UK / Ireland
EUROPE - Oaktree closes on EUR 1.6bn
US-headquartered investor group Oaktree Capital Management has closed OCM European Principal Opportunities Fund II LP, its second European fund dedicated to opportunistic private equity and distress-for-control investments, on around EUR 1.6bn.
UK - Freshfields promotes Pugh to head of dispute resolution group
International law firm Freshfields Bruckhaus Deringer has promoted Chris Pugh to global practice group leader for the firm's dispute resolution group, replacing Ian Terry, who has held the position for three years.
UK - Sun European eyes second furniture rescue
Troubled furniture retailer Land of Leather has confirmed that it has recieved several unsolicited approaches regarding a takeover, with reports suggesting that Sun European, the private equity firm which rescued rival business ScS Upholstery from administration...
Slow Start
Nothing much has been heard of the LSE's Specialist Fund Market since its launch a year ago. Now it looks like the market might get out of first gear
On the rocks
All the chit-chat nowadays is about how no-one will close a deal before Christmas and that vendors want silly sums for their businesses. The deal-doing world is largely on hold, and with it, the community that advises them for handsome fees. Furthermore,...
UK - Unquote” congratulates the winners of the British Private Equity Awards
Unquote" hosted the fourth annual British Private Equity Awards in London last night.
UK - Catapult backs £1.8m Key investment
Catapult Venture Managers has made a £850,000 investment into engineering firm Kay Technologies as part of a £1.8m funding round.
UK - Braveheart opens London office
Technology commercialisation and investment management company Braveheart has opened a new office in London in an effort to strengthen its UK presence.
UK – HgCapital bolsters renewables team
HgCapital has appointed Luigi Pettinicchio and Luis Quiroga to its Renewables team, bringing the total number of energy infrastructure specialists to seven.
IRELAND - Irish banks attract private equity
According to reports, a consortium of private equity firms comprising Irish investment company Cardinal Asset Management, JC Flowers, the Carlyle Group and Middle Eastern sovereign wealth funds, is in due diligence to acquire a 60% stake in Bank of Ireland.
UK - Mixed response to pre-budget report
There was a mixed response from the private equity community to yesterday's pre-budget report, with praise for initiatives to boost the competitiveness of SMEs and concern expressed over potential future tax rises for high-earners.
UK/FRANCE - Apax sued over profit split
Apax Partners co-founder Maurice Tchenio is sueing the firm in a dispute over how profits and fees were split on deals in Europe since 2001.
UK - Spirit opens in London
Spirit Capital (formerly Aberdeen Asset Management) has opened a new office in London's Threadneedle Street, which will be headed up by managing partner Francesco Santinon.