CEE
EUROPE - Still scope for secondaries?
Could the vast amounts of secondary funds raised recently and the limited deal completion lead to a capital overhang in the coming years? Francois Rowell asks Sergio Jovele of Partners Group, which yesterday announced the closing of its latest secondaries-focused...
EUROPE - Earth holds first close of £750m fund
Earth Capital Partners has held an undisclosed first close of its EON Climate & Renewables fund, which has a target of EUR 750m.
EUROPE - Environmental infrastructure: high returns, low risk?
Combining the low risk profile of traditional infrastructure investing with the potentially high returns from clean tech investing can prove a winning formula, argues Jamie Richards, partner at Foresight Group, in a recent video interview with unquote"...
EUROPE - Hendrik Brandis appointed Chairman of VC at EVCA
Hendrik Brandis, managing partner of German investor group Earlybird, has been appointed chairman of the venture capital platform of the European Private Equity & Venture Capital Association (EVCA), succeeding Patrick Sheehan of Environmental Technologies...
EUROPE - Partners Group's Global Opportunites fund moves listing to Ireland
Partners Group's Global Opportunites investment fund has altered its status from a closed-end vehicle to an open-ended vehicle and has delisted from the London Stock Exchange in prepartion for shifting its shares to the Ireland Stock Exchange, due to...
EUROPE - F&C Private Equity holds EUR 30m first close of Aurora Fund
London-listed private equity investor F&C Private Equity has held a EUR 30m first close of its Aurora Fund, a new vehicle focused on acquiring secondary interests in predominately European private equity funds and co-investments.
Revised Directive angers trade bodies
Another chapter has been added to the long-running saga of the EU Commission's AIFM Directive, with a new report calling for a removal of all fund size exemption thresholds sparking anger within the industry
LPs sound warning over private equity performance
A new report has provided a damning assessment of LP confidence in private equity as an asset class, revealing dissatisfaction over performance and new demands in relation to due diligence and reporting
EUROPE - Venture: resilient, and proving lucrative
While 2009 was a grim year indeed for European buyouts, venture and growth investing has proven more resilient. By Mareen Goebel
CEE - Syntaxis holds EUR 140m first close for second CEE mezz
Syntaxis Capital, a specialist mezzanine provider for Central and Eastern Europe (CEE), has reached a first close on EUR 140m for its second fund, just over half of its undisclosed target.
CZECH REPUBLIC - AnaCap to acquire Banco Popolare Ceská Republika
Specialist financial services investor AnaCap Financial Partners is in advanced due diligence to acquire Banco Popolare Ceská Republika, the Czech subsidiary of Italy's Banco Popolare.
TURKEY - Carlyle takes 40% stake in Medical Park
US buyout firm Carlyle has taken a 40% stake in healthcare services company Medical Park Saglik Hizmetleri AS in an all-equity deal.
EUROPE - Yield of dreams: unquote" explores high yield
The European high-yield market has opened once again, but, given its failings in the past, can the market shake off its reputation as a short-lived phenomenon and become a viable financing option for buyouts? To read Emanuel Eftimiu's feature see below,...
GLOBAL – CIC provides Apax with liquidity boost
Sovereign wealth fund China Investment Corporation (CIC), may invest up to EUR 800m in Apax' EUR 11.2bn fund. The move is not intended to boost the vehicle's size, which last year became Europe's largest private equity fund. Instead it is believed to...
EUROPE - Candover to "substantially" reduce fund
Following nearly 12 months of difficulties that stemmed from its parent's liquidity issues at the beginning of the year, Candover has today announced it will "substantially reduce" the size of its 2008 Fund, which had targeted EUR 5bn and reached a first...
CEE - EI appoints five to board of directors
Poland-based investor group Enterprise Investors has made five promotions to its board of directors: Rafal Bator, Stanislaw Knaflewski, Agnieszka Kowalska, Sebastian Król and Jacek WoŸniak.
EUROPE - EVCA report shows sharp rise in turnaround deals
While investment activity in 2009 has slowed significantly, new research published by the EVCA today shows that the downturn has provided a sharp rise in turnaround opportunities, which were up 40% in the first nine months of this year against the same...
GLOBAL - LPs sound warning over private equity performance
A new report has provided a damning assessment of LP confidence in private equity as an asset class, revealing dissatisfaction over performance and new demands in relation to due diligence and reporting. By Ashley Wassall
EUROPE - Mourant acquired by State Street to create PE servicing giant
European fund administrator Mourant International Finance Administration has been acquired by financial services giant State Street Corporation for an undisclosed sum.
GLOBAL - Carlyle to change terms on its fifth fund
It is understood that Carlyle Group is the latest private equity firm to appease its investors by agreeing to several changes to terms on its fifth fund, Carlyle Partners V, including a split on transaction fees, limits on the amount of debt investments...
EUROPE - Delving into fair value
With the recent market turmoil and lack of comparables, fair value remains a complicated accounting principle. In a recent video interview, Nordic unquote" editor Rikke Eckhoff discusses the implication of this principle for the industry with PricewaterhouseCoopers...
EUROPE - Revised Directive angers trade bodies
Another chapter has been added to the long-running saga of the EU Commission's AIFM Directive, with a new report calling for a removal of all fund size exemption thresholds sparking anger within the industry. By Ashley Wassall
EUROPE - Revised Directive angers trade bodies
Another chapter has been added to the long-running saga of the EU Commission's AIFM Directive, with a new report calling for a removal of all fund size exemption thresholds sparking anger within the industry. By Ashley Wassall
GLOBAL - Apollo prepares to list on NYSE; revenues rise
Private equity house Apollo Global Management has revealed that its revenues rose in the third quarter as the firm plans its move to list on the New York Stock Exchange (NYSE).