Benelux
LUXEMBOURG - Alter Domus expands Asian presence
Luxembourg-based Alter Domus, a provider of outsourced fund administration services, has acquired Asian rival Skye Fund Services.
UK/NETHERLANDS - A&M hires nine
Turnaround management specialist Alvarez & Marsal (A&M) has hired nine advisers for its European financial institutions advisory services team, eight of which will be based in London and one in Amsterdam.
GLOBAL - Freshfields elects 14 new partners
Freshfields Bruckhaus Deringer has elected 14 new partners, with the appointments taking effect from 1 May 2009.
EUROPE - KPE to transfer $211m in co-investments
KPE, the Amsterdam-listed arm of Kohlberg Kravis and Roberts (KKR), is to transfer five co-investments representing $211m in fair value to a KKR sponsored co-investment fund for an aggregate purchase price of $200.4m in cash.
BELGIUM - UFG Private Equity invests in BSB International
UFG Private Equity, via its fund FCPI Diadème Innovation III, has invested an undisclosed sum into BSB International (Business Solutions Builders), taking a minority share in the listed company.
GLOBAL - Lehman Brothers Private Equity changes name
Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners Ltd.
BELGIUM - KBC Arkiv invests EUR 1.5m in LCL Belgium
KBC Arkiv, a subsidiary of KBC Private Equity and Arkimedes, has invested EUR 1.5m in LCL Belgium, a data centre operating in Diegem and Antwerp.
EUROPE – PE to be PR nightmare
"The trends that emerged over recent years have fundamentally interfered with the alignment of interests between GPs and LPs," commented Roberto Quarta of Clayton, Dubilier & Rice Europe, speaking at what can best be described as a reflective EVCA Investors...
NETHERLANDS - ePlanet and PTV invest EUR 7m into Greetz
New investor ePlanet Ventures and existing backer Prime Technology Ventures have jointly invested EUR 7m into greeting card business Greetz.
Of timing and opportunity
The market has ground to a halt. In the UK, deal flow has almost halved from a year ago to just 20-25 deals a month nowadays. But this hides the fact that a strong undercurrent lies beneath. Everyone is busy, trimming down costs, refinancing, reorganising;...
NETHERLANDS - PE-backed NXP to sell wireless chip division
Semiconductor business NXP, which is backed by KKR, Bain Capital, Apax Partners, AlpInvest Partners and Silver Lake Partners, is understood to have sold its wireless chip services business to French smart card provider Gemalto.
EUROPE - Allen & Overy to cut back banking teams
Law firm Allen and Overy, which earlier this year announced that it was to make a series of redundancies as part of a wider restructuring, is reportedly planning to substantially scale back its banking teams worldwide, which could lose as much as a third...