CEE
EUROPE - Wilson succeeds Russell as EVCA chairman
Apax partner Richard Wilson has been named the new chairman of the European Private Equity & Venture Capital Association (EVCA), succeeding Jonathan Russell of 3i.
EUROPE - JC Flowers makes two senior appointments in its London office
US buyout firm JC Flowers has made two appointments to its London office. Dr. David Morgan replaces Ravi Sinha as managing director for JCF Europe and Asia Pacific, and former FSA chairman, Sir Callum McCarthy, joins as chairman of JCF Europe, a newly...
EUROPE - TowerBrook, LPs address credit gap with lending unit
LPs started the year defaulting on capital calls and sending letters to GPs asking (or demanding) they refrain from drawing money. What a difference a year makes - now most are honouring their commitments (though the calls are admittedly few and far between)...
POLAND – Royalton adds Cool AR to Activ Parking
Central and Eastern European investor Royalton Investors has acquired a 93% stake in Polish paid parking zone business COOL AR. The deal was done thorough ACTIV Parking Holdings, a Czech parking operator Royalton acquired in January 2009. Together the...
BULGARIA – Advent sips EUR 40m Devin
Advent International's Central & Eastern European team has completed the acquisition of a 79% stake in Bulgarian bottled water business Devin AD. The company is listed on the Bulgarian Stock Exchange and the shares were acquired from Austria's Soravia...
ROMANIA – 3TS Cisco backs InternetCorp
3TS Capital Partners has acquired a minority stake in Romanian online media company InternetCorp. The transaction was funded through the 3TS Cisco Growth fund, which focuses on small- and medium-sized technology, media and communications companies in...
ROMANIA – Enterprise Investors in EUR 66m MBI of Profi Rom
Enterprise Investors has led the EUR 66m buy-in of Romanian supermarket chain Profi Rom Food Group. The deal sees the house wholly acquire the business from former owner Duna Waiting Participation, and install Gunter Grieb as new CEO.
EUROPE - EVCA adopts new governing structure
The European Private Equity and Venture Capital Association has today announced the adoption of a new governing structure, including the creation of a Public Affairs Executive (PAE), designed to allowthe industry to "speak with one voice".
GLOBAL - CalPERS to renegotiate terms with Apollo
CalPERS, the California pension fund, is reportedly looking to revise the terms of its relationship with private equity firm Apollo Global Management, pushing for lower management fees, a reduction in commitments, and a renegotiation of other costs for...
POLAND - Close Brotheres appoints head
Corporate financier Close Brothers Corporate Finance has appointed Tod Kersten as managing director and head of its newly opened Warsaw office.
EUROPE - AIFM provisions a 'trap' for the PE industry
The new remuneration provisions contained in a fresh re-draft of the EU Commission's controversial AIFM Directive, which could require up to 60% of managers' variable pay to be deferred, has been described as a 'trap' for the industry. Deborah Sterescu...
GLOBAL - Meidlinger Partners holds $15m first close of cleantech fund
Meidlinger Partners has reached a first closing of its cleantech fund, Meidlinger Partners Sustainable Investments, on $15m.
EUROPE - "We're on our way to next boom"
Speakers at this morning's unquote" Italia Private Equity Congress in Milan stressed that deals done in the next few months will reap stellar returns, but warned that the downturn may in fact prove too short.
HUNGARY - Tuning in to corruption: PE sues in Hungary
Once deemed CEE's frontrunner in terms of economic advancement and attracting foreign investment, Hungary seems to have taken a step backward, with the government becoming embroiled in a legal dispute with Vienna-based private equity investor Accession...
EUROPE - Capstone appoints associate partner
Placement agent Capstone Partners has appointed Louis de Saint-Marcq as associate partner.
EUROPE - European Parliament report slams AIFM Directive
A new report released today has heaped heavy criticism on the AIFM Directive for being "hasty" and "weak". Ashley Wassall reports.
EUROPE - CBCF shakes up senior management
Close Brothers Corporate Finance has promoted Richard Madden, managing director and head of the media sector team, to CEO of the UK business, replacing Stephen Auselbrook, who had co-led both the European and UK businesses but will now focus on his role...
ROMANIA - Lime Rock makes $25m Expert investment
Energy-focused investor Lime Rock Partners has invested $25m in Expert Petroleum, a Romanian oil and gas business.
POLAND - Advent makes PLN 405m offer for Wydawnictwa
Global buyout house Advent International has announced a public tender offer to acquire Polish educational publisher Wydawnictwa Szkolne i Pedagogiczne, in a deal that would value the company at around PLN 405m.
CEE - Rabobank and EBRD establish Resource
The European Bank for Reconstruction and Development (EBRD) and Rabobank have each commited EUR 25m to newly formed private equity fund, Resource Eastern European Equity Partners I, which will focus on supporting small- and mid-cap businesses in EU states...
RUSSIA - Siguler Guff takes stake in MDM Bank
US-based private equity firm Siguler Guff has acquired a minority stake in MDM Bank, one of Russia's largest private banks, for an undisclosed amount.
POLAND - Enterprise Investors take 50% stake in PBKM
Enterprise Investors' has invested a little over PLN 18.1m (about EUR 4.4m) in biotechnology business Polski Bank Komórek Macierzystych, acquiring a 50% stake in the company.
SPAIN/EUROPE - Foresight strengthens solar team
Asset manager Foresight Group has boosted its solar team with the appointment of Humberto Santillana as investment director.