France
Beauty or the beast?
Private equity's bad rap has spread from trade unions to vendors to Brussels. The industry will overcome this for myriad reasons: its attempts to stave off negativity; its ability to efficiently execute deals and, most of all, the fact that sellers may...
FRANCE - 21 Centrale Partners to purchase Arjowiggins' security unit
21 Centrale Partners is in exclusive negotiations to purchase Arjowiggins' security unit for an enterprise value of EUR 350m. A pool of ten banks are reportedly working on organising debt to fund the acquisition.
FRANCE - LBO France closes one fund and launches two
LBO France has held a final close of its White Knight VIII fund on an undisclosed amount and launched two new vehicles, Hexagone III and Altercap 1, which have targets of EUR 180m and EUR 150m respectively.
GLOBAL - Blackstone writes down fifth fund by 35%
According to reports, Blackstone Group has written down the value of the portfolio in its $21bn fifth fund, Blackstone Capital Partners V, by 35%.
EUROPE - Index Ventures V closes on EUR 350m
Index Ventures has held a final close of its fifth fund, Index Ventures V, on EUR 350m.
FRANCE - Céréa and Banexi acquire Martine Spécialités
Céréa Capital and Banexi Capital Partenaires have acquired frozen food producer Martine Spécialités from listed UK group Premier Foods in a managment buyout.
Allez la France
With the debt markets still closed and the likes of Barclays PE stating that it expects to invest around half as much in 2009 as it did in the previous year, it was no surprise to see that this month's dealflow was predominantly located in the expansion...
EUROPE - Candover reveals full extent of downturn
Candover Investments Plc today announced its final year results for 2008, revealing a sharp aggregated writedown of more than 50% in NAV following five successive years of increases.