Southern Europe
ITALY - Xenon surpasses EUR 130m target for latest fund
Italian lower mid-market buyout firm Xenon Private Equity has reached the final close of Xenon V at EUR 150m (hard cap) above the EUR 130m target.
GLOBAL- Stanford University puts $1bn of assets on the block
Palo Alto-based Stanford University, one of the largest endowments, has put as much as $1bn of its illiquid investments up for sale in an effort to raise cash for the cash-strapped institution.
EUROPE - Former Northern Rock CEO appointed adviser for Apollo
Adam Applegarth, the former CEO of failed UK bank Northern Rock, has joined distressed debt investor Apollo Management as a senior advisor to the firm's European fund.
SPAIN - Suma appoints new adviser
Private equity firm Suma Capital has appointed president of pharma group Ferrer, Sergio Ferrer-Salat Serra di Migni, as independent adviser.
ITALY/MALTA - Denham-back SunRay secures EUR 120m financing
Denham Capital-backed SunRay Renewable Energy has secured EUR 120m project financing to build a 24MW plant in Montalto di Castro.
ITALY/SPAIN - Investindustrial closes on EUR 100m target
Southern European private equity firm Investindustrial has closed its Build-Up Fund on its target of EUR 100m after five months on the road.
GLOBAL - KKR finally completes KPE merger
After over a year of delays and revisions, US-based private equity giant KKR has now completed its merger with its Amsterdam-listed affiliate, KKR Private Equity Investors.
GLOBAL - Hellman closes $9bn seventh fund and management shake-up
International private equity house Hellman & Friedman has announced the final close of its seventh and largest fund, HFCP VII, on a little under $9bn, as well as a major shake-up of the firm's management team.
EUROPE - GPs must re-invent, LPs must invest
Europe's GPs must change their ways to emerge successful from the current market conditions, and need LPs to back them in order to do so. This was the theme this morning at the fourth annual Deutsche unquote" Private Equity Congress in Munich.
PORTUGAL - Riverside acquires Crioestaminal
US private equity firm Riverside has acquired a 67% stake in biotechnology business Crioestaminal for an undisclosed sum.
Good business
Though environmental, social, and governance-driven investing may be winning more advocates - highlighted by signataries to the UN's PRI - we may still be a way from systematic implementation of a responsible investment strategy that goes beyond a commercial...
What the future holds
The worst of the storm may be behind us, with investors regaining their appetite as IPO markets slowly start opening up. Indeed, Madrid-based travel agency Amadeus, backed by Cinven and BC Partners, has hired Rothschild to advise on its planned flotation...
GLOBAL - KKR appoints Levin as head of IR; merger with KPE expected Thursday
KKR has appointed Jonathan Levin to the newly created position of head of investor relations, a move designed to prepare the private equity firm as it becomes a publicly listed company.
ITALY - Hal shows interest in Safilo’s retail network
Reports suggest that Dutch group Hal Investments has shown interest in eyewear maker Safilo's retail network, with particular interest in the sales points in Spain, Mexico, US, Australia and China. a total of 327 sales points.
EUROPE - Baird expands institutional equity services team
Baird has hired Said DeSaque as director of institutional sales and investment strategy to be based in London.
GLOBAL - HSBC names Alternative Investments managing director
HSBC has promoted the present head of real estate at HSBC Alternative Investments, Chris Allen, to managing director of the unit.
SPAIN - DLJ acquires 25% stake in Santillana
According to a note from the Spanish regulator CNMV, DLJ South American Partners has acquired a 25% stake in education publishing house Santillana from its parent media group Prisa, in a deal that values the company at around EUR 1bn.
UK/EUROPE - Wellington leads $16m Livebookings funding
Pan-European venture capital firm Wellington Partners has led a $16m funding round for online restaurant marketing and reservations service Livebookings, along existing investors.
GREECE - Argo-backed On Telecoms acquires Vivodi
On Telecoms, a telecommunications business backed by UK-based investor Argo Capital Management, has acquired broadband services provider Vivodi Telecom.
UK/EUROPE - Impax appoints head of sales
Environmentally focused Aim-listed investor Impax Asset Management has appointed John McDonald as head of sales and marketing.
GLOBAL - Carlyle appoints vice chairman of global buyouts
International private equity firm Carlyle Group has appointed Gregory Summe to the newly created position of vice chairman of global buyouts.