CEE
Investment slide continues
After the lows witnessed in Q4 2008, many thought the only way was up for European private equity. But with the first quarter witnessing further contraction, many are now wondering if the market has finally hit the bottom
EUROPE - Commission proposals: a lucky escape
After the storm that followed the launch of the EU Commission's proposal for an Alternative Investment Fund Managers Directive the full text has finally been released, with one prominent lawyer describing the private equity industry as having had "a lucky...
CIS - EBRD may back Dragon’s Virgin Fund
The European Bank for Reconstruction & Development (EBRD), the largest investor in Central & Eastern Europe, may invest up to $30m in the Europe Virgin Fund, a vehicle sponsored by Dragon Capital to invest in FMCG, retail, industrials, telecom, media,...
Commission proposals: a "lucky escape"?
After the storm that followed the launch of the EU Commission's proposal for an Alternative Investment Fund Managers Directive the full text has finally been released, with one prominent lawyer describing the private equity industry as having had "a lucky...
Rubbish deals
Prior to Lehman's collapse, the environment was one of the main issues on many government agendas. With dealflow all but dried up owing to financing difficulties, waste management stands out as a defensive sector
EUROPE - American Capital seeks buyers for European portfolio
American Capital is reportedly seeking a buyer for its European arm, European Capital, with the price tag thought to be around $2bn.
UK/NORWAY - Kenda merges three portfolio companies
Kenda Capital has merged three of the portfolio companies in its managed fund Shell Technology Ventures Fund I to create Tendeka, an oil and gas services business.
GLOBAL - Abbott Capital closes sixth fund-of-funds on $1bn
Abbott Capital Management has closed its latest private equity fund-of-funds, ACE VI, on just over $1bn.
EUROPE - Commission proposal launch lacks substance
At the time of writing the launch of the EU Commission's draft proposal covering private equity is still yet to be followed by the proposal itself, though this hasn't stopped it being greeted with a hostile response from industry trade bodies.
GLOBAL - Freshfields appoints new head of global tax practice
Law firm Freshfields Bruckhaus Deringer has appointed Cologne-based tax partner Stephan Eilers to succeed Murray Clayson as the head of the firm's global tax practice.
CEE - What’s happening in Central & Eastern Europe?
Once the hottest destination for Western European GPs to access new markets, Central & Eastern Europe has firmly debunked the de-coupling theory when it comes to the economic crisis (see story below). Join unquote on 21 May in London for the third annual...
Global - SJ Berwin to open in Dubai
SJ Berwin has announced plans to open an office in Dubai later this year - the firm's first office in the Middle East.
GLOBAL - Terra Firma to bid for AIG's aircraft leasing unit
Private equity house Terra Firma is reportedly one of three groups that will bid for American International Group Inc's aircraft leasing business, International Lease Finance Corp.
Don't let the sun set on your LP relationships
Diversification and communication are the best ways to ensure a smooth ride with your investors in CEE as in the rest of Europe. Kimberly Romaine reports
Insolvency legislation: adapting to change
The difficult economic outlook has prompted a series of changes to European insolvency laws, but are they sufficient? Charles Noel-Johnson of Close Brothers gives his insight.