Benelux
The best of times, the worst of times
Looking at the new state of the debt market
EUROPE - KKR fund mystery
Confusion surrounds the progress of fundraising for KKR's latest European vehicle today, with some reports suggesting a EUR 6bn final close and others reporting that the fund is still in the fundraising process.
Luxembourg – Nauta Dutilh appoints investment fund practice head
Nauta Dutilh has appointed Pierre Reuter to head the recently established investment fund practice.
GLOBAL - Summit closes two funds
Summit Partners has closed two funds,a Europe-focused private equity fund on тЌ1bn and its fourth subordinated debt fund on $825m. This brings the total amount Summit Partners has available for investment in North America, Europe and Asia to almost $6bn....
EUROPE - EIIB creates private equity practice
The European Islamic Investment Bank has established a private equity and corporate advisory department based in London.
NETHERLANDS – NIBC acquires Busker Hei
NIBC Capital Partners has acquired a majority stake in sheet pile manufacturer Busker Hei. The founders hold the balance of the shares and Rabobank provided the debt for the transaction.
Netherlands – CVC acquires 73% of Schuitema
CVC Capital Partners is made an offer to acquire 73% of supermarket chain Schuitema from Ahold. As a result of the transaction, Ahold will obtain a 20% indirect interest in Schuitema without supervisory board representation.
NETHERLANDS – Aquiline acquires 5.1% of BinckBank
New York-based Aquiline Capital Partners has acquired a 5.1% in Euronext-listed Dutch online bank BinckBank.
NETHERLANDS – Van den Ende & Deitmers takes 30% of Central Point
Van den Ende & Deitmers has acquired a 30% stake in Central Point, an online provider of computer products. Earlier this month the private equity house invested in social networking site Hyves, described as the Dutch “facebook."
GLOBAL – Industry leaders outline challenges at BVCA summit
At today's BVCAтs 25th Anniversary VIP Summit, run in association with unquoteт, market leaders hammered out what they believe to be the major challenges facing the industry in the year to come.
WORLD - Warburg Pincus closes $15bn fund
Warburg Pincus has closed its latest fund, Warburg Pincus Private Equity X on $15bn. The fund has a broad investment remit focusing on early-stage investments through to buyouts and special situations.
NETHERLANDS - NIBC sells its stake in Vitae
NIBC Capital Partners has sold its stake in recruiting agency Vitae to Manpower.
WORLD - CVC closes $4.1bn Asia Pacific Fund
CVC Capital Partners has closed its third fund dedicated to investments in the Asia Pacific region, CVC Capital Partners Asia Pacific III, on $4.1bn. It is the biggest ever private equity fund raised in the region.
LUXEMBOURG – Partners Group opens in Luxembourg
Switzerland-based Partners Group has opened an office in Luxembourg led by Jerry Ludig.
List-en to my fund
Listed funds suffered badly on the back of the liquidity crisis and negative press in 2007, with wide discounts the norm. Could investors be missing a trick or is there good reason to shy away?