Southern Europe

SPAIN - HgCapital builds solar presence

HgCapital's Renewable Power Partners Fund has purchased stakes in three Spanish solar photovoltaic (PV) plants from AIG Financial Products Corp and investment banking firm 360 Corporate. The deal represents an enterprise value of EUR 300m.

EUROPE - KPE to transfer $211m in co-investments

KPE, the Amsterdam-listed arm of Kohlberg Kravis and Roberts (KKR), is to transfer five co-investments representing $211m in fair value to a KKR sponsored co-investment fund for an aggregate purchase price of $200.4m in cash.

EUROPE – PE to be PR nightmare

"The trends that emerged over recent years have fundamentally interfered with the alignment of interests between GPs and LPs," commented Roberto Quarta of Clayton, Dubilier & Rice Europe, speaking at what can best be described as a reflective EVCA Investors...

EUROPE - Allen & Overy to cut back banking teams

Law firm Allen and Overy, which earlier this year announced that it was to make a series of redundancies as part of a wider restructuring, is reportedly planning to substantially scale back its banking teams worldwide, which could lose as much as a third...

GLOBAL - Riverside promotes 12 and hires four

International private equity firm The Riverside Company has promoted 12 employees and hired three investment professionals as well as a new assistant director of marketing and communications.

Beauty or the beast?

Private equity's bad rap has spread from trade unions to vendors to Brussels. The industry will overcome this for myriad reasons: its attempts to stave off negativity; its ability to efficiently execute deals and, most of all, the fact that sellers may...