CEE
PIP in $40m secondaries deal
Pantheon International Participations PLC (PIP), Pantheonтs quoted private equity fund-of-funds investment trust, has committed $40m to buy a portfolio of 25 buyout global funds with more than 400 portfolio companies.
AIFMD – Parallel LP funds and the importance of PR
Susannah Birkwood speaks to HarbourVest's Amanda McCrystal and EVCA's new chairman, Karsten Langer, in Barcelona, about the implications of the AIFMD on the private equity industry.
ENTRIES DUE TOMORROW: unquote" British PE Awards
Send your submission to Kimberly.Romaine@incisivemedia.com by tomorrow for the unquoteт British Private Equity Awards 2011.
Management due diligence: Power to the people
The strength of a management team is roundly considered the single most important factor in determining the success of a private equity deal. So why is management due diligence the process to which most acquirers pay the least amount of attention? Susannah...
AXA pays $1.7bn for Citi's 207 LP stakes
Large transactions continue to drive the market, fueling suspicion that this yearтs total will surpass last yearтs record $20bn. Kimberly Romaine reports
Invest AD and SBI to inject $100m into Turkish private equity
Abu Dhabi's Invest AD and Japan's SBI Holdings are investing in a new private equity fund worth $100m, which focuses on acquisitions in Turkey.
Swathe of PE exits expected this year
Private equity firms are looking to exit a large number of their portfolio companies in the coming 12 months, according to Grant Thornton UK's latest Private Equity Barometer.
Mid Europa seeking funds, placement agent
The fundraising trail is heating up across Europe, with CEE no exception.
21 Partners set to launch Polish fund
21 Partners is looking to launch a dedicated Polish fund to take advantage of the investment opportunities it offers, according to reports.
Bancroft et al. sell Standard Profil
A consortium led by Bancroft Private Equity has fully exited its investment in Standard Profil, a Turkish rubber profile and weather-strip producer for the automotive industry, to Ruia Group.
Interview: ASCRI's Maite Ballester
The Spanish private equity association (ASCRI) has renewed its efforts to promote venture and finally created separate platforms for its membership. Susannah Birkwood speaks to Maite Ballester, the partner and managing director of 3i Spain and president...
Interview: AIFI's Anna Gervasoni
Anna Gervasoni has been the general manager of AIFI – the Italian Private Equity and Venture Capital Association – since 1986. She talks to Susannah Birkwood about challenges past, opportunities to come and the “tragic” state of the Italian IPO market....
Blackstone looking to invest in Russia
Blackstone Group is taking a closer look at Moscow on the search for investment opportunities in energy, emerging markets and growth capital for small companies.
Escape from captivity
Erstwhile captives now form the backbone of Europe’s mid-market. But success is not a foregone conclusion, as a handful of firms have illustrated. Spain's Portobello Capital is the latest to test the waters. Susannah Birkwood investigates.
AXA and Resource nab Latvian cable co
AXA Private Equity and Resource Partners have teamed up to acquire a majority stake in cable operator SIA Baltkom TV (Baltkom).
VCT fundraising – a bumper year?
This yearтs ТЃ365m total fell short of some estimates for VCT fundraising activity. However the sum hides some very positive developments for the industry: namely a relaxation of investment rules, as well as a reinforcement of the delineation of the Best...
BC sells Turkish groceries for $515m
BC Partners has successfully offloaded a 17.4% stake in Turkish supermarket chain Migros Ticaret for $515m.
KBC sells Novaservis for 25%+ IRR
KBC Private Equity has sold Czech bathroom fittings maker Novaservis a.s. in a €48m trade sale to Polish business Ferro.
Private equity funds team up in bid for Polkomtel
In the latest development of the Polkomtel sale, a number of private equity firms have joined forces to make bids for the company, according to reports.
Central and Eastern Europe – A Continuing Opportunity
Nearly two decades of investment history, superior returns, a universe of experienced fund managers т yet Central and Eastern Europe (CEE) is neglected by many LPs. Henry Potter and Peter Wolfers of Alpha Associates discuss the characteristics of the...
Enterprise Investors to close €57m XTB deal next week
Enterprise Investors is to close its expansion capital injection into Polish brokerage house X-Trade Brokers next week, unquote” has learned.
CEE market: Catching up fast
The unquote” Central and Eastern Europe Congress, held today in London, gave delegates a valuable insight into the reshaping of the PE landscape post-crisis, and the new investment opportunities arising as the region catches up fast on the way to recovery....
Apollo listing raises $565m
Apollo Global Management has raised $565m in a delayed IPO.