Southern Europe
2009 already written off
Europe will not see signs of a return to economic health until 2010 at best, suggests a new survey
GLOBAL - TPG downsizes fund
TPG Capital is to cut its $6bn fund designed to invest in distressed financial companies by 25%, reports suggest.
SPAIN - N+1 reaps 2x returns from Atecsa sale
N+1, alongside its listed vehicle Dinamia, has wholly exited its stake in vehicle inspection business Atecsa through a trade sale to Ahorro Corporación subsidiary Henri Inversiones 2008 SL in a deal valued at EUR 27.8m, generating returns of 2x the money...
ITALY - DGPA acquires 65% stake in Production
DGPA has acquire a 65% stake in industrial group Production, with the remaining stake is held by the funding owners Gianni and Rosario Imperatore and the management.
EUROPE - Dubai Int'l Cap replaces PE CEO
Dubai International Capital has appointed David Smoot as its new private equity chief executive, to be based in Dubai.
EUROPE - PEREP appoints three board members
Private equity data platform PEREP_Analytics has appointed Sergey Sheshuryak, Sophie Manigart and Peter Rosenhoom to its governing board.
EUROPE - Baugur to collapse
Baugur is set to go into administration after its main banker, Landsbanki, ended restructuring talks with the once-prolific Icelandic investor.
SPAIN - Bullnet backs Códice Software
Bullnet Capital has invested in software developer Códice Software.
SPAIN - Bridgepoint interested in Cintra
According to reports, Bridgepoint is among the interested bidders for Ferrovial's parking lot division Cintra valued at approximately EUR 500m.
ITALY - Kingsbridge in talks over IT Holding
Market rumour suggests that private equity fund Kingsbridge is in talks with listed IT Holding, an Italy-based fashion group operating in the luxury goods market, over a EUR 100m investment in the debt-laden group.
GLOBAL - TPG sale talks collapse
US private equity house TPG Capital has, according to reports, broken off talks to sell a stake of the firm to investors.
ITALY - Alto Partners completes capital increase in IDM for add-on acquisition
Alto Partners SGR has increased its investment in Italian service company Integra Document Management (IDM) through a capital increase, completing the acquisition of the entire capital of Anacomp Italia Srl.
SPAIN - GMT completes EUR 26.5m Redext refinancing
GMT Communications Partners has completed a EUR 26.5m refinancing of portfolio company Redext's senior debt facilities.
SPAIN - Latham & Watkins appoints new partner
UK-law firm Latham & Watkins has appointed Jordi Domínguez as partner in its Madrid fiscal practice.
SPAIN - RyG, Nauta and Debaeque backed-Southwing halts payments
Riva y Garcia-, Nauta Capital- and Debaeque-owned components manufacturer Southwing has suspended its debt payments while it negotiates its sale, with Swedish company Cellpoint cited as a possible acquirer.
ITALY - BS Private Equity acquires TiNet for EUR 47m
BS Private Equity has acquired Tiscali International Network (TiNet) in a deal valued at EUR 47m.
EUROPE - 3i appoints Hogg managing partner, Infrastructure
Following the announcement that Michael Queen will replace Philip Yea as CEO of listed private equity heavyweight 3i, the firm has appointed Cressida Hogg to replace him as managing partner of its infrastructure business.
SPAIN - Doughty Hanson drops out of Seur bid
According to reports, Doughty Hanson has withdrawn the preliminary offer it presented last summer for for courier Seur.
Allocation concerns dominant among LPs
A new report shows that the declining value of liquid assets and continuing dearth of divestment opportunities is resulting in increasing liquidity worries amongst limited partners. By Ashley Wassall