Southern Europe
Caution ... is key
Director of private equity at SVG Advisers, Sam Robinson, speaks on LPs' decreased appetite for risk and the need to make vehicles more efficient in this economic climate. By Sam Robinson, SVG Advisers.
Jockeying for position
A private equity landscape in subsidence, a barren fundraising market and stateside-kickback scandals: placement agents are having to change their modus operandi. By Ashley Wassall
EUROPE - NB Private Equity lists on SFM
Euronext-listed NB Private Equity Partners (formerly Lehman Brothers Private Equity) has announced the admission of its class A ordinary shares to the Specialist Fund Market (SFM) of the London Stock Exchange, effective this morning.
SPAIN - First Reserve-backed 9REN completes EUR 100m financing
First Reserve Corporation-backed renewable energy producer 9REN has completed the financing of a 14.7MW photovoltaic project in Southern Spain, raising over EUR 100m.
PORTUGAL - Carlyle and Crimson form real estate joint venture
Reports suggest that Carlyle Group has established a joint venture with Iberian real estate investor Crimson Investment Management.
ITALY - Permira in negotiations over Valentino
It is understood that Permira-backed fashion Valentino house is close to signing a standstill agreement with its lending syndicate, led by Citigroup, UniCredit and Mediobanca, as it struggles to meet payments on its EUR 2.5bn debt pile.
ITALY - Bridgepoint appoints director
Bridgepoint has appointed Matteo Perale as a director in its Milan office, where he will operate within the media, technology and financial services teams.
EUROPE - EVCA task force calls for EUR 1bn threshold
Two months on from the launch of the European Commission's proposed Alternative Investment Fund Manangers (AIFM) Directive, the EVCA Brussels Task Force has published its formal response, which calls for an increased in the minimum qualifying threshold...
SPAIN - PAI one of two contenders left for Cintra
According to reports, PAI Partners is one of only two contenders remaining in the race for Ferrovial's parking division, Cintra, in deal that could be worth between EUR 400-450m.
SPAIN - BCN Emprèn completes capital increase
BCN Emprèn has increased its capital base to EUR 15m, in a move that sees public corporation Enisa become a shareholder in the venture capital company.
GLOBAL - KKR to merge with KPE
Private equity giant KKR has announced that it will go through with a planned merger with its Amsterdam-listed fund KKR Private Equity (KPE), though a subsequent floatation on NYSE is still likely to be some way off.
PORTUGAL - GED acquires majority stake in Fase
It is understood that Spain-based private equity firm GED has acquired a 70% stake in Portuguese consultancy business Fase, in a deal valued at EUR 12m. The balance of the equity will be retained by the management team.
ITALY - SICI takes 45% stake in Digitart
Sviluppo Imprese Centro Italia (SICI) has invested EUR 2m into smart house specialist Digitart through a capital increase, taking a 45% stake in the business.
GLOBAL- Madison's Mosher to retire
According to reports, Madison Dearborn Capital Partners co-founder David Mosher is to retire after 17 years at the firm.
SPAIN - Diana to launch second fund
According to reports Diana Capital is close to launching its second fund, having fully investing its first EUR 70m vehicle.
Due diligence: Levelling the playing field
In a market dominated by distressed sales and complex restructuring operations, the role of intermediaries has taken on renewed significance, writes Ashley Wassall
In rude health
The is currently something of a buzz around the healthcare sector, but there may not be opportunities for all. By Ashley Wassall
EUROPE - Sun Capital loses managing director
Philip Dougall, managing director of Sun Capital Partners Europe, has resigned after six years with the firm.
EUROPE - Marwyn to launch recovery fund on SFM
Investment and advisory group Marwyn intends to launch a UK-based recovery fund on the Specialist Fund Market (SFM) of the London Stock Exchange, The Marwyn Alternative Capital Fund, which will be aimed at businesses suffering depressed valuations as...
GLOBAL - KKR may not float
Reports suggest that private equity firm Kohlberg Kravis Roberts & Co (KKR) is rethinking its plans to float on the NYSE.
SPAIN - AGF leads EUR 2m round for eRepublik
French investor AGF Private Equity has led a EUR 2m series-A funding round for Spanish online strategy game platform eRepublik.