CEE
UK/EUROPE - BNP Paribas and Northern Lights to partner
According to reports, BNP Paribas Investment Partners is to announce a strategic partnership with US-based Northern Lights Ventures, a private equity firm focused on the institutional asset management industry.
GLOBAL - KKR appoints Donohue as managing director
Kohlberg Kravis Roberts has announced that Suzanne Donohoe will join the firm's global capital and asset management group as managing director and global head of the client and partner group.
POLAND - Enterprise Venture Fund makes first investment
Central & Eastern Europe-focused Enterprise Investors has invested EUR 3.2m into Polish marketing companyBio-Profil, taking a 36% stake in the business.
AUSTRIA/CEE - Schoenherr establishes distressed M&A team
Austrian law firm Schoenherr has established a dedicated distressed M&A team.
GLOBAL - Permira bulks up Technology team
Permira has strengthened its technology team with the appointments of Brian Ruder and Bruce Chizen as a partner and senior advisor, respectively.
CEE - Grispeth launches investment advisory boutique
Grispeth Holdings has announced the launch of an investment advisory boutique focused on project and venture finance in Russia and Eastern Europe, as well as in Central & South America and Asia.
GLOBAL - LPs 'will find a way out'
"There's no question, that on our new deals, we'll have the availability to get out," said Rafael Stone of Washington State University's Board of Regents, speaking at the unquote" South African Private Equity Congress in Cape Town this morning.
ROMANIA - GED to acquire Diamedix for EUR 15m
Spanish private equity firm GED Capital is set to acquire a controlling interest in Romania-based medical equipment distributor Diamedix in a deal thought to be valued at approximately EUR 15m.
UK/NETHERLANDS - HgCapital to close Amsterdam office and consumer team
HgCapital has announced that it is to close its office in Amsterdam and its London-based consumer and leisure team.
GLOBAL - Aladdin launches DIP fund
Aladdin Capital Holdings has launched a new fund designed to invest in Debtor-in-Possession facilities.
EUROPE - Clemens Vedder branches out into private equity
Clemens Vedder's Goldsmith Investments has launched a private equity fund targeting EUR 700m to EUR 1bn of assets.
GLOBAL - Siemens launches venture capital fund-of-funds
Siemens Venture Capital GmbH has launched Siemens Global Innovation Partners I GmbH & Co. KG (SGIP I), a $200m fund-of-funds that will invest in venture capital funds worldwide as well as select growth capital funds.
BULGARIA - 3TS Capital Partners supports Investor.bg
3TS Capital Partners, through the 3TS Cisco Growth Fund, has invested an undisclosed sum into Investor.bg AD, an online media company based in Bulgaria, taking a 17% stake in the company.
Shaken and stirred
The overcommitment policy LPs adopted in the past is gone for good. The industry is waving good-bye to the convenient means of funding future capital calls with future fund distributions
2009 already written off
Europe will not see signs of a return to economic health until 2010 at best, suggests a new survey
GLOBAL - TPG downsizes fund
TPG Capital is to cut its $6bn fund designed to invest in distressed financial companies by 25%, reports suggest.
EUROPE - Dubai Int’l Cap replaces PE CEO
Dubai International Capital has appointed David Smoot as its new private equity chief executive, to be based in Dubai.
EUROPE - PEREP appoints three board members
Private equity data platform PEREP_Analytics has appointed Sergey Sheshuryak, Sophie Manigart and Peter Rosenhoom to its governing board.
EUROPE - Baugur to collapse
Baugur is set to go into administration after its main banker, Landsbanki, ended restructuring talks with the once-prolific Icelandic investor.
RUSSIA - PPF to acquire 51% stake of Eldorado
Czech Republic-based private equity firm PPF Group is said to be in the process of acquiring a 51% stake in Russian electronics retailer Eldorado.
GLOBAL - TPG sale talks collapse
US private equity house TPG Capital has, according to reports, broken off talks to sell a stake of the firm to investors.
POLAND - Penta acquired Okna Rabien
Czech private equity firm Penta Holding Ltd has acquired Polish windows and glass doors maker Okna Rabien.
EUROPE - 3i appoints Hogg managing partner, Infrastructure
Following the announcement that Michael Queen will replace Philip Yea as CEO of listed private equity heavyweight 3i, the firm has appointed Cressida Hogg to replace him as managing partner of its infrastructure business.