CEE
US/EUROPE - Oak Hill closes distressed debt fund on $1.13bn
Oak Hill Advisors has surpassed the firm's $750m target for its OHA Strategic Credit Fund, holding a final close on $1.125bn.
GLOBAL - Campbell Lutyens appoints new partner
Placement agent Campbell Lutyens has appointed Richard Allsopp as partner.
GLOBAL - CVC Capital appoints two senior advisers
CVC Capital Partners has appointed Robert Jenkins and Jim Sutcliffe as senior advisers on the firm's global financial institutions advisory board.
GLOBAL - GI Partners completes sale of assets in first fund
Private equity and real estate investor GI Partners has sold the last remaining asset in its first fund, a Frankfurt data center, to Equinix Holding BV for $28m.
EUROPE - DFJ Esprit holds first close of third venture fund on EUR 70m
DFJ Esprit has held the first close of it latest venure fund, DFJ Esprit III, on EUR 70m.
GLOBAL - KKR to delay launch of next buyout fund
Reports suggest that KKR is delaying the launch of its next buyout fund until next year, after having already invested 70% of its previous $17.6bn vehicle that closed in 2007.
EUROPE - 3i sells venture portfolio to Coller-, HarbourVest-backed Encore
Secondaries specialists Coller Capital and HarbourVest Partners have teamed up with venture house DFJ Esprit to acquire a ТЃ130m portfolio of venture assets from 3i. The portfolio will be managed by a new division of DFJ, Encore Ventures.
GLOBAL - IPEV publishes updated valuations guidelines
The International Private Equity and Venture Capital Valuation (IPEV) Board published its updated version of the Private Equity Valuations Guidelines today. Significantly, the updated version highlights the importance of consistency with international...
GLOBAL - KPS tops up third fund by USD 800m
Turnaround specialist KPS Capital Partners has increased the size of its Fund III from its original USD 1.2bn to USD 2bn.
HUNGARY - Permira's BorsodChem eyed by Chinese chemical group
It is understood that Wanhua Industrial Group is in talks with Permira's BorsodChem to take an equity stake in the Hungarian business. According to reports, the Chinese chemical group has already acquired EUR 200m of the company's mezzanine debt from...
CEE - Arx Equity holds EUR 102m second close
Arx Equity Partners (Formerly know as DBG Eastern Europe) has held a EUR 102m second of its EUR 125m third fund, Arx III.
GLOBAL - Advent International appoints three new partners
Advent International has hired three operating partners to advise the firm on investment opportunities in the technology and telecoms sector: Richard Atkins, Sergio Giacoletto and John Hughes.
EUROPE - Entertainment Capital Advisers launched
Premila Hoon, former global head of media and entertainment structured finance at Societe Generale, has co-founded Entertainment Capital Advisors (ECA), a specialist media and entertainment strategic and financial advisory firm.
EUROPE/UK - OMERS appoints senior MD from 3i
OMERS Private Equity has appointed 3i's Mark Redman as senior managing director of Europe.
ROMANIA – GED backs Total with EUR 12m
GED has backed Romanian cleantech firm Total Eurobusiness with a EUR 12m investment.
CZECH REPUBLIC - Enterprise Investors opens in Prague
CEE-focused private equity house Enterprise Investors (EI) has opened a new office in Prague, which will be headed up by Ivan Jakubek.
ESTONIA/AUSTRIA - Conor et al. in EUR 2.5m seed round for Crystalsol
Conor Venture Partners and Energy Future Invest have, alongside Enterprise Estonia, Austria Wirtschaftsservice and the Austrian Research Promotion Agency, provided EUR 2.5m in seed funding for semiconductor business Crystalsol OÜ.
Strange bedfellows
Not so long ago, corporates and private equity firms were arch rivals in many hotly contested auctions. Could the lack of liquidity in today's market, volatility and poor visibility encourage erstwhile contenders to consider joining forces?