Southern Europe
Strange bedfellows
Not so long ago, corporates and private equity firms were arch rivals in many hotly contested auctions. Could the lack of liquidity in today's market, volatility and poor visibility encourage erstwhile contenders to consider joining forces?
The Big 3
Rikke Lilla Eckhoff talks to Katharina Lichter, a managing director and head of research at Capital Dynamics, about succession issues, spin-out teams and the bid-ask spread on secondaries
GLOBAL - Carlyle appoints leveraged finance MD
International investment house Carlyle Group has today announced the appointment of Debra Pedersen as managing director in the firm's New York-based global leveraged finance team, focusing on investor relations and fundraising.
EUROPE - KKR closes European annex fund
US-based buyout giant KKR has closed a EUR 400m annex fund to support additional equity investments for portfolio companies of its second European fund, which closed in 2005 on approximately EUR 4bn.
EUROPE - Candover reports further NAV decline; Buffin steps down
Bealeagured buyout firm Candover today released its interim management statement, which reveals a further 12% decline in NAV and sweeping changes to the firm's management.
EUROPE - Gimv appoints new technology adviser
Belgian-based investor Gimv has appointed Richard Seibt, chairman of the Open Source Business Foundation, to its Technology Advisory Board.
GLOBAL - Advent appoints operating partner
Buyout house Advent International has hired Richard Baker as operating partner.
GLOBAL - Ernst & Young appoints global PE leader
International business advisory firm Ernst & Young has appointed John Harley as the leader for its global private equity practice.
EUROPE - 3i may sell venture portfolio to Coller and HarbourVest consortium
3i is now reportedly in exclusive talks with a consortium led by secondary investors Coller Capital and HarbourVest Partners regarding the sale of its venture portfolio, with the price tag thought to be in the region of ТЃ100m.
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.
GREECE - Lamda acquires 20% stake in Alapis for EUR 90m
London-based private equity house Lamda Partners LP has invested EUR 90.2m in pharma manufacturer Alapis, representing 20% of the new ordinary shares.
ITALY - Clessidra's acquisition of Cavalli falls through
Reports suggest that negotiations between the designer and Clessidra have been terminated with little hope of being resuscitated, after disagreements on valuations.