Nordics
EUROPE - EVCA adopts new governing structure
The European Private Equity and Venture Capital Association has today announced the adoption of a new governing structure, including the creation of a Public Affairs Executive (PAE), designed to allowthe industry to "speak with one voice".
GLOBAL - CalPERS to renegotiate terms with Apollo
CalPERS, the California pension fund, is reportedly looking to revise the terms of its relationship with private equity firm Apollo Global Management, pushing for lower management fees, a reduction in commitments, and a renegotiation of other costs for...
FINLAND - CapMan Technology recruits partner
Finland-based Nordic private equity house CapMan has appointed Peo Nilsson as partner within its technology team.
EUROPE - AIFM provisions a 'trap' for the PE industry
The new remuneration provisions contained in a fresh re-draft of the EU Commission's controversial AIFM Directive, which could require up to 60% of managers' variable pay to be deferred, has been described as a 'trap' for the industry. Deborah Sterescu...
GLOBAL - Meidlinger Partners holds $15m first close of cleantech fund
Meidlinger Partners has reached a first closing of its cleantech fund, Meidlinger Partners Sustainable Investments, on $15m.
EUROPE - “We’re on our way to next boom”
Speakers at this morning's unquote" Italia Private Equity Congress in Milan stressed that deals done in the next few months will reap stellar returns, but warned that the downturn may in fact prove too short.
DENMARK - KKR et al. prepare for TDC sale
KKR, Blackstone, Permira, Apax and Providence Equity Partners, the private equity owners of Danish telecoms group TDC, are reportedly meeting with banks this week to choose an adviser as they look to sell part of their stake in the business, which is...
SWEDEN - STING invests SEK 2m in Solarus
STING Capital has invested SEK 2m into solar energy technology company Solarus.
SWEDEN - Next Wave & WHEB Ventures acquire Petainer for £16m
Next Wave Ventures, WHEB Ventures and senior company management have acquired drinks container manufacturer Petainer from UK packaging specialist Rexam plc for a total consideration of £16m.
EUROPE - Capstone appoints associate partner
Placement agent Capstone Partners has appointed Louis de Saint-Marcq as associate partner.
EUROPE - European Parliament report slams AIFM Directive
A new report released today has heaped heavy criticism on the AIFM Directive for being "hasty" and "weak". Ashley Wassall reports.
NORWAY - Norvestor sells Intelecom to Carrot
Norvestor has wholly exited its investment in Intelecom Group, a provider of outsourced communication services for businesses, through a trade sale to sector rival Carrot Communications for an undisclosed sum.
EUROPE - CBCF shakes up senior management
Close Brothers Corporate Finance has promoted Richard Madden, managing director and head of the media sector team, to CEO of the UK business, replacing Stephen Auselbrook, who had co-led both the European and UK businesses but will now focus on his role...
SWEDEN - Accent backs Bergteamet
Accent Equity has invested an undisclosed sum in Swedish mining contractor Bergteamet.
SWEDEN - Altor secures largest chunk of pharmacy network after wave of sell-offs
Buyout house Altor Equity Partners now controls the dominant player in the newly de-monopolised Swedish pharmacy market, acquiring two of the eight clusters being sold by the government as part of a wave of sell-offs that have raised close to SEK 6bn.
SWEDEN - Segulah sells Isaberg Rapid to Esselte
Swedish buyout house Segulah has sold staple manufacturer Isaberg Rapid to US-based office supplies company Esselte, owned by Boston-based private equity firm J.W. Childs Associates. Segulah is said to have made a "very good" return on the exit.
SWEDEN - Priveq and Investor in SEK 3.5bn Orphan exit
Swedish private equity house Priveq and industrial holding Investor Growth Capital has sold drug company Swedish Orphan International to Biovitrum in a SEK 3.5bn deal.
SWEDEN - STING Capital backs Peepoople
Swedish venture fund STING Capital has, together with business angels, invested an undisclosed sum in Peepoople, a developer of single-use, biodegradable bags designed to provide access to affordable hygienic sanitation in third world countries.
SWEDEN - STING Capital backs FileRide with SEK 2m
Swedish venture investor STING Capital has backed social networking software company FileRide with SEK 2m.
SPAIN/EUROPE - Foresight strengthens solar team
Asset manager Foresight Group has boosted its solar team with the appointment of Humberto Santillana as investment director.
Care for a top-up?
Fundraising remains as challenging an activity now as it was 12 months ago. Many signs of life have been in the form of top-up funds - a signal that many LPs are not only honouring their commitments but also supporting their GPs. By Francinia Protti-Alvarez