DACH
Commission proposals: a "lucky escape"?
After the storm that followed the launch of the EU Commission's proposal for an Alternative Investment Fund Managers Directive the full text has finally been released, with one prominent lawyer describing the private equity industry as having had "a lucky...
EUROPE - American Capital seeks buyers for European portfolio
American Capital is reportedly seeking a buyer for its European arm, European Capital, with the price tag thought to be around $2bn.
UK/NORWAY - Kenda merges three portfolio companies
Kenda Capital has merged three of the portfolio companies in its managed fund Shell Technology Ventures Fund I to create Tendeka, an oil and gas services business.
GERMANY - Hasso Plattner Ventures invests in Feedzilla
Hasso Plattner Ventures has invested an undisclosed sum into software company Feedzilla AG, alongside business angels Arnon Katz and Mehrdaad Piroozram.
AUSTRIA - Paierl leaves UIAG
Herbert Paierl has stepped down from the exective board of UIAG.
GLOBAL - Abbott Capital closes sixth fund-of-funds on $1bn
Abbott Capital Management has closed its latest private equity fund-of-funds, ACE VI, on just over $1bn.
EUROPE - Commission proposal launch lacks substance
At the time of writing the launch of the EU Commission's draft proposal covering private equity is still yet to be followed by the proposal itself, though this hasn't stopped it being greeted with a hostile response from industry trade bodies.
GLOBAL - Freshfields appoints new head of global tax practice
Law firm Freshfields Bruckhaus Deringer has appointed Cologne-based tax partner Stephan Eilers to succeed Murray Clayson as the head of the firm's global tax practice.
GERMANY - Kruemmer leaves 3i Germany
3i partner and managing director of the German-speaking business, Stephan Kruemmer, is leaving the firm for personal reasons to be replaced by Ulf von Haacke and Peter Wirtz.
Global - SJ Berwin to open in Dubai
SJ Berwin has announced plans to open an office in Dubai later this year - the firm's first office in the Middle East.
GERMANY - CMS Hasche Sigle hires Hartmut Papenthin
CMS Hasche Sigle has hired Hartmut Papenthin as a manager.
GLOBAL - Terra Firma to bid for AIG's aircraft leasing unit
Private equity house Terra Firma is reportedly one of three groups that will bid for American International Group Inc's aircraft leasing business, International Lease Finance Corp.
DACH – Target Partners II holds final close on EUR 113m
Venture firm Target Partners has conducted the final close of Target Partners Fund II on EUR 113m.
Don't let the sun set on your LP relationships
Diversification and communication are the best ways to ensure a smooth ride with your investors in CEE as in the rest of Europe. Kimberly Romaine reports
Insolvency legislation: adapting to change
The difficult economic outlook has prompted a series of changes to European insolvency laws, but are they sufficient? Charles Noel-Johnson of Close Brothers gives his insight.