Southern Europe
GLOBAL - LBPE agrees to buy back more shares
Lehman Brothers Private Equity Partners has amended the liquidition enhancement agreement from July 2008 to raise the amount of shares it can buy back.
GREECE - Global Finance sponsors Euroclinic buyout
Global Finance has sponsored a leveraged buyout of Greek healthcare group Euroclinic from the Dutch financial services group Eureko BV for an undisclosed amount.
SPAIN - PE investment drops 32% in 2008
According to recent figures released by the Spanish Venture Capital Association (ASCRI), private equity invesment has dropped by 32% in Spain to reach EUR 2.9bn, close to 2006 levels.
ITALY - Foresight appoints new investment director
Foresight Group has strengthened its Rome-based environmental team with the appointment of Giovanni Terranova as an investment director.
GLOBAL - Secondaries pricing dips to five year low
Pricing of limited partnership interests on the secondaries market dipped to its lowest level for five years in H2 2008, with the average high bid falling to just 61% of NAV according to the Winter 2008 Secondary Pricing Analysis Interim Update , produced...
EUROPE - Shearman & Sterling promotes 12 to counsel
International law firm Shearman & Sterling has promoted 11 lawyers to counsel and one to European counsel.
Forward thinking
Major players in the region give their view on the upcoming year to Francinia Protti-Alvarez
Permira's plight
Permira is letting its investors scale back. Reactions are mixed
Weathering the storm
Francinia Protti-Alvarez reports from the second annual unquote" Private Equity Congress, which was held in Milan on 26 November
SPAIN - Catalana d'Iniciatives to back buyout of Spanair
According to reports, the Consorci Turisme de Barcelona consortium and Catalana d'Iniciatives are in the process of acquiring an 80% stake in air carrier Spanair from SAS.
ITALY - BCC acquires minority stake in Euromisure
BCC Private Equity has acquired a 49% stake in industrial thermometry specialists Euromisure Srl, with the founding owners holding the balance of the equity.
PORTUGAL - Magnum acquires Generis
Spanish fund Magnum Capital Industrial Partners has wholly acquired Portuguese pharmaceutical firm Generis in a deal understood to be valued at around EUR 208m.
ITALY - Barclays completes EUR 130m SBO of Cartorama
Barclays Private Equity (BPE) has acquired stationery manufacturer Cartorama from Arner Private Equity in a secondary buyout valued at about EUR 130m.
ITALY - DGPA invests EUR 10m into Light Force
DGPA SGR has invested EUR 10m into clothing manufacturer and distributor Light force, taking a 32% stake in the company, with the balance of the equity being retained by the founding partners Tiziano Sgarbi and Simona Barbieri.
EUROPE – EIF's Meyer seconded to EVCA
The European Investment Fund (EIF), Europe's largest venture fund investor, has seconded Thomas Meyer to the EVCA for a period of three years, commencing in January.
ITALY - Abacus to divest Controls
According to reports, Abacus Partners has made the first move towards the sale of its portfolio company, engineering firm Controls.