Southern Europe
Invercaria and SEPIDES invest €2m in Futuna Blue
Invercaria, the investment vehicle of Junta de Andalucía, and Banesto Enisa Sepi Desarrollo, a private equity firm managed by Banesto and the Collosa group, have invested €2m in Futuna Blue.
Fund lifetimes: Extend and pretend?
With market fears that a capital overhang could encourage reckless investments and artificially high valuations, would it make sense to redesign the private equity fund model to allow for longer investment and holding periods? The argument has gained...
Secondary buyout activity stable despite market fears
Despite widespread concern over the number of secondary buyouts being seen in the market, unquoteт research suggests they are no more common today than they were in 2005. John Bakie investigates
Advent Venture holds final close of $120m fund
Advent Venture Partners has announced the final close of its Advent Life Sciences fund, having raised $120m.
Video Interview: 3i's Michael Queen
The private equity landscape has changed since the financial crisis, and firms will need to adopt new strategies to make a success of their portfolio companies, according to 3i's chief executive, Michael Queen.
Investindustrial shows interest in TSC
Southern European mid-market specialist Investindustrial has expressed an interest in buying ambulance group TSC, according to sources.
Mid-market: The next big thing?
Even though big buyouts have staged a spectacular comeback in 2010, mid-market transactions are widely expected to be at the forefront of dealflow and value creation going forward т but strong headwinds could make for a rough, if ultimately rewarding,...
Active gives Oooferton €500,000 cash boost
Active Venture Partners has invested €500,000 in online sales website Oooferton in exchange for a minority stake in the business.
CVC closes €157m R Cable deal
CVC Capital Partners has exercised its right to purchase an extra 35% of fibre optics company R Cable in a deal which is reported to be worth more than €157m.
Clave Mayor exits Superleague Formula
Clave Mayor has sold its stake in Superleague Formula - an Italian business which runs a global championship linking football and motor racing – to a Luxembourg-based fund.
Sofipa reaps 1.7x on Byte exit
Sofipa, Unicredit Group’s private equity fund manager, has reaped a money multiple of 1.7x on its sale of Byte Software House to Automatic Data Processing.
Inova to make loss on Lartec exit
Inova Capital looks set to make a loss on its investment in Lartec Desarrollos Inteligentes after the home technology equipment provider went into administration.
Secondary buyouts: black sheep of the industry?
Secondary buyouts have often come under fire, accused of offering poor returns for LPs. But new research suggests secondary returns can match those seen in primary buyouts. John Bakie investigates
Quantica invests €3.5m in X2Tv
Venture capital firm Quantica has invested €3.5m for a 40% equity stake in Italian-based mobile firm X2Tv.
LODH and Qualitas sell 20% of Forte
LODH Private Equity and Qualitas Venture Capital have partially exited precast concrete specialist Forte Hormigones Group via a management buy-back.
IdeA launches €100m cleantech fund
IdeA Capital Funds has launched a €100m vehicle which will invest in early-stage companies in the cleantech sector.
Advent closes €100m Tinsa buyout
Private equity giant Advent International has closed a €100m deal to buy a 94.5% stake in Spanish real estate ratings agency Tinsa.
Isle of Man pitches for business in the new PE environment
It may seem counter-intuitive, in a particularly bleak fundraising environment, to be heavily promoting the latest iteration of a specialist tax-efficient fund structure, but that is what the Isle of Man has been doing. Julian Longhurst investigates....
Platina acquires 10 Italian solar plants
Renewable energy specialist Platina Partners has acquired 10MW of solar photovoltaic (PV) projects in Italy from family-owned construction firm the Degennaro Group.
Intel Summit: The future of tech investment
The Intel Capital CEO summit not only shed a light on future technology but also brought back some well known faces. Emanuel Eftimiu reports.
Carried interest tax debate re-kindled
Carried interest earned by private equity GPs is taxed as capital gains, not as income: thatтs just the way it is. The Obama administration promised to end this tax break, but the reform was quietly swept under the carpet. However, the debate looks likely...
unquote" mobile site launched
unquoteт has launched a mobile friendly version of its website, allowing subscribers to check on all the latest deal and industry news while on the move.
Special report: unquote" Italia Private Equity Congress 2010
Economic policy, the continued strain of the recession and the importance of localism were issues high on the agenda at the fourth annual unquote” Italia Private Equity Congress.
Asia's growing importance in European M&A
The sale process surrounding 3i portfolio company Hyva would not only be a major exit for the investor, but demonstrates the increasingly global nature of M&A. The proposed тЌ600m sale has received interest from not only European private equity houses,...