France
Blackstone concedes to lower LP fees
Blackstone Group is set to give a higher than traditional percentage of its transaction fees back to its investors, according to reports.
HarbourVest to list shares on LSE
HarbourVest Global Private Equity has announced plans to list its shares on the Specialist Fund Market of the London Stock Exchange.
I2BF to raise Global Cleantech growth capital fund
International cleantech asset manager I2BF has launched Venture Fund II, a $100m global renewable energy and cleantech-focused growth capital fund.
Advent appoints consumer goods operational partner
Advent International has named John Sheppard as the newest partner to join the firm’s Operating Partner Program. He will advise on global investment opportunities in the consumer sector, with a particular focus on branded and private label consumer...
ICG closes recovery fund on €843m
London-based alternative asset investor Intermediate Capital Group (ICG), has reached the final closing of its €843m ICG Recovery Fund.
AlixPartners appoints Munro as MD for European advisory unit
AlixPartners has appointed Heike Munro as managing director and co-head of its European Lead Financial Advisory unit.
Biotech IPOs under investor microscope
The recent flurry of biotechs seeking to raise capital on the public markets could prove mistimed as question marks are raised over investor appetite. François Rowell investigates.
Siparex stage OBO of Passman
Siparex has invested via an OBO deal in Passman, a company specialised in internet access solutions for the hotel industry.
The automotive sector: a stable proposition?
The news that beleaguered Stabilus has been taken over by Triton draws attention to the European automotive sector, which, for private equity, remains a dangerous proposition, according to insiders. Mareen Goebel reports.
Permira and AXA circle Go Voyages
Permira and AXA Private Equity are in a final run off to acquire Go Voyages, an internet company, for between €300-400m from shareholders Financière Agache (held by the Arnault group), Compagnie Nationale à Portefeuille and Albert Frère who own a...
21 Partners hold €300 second close of fourth fund
21 Partners has held a second close of 21 Centrale Partners IV just over €300m.
Deutsche Bank launches PE fund of funds unit
Deutsche Bank is launching a new private equity fund-of-funds unit as part of its asset management business, according to reports.
VSS appoints Hartfelder as head of IR
Veronis Suhler Stevenson (VSS) has appointed Jack Hartfelder as head of investor relations.
LPs & GPs benefit from mutual support
Emerging from the recessions, GPs are facing a new reality in their LP relations. Investors are becoming increasingly selective, and approach negotiations with more assertiveness. However, as Francinia Protti-Alvarez finds, the new GP/LP relationship...
CD&R appoints former Procter & Gamble chief as partner
Clayton, Dubilier & Rice has appointed former Procter & Gamble CEO Alan Lafley as special operating partner.
UK FTF makes first committment to DFJ's third fund
The UK Future Technologies Fund (UK FTF), one of two fund-of-funds which effectively make up the UK Innovation Investment Fund, has made its first commitment into the DFJ Esprit III vehicle, bringing it closer to its £130m target.
Hermes and Gartmore deliver consolidation message
Hermes and Gartmore lead the consolidation of the fund-of-funds industry with the creation of Hermes GPE. Deborah Sterescu reports.
3i appoints two to global IR team
UK–based private equity player 3i has made two senior appointments to its fund investor relations (FIR) team as part of its focus to further enhance its relationships with its LPs around the world.
Carlyle raises $1.1bn financial services fund
The Carlyle Group has raised $1.1bn for its first financial services fund, Carlyle Global Financial Services Partners (CGFSP).
Advent appoints new operating partner
Advent International has appointed Will Kussell as operating partner.
HarbourVest to list senior secured loans fund on LSE
HarbourVest Partners has launched a new senior secured loans fund, HarbourVest Senior Loans Europe Limited, which will be admitted to the Main Market of the London Stock Exchange.
Carlyle hires DIC's Kump as MD for Europe LBO team
The Carlyle Group has recruited Eric Kump as managing director of its leveraged buyout team in Europe.
Vespa Capital backs MBO of SDS
Vespa Capital has staged a management buyout of SDS, a company focused on the production of spare parts for the household good sector. Debt for the transaction was provided by Crédit du Nord, LCL and CCSO.
Macquarie expands PE division in Europe with two appointments
Macquarie Funds Group has appointed Mike Siebert and Brenden Woods as portfolio managers to its private equity division.