Southern Europe
Navigating a fundraise
Forget much of what youтve learned. Wooing LPs nowadays follows few preconceived truths, requiring instead a lot of patience and creativity. Kimberly Romaine reports
Is team stability in PE firms overrated?
PE houses have long used team stability as a key argument in PPMs, as it is widely believed to have a positive impact on a fundтs performance and ultimately its appeal to LPs. But new research from Capital Dynamics and the London Business School (LBS)...
AIFMD: High price for investor security?
The AIFM Directive continues to spark debate amongst industry practitioners, even as it is being implemented across Europe. While the new regulations will lower risk levels for smaller investors, GPs are concerned about a possible cost explosion. Diana...
Alto Partners holds first close
Alto Partners has announced the first close of its third fund on €80m.
Fund admin: Pure player or one-stop shop?
Demand for external fund admin services has been growing steadily over the past few years т a trend quickly spotted by large banks. As the market consolidates, are independent providers feeling the heat? Greg Gille reports
Southern Europe unquote" November 2011
Spain was again home to some of Europe’s largest deals in October, with two deals valued at several hundred million euros.
Foresight Group expands investment team
Foresight has appointed new members to its environmental and solar team.
Technology activity holds up despite tough market
Tech deals have remained remarkably robust since the onset of the financial crisis, with fairly consistent deal volumes seen throughout the past few years. However, deal value has fluctuated wildly. Anneken Tappe investigates.
unquote" Germany Report 2011
The latest unquoteт Germany Report covers all the latest trends and issues affecting the German private equity and venture capital markets.
Fundraising evolves for a difficult climate
While public financial markets remain punch drunk from the latest series of downgrades, debt crises and bailouts, private equity has, by necessity, been slowly emerging from one of its most difficult periods.
LP co-investment: Finding the balance
Over-allocation to any asset class can be risky business, and LP co-investment is no exception. Susannah Birkwood reports
Would the real patient capital please stand up?
Nearly two decades of PE ownership has taught the management of V.Ships that not all financial backers are created equal. Kimberly Romaine speaks to CEO Clive Richardson about the pros т and cons т of private equity ownership.
Leverage drives up prices, not returns
PE pays more for assets than trade, with the debt lining vendorsт coffers rather than enhancing buyersт returns, according to a recent study. Kimberly Romaine reports.
Private equity – A man's world?
The French venture capital association has just established a body to address gender inequality in private equity. But why do so few women still work in the industry? Susannah Birkwood finds out
Cinven and BC exit final Amadeus shares and reap 7x
Cinven has exited its remaining 3.4% stake in Amadeus IT Holding, bringing the total proceeds from the travel reservation specialist's IPO to more than €1.6bn.
ProA-backed Ambuibérica bolts on Ambulancias Reus
Grupo Ambuibérica, a company owned by Spanish private equity firm ProA Capital, has acquired fellow ambulance business Ambulancias Reus.
LPs: Crisis overstated – mid-market offers best prospects
LPs hold out high hopes for Europeтs mid-market. However GPs must strategize carefully. Kimberly Romaine reports from Budapest.
Ersel invests in Zoom Torino
Gruppo Ersel has invested in Italian zoological park Zoom Torino.
Earlybird agrees Italian joint venture
Earlybird has reached an agreement with Azimut Holding to launch of a venture capital fund focused on Italy.
Carlyle buys Telecable for €400m
The Carlyle Group has won the bidding war for Spanish telecommunications provider Telecable de Asturias, beating CVC at the last hurdle with its offer, which values the company at €400m.
Venture's global outlook drives success
Europe may gradually and finally be shedding its image as the ugly duckling of alternative assets investment opportunities. Kimberly Romaine reports from Budapest.
To have and to hold
Private equity prides itself on patience. But three-to-five year holds arenтt always enough to maximise value from companies. Kimberly Romaine reports.
PE a 'force for good' but must focus on social issues
Four years on, European private equityтs largest catch is still happy with its owners. unquoteт reports from the BVCA Summit in London.
Aksia reaps 35% return on Robuschi exit
Italian private equity firm Aksia Group has achieved an IRR of more than 35% and a money multiple in excess of 4x on its sale of Robuschi, a manufacturer of blowers and pumps, to Gardner Denver.