIFM Directive, with a new report calling for a removal of all fund size exemption thresholds sparking anger within the industry. By Ashley Wassall
GLOBAL - Apollo prepares to list on NYSE; revenues rise
Private equity house Apollo Global Management has revealed that its revenues rose in the third quarter as the firm plans its move to list on the New York Stock Exchange (NYSE).
NETHERLANDS - OEP acquires Schoeller Arca Systems
Private equity firm One Equity Partners' (OEP) acquisition of plastic manufacturer Schoeller Arca Systems Services has been approved by the European Commission.
EUROPE - Wilson succeeds Russell as EVCA chairman
Apax partner Richard Wilson has been named the new chairman of the European Private Equity & Venture Capital Association (EVCA), succeeding Jonathan Russell of 3i.
EUROPE - JC Flowers makes two senior appointments in its London office
US buyout firm JC Flowers has made two appointments to its London office. Dr. David Morgan replaces Ravi Sinha as managing director for JCF Europe and Asia Pacific, and former FSA chairman, Sir Callum McCarthy, joins as chairman of JCF Europe, a newly...
BELGIUM - LSP and Sofinnova prepare Movetis IPO
Life Science Partners (LSP) and Sofinnova Partners-backed pharmaceutical company Movetis is planning an IPO on the Euronext, which could raise up to EUR 112.4m.
BELGIUM - Waterland pays EUR 62.4m for 25.1% stake in Arseus
Waterland Private Equity Investments becomes the second largest shareholder in listed medical equipment business Arseus, after having invested EUR 62.4m for a 25.1% stake in the company.
EUROPE - TowerBrook, LPs address credit gap with lending unit
LPs started the year defaulting on capital calls and sending letters to GPs asking (or demanding) they refrain from drawing money. What a difference a year makes - now most are honouring their commitments (though the calls are admittedly few and far between)...
BELGIUM - KBC to divest PE unit
According to reports, Belgian banking and insurance group KBC is to divest its private equity unit as part of the group's overall restructuring plan.