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

  • LPs
Divesting distress

A recent legal case has revealed a renewed focus by French courts on vendor liability post-sale, which has strong implications for private equity firms looking to divest troublesome assets. Ashley Wassall reports

Strange bedfellows

Not so long ago, corporates and private equity firms were arch rivals in many hotly contested auctions. Could the lack of liquidity in today's market, volatility and poor visibility encourage erstwhile contenders to consider joining forces?

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.

LP perspectives

Following the downturn in the markets, the balance of power between GPs and LPs has shifted, giving LPs greater control. Deborah Sterescu speaks to three LPs to find out how their strategies and attitudes have changed

  • LPs