Southern Europe
ITALY – Valentino delisting completed
It is understood that the last stage of the Valentino delisting by Permira, which is valued at EUR 1.8bn, has concluded.
SPAIN – N+1-backed Eolia Renovables gets EUR 80m loan
N+1-backed renewable energy specilaist Eolia Renovables has received an EUR 80m loan from Banesto in order to guarantee its operations until 2010.
SPAIN – Caja Navarra to invest in video game developer
Caja Navarra is to invest up to EUR 500,000 in Catalonian video game developer U-Play Studios through the Eurocam Alto Rendimiento fund.
ITALY - BS Private Equity exits textile manufacturer
BS Private Equity together with IPEF III and MPS Venture has sold its controlling stake in textile manufacturer Klopman in a deal with an enterprise value of EUR 70m, generating a 3x money multiple for the seller.
GLOBAL - BC Partners to bid for Kroll
It was reported today that BC Partners has recruited David Buchler, former chairman at restructuring business Kroll, now at security group Marsh & McLennan, to lead the buyout of Kroll.
EUROPE - Headway closes fund
Headway Capital Partners has closed its second private equity secondaries fund, Headway Investment Partners II, LP at €150m.
EUROPE - European Capital to halt equity investing
Reports today suggest that European Capital, the private equity arm of alternative asset manager American Capital, is to cease its European buyout activities at the behest of its parent due to the worsening economic climate.
EUROPE – Houlihan Lokey names new VP debt advisory team
Houlihan Lokey, the international investment bank, has announced the appointment of Richard Clark as vice president in the Debt Advisory team.
Ready for restructure?
An economic slowdown and tightened liquidity are putting strain on portfolio companies. Private equity houses will need to initiate effective restructuring or see turnaround players and activist investors swoop for distressed assets, writes Nathan Williams