CEE
GLOBAL - PIP to raise £49.5m from issue of loan notes
Quoted private equity fund-of-funds Pantheon International Participations Plc (PIP), which is managed by Pantheon Ventures Ltd, has announced that it has entered into an agreement with institutional investors to raise up to £49.5m through the issue of...
GLOBAL - Allocation concerns dominate LPs
According to the latest Coller Capital Global Private Equity Barometer , produced in association with private equity consultancy IE Consulting, limited partners are increasingly concerned about their private equity allocation, with two-thirds of respondents...
EUROPE - Study reveals positive impact of private equity on employee relations
A new study, conducted by the Centre for Management Buyout Research (CMBOR) in association with the EVCA, has revealed that private equity ownership rarely harms employee relations and, in many cases, actually has a positive impact.
CEE - BMB Group acquires EMP Global
Emerging market-focused private equity firm EMP Global has been acquired by alternative asset management firm BMB Group.
DACH/CEE - GCP closes its third fund
Gamma capital partners (gcp) has closed gamma III, which reported a first closing on EUR 32.6m in June 2007.
EUROPE - Oaktree closes on EUR 1.6bn
US-headquartered investor group Oaktree Capital Management has closed OCM European Principal Opportunities Fund II LP, its second European fund dedicated to opportunistic private equity and distress-for-control investments, on around EUR 1.6bn.
CEE - Schoenherr expands east
Austrian law firm Schoenherr is increasing its presence in Central Europe with the launch of three new offices in the Czech Republic, Poland and Slovakia.
CEE - Magisters merges with Belarus law firm
CIS-focused law firm Magisters has merged with Belarus-based rival BelJurBureau.
UK/FRANCE - Apax sued over profit split
Apax Partners co-founder Maurice Tchenio is sueing the firm in a dispute over how profits and fees were split on deals in Europe since 2001.
EUROPE - CVC appoints new senior adviser
CVC Capital Partners has appointed Charles-Henri Filippi as senior adviser.
EUROPE - IPEV reaffirms commitment to fair value
At a press conference in London this afternoon the International Private Equity & Venture Capital Valuation board (IPEV) emphasised its support of the fair value methodology as the best measure of assessing the value of private equity portfolio companies...
The value of 'fair value'
Private equity firms are facing a difficult and potentially painful year-end accounting process as they adapt to the increasing requirements of fair value reporting, but there could be rewards in store for those that meet the challenge. By Ashley Wassall
The wheel turns...
With pressure mounting on both GPs and LPs alike as the post-crunch economic decline stagnates the primary market, the cycle seems once more to have turned in favour of secondaries players. Ashley Wassall reports.
How to Pick Winners
Despite the age-old adage that backing sound management is paramount, a new study reveals that people are less important than the product.
Movers and shakers
Despite the current economic turmoil and subsequent downturn in deal activity, several areas of the private equity industry have witnessed a recruitment boom in the last month. Is this a sign of better things to come? Ashley Wassall reports.
EUROPE - Antin Infrastructure Partners launch announced
Antin Infrastructure Partners, a new fund management business focusing on the infrastructure space and affiliate of BNP Paribas Asset Management, announced its launch this morning at a briefing in London.
CEE - Syntaxis raises second regional mezz fund
Syntaxis Capital GmbH has launched its second Central and Eastern European focused mezzanine vehicle, Syntaxis Mezzanine Fund II, with a target size of EUR 250m and a hard cap of EUR 350m, despite the fact that its first fund, launched in 2006, has yet...
SPAIN/CEE - Taiga launches EUR 50m renewables fund
Taiga Mistral has launched its second fund, targeting EUR 50m, for investments in the in renewable energy sector in Eastern Europe.
POLAND - Enterprise Investors acquires 43% stake in Kofola-Hoop
Enterprise Investors, via Polish Enterprise Fund VI (PEF VI), has acquired a 42.6% holding in beverage producer Kofola-Hoop in a public tender offer valued at PLN 480m (EUR 135m).
EUROPE - Duke Street appoints partner
European mid-market buyout house Duke Street has appointed Miles Cresswell-Turner as a partner specialising in Financial Services.
EUROPE - CVCs remain optimistic
Corporate Venture Capitalists (CVCs) remain optimistic about investment activity in Europe according to a survey published by Ernst & Young, with respondents anticipating that Europe will be the second most important market globally over the next 24 months,...
EUROPE – Robeco lauches “responsible” PE fund-of-funds
Fund manager Robeco, a unit of Rabobank, has launched its second “responsible” private equity fund-of-funds with a EUR 250m target.
CEE - Abris closes maiden fund on EUR 320m
Abris Capital Partners has closed its inaugural fund at EUR 320m.