CEE
EUROPE - Peter Combe leaves Permira Debt Managers
The head of Permira Debt Managers, Peter Combe, has left the UK private equity firm's debt fund as its second in command is promoted to prepare for the changing credit market opportunities.
BULGARIA - EQT merges Eurocom and CableTel in EUR200m deal
Swedish private equity house EQT has simulaneously acquired Eurocom and CableTel, the two largest broadcasters in Bulgaria, from Warburg Pincus and Gene Phillips respectively, in a deal believed to be worth more than EUR 200m.
EUROPE - YELLing about debt
The painful restructuring of YELL highlights the ills of yesterday's excesses - and shows there is a lot of pain ahead, writes Kimberly Romaine .
TURKEY - Bridgepoint acquires TüvTurk
UK-based buyout house Bridgepoint has acquired Turkish vehicle inspection business TüvTurk for an undisclosed sum.
Global - Sofinnova Partners sign three biotech deals
French venture investor Sofinnova Partners has participated in funding rounds for three early-stage biotech companies, committing a total of GBP 30m. In the UK, Crescendo raised GBP 4.5m, while US-based Flexion Therapeutics and DNP Green Technology received...
EUROPE – Ogier appoints five
Ogier Group, a provider of offshore legal and fiduciary services, has appointed five new members to its partnership. Jane Pearce, Paul Perris, Nicholas Plowman, Sally Edwards and Edward Mackereth will all join on 1 February 2010.
POLAND - Krokus PE acquires 44% stake in Polmed
Krokus Private Equity, through its Poland-focused fund Nova Polonia Natexis II, has acquired 44% stake in healthcare business Polmed as part of a capital increase.
EUROPE - PE up 107% in Q3
In the midst of renewed optimism over recovery prospects in the wider economy, private equity investment activity has continued to reverse the slump that had set in at the end of last year, recording a whopping 107% increase to EUR 9.6bn (257 deals) in...
GLOBAL - Blackstone investors look to raise commitments
Reports suggest that investors in Blackstone's sixth fund, Blackstone Capital Partners VI, are looking to increase the size of their original commitments to the vehicle, which launched in January 2008.
POLAND - EQT looks to Poland for EUR 211m take private
EQT has launched a public tender offer to wholly acquire Polish healthcare business HTL-Strefa SA.
BULGARIA/HUNGARY – Mid Europa acquires ITV; buys back Invitel’s debt
Mid Europa Partners is defying the credit crunch odds to go on a shopping spree: this week it has completed the acquisition of Bulgarian TV operator Interactivni Tehnologii. It is the latest in a number of Balkan TV businesses Mid Europa has backed, already...
CEE – CVC acquires AB InBev CEE operations for USD 2.23bn
CVC Capital Partners has acquired the Central and Eastern European operations of brewery Anheuser-Busch InBev (AB InBev) in a deal valuing the CEE division at USD 2.23bn.
CZECH REPUBLIC – PPF backs Czech energy group
Emerging Europe private equity investor PPF Partners has acquired a 40% stake in Energy and Industrial Holding (EP), a spin-off from Czech investment firm J&T Group.
EUROPE - EVCA calls for new RCAP for 2020
The EVCA has today called for an updated Risk Capital Action Plan (RCAP) for 2020, an agreement originally launched in 1998, in an effort to offset the potentially disastrous consequences of the European Commission's AIFM directive on the finance industry.
EUROPE - 3i partner McCallum leaves for KPMG
Advisory and accountancy company KPMG has hired 3i partner Blair McCallum to its firm.
US/EUROPE - First Reserve Corp adopts UN's PRI
Energy-focused investor First Reserve Corporation has today announced that it has adopted the United Nations' Principles for Responsible Investment (PRI), becoming the first energy-related private equity firm to do so.
EUROPE - Two senior partners leave Apax
It's election year and two senior figures have announced their resignation: no, not the UK's embattled Labour government, but global buyout house Apax Partners.
GLOBAL- Lionel Pincus dies
Lionel Pincus, founder and former chairman of private equity giant Warburg Pincus, died Saturday in New York after a long illness.
EUROPE/US - GI Partners closes $2bn third fund
GI Partners has held a final close of its latest vehicle, GI Partners Fund III, on close to $2bn, representing more than a 35% increase from the size of its predecessor.
CZECH - TA spends $200m on Czech security
TA Associates has paid more than $200m to acquire a minority stake in Czech computer security software firm AVG Technologies from incumbent private equity backers including Enterprise Investors.
GLOBAL- Stanford University puts $1bn of assets on the block
Palo Alto-based Stanford University, one of the largest endowments, has put as much as $1bn of its illiquid investments up for sale in an effort to raise cash for the cash-strapped institution.
EUROPE - Former Northern Rock CEO appointed adviser for Apollo
Adam Applegarth, the former CEO of failed UK bank Northern Rock, has joined distressed debt investor Apollo Management as a senior advisor to the firm's European fund.
GLOBAL - KKR finally completes KPE merger
After over a year of delays and revisions, US-based private equity giant KKR has now completed its merger with its Amsterdam-listed affiliate, KKR Private Equity Investors.
GLOBAL - Hellman closes $9bn seventh fund and management shake-up
International private equity house Hellman & Friedman has announced the final close of its seventh and largest fund, HFCP VII, on a little under $9bn, as well as a major shake-up of the firm's management team.