Southern Europe
EUROPE - Stronger cooperation among European associations
Europe's private equity trade bodies have vowed to work closely together to drive improvements to the proposed Alternative Investment Fund Managers Directive launched by the European Commission in April this year.
EUROPE - Cerberus loses two heads
It is understood that US-based investor Cerberus has lost two of its European-based heads in London as part of a firm-wide scaling back operation.
EUROPE - Advent International hires partner
Global private equity firm Advent International has hired Bob Wigley as operating partner in its London office.
ITALY - Clessidra acquires 30% stake in Cavalli
Report suggest that private equity firm Clessidra has acquried a 30% stake in fashion house Cavalli in a deal valued at EUR 100m.
EUROPE - Richard Wilson to succeed Jonathan Russell as EVCA chairman
The European Private Equity and Venture Capital Association (EVCA) has announced Richard Wilson, senior partner at Apax Partners, as the proposed successor of chairman Jonathan Russell.
EUROPE – LODH closes Euro Choice IV on CHF 776m
Lombard Odier Darier Hentsch has closed Euro Choice IV on CHF 776m.
SPAIN - Catalana d'Iniciatives acquires e-Diagnostics in EUR 3.8m deal
Catalana d'Initiatives has acquired an 80% stake in medical diagnostics firm e-Diagnostic, in a deal valued at EUR 3.8m.
ITALY - Innogest leads $8m beeTV funding
Italian venture investor Innogest has led an $8m series-B financing round for TV content producer beeTV.
ITALY - TTVenture makes EUR 3m Directa investment
Venture investor TTVenture has invested EUR 3m into nanotechnology firm Directa Plus.
EUROPE - KKR writes down value of European fund by half
US buyout house KKR has reportedly written down the value of its second European fund, which includes in its portfolio Alliance Boots, by almost half.
SPAIN - Xesgalicia invests EUR 1.5m in Cross Road Biotech
Reports suggest that Xesgalicia has acquired a 6% stake in biotech fund Cross Road Biotech.
ITALY – IDeA II fund-of-funds reaches first closing on EUR 150m
IDeA Capital Funds has held a first close on EUR 150m for IDeA II fund-of-funds.
EUROPE - Dunedin appoints new director
Dunedin Capital Partners' listed private equity investment trust has hired Federico Marescotti as a new director.
EUROPE - AnaCap closes second fund on EUR 575m
London-based buyout-house AnaCap Financial Partners has closed its second fund, AnaCap Financial Partners II, on EUR 575m, almost twice the size of its predecessor, which closed on EUR 300m in 2006.
SPAIN - Palamon and G Square invest in Grupo Sar
Mid-market buyout house Palamon Capital Partners and healthcare dedicated investor G Square have completed an investment into Spanish elderly care services provider Grupo SAR.
Supporting the structure
The noise of restructuring is finally making itself heard. In Italy, media reports have put some private equity-backed firms in the spotlight as they face distressed debt issues. Yacht-maker Ferretti, formerly backed by Candover and Permira, is the latest...
Italy - catching the cold
For a while Italian private equity seemed to have avoided the worst effects of the market turmoil. However, the slump seen over the winter suggests otherwise