France
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.
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.
FRANCE - Alven et al. invest EUR 12m into Ercom
Alven Capital, OTC AM and A Plus Finance have invested EUR 12m into telecommunications company Ercom, alongside historic investor Capzanine, which remains the largest shareholder in the company.
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.
FRANCE - Blackstone recruits new senior MD
The Blackstone Group has hired Jean-Manuel Richier as senior managing director in its Paris office. Richier joins from Citigroup where he was the deputy head of the French investment banking division.
FRANCE - Evolem power Evasol with EUR 2.2m
Evolem has taken a minority stake in Evasol, a solar installations company for EUR 2.2m.
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.
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.