France
France unquote" June 2010
The AIFM Directive has certainly been some time in the works, although not nearly as long as the time required for other, less significant regulations to reach this stage.
PAI interested in Cerba European Lab buyout
PAI partners has entered into exclusive discussions with IK Investment Partners and management to acquire a majority stake in Cerba European Lab SAS.
BC Partners looking to sell Picard Surgelés
BC Partners is looking to sell its 71% of equity in the leading frozen food retailer Picard Surgelés.
Michael Ogrinz joins Advent International's Paris office
Advent International strengthens its French team with the recruitment of Michael Ogrinz as investment director.
The Riverside Company appoints Vincent Daelemans
The Riverside Company has strengthened its European team with the appointment of Vincent Daelemans, who will take up the new position as vice president of origination for Benelux and France.
Cinven's Sperian bid trumped by Honeywell €1.1bn offer
The board of Sperian, a French maker of protective clothing, revealed that trade player Honeywell, manufacturer of civilian and military aerospace equipment, put a based on a €117 per share.
Morgan Stanley's secondaries fund exceeds $500m target
Morgan Stanley's Global Secondary Opportunities Fund, has raised $585m, exceeding its $500m initial target.
AIFM Directive: The end is nigh
European finance ministers approved the Alternative Investment Fund Managersт (AIFM) Directive yesterday, more than a year after the controversial regulations were first proposed. Despite this long process, many of the private equity industryтs objections...
Milbank hires Rinne for new antitrust practice in Germany
Law firm Milbank, Tweed, Hadley & McCloy has appointed antitrust lawyer Dr Alexander Rinne as partner in its Munich office.
Deutsche promotes Bagshaw to head of PE unit
Adam Bagshaw has reportedly been promoted to head of Deutsche Bank's private equity unit, replacing Rob Firth, who left the bank last month to join Bank of America Merrill Lynch.
AXA acquires majority stake in GO Voyages
AXA Private Equity has acquired a majority stake in GO Voyages, the French online travel site.
Call centre investments: Supporting the recovery
During the downturn, private equity firms invested defensively, particularly in the outsourced services sector. Now the economy is recovering, investors are looking to benefit from what is widely seen as a consolidating market. Mareen Goebel gives an...
Industries et Finances nets 4.5x return in Caterine group sale
Industries et Finances has divested its stake in restaurant business Caterine Restauration to trade player Compass Group.
Avenir Entreprises in Labaronne Citaf SBO
Private equity investor Avenir Entreprises has backed the secondary management buyout of French cistern manufacturer, Labaronne Citaf.
AGF et al. in €8m round for Crocus
AGF Private Equity, CDC Innovation, CEA Investissement, Nanodimension, Sofinnova Ventures and Ventech have raised an €8m series-C round for IT firm Crocus Technology.
LBO France to sell Medi-Partenaires
LBO France is planning to sell its stake in French clinic operator Medi-Partenaires, according to media reports.
Fortis sells fund administration arm to Credit Suisse
Fortis Bank Nederland (FBN) has agreed to the sale of its fund administration unit, Prime Fund Solutions(PFS), to Credit Suisse.
Criteo achieves $7 million in series-C funding
Criteo has raised $7m from Bessemer Venture Partners in a series-C funding, bringing total fundraising to $24m.
3i appoints Sir Adrian Montague as chairman
The board of 3i Group plc has appointed Sir Adrian Montague CBE as chairman, effective following 3iтs AGM in July 2010.
Linklaters promotes three in Paris practice
International law firm Linklaters has promoted Marc Perrone, Sarah Fleury and Jerome Cordier to counsels in the Paris office.
GP communications missing a trick
Many of Europeтs most prolific later stage investors have some way to go before they can consider themselves truly transparent, as Emanuel Eftimiu finds out.
Gimv and Sofinnova lead €11.2m Inside deal
Gimv and Sofinnova Partners have led an €11.2m round-D investment in open-standard contactless chip company Inside Contactless alongside existing shareholders and Fonds Stratégique d’Investissement (FSi).
Healthcare buyouts: a tonic for the market
Defensive sector or not, buyout activity in the healthcare area was as depressed as elsewhere during 2009. But things are looking up and a spate of deal completions and possible exits in the first few months of 2010 are providing a welcome tonic for a...
Primary Capital promotes Alec Parkinson to assistant director
Primary Capital has promoted Alec Parkinson to the position of assistant director, and has also expanded the team with the hire of Oliver Melliss, as associate.