France
EUROPE - Headway closes fund
Headway Capital Partners has closed its second private equity secondaries fund, Headway Investment Partners II, LP at тЌ150m.
EUROPE - European Capital to halt equity investing
Reports today suggest that European Capital, the private equity arm of alternative asset manager American Capital, is to cease its European buyout activities at the behest of its parent due to the worsening economic climate.
EUROPE – Houlihan Lokey names new VP debt advisory team
Houlihan Lokey, the international investment bank, has announced the appointment of Richard Clark as vice president in the Debt Advisory team.
FRANCE – IPO invests in Maisons Socoren
IPO has invested in construction company Maisons Socoren. The investment will be used to consolidate it’s position in the market as well as continue the company’s development program.
Ready for restructure?
An economic slowdown and tightened liquidity are putting strain on portfolio companies. Private equity houses will need to initiate effective restructuring or see turnaround players and activist investors swoop for distressed assets, writes Nathan Williams...
En garde ..
This month has seen an encouraging increase in the deal flow. The most prominent deal was Apax Partners and LBO France's acquisition of a 70% stake in Maison du Monde which has an enterprise value of around EUR435m. Also this month Carlyle's LBO of Numericable...
FRANCE - Oddo AM makes three investments
Oddo Asset Management has made three early-stage investments in eco-innovation companies.
EUROPE - KKR fund mystery
Confusion surrounds the progress of fundraising for KKR's latest European vehicle today, with some reports suggesting a EUR 6bn final close and others reporting that the fund is still in the fundraising process.
FRANCE/ITALY – Investindustrial to acquire Selective Beauty
Investindustrial is to acquire a stake in perfumes and cosmetics company Selective Beauty from 3i.
GLOBAL - Summit closes two funds
Summit Partners has closed two funds,a Europe-focused private equity fund on тЌ1bn and its fourth subordinated debt fund on $825m. This brings the total amount Summit Partners has available for investment in North America, Europe and Asia to almost $6bn....