France
EUROPE - Cerberus loses two heads
It is understood that US-based investor Cerberus has lost two of its European-based heads in London as part of a firm-wide scaling back operation.
FRANCE - Pechel Industries buys 42% stake in Eminence
Pechel Industries has taken a 42% stake in clothing company Eminence for an undisclosed sum.
EUROPE - Advent International hires partner
Global private equity firm Advent International has hired Bob Wigley as operating partner in its London office.
FRANCE - Evolem purchases stake in Ingerence & Connivence
Evolem has taken a 25% shareholding in Ingerence & Connivence, a consulting services company, for an undisclosed sum.
FRANCE - Elaia et al. invest EUR 6m into Goojet
Returning backers Elaia Partners, Partech International and IRDI-ICSO have participated in a EUR 6m second round of financing for software business Goojet, alongside new investor Orkus Capital.
FRANCE - Buyout portfolio companies remain healthy
According to a new report, 80% of current portfolio companies acquired in buyouts in France are currently able to manage their debt commitments and covenants.
FRANCE - TIME strengthens team
TIME Private Equity has recruited Jean Stéphane Bonneton as an associate and member of the Board.
EUROPE - Richard Wilson to succeed Jonathan Russell as EVCA chairman
The European Private Equity and Venture Capital Association (EVCA) has announced Richard Wilson, senior partner at Apax Partners, as the proposed successor of chairman Jonathan Russell.
EUROPE – LODH closes Euro Choice IV on CHF 776m
Lombard Odier Darier Hentsch has closed Euro Choice IV on CHF 776m.
FRANCE - OFI-backed Fondis purchases Bioritech
OFI Private Equity-backed Fondis Electronic, a testing equipment company, has acquired analysers producer Bioritech from its founding managers.
FRANCE - 123Venture injects EUR 2.5m into Ekyog
123Venture has backed Attitude Developpement, a company that owns and commercialises Ekyog, an organic clothing brand, with EUR 2.5m.
EUROPE - KKR writes down value of European fund by half
US buyout house KKR has reportedly written down the value of its second European fund, which includes in its portfolio Alliance Boots, by almost half.
FRANCE - BPE-backed Martek buys Semelec
Barclays Private Equity-backed Martek Power, a power conversions company, has purchased Semelec, a metrology company. The deal is Martek's second build-up operation after the purchase of a rival company in early 2009.
EUROPE - Dunedin appoints new director
Dunedin Capital Partners' listed private equity investment trust has hired Federico Marescotti as a new director.
EUROPE - AnaCap closes second fund on EUR 575m
London-based buyout-house AnaCap Financial Partners has closed its second fund, AnaCap Financial Partners II, on EUR 575m, almost twice the size of its predecessor, which closed on EUR 300m in 2006.
Tide of capital has gone out
Deborah Sterescu asks Dr Jim Strang, director of fund investments at Dunedin Capital Partners, about today's challenging fundraising climate
Ram-shackled
Following the hostile response to the EU Commission's proposed Alternative Investment Fund Managers Directive by private equity trade bodies, unquote" invited five prominent lawyers to share their views on the impact the new legislation could have on...
EUROPE - Osmosis to raise EUR 200m for new fund-of-funds
Reports suggest that newly launched fund-of-funds manager Osmosis Capital is seeking to raise EUR 200m for its inaugral fund, which will target investments into low carbon technology funds.
FRANCE - Butler appoints partner
French special situations specialist Butler Capital Partners (BCP) has hired Lise Nobre as partner.