CEE
ROMANIA - Advent backs Romanian pharma bolt-on
Advent International's Central & Eastern European team has done its third deal of the year with the bolt-on of Ozone Laboratories to its Romanian pharmaceuticals business LaborMed. Advent has provided additional equity to fund the deal, which includes...
GLOBAL - Calpers private equity assets plunge 23%
CalPERS' private equity assets have fallen 23% in the last year, the worst annual decline the nation's largest public pension fund has ever reported.
GLOBAL - KKR to merge with KPE
Kohlberg Kravis Roberts & Co (KKR) and Amsterdam-listed vehicle KKR Private Equity Investors LP (KPE) has obtained the necessary approvals to go through with the merger reported on unquote" news last month.
GLOBAL - Capital Dynamics acquires Silicon-Valley based HRJ
Capital Dynamics has confirmed the take-over of Silicon Valley-based HRJ Capital's private equity and real estate fund-of-funds, as reported on unquote" news in April, following the consent of the LPs of HRJ's funds.
CEE/AUSTRIA - Capexit dissolved; Kaltenegger leaves AVCO board
The industry shakedown has claimed a prominent victim in Austria: Capexit, the private equity arm of Erste Group that invested primarily in the Czech Republic, Austria and Slovakia, has discontinued operations, with the portfolio now in the hands of the...
GLOBAL - LP demand for responsible investment rising
According to a survey published today as part of a guide to responsible investing in pirvate equity, 93% of institutional investors would expect all their potential and future GPs to respond to questions surrounding environmental, social and governance...
SLOVENIA - Mid Europa completes UPC acquisition
Mid Europa Partners has completed the acquisition of 100% of Slovenian cable and broadband operator UPC Slovenia from Liberty Global Inc, first reported in unquote" in May.
UK/DENMARK - Index leads £10.5m Just-Eat funding
Index Ventures, alongside Venrex Investment Management and existing shareholders, has led a series-A funding round for online meal order business, Just-Eat, raising ТЃ10.5m.
POLAND - Oresa backs MBI of Ploh
Swedish investment firm Oresa Ventures has acquired Polish vending business Ploh in a deal that sees a new management team take over from founder Zbigniew Loh.
GLOBAL - Pomona Capital surpasses $1bn target for secondaries fund
Global private equity firm Pomona Capital has held a final close of its seventh secondaries fund, Pomona Capital VII, at $1.3bn, surpassing its original $1bn target.
EUROPE - Hall to retain 12% stake in Cinven
Robin Hall, who stepped down as managing partner of buyout giant Cinven this week, will reportedly retain a 12% stake in the private equity firm, assuming the role of executive chairman.
GLOBAL - Cipio promotes Meyel
Global secondary direct specialist Cipio Partners has promoted Diana Meyel to the position of partner.
EUROPE - 3i appoints two new non-executive directors; halves debt
Private equity group 3i has appointed John Allan and Alistair Cox as non-executive directors on its board, effective 1 September and 1 October respectively.
EUROPE - Palamon appoints new adviser
London-based mid-market investor Palamon Capital Partners has appointment Dr Richard Wolman to its board of advisers.
EUROPE - Cinven's Hall steps down
Buyout giant Cinven has elected Hugh Langmuir to managing partner, replacing Robin Hall, a veteran of the firm who will take on the role of executive chairman.
UK/GERMANY - WHEB Ventures reaches £90m third close
WHEB Ventures has achieved a third closing of its second clean technology fund, WHEB Ventures Private Equity 2 LP, at ТЃ90m (EUR 105m).
EUROPE - AXA PE signs UN responsible investment principles
French mid-market buyout house AXA Private Equity has signed the Principles for Responsible Investment (PRI) initiative, issued by the United Nations.
US/Hungary – VCs float LogMeIn at $342m cap
US/Hungarian remote-services technology business LogMeIn has floated on Nasdaq at a market capitalisation of $342m, generating an exit for backers Prism VentureWorks, Polaris Venture Partners, 3TS Capital Partners, Integral Capital Partners and Intel...
EUROPE - EVCA placement code highlights need for transparency
In response to the ongoing reverberations relating to the New York kickback scandal the EVCA has published a draft code of conduct for placement agents, which highlights the need for greater transparency within the sector.
EUROPE - IK appoints Ryum Larsen to executive committee
IK Investment Partners has appointed investor relations head Mads Ryum Larsen to its executive committee.