Nordics
UK/ITALY - Candover writes off Ferretti investment
Candover is opting out of the restructuring of portfolio company Ferretti, an Italian yacht manufacturer, completely writing off its investment in the business.
FINLAND - EQT proposes EUR 100m Sanitec equity injection
Swedish buyout house EQT is reportedly in talks with the lenders on its investment in Finnish bathroom products provider Sanitec regarding a restructuring of the company's EUR 1bn debt, with the investor thought to have offered to invest EUR 100m in additional...
FINLAND - Amanda Capital appoints CEO
Former CEO of East Capital, Martin Paasi, has joined Finnish buyout house Amanda Capital as CEO.
SICAR amendments are good news for GPs
In October 2008, Luxembourg's dedicated regime for private equity funds was updated. The possibility to create subfunds and the significant enhancement of the Luxembourg Limited Partnership are the two key innovations
EUROPE - Commission holds hearing on PE regulation
The EU Commission is today in Brussels holding its hearing into private equity regulation and conduct in Europe, in what should be a significant step towards a conclusion of the long running political debate. Prior to the conference, an industry "task...
GLOBAL - Lehman sells venture capital arm
Lehman Brothers has fully divested its US-based venture capital arm Lehman Brothers Venture Partners through a sale to the current management team, backed by HarbourVest Partners.
SWEDEN - Hannes Snellman appoints dispute resolution expert
Law firm Hannes Snellman has recruited Magnus Eriksson as specialist partner in its conflict management practice in Stockholm.
SWEDEN - Uminova Invest backs Avtre
Swedish venture capital firm Uminova Invest has invested an undisclosed sum into software business Avtre AB.
GLOBAL - GIC and Future Fund acquire 7.7% of Apax
Apax Partners has sold nearly 8% of it its management company and future carried interest to GIC Special Investments and Future Funds, two Asian-Pacific investors.
EUROPE – 3i Group acquires 3i Quoted
3i Quoted Private Equity today agreed to be acquired by 3i Group in a deal that values 3i QPEP at ТЃ355.2m. The acquisition will be effected through a solvent liquidation of QPEP, allowing 3i to acquire the 55% stake in 3i QPEP it did not already own....
EUROPE - 3i sells stake in Infrastructure
Listed private equity firm 3i has reduced its stake in its infrastructure fund to a third after selling 77 million shares. The placing raised ТЃ61m towards the ТЃ2bn debt pile the investor has accrued; half of which is due in the next three years.
EUROPE - Debt-free deals see sharp rise in Q4
According to unquote" data, more than a quarter of the 237 buyouts completed across Europe in the last three months of 2008 contained no acquisition leverage, while in the beleaguered UK a staggering 40% of Q4 buyouts were all-equity deals.
NORWAY - FSN hires debt professional
Norwegian buyout house FSN Capital has appointed Per Etholm as executive adviser with particular responsibility for sourcing debt and subordinated capital for future investments.
SWEDEN - STING Capital backs Cortus with SEK 2m
STING Capital has invested SEK 2m into renewable energy developer Cortus.
DENMARK - Danske holds second close on EUR 600m
Danish fund-of-funds Danske Private Equity has reached its EUR 600m target in a second close of its new fund, Danske PEP IV.
EUROPE - Candover downsizes fund
UK buyout house Candover has become to latest large-cap investor group to succumb to the pressures facing firms at the top of the market by announcing a reduction in the size of its latest fund.
NORWAY - Herkules buys Tilbords from subsidiary
Norwegian buyout house Herkules Capital has acquired kitchen and interior products retailer, Tilbords, from Nordic Interior Group (NIG), a portfolio company in Herkules Private Equity Fund II.