Nordics
EUROPE - Cipio holds first close of Fund VI on EUR 61m
Secondary direct player Cipio Partners has held a first closing of Cipio Partners Fund VI on EUR 61m, targeting EUR 200m.
EUROPE - Bridgepoint appoints Stephen Green as partner
Private equity firm Bridgepoint has appointed Stephen Green as partner and head of its European financial services sector team.
SWEDEN - Procuritas acquires Däckia from Goodyear
Procuritas, via its fund Procuritas Capital Investors IV, has acquired tire services chain Däckia Holding AB from Goodyear Dunlop Europe BV.
SWEDEN - Ratos-backed EuroMaint acquires EISAB for SEK 24.5m
EuroMaint Industry, a subsidiary of Ratos-owned EuroMaint, has acquired EISAB Energi och Industriservice AB, a service provider to industries within waste management and renewable energy, valuing the business at SEK 24.5m. Ratos will be injection a corresponding...
GLOBAL - LPs suggest trouble ahead
A quarter of all private equity fund managers will go out of business and a tenth of investors could default on capital calls; industry LPs reveal their sombre side.
Secondaries Salvation
The swathe of money pumping into secondaries will prove a savior, not a bubble. Cash-rich specialists can help teams looking to spin out of distressed parents, as well as borderline LPs pushed over the edge this autumn as GPs call in capital. By Kimberly...
EUROPE - Private equity interest in Thomas Cook
Both private equity and trade buyers are reportedly circling Thomas Cook, Europe's second biggest tour operator, after its majority stakeholder, German retailer Arcandor, filed for insolvency on Tuesday.
NORDIC - The winner takes it all
"There will be winners and losers coming out of this recession," said 3i partner Alan MacKay, speaking today at the Nordic unquote" Private Equity Congress in Stockholm, adding that finding new financing solutions today will be what separates the wheat...
EUROPE - Stronger cooperation among European associations
Europe's private equity trade bodies have vowed to work closely together to drive improvements to the proposed Alternative Investment Fund Managers Directive launched by the European Commission in April this year.
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.
EUROPE - Advent International hires partner
Global private equity firm Advent International has hired Bob Wigley as operating partner in its London office.
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.
DENMARK- Altor acquires Pulse Medtech from listed Technitrol
Altor Equity Partners has acquired the Pulse Medtech Group, a designer of hearing solutions, from listed Technitrol Inc, a manufacturer of hearing aids and medical devices.
EUROPE – LODH closes Euro Choice IV on CHF 776m
Lombard Odier Darier Hentsch has closed Euro Choice IV on CHF 776m.
FINLAND/SWEDEN - Nexit backs Aava Mobile with EUR 3m
Nexit Ventures has invested EUR 3m into Aava Mobile, a developer of smartphone platform designs.
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.
DENMARK - Vækstfonden and angels back Teklatech with DKK 5m
Danish government-backed venture fund Vækstfonden has alongside five business angels invested DKK 5m into software business Teklatech. Vækstfonden contributed half of the total deal value.
DENMARK - Via Ventures backs DKK 30m Medotech funding
Danish venture fund Via Venture Partners has participiated in a DKK 30m investment round for Danish biotech company Medotech A/S.
NORWAY - Verdane holds first close of new fund on SEK 650m
Secondaries direct specialist Verdane Capital has held a first closing of its seventh fund on around SEK 650m (approximately EUR 63m). The fund's target size is SEK 1-1.5bn.
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.
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...