France
GLOBAL - Secondaries market set to grow as credit crunch squeezes returns
The private equity secondaries market could see strong growth in activity in 2008 in the wake of fears of underperformance in large buyout funds, with US private company exchange Nyppex estimating that total value could reach a record breaking USD 18bn...
FRANCE - Belvedere in talks with private equity
Drinks manufacturer Belvedere is reportedly in talks with several private equity houses regarding the potential sale of around 400,000 of its listed shares, representing a 15% stake in the business.
FRANCE - PAI-backed SPIE acquires Groupe Juret
PAI Partners portfolio company SPIE has acquired Groupe Juret, a provider of electrical solutions and air condition services.
GLOBAL - Blackstone forms cleantech group
The Blackstone Group has formed a cleantech group, which will both make investments and advise Blackstone portfolio companies on renewable energy strategies.
A Pipe Dream Or Reality?
Andrew Carpenter and Mike Hinchliffe of Addleshaw Goddard on why PIPEs may make a lot of sense
FRANCE - AGF PE increase stake in Bioalliance to 5%
AGF Private Equity has increased its stake in biopharmaceutical business Bioalliance Pharma to 5.06%.
GLOBAL - Syndicate eyes up Rio Tinto Alcan division
A private equity syndicate comprising Eurazeo, Apollo, AXA Private Equity, TPG and la Caisse des DУЉpots are considering an offer for mining company Rio Tinto Alcanтs aeronautics and automotive unit, Alcan Engineered Products, which could value the business...
FRANCE - OFI acquires 65% stake in hair care company Dessange
OFI Private Equity Capital has acquired 65% stake in hair care and beauty salon firm Dessange International in a deal valued at about EUR 80m. The firm has acquired the stake from company founder Jacques Dessange, his partners Daniel Conte and Michel...
FRANCE – Colony looks for new investor for PSG
Colony Capital and Charles Villeneuve are seeking new financial investors to acquire Morgan Stanley’s stake in football club Paris Saint Germain.
WORLD - Blackstone opens Beijing office
The Blackstone Group will open a representative office in Beijing and has appointed Shan Fu, a former official with various economic bodies within the Chinese government, as its chief representative.
FRANCE - Turenne Capital acquires Groupe Idé
Turenne Capital alongside Christophe Héral has acquired computer graphics business Groupe Idé in a deal valued at EUR 3m.
FRANCE - Sofinnova acquires mobile manufacturer Sagem
Sofinnova has acquired mobile phone manufacturer Sagem from Saffran Group.
LP allocations still solid ... for now
Francois Rowell speaks to Helen Steers of fund-of-funds Pantheon Ventures, Antoine Drean of placement agent Triago, John Gripton of Capital Dynamics and Charles Diehl of Activa Capital Partners about current LP sentiments
Busy month signals vacation season
In the run up to the holiday season there has been a fair amount of activity in the French market. AXA completed a PIPE, two exits and a buyout highlighting its flexibility. Turenne Capital has also been particularly active this month completing four...