CEE
EUROPE - Private equity interest in Thomas Cook
Both private equity and trade buyers are reportedly circling Thomas Cook, Europe's second biggest tour operator, after its majority stakeholder, German retailer Arcandor, filed for insolvency on Tuesday.
EUROPE - Stronger cooperation among European associations
Europe's private equity trade bodies have vowed to work closely together to drive improvements to the proposed Alternative Investment Fund Managers Directive launched by the European Commission in April this year.
EUROPE - Cerberus loses two heads
It is understood that US-based investor Cerberus has lost two of its European-based heads in London as part of a firm-wide scaling back operation.
EUROPE - Advent International hires partner
Global private equity firm Advent International has hired Bob Wigley as operating partner in its London office.
EUROPE - Richard Wilson to succeed Jonathan Russell as EVCA chairman
The European Private Equity and Venture Capital Association (EVCA) has announced Richard Wilson, senior partner at Apax Partners, as the proposed successor of chairman Jonathan Russell.
EUROPE – LODH closes Euro Choice IV on CHF 776m
Lombard Odier Darier Hentsch has closed Euro Choice IV on CHF 776m.
EUROPE - KKR writes down value of European fund by half
US buyout house KKR has reportedly written down the value of its second European fund, which includes in its portfolio Alliance Boots, by almost half.
EUROPE - Dunedin appoints new director
Dunedin Capital Partners' listed private equity investment trust has hired Federico Marescotti as a new director.
EUROPE - AnaCap closes second fund on EUR 575m
London-based buyout-house AnaCap Financial Partners has closed its second fund, AnaCap Financial Partners II, on EUR 575m, almost twice the size of its predecessor, which closed on EUR 300m in 2006.
CEE - Mid Europa appoints new COO
Buyout house Mid Europa Partners has appointed Jacques du Preez as COO, replacing Bill Morrow who will officially step down in July.
ROMANIA - GED reinforces team
Generalist investor group GED has strengthened its Romanian team with the promotion of Anca Ionescu to country manager and the appointment of Dan Farcasanu as investment manager.
CEE - PPF and Generali launch EUR 615m fund
According to reports, Czech investment group PPF and Italian insurer Generali have joined forces to launch PPf Partners, a new EUR 615m private equity fund targeting Central and Eastern Europe.
Tide of capital has gone out
Deborah Sterescu asks Dr Jim Strang, director of fund investments at Dunedin Capital Partners, about today's challenging fundraising climate
Ram-shackled
Following the hostile response to the EU Commission's proposed Alternative Investment Fund Managers Directive by private equity trade bodies, unquote" invited five prominent lawyers to share their views on the impact the new legislation could have on...
EUROPE - Osmosis to raise EUR 200m for new fund-of-funds
Reports suggest that newly launched fund-of-funds manager Osmosis Capital is seeking to raise EUR 200m for its inaugral fund, which will target investments into low carbon technology funds.
US/EUROPE - Houlihan Lokey re-hires Justin Abelow
International investment bank Houlihan Lokey has re-hired Justin Abelow to resume his role as managing director of the financial sponsors coverage group.
EUROPE - SEP appoints general counsel
Venture capital firm SEP has hired Andrew Buchan as general counsel.
EUROPE - 3i sells venture portfolio for less than half value
London-based private equity firm 3i has reportedly sold its venture portfolio to an unnamed bidder for around £100m, a substantial discount to the approximate £250m book value.
EUROPE - Platina launches new asset management company
London-based Platina Partners, a private equity fund manager specialising in renewable energy and buyouts in turnaround situations, has launched a new asset management company, Engineering Renewables Ltd (ERL).
EUROPE - Barclays boosts European mergers advisory business
Barclays plans to hire as many as 65 bankers for its European mergers advisory business in an attempt to become one of the top three global securities firms.
UK/SWITZERLAND/SWEDEN – KKR’s Alliance Boots circles Swedish pharmacies
KKR portfolio company Alliance Boots is reported to be interested in acquiring a portfolio of pharmacies being sold by Apoteket, which is owned by the Swedish state.