Benelux
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 – 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."
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.
GLOBAL – Industry leaders outline challenges at BVCA summit
At today's BVCA’s 25th Anniversary VIP Summit, run in association with unquote”, 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?
Infra a shock
The liquidity bubble came to define the term infrastructure and gave a false picture of market depth. Private equity firms’ keen on snatching a piece of the infrastructure pie should be warned: there may not be enough to go around.
Public markets and private equity
Conditions in the public markets present an opportunity on the acquisition front but restrict exit options
GLOBAL – Partners closes EUR 447m mezz fund
Swiss-based asset manager Partners Group has reached a EUR 447m final close for its global mezzanine fund, soaring past the EUR 300m target. The fund has already made 11 investments in 2008, corresponding to 50% its capital.
WORLD - Covington & Burling appoint two
Covington & Burling LLP has appointed Timothy Clark and Loretta Shaw-Lorello as partners in the firm's corporate practice in New York. Clark will co-chair the firm's private equity practice.
EUROPE - EIF makes two appointments
The European Investment Fund (EIF) has appointed Richard Pelly as chief executive officer and Jean-Marie Magnette as deputy chief executive. Richard Pelly succeeds Francis Carpenter, whose term of office ended in February.
World - Capital Dynamics promotes Cynthia Duda
Capital Dynamics has promoted Cynthia Duda to managing director. Duda has over 20 years of private equity experience.
NETHERLANDS - Van den Ende & Deitmers invests in Hyves
Van den Ende & Deitmers has acquired a minority stake in Dutch social network Hyves via its fund Crossmedia.
NETHERLANDS - Friesland Bank acquires 70% of Vandervalk+Degroot
Friesland Bank Investment has acquired 70% of Vandervalk+Degroot, formerly wholly owned by the Van der Valk family.
EUROPE – DN Capital reaches EUR 50m first close
Unquote” has learned from a limited partner that European early stage and growth equity investor DN Capital has reached a first close of its second fund, Global Venture Capital II (GVC II). The fund raised just under half of its EUR 100m target and...