France
The Big 3
Rikke Lilla Eckhoff talks to Katharina Lichter, a managing director and head of research at Capital Dynamics, about succession issues, spin-out teams and the bid-ask spread on secondaries
Slow but steady ..
Having bucked the wider European trend throughout much of 2008, French buyout activity has tailed-off of late. However, there is evidence to suggest that the market may soon turn back, writes Francois Rowell
GLOBAL - Carlyle appoints leveraged finance MD
International investment house Carlyle Group has today announced the appointment of Debra Pedersen as managing director in the firm's New York-based global leveraged finance team, focusing on investor relations and fundraising.
FRANCE - PAI loses two execs
French buyout giant PAI Partners has been shaken by the resignation of two senior executives, as chief executive Dominique Mégret and executive committee member Bertrand Meunier both step down.
EUROPE - KKR closes European annex fund
US-based buyout giant KKR has closed a EUR 400m annex fund to support additional equity investments for portfolio companies of its second European fund, which closed in 2005 on approximately EUR 4bn.
EUROPE - Candover reports further NAV decline; Buffin steps down
Bealeagured buyout firm Candover today released its interim management statement, which reveals a further 12% decline in NAV and sweeping changes to the firm's management.
EUROPE - Gimv appoints new technology adviser
Belgian-based investor Gimv has appointed Richard Seibt, chairman of the Open Source Business Foundation, to its Technology Advisory Board.
GLOBAL - Advent appoints operating partner
Buyout house Advent International has hired Richard Baker as operating partner.
FRANCE - ENEX-backed Louise raises EUR 3m
ENEX Group-backed cosmetics business Louise Enterprises has raised a further EUR 3m in financing from a private investor.
GLOBAL - Ernst & Young appoints global PE leader
International business advisory firm Ernst & Young has appointed John Harley as the leader for its global private equity practice.
EUROPE - 3i may sell venture portfolio to Coller and HarbourVest consortium
3i is now reportedly in exclusive talks with a consortium led by secondary investors Coller Capital and HarbourVest Partners regarding the sale of its venture portfolio, with the price tag thought to be in the region of ТЃ100m.
GLOBAL - LGT Capital holds $268m first close of secondaries fund
LGT Capital Partners has held a first close of its global secondary fund, Crown Global Secondaries II (CGS II), on $268m.
GLOBAL- TA Associates closes 11th fund on $4bn
Private equity firm TA Associates has closed its latest fund, TA XI, on $4bn, comfortably surpassing its $3.5bn target.