France

Beneath the surface

Francois Rowell looks at current pressures between portfolio company creditors and their private equity owners

Caution ... is key

Director of private equity at SVG Advisers, Sam Robinson, speaks on LPs' decreased appetite for risk and the need to make vehicles more efficient in this economic climate. By Sam Robinson, SVG Advisers.

There may be trouble ahead ..

Following Permira and Candover's equity wipe-out with Italian yacht maker Ferretti, it is PAI's turn to get a haircut with the lenders taking over at Monier, its roofing portfolio company. All of these are a direct result of the combination of the leverage...

EUROPE - NB Private Equity lists on SFM

Euronext-listed NB Private Equity Partners (formerly Lehman Brothers Private Equity) has announced the admission of its class A ordinary shares to the Specialist Fund Market (SFM) of the London Stock Exchange, effective this morning.

EUROPE - EVCA task force calls for EUR 1bn threshold

Two months on from the launch of the European Commission's proposed Alternative Investment Fund Manangers (AIFM) Directive, the EVCA Brussels Task Force has published its formal response, which calls for an increased in the minimum qualifying threshold...

FRANCE - Wendel restructures Materis’ debt

Wendel has reached agreement with creditors of portfolio company Materis, a building materials business, on a restructuring that will see EUR 290m of amortization payments deferred until 2013.

GLOBAL - KKR to merge with KPE

Private equity giant KKR has announced that it will go through with a planned merger with its Amsterdam-listed fund KKR Private Equity (KPE), though a subsequent floatation on NYSE is still likely to be some way off.

  • GPs
FRANCE - Crédit Agricole PE invests EUR 3m into Stentys

Crédit Agricole Private Equity has invested EUR 3m into biomedical company Stentys in an extension to its series-B funding round, which was initially raised in March 2008 and saw Sofinnova and Scottish Equity Partners inject EUR 12m into the business.