CEE
UK – BC Partners looking to raise EUR 5.8bn for new fund
BC Partners is reportedly planning to raise a new EUR 5.8bn fund, proof that the large-cap sector could be reviving.
EUROPE - Carlyle makes senior promotions across Europe
Buyout house Carlyle has promoted 33 professionals to senior positions across its offices globally, with four in the firm's London office.
EUROPE - HgCapital to close sixth fund on £1.85bn
Mid-market investor HgCapital is close to a final close of almost ТЃ2bn for its sixth buyout fund, above its original target.
GLOBAL - Blackstone raises $9bn so far for its sixth fund
According to reports based on a letter to its investors, Blackstone has so far raised about $9bn for its sixth buyout fund, BCP VI, and is hoping to hold a final close of the vehicle in June.
CEE - First turnaround fund for CEE secures EUR 36m
The European Bank for Reconstruction & Development (EBRD), Central and Eastern Europe (CEE)'s largest limited partner, has teamed up with the IFC and asset manager CRG Capital to launch the region's first restructuring fund with initial commitments of...
GLOBAL - Big Apple pensions ripe for private equity
New York City, which boasts a pension pot of $96.4bn, is reportedly naming a private equity veteran to look after its investment, triggering conjecture that the city may put more money to work in the asset class which spent most of last year plagued by...
EUROPE - Riverside makes European promotions
The Riverside Company has promoted Juan Barnechea to head of its European deal origination team. He will be replacing Karsten Langer who will become a transaction partner for Benelux and France.
US/EUROPE - US Fidelty Ventures team forms Volition Capital
The US operations of Fidelity Ventures has spun out into Volition Capital, an independent growth equity firm that invests in founder-owned technology companies.
2010: Leverage renaissance
"Good deals this year shouldn't fall through because of lack of financing as there is enough debt around to service the expected volume of transactions," says Lloyds' Ian Sale, who is optimistic about the prospects for leveraged buyouts in 2010.
EUROPE - 2010: Leverage renaissance
"Good deals this year shouldn't fall through because of lack of financing as there is enough debt around to service the expected volume of transactions," says Lloyds' Ian Sale, who is optimistic about the prospects for leveraged buyouts in 2010.
82% of GPs convinced dealflow improving
The vast majority of GPs in Europe feel dealflow will improve in 2010, with slightly more than half also more upbeat on the quality of those deals
EUROPE - Helvetia Wealth AG appoints new board member
Asset manager Helvetia Wealth AG has appointed Professor Gerhard Arminger as a member of its board.
GLOBAL - First Reserve Corp promotes Deulina to director
Energy-focused investor First Reserve Corporation has promoted Anastasia Deulina to director.
GLOBAL- MVision boosts real estate team with two new hires
Placement agent MVision has appointed Mitchell B Sikora as managing director and Scott P Arden as director to the firm.
GLOBAL - General Atlantic appoints former Visa president as adviser
Global private equity firm General Atlantic has appointed former Visa president Hans Morris as special adviser.
GLOBAL - CD&R holds $5bn final close of eighth fund
US-based private equity firm Clayton, Dubilier & Rice (CD&R) has held a final close on its latest fund, Clayton Dubilier & Rice Fund VIII, on approximately $5bn, $1bn more than its predecessor vehicle which closed in 2006.
EUROPE - Parish Capital holds $73m first close of European fund-of-funds
Parish Capital has held a first close of $73m for Parish Europe II, a Europe-focused fund-of-funds vehicle with a EUR250 million target.
Balance of power
Investors are putting a significant amount of pressure on buyout houses, pushing for better terms and in some cases scaling back commitments
Global trends, what comes next?
Presentation by Carsten Valgreen, partner at Benderly Economics
GLOBAL - Partners Group restructures management
Partners Group has promoted head of finance Roland KУЄslin and Guernsey head Denis O'Malley from senior vice presidents to managing directors, as part of a wider organisational restructuring of the firm.
EUROPE - HarbourVest promotes Soquar to vice president
HarbourVest Partners has promoted Abraham Soquar to vice president in the firm's London office.
EUROPE - Doughty Hanson promotes private equity co-heads
European buyout house Doughty Hanson has promoted Mark Corbidge and John Leahy to co-heads of private equity.