Benelux
A new breath
What interesting months we have had lately. Despite a sombre economic and financial ambience, the threat of a new tax law currently in discussion in the Dutch lower house that will dramatically raise carried interests, the industry is performing tenaciously...
NETHERLANDS - GIMV acquires Bandolera
GIMV has acquired a majority stake in Bandolera, a Dutch clothing company. The management retains a substantial minority stake.
EUROPE – EVCA appoints Andreas Schober
The European Private Equity & Venture Capital Association (EVCA) has appointed Andreas Schober, vice chairman of Germany-based Hannover Finanz, to its supervisory board.
NETHERLANDS - AIG divests InterGen in USD 1.1bn sale
AIG Highstar Capital II has sold its 50% stake in InterGen, a power generation company, to Indian infrastructure company GMR for approximately USD 1.1bn.
The problem with pension funds
With pension liabilities increasing buyouts of pension funds are on the rise, but what are the implications for private equity? By Ashley Wassall
NETHERLANDS - AAC and ACP sell Sdu Identification
AAC Capital Partners and ACP have sold Dutch publisher Sdu Identification to Safran for an undisclosed sum. Sdu Identification is one of the two businesses of Sdu, which the two investors acquired in 2007.
NETHERLANDS - Madinvest et al divest Arcomet
Madinvest, NPM, GIMV and Sofinim have sold their holdings in crane company Arcomet to the management, including the CEO, who already holds 60%. Sofina and LPFI provided a mezzanine debt package to support the acquisition.
BELGIUM - GIMV doubles stake in Scana Noliko
GIMV has doubled its stake from 46.3% to 92.6% in Scana Noliko, a Belgium producer of preserved food, taking over the stake of LRM, which invested in the company in 2000. GIMV originally acquired backed Scana Noliko in 2004.
BELGIUM - 3i sells ABX LOGISTICS for EUR 750m
3i has sold ABX LOGISTICS Worldwide to DSV, the Nordic region's biggest trucking company, for EUR 750m. In March 2005, 3i acquired a majority stake in ABX from Belgium's national railway company, SNCB Holding.
EUROPE - EVCA publishes study on global scenario for private equity
A new report by the EVCA, Global Scenarios for Private Equity and Venture Capital, presents four potential scenarios for global economic development over the coming decade and the impact these will have on the development of the private equity industry.
EUROPE - Jonathan Russell appointed new EVCA chairman
The board of the EVCA has elected Jonathan Russell, managing partner of buyouts at 3i, as its new chairman for the year 2008-2009.
UK - EVCA final figures show record investment in 2007
The EVCA has released its final figures for private equiity activity in 2007, with the report showing that a record EUR 73.8bn was invested across Europe, EUR 2.6bn higher than in 2006.
NETHERLANDS – Icos and Capricorn invest in Ensartech
Icos Capital and Capricorn Cleantech Fund have invested in Ensartech, a Dutch company specialising in waste conversion technology.
NETHERLANDS - SET and Chrysalix invest in Epyon
SET Venture Partners and Chrysalix Energy have invested in Epyon, a spin-off company of the Delft University of Technology, which develops technology and IP in the field of ultra fast charging of advanced lithium-ion batteries.
EUROPE - Lazard recruits Wouter Gabriels
Lazard has recruited Wouter Gabriels as managing director in investment banking in Europe.
BENELUX/GERMANY - Waterland closes EUR 800m fund
Waterland has closed Waterland Private Equity Fund IV (WPEF IV) on EUR 800m, three months after its launch.
GLOBAL - 3i Infrastructure raises fresh funds
Despite the current sombre economic backdrop, 3i Infrastructure has launched a £114.6m new share issue to increase its warchest for investing in global infrastructure assets. The firm is issuing just over 108 million new shares at a price of 106 pence...
EUROPE - Industri Kapital re-brands as IK Investment Partners
Industri Kapital has changed its name to IK Investment Partners (IK) to mark the evolution of the firm’s investment and geographic focus.
GLOBAL - TPG en route to closing record buyout fund
TPG Capital's latest fund is well on course to top Blackstone Group's record USD 21.7bn offering last year, reports suggest. The news comes just a day after it was reported that China's State Administration of Foreign Exchange has invested more than USD...