Nordics
EUROPE - 3i partner McCallum leaves for KPMG
Advisory and accountancy company KPMG has hired 3i partner Blair McCallum to its firm.
NORWAY - HitecVision in NOK 347m bid for Grenland Group
Norwegian private equity firm HitecVision has together with Skogen Investering, the investment company of Grenland founder and CEO Hallgeir Skogen, launched a voluntary offer for all shares in oil service company Grenland Group ASA.
FINLAND - Altor sells PaloDEx to Danaher
Swedish private equity firm Altor has sold medical equipment company PaloDEx to Danaher Corporation, a Finnish dental company.
US/EUROPE - First Reserve Corp adopts UN's PRI
Energy-focused investor First Reserve Corporation has today announced that it has adopted the United Nations' Principles for Responsible Investment (PRI), becoming the first energy-related private equity firm to do so.
EUROPE - Two senior partners leave Apax
It's election year and two senior figures have announced their resignation: no, not the UK's embattled Labour government, but global buyout house Apax Partners.
GLOBAL- Lionel Pincus dies
Lionel Pincus, founder and former chairman of private equity giant Warburg Pincus, died Saturday in New York after a long illness.
FINLAND - Viking, Eqvitec and FII sell Iqua to Savox
Viking Venture, Eqvitec and government-backed Finnish Industry Investment has sold the wireless mobile accessories developer, Iqua, to Finland-based Savox Group.
EUROPE/US - GI Partners closes $2bn third fund
GI Partners has held a final close of its latest vehicle, GI Partners Fund III, on close to $2bn, representing more than a 35% increase from the size of its predecessor.
NORWAY - Kinserdal leaves Borea Opportunity
Finn Kinserdal has left his position as partner of Norwegian private equity firm Borea Opportunity Management.
DENMARK - Danske Kapitalanlæg sells M&J Industries
Danish small-cap buyout house Danske Kapitalanlæg has divested waste recycling equipment and services business M&J Industries in a trade sale to listed Finnish company Metso, a supplier of sustainable technology and services.
GLOBAL- Stanford University puts $1bn of assets on the block
Palo Alto-based Stanford University, one of the largest endowments, has put as much as $1bn of its illiquid investments up for sale in an effort to raise cash for the cash-strapped institution.
EUROPE - Former Northern Rock CEO appointed adviser for Apollo
Adam Applegarth, the former CEO of failed UK bank Northern Rock, has joined distressed debt investor Apollo Management as a senior advisor to the firm's European fund.
NORWAY - Herkules takes 54% stake in Projectiondesign
Norwegian buyout house Herkules Capital has acquired a 54% stake in Projectiondesign, a developer of high performance projectors, from Eger Group.
GLOBAL - KKR finally completes KPE merger
After over a year of delays and revisions, US-based private equity giant KKR has now completed its merger with its Amsterdam-listed affiliate, KKR Private Equity Investors.
GLOBAL - Hellman closes $9bn seventh fund and management shake-up
International private equity house Hellman & Friedman has announced the final close of its seventh and largest fund, HFCP VII, on a little under $9bn, as well as a major shake-up of the firm's management team.
EUROPE - GPs must re-invent, LPs must invest
Europe's GPs must change their ways to emerge successful from the current market conditions, and need LPs to back them in order to do so. This was the theme this morning at the fourth annual Deutsche unquote" Private Equity Congress in Munich.
Split LP universe
Market talk suggests the power balance has shifted in favour of LPs. Thomas Wold, investment director at Storebrand, shares his views with Rikke Lilla Eckhoff
A long and winding road
Rikke Eckhoff talks through 20 years of private equity with industry pioneer and veteran Bjorn Saven, founder and executive chairman of IK Investment Partners
Double-dipping
The number of private equity exits in 2008 virtually fell of a cliff compared with 2007, according to a study by advisory firm Ernst & Young. The figures come as no surprise, yet the questions looms whether or not the industry is prepared for the implications...
FINLAND - Pöyry plc's Salminen joins CapMan's adviser network
Finnish private equity firm CapMan has appointed Teuvo Salminen, deputy president of the consulting and engineering company Pöyry plc, to its adviser network, starting January 2010.
GLOBAL - KKR appoints Levin as head of IR; merger with KPE expected Thursday
KKR has appointed Jonathan Levin to the newly created position of head of investor relations, a move designed to prepare the private equity firm as it becomes a publicly listed company.