France
Joseph Mukungu joins Neuberger Berman
Neuberger Berman has appointed Joseph Mukungu as senior vice president, head of client services for Europe and the Middle East.
Syndication woes spell trouble for German buyouts
At a time when many GPs have finished divesting their vintage portfolios and are looking for fresh investments, the German leverage market is experiencing difficulties with loan syndication, threatening future buyouts. Diana Petrowicz investigates
Astorg leads FCI unit auction
French mid-cap firm Astorg Partners has entered into exclusive negotiations to acquire FCI's microconnections division from Bain Capital, according to sources close to the transaction.
PE firms creating bidding wars over contingent forwards
Deal-contingent trades, which allow PE houses to hedge their FX risk, have seen a strong revival recently, creating stiff competition among banks.
Rumour roundup: Birds Eye, FCI, Orange and more
The summer period has been rife with rumours of major deals in the pipeline. unquote" gives a roundup of the headline-hitting deals expected in the coming months.
PE takes key role in financial services consolidation
With Cinvenтs acquisition of Guardian Financial Services this week, we are once again reminded of the pressure facing financial services organisations and the opportunities this presents for private equity investors.
Moulton: Industry mergers to create fewer, larger players
A tumultuous few years as well as increased legislation will lead to the consolidation of the industry into a smaller number of larger buyout houses via mergers. Unquoteтs Kimberly Romaine talks to Jon Moulton, Chairman of Better Capital.
LBO France and LFPI Gestion close Eminence SBO
LBO France and LFPI Gestion have acquired men's underwear manufacturer Groupe Eminence from Orium and Pechel Industries Partenaires.
JPEL buys Arch Cru portfolio for £56.5m
J.P. Morgan's Private Equity fund of funds (JPEL) has snapped up 38 investments from the former Arch Cru portfolios in a deal worth ТЃ56.5m.
UK activity surges in July after slow start
Following a rather lacklustre start to 2011, the UK has seen a sudden spike in private equity investment activity this summer, and professionals will be hopeful this can continue through the rest of the year.
Intel Capital launches Ultrabook Fund
Intel Capital, the private equity arm of computing hardware provider Intel, has announced the launch of its Ultrabook Fund with a $300m target.
A third of deals in doubt from September
Recent changes to the Takeover Code would have impacted 32% of UK deals since 2005. But if properly considered, P2Ps will still be do-able. Kimberly Romaine reports.
Bain seeking final bids for FCI
Bain Capital is today expecting final bids for portfolio company FCI, which could fetch up to $1bn.
Interview: Javier Echarri
Having spent 10 years at the helm of the European Venture Capital Association (EVCA), Javier Echarri is roundly considered one of the world's most influential people in private equity. He talks to Susannah Birkwood about the AIFMD, national trade bodies...
Advent buys part of Oberthur for €1.15bn
Advent International has agreed to acquire the Card Systems and Identity divisions of French secure technologies specialist Oberthur for €1.15bn.
Pandora IPO lifts lid on PE failings
Pandora is not the only private equity-backed IPO to suffer т it would seem the box is full of underperforming listings. John Bakie reports.
Apax France exits Vizada in $960m trade sale
Apax France and Hutton Collins have sold French mobile satellite communications company Vizada to Astrium, an EADS subsidiary, for a total consideration of $960m.
Perceva Capital in Supra take-private
Perceva Capital has acquired a 58% stake in listed French heating devices manufacturer Supra in a deal that values the business at €12m, with a view to delist it in the Autumn.
Industry fears confirmed as BGF outbids NVM
The Business Growth Fundтs outbidding of private investor NVM appears to justify market concern that the vehicle constitutes unfair competition to smaller PE houses.
TA Associates takes 50% stake in DNCA Finance
TA Associates has secured a 50% stake in French asset management firm DNCA Finance for an undisclosed amount.
Waterland's fifth fund raises €1.1bn
Waterland Private Equity Investments has held final close of its fifth fund, Waterland Private Equity Fund V, at тЌ1.1bn.
Proskauer Rose poaches three for funds team
Proskauer Rose has poached three private equity fund structuring professionals from rivals Kirkland & Ellis and SJ Berwin in recent days, in anticipation of increased fundraising activity.
Niklas Eklund joins Wellington Partners
Wellington Partners has appointed serial entrepreneur Niklas Eklund as a venture partner.
Secondary players dominate Italy's foreign LP base
Italian GPs ought to be doing more to attract foreign investors at the fundraising stage, as many of the country's overseas-based LPs are secondary players. Susannah Birkwood finds out whether this and other local trends are about to change.