France
Carried interest debate
Francois Rowell talks to Gonzague de Blignieres, president of Barclays Private Equity, about the taxation of carried interest
PAI partners still on the rocks
The PAI partners saga looks set to drag on at least until 20 November, when LPs will vote on the beleaguered private equity house's proposal to reduce its fifth fund by 50%. The implications of the final agreement are anticipated with baited breath, writes...
The perfect venture
As the autumn leaves fall and the winter months draw in, LPs have a reason to smile. Following on from last month's EUR2.6bn exit of Orangina by private equity behemoths Lion Capital and Blackstone, this month gives us another impressive exit - this time...
GLOBAL - Blackstone's shares increase by over 7%
Shares of Blackstone rose by above 7% yesterday, largely a result of the expected positive earnings report to be released on 6 November.
EUROPE - Peter Combe leaves Permira Debt Managers
The head of Permira Debt Managers, Peter Combe, has left the UK private equity firm's debt fund as its second in command is promoted to prepare for the changing credit market opportunities.
FRANCE - Activa sells BFI in EUR 20m deal
Activa Capital has sold BFI Optilas, an electronic equipment company, to UK-listed Acal in a deal that values the company at EUR 20m.
FRANCE - Alto and NCI invest EUR 1m into Ma-Papeterie
Alto-Invest and NCI Gestion have provided Ma-Papeterie, an online stationary company, with a EUR 1m investment.
EUROPE - YELLing about debt
The painful restructuring of YELL highlights the ills of yesterday's excesses - and shows there is a lot of pain ahead, writes Kimberly Romaine .
FRANCE - TCR Capital acquires Oberthur
TCR Capital has taken a majority holding in Groupe Ouest Finance, the holding company of stationary companies Oberthur and Oller, for an undisclosed sum.
FRANCE - Avenir and Oséo support Dalsouple
Avenir Entreprises, Oséo and Anjou Initative have supported Pascale le Saëc in the MBI of Dalsouple, a producer of rubber floors and walls. The Motoire family has ceded their entire holding in the company.
FRANCE - Natixis to restructure private equity activity
According to reports, Natixis has mandated Oddo Corproate Finances to help reorganise its private equity division. The bank will not look to sell is private division.
Global - Sofinnova Partners sign three biotech deals
French venture investor Sofinnova Partners has participated in funding rounds for three early-stage biotech companies, committing a total of GBP 30m. In the UK, Crescendo raised GBP 4.5m, while US-based Flexion Therapeutics and DNP Green Technology received...
FRANCE - Ouest Ventures holds EUR 21m first close of Fund II
Ouest Ventures has held a first close on EUR 21m of its second FCPR fund, Ouest Ventures II.
EUROPE – Ogier appoints five
Ogier Group, a provider of offshore legal and fiduciary services, has appointed five new members to its partnership. Jane Pearce, Paul Perris, Nicholas Plowman, Sally Edwards and Edward Mackereth will all join on 1 February 2010.
FRANCE - EPF Partners supports BRF
EPF Partners has taken a stake in paper services company Groupe BRF. Management, led by Hervé Vandenkerckhove and Thierry Jean-Babtiste, also participated in the buyout deal and retains a stake in the company.
FRANCE - Cognetas backs Tokheim acquisition of Rohé subsidiaries
Cognetas has provided more than EUR 5m to back portfolio company Tokheim, a producer of fuel dispensers for service stations, in its acquisition of several Central and Eastern European subsidiaries of sector rival Rohé, which was recently put into liquidation.
FRANCE - MBO Partenaires purchases 30% of Caloga
MBO Partenaires has taken a 30% stake in internet portal Caloga, in a buyout transactiont that leaves the five company founders with a majority take in the company. A senior debt was arranged by Crédit Industriel et Commercial.
FRANCE - FSI leads EUR 17m Dailymotion investment
FSI (Fonds stratégique d'investissement) has led a EUR 17m round of funding for internet video business Dailymotion, alongside returning investors Advent Venture Partners, AGF Private Equity, Atlas Venture and Partech International.
FRANCE - Siparex promotes two
Siparex Group has today announced two internal promotions: Nicolas Eschermann to the management board and Pierre Bordeaux Montrieux as managing director.
EUROPE - PE up 107% in Q3
In the midst of renewed optimism over recovery prospects in the wider economy, private equity investment activity has continued to reverse the slump that had set in at the end of last year, recording a whopping 107% increase to EUR 9.6bn (257 deals) in...
GLOBAL - Blackstone investors look to raise commitments
Reports suggest that investors in Blackstone's sixth fund, Blackstone Capital Partners VI, are looking to increase the size of their original commitments to the vehicle, which launched in January 2008.