France
EUROPE - IPEV reaffirms commitment to fair value
At a press conference in London this afternoon the International Private Equity & Venture Capital Valuation board (IPEV) emphasised its support of the fair value methodology as the best measure of assessing the value of private equity portfolio companies...
The value of 'fair value'
Private equity firms are facing a difficult and potentially painful year-end accounting process as they adapt to the increasing requirements of fair value reporting, but there could be rewards in store for those that meet the challenge. By Ashley Wassall
The wheel turns...
With pressure mounting on both GPs and LPs alike as the post-crunch economic decline stagnates the primary market, the cycle seems once more to have turned in favour of secondaries players. Ashley Wassall reports.
How to Pick Winners
Despite the age-old adage that backing sound management is paramount, a new study reveals that people are less important than the product.
Movers and shakers
Despite the current economic turmoil and subsequent downturn in deal activity, several areas of the private equity industry have witnessed a recruitment boom in the last month. Is this a sign of better things to come? Ashley Wassall reports.
FRANCE - CAPE and Demeter invest EUR 3m into Methaneo
Crédit Agricole Private Equity (CAPE) and Demeter Partners have each invested EUR 1.5m into renewable energy business Methaneo.
EUROPE - Antin Infrastructure Partners launch announced
Antin Infrastructure Partners, a new fund management business focusing on the infrastructure space and affiliate of BNP Paribas Asset Management, announced its launch this morning at a briefing in London.
FRANCE - Seventure and INRA join forces
French venture capital firm Seventure Partners has formed a partnership with INRA, the technology transfer arm of the French National Institute for Agronomic Research, in order to create Agro Biotech Accelerateur (ABA), a new company designed to finance...
FRANCE - 21 Centrale backs Biopack bolt-on
21 Centrale Partners has backed the add-on acquisition of packaging specialist Biopack by its portfolio company Nord-Est Ileos.
FRANCE - Ixen closes EUR 500m third fund
Ixen, a subsidiary of Natixis Private Equity, has closed its third fund on EUR 500m.
EUROPE - Duke Street appoints partner
European mid-market buyout house Duke Street has appointed Miles Cresswell-Turner as a partner specialising in Financial Services.
EUROPE - CVCs remain optimistic
Corporate Venture Capitalists (CVCs) remain optimistic about investment activity in Europe according to a survey published by Ernst & Young, with respondents anticipating that Europe will be the second most important market globally over the next 24 months,...
EUROPE – Robeco lauches “responsible” PE fund-of-funds
Fund manager Robeco, a unit of Rabobank, has launched its second “responsible” private equity fund-of-funds with a EUR 250m target.
FRANCE - Butler Capital sells SNCM stake
Butler Capital Partners has sold its 38% stake in shopping group SNMC to strategic buyer Veolia Transport for an undisclosed sum.
GLOBAL - BNY Mellon launches private equity fund admin service
The Bank of New York Mellon's Alternative Investment Service is launching a private equity servicing platform.
EUROPE - American Capital to acquire European Capital for USD 158m
European Capital has entered into an implementation agreement with majority owner American Capital that will see the latter acquire the 32.3% of shares it does not currently own for a total consideration of around USD 158m.
FRANCE – Siparex backs Scierie Chauvin with EUR 1.1m
Siparex has invested EUR 1.1m into hardwood specialist Scierie Chauvin. The deal was carried out via Franche-Compte PME Gestion and Rhone-Alpes PME Gestion.
EUROPE - LSP reaches first closing of LSP IV at EUR 75m
Life Science Partners has reached the first closing of their fourth fund, LSP IV, on EUR 75m - half way through its EUR 150m target.
EUROPE - KKR appoints head of infrastructure fund
It is understood that KKR has appointed Jésus Olmos, currently director of corporate development at energy company Endesa, as the new head of its European infrastructure, energy and transport fund.
FRANCE - Alliance and Avenir acquire Malpello
Alliance Entreprendre and Avenir Entreprises have completed a secondary MBO of the Malpello group, which consists of Médipréma, Ella-Legros and Gamain.
FRANCE - CAPE launches two FCPI funds
Crédit Agricole Private Equity (CAPE) has launched two FCPI funds, LCL Innovation 2008 and Crédit Agricole Croissance 2008.
FRANCE - IDI exits Armor
IDI and IPO have sold their respective stakes in chemicals company Armor to Orfite.
FRANCE - AXA closing in on Skyrock sale
According to reports, AXA Private Equity may have found a suitable buyer for radio station Skyrock in the shape of TF1, the French television company.
FRANCE - Avenir and OSÉO invest EUR 1m into Nomia
Avenir Entreprises and OSÉO have supported software business Nomia with an investment of around EUR 1m.