Nordics
SWEDEN - Hannes Snellman appoints new managing partner
Nordic law firm Hannes Snellman has appointed Carl-Henrik Wallin new managing partner, replacing Johan Aalto.
GLOBAL - LGT Capital holds $268m first close of secondaries fund
LGT Capital Partners has held a first close of its global secondary fund, Crown Global Secondaries II (CGS II), on $268m.
GLOBAL- TA Associates closes 11th fund on $4bn
Private equity firm TA Associates has closed its latest fund, TA XI, on $4bn, comfortably surpassing its $3.5bn target.
SWEDEN - Segulah appoints ex-Kraft Foods CEO as industrial partner
Swedish buyout house Segulah has appointed Peter Elving, the former CEO of Kraft Foods, as industrial partner.
SWEDEN - FSN takes 65% stake in Tactel
FSN Capital has acquired a 65% stake in Tactel, a developer of mobile software technology from the founders.
SWEDEN - FSN acquires four landscaping services companies
Norwegian private equity firm FSN Capital Partners has via its third fund acquired four Swedish landscaping services companies, Sjunnesson, Jungs, Qbikum and ISS Landscaping, with combined 2009 revenues of SEK 550m.
SWEDEN - Ledstiernan sells Repeatit
Swedish private equity firm Ledstiernan has sold Repeatit AB, a developer of fixed broadband wireless access, to Skandinaviska WLAN-specialisten AB. The profit from the sale is said to be marginal.
SWEDEN/UK - Wellington et al to back Spotify with futher USD 50m
Existing investors Wellington Partners, Northzone Ventures and Creandum is believed to be participating in a USD 50m round for music streaming service Spotify, led by the Hong-Kong based Li Ka Shing foundation.
LP perspectives
Following the downturn in the markets, the balance of power between GPs and LPs has shifted, giving LPs greater control. Deborah Sterescu speaks to three LPs to find out how their strategies and attitudes have changed
EUROPE - Osmosis appoints Agentius as fund adminstrator; bolsters team
London-based asset manager Osmosis Capital LLP, has appointed Augentius Fund Administration as the administrator for its forthcoming fund-of-funds.
SWEDEN - Valedo acquires two psychiatric treatment companies
Swedish buyout house Valedo Partners has acquired Björkviksgruppen and Neuropsyk, both providers of psychiatric health care.
NORWAY - Return backer Capricorn takes 7% stake in Metallkraft
Existing investor Capricorn has subscribed to a new share issue for Metallkraft AS, a Norwegian waste and disposal technology business, taking a 7% stake. Norwegian government-owned Investinor also participated in the round, and took a 7% stake, investing...
EUROPE - Q2 figures buck downward trend
Amid widespread talk in the press of "green shoots" in the wider economy, there have been signs of a positive shift in private equity investment activity, according to the unquote" Q2 2009 Private Equity Barometer, produced in association with Candover....
Global - BC Partners writes up value of 2005 fund by almost 25%
Private equity firm BC Partners has reportedly marked up its current fund by almost a quarter in the first half, restoring it to face value.
EUROPE - Foresight appoints new sales director
VCT manager Foresight has hired Meredith Lee as sales director, based in the firm's Sevenoaks office.
GLOBAL - Calpers private equity assets plunge 23%
CalPERS' private equity assets have fallen 23% in the last year, the worst annual decline the nation's largest public pension fund has ever reported.
NORWAY - True North-backed Flisekompaniet taken over by creditors
According to reports, True North Capital- and Dyvi Invest-backed tile company Flisekompaniet has been acquired by Swedish bank Handelsbanken after defaulting on its NOK 300m debt.
GLOBAL - KKR to merge with KPE
Kohlberg Kravis Roberts & Co (KKR) and Amsterdam-listed vehicle KKR Private Equity Investors LP (KPE) has obtained the necessary approvals to go through with the merger reported on unquote" news last month.
GLOBAL - Capital Dynamics acquires Silicon-Valley based HRJ
Capital Dynamics has confirmed the take-over of Silicon Valley-based HRJ Capital's private equity and real estate fund-of-funds, as reported on unquote" news in April, following the consent of the LPs of HRJ's funds.
GLOBAL - LP demand for responsible investment rising
According to a survey published today as part of a guide to responsible investing in pirvate equity, 93% of institutional investors would expect all their potential and future GPs to respond to questions surrounding environmental, social and governance...
FINLAND - CapMan closes real estate fund on EUR 872.5m
Finnish asset manager CapMan has held a final close of its hotel real estate fund, securing more than EUR 332m equity in addition to EUR 540 senior debt, bringing the total investment capacity to in excess of EUR 872m. CapMan committed EUR 5m to the fund.
UK/DENMARK - Index leads £10.5m Just-Eat funding
Index Ventures, alongside Venrex Investment Management and existing shareholders, has led a series-A funding round for online meal order business, Just-Eat, raising £10.5m.