UK / Ireland
UK - NES supports waste management plant
The New Earth Solutions Recycling Facilities Investment Fund has provided financing to support the launch of a waste management plant at Blaise Farm Quarry.
UK - NVM yields 2.6x money from Stainton sale
NVM Private Equity has sold street lighting columns manufacturer Stainton Metal Company Ltd to Valmont Industries, a NYSE-listed group whose manufacturing activities include lighting and traffic poles, for an undisclosed sum, generating an initial return...
UK - SEP invests £5m into Cmed
Scottish Equity Partners (SEP) has invested £5m into clinical research data firm Cmed Group.
UK - Concerns continue over pension liabilities
A new survey has revealed that increasing pension fund liabilities resulting from rising age expectancy continues to be the most significant concern for private equity investors, with more than half expecting to have to writedown the value of investments...
EUROPE - CVC appoints new senior adviser
CVC Capital Partners has appointed Charles-Henri Filippi as senior adviser.
UK - BVCA calls for more favourable treatment of private equity
The British Private Equity and Venture Capital Association (BVCA) has called on the Chancellor to improve the tax and regulatory environment for private equity and venture capital in the pre-budget report on Monday, or risk potentially losing investors...
EUROPE - IPEV reaffirms commitment to fair value
At a press conference in London this afternoon the International Private Equity & Venture Capital Valuation board (IPEV) emphasised its support of the fair value methodology as the best measure of assessing the value of private equity portfolio companies...
UK - KKR appoints director of European corporate affairs
KKR has appointed Ludo Bammens as director of European Corporate Affairs.
UK - Impax hires two
Impax Group has appointed Victor Juttmann and Caroline Barraclough as investment manager and marketing manager respectively.
The value of 'fair value'
Private equity firms are facing a difficult and potentially painful year-end accounting process as they adapt to the increasing requirements of fair value reporting, but there could be rewards in store for those that meet the challenge. By Ashley Wassall
The wheel turns...
With pressure mounting on both GPs and LPs alike as the post-crunch economic decline stagnates the primary market, the cycle seems once more to have turned in favour of secondaries players. Ashley Wassall reports.
How to Pick Winners
Despite the age-old adage that backing sound management is paramount, a new study reveals that people are less important than the product.
Movers and shakers
Despite the current economic turmoil and subsequent downturn in deal activity, several areas of the private equity industry have witnessed a recruitment boom in the last month. Is this a sign of better things to come? Ashley Wassall reports.
UK - Nova appoints new board member
Nova Capital Management has appointed David Carman to its board.
GERMANY/UK - Riverside-backed Sage makes fourth acquisition
Riverside Company-backed international communications company Sage Holdings has acquired Capital Precision, a UK-based provider of capital markets intelligence.
IRELAND - Irish goverment in talks with private equity
The Irish government has been reported as being in talks with private investors from outside the country regarding a possible investment into its banking sector, with US-based JC Flowers thought to be amongst the interested parties.
EUROPE - Antin Infrastructure Partners launch announced
Antin Infrastructure Partners, a new fund management business focusing on the infrastructure space and affiliate of BNP Paribas Asset Management, announced its launch this morning at a briefing in London.
UK/GERMANY - Latham & Watkins elects 30 new partners
Latham & Watkins has elected 28 associates and two counsels to partnership, effective 1 January 2009.
UK - RJD refinances IPES
RJD Partners has completed a refinancing of IPES Holding Ltd, a provider of outsourced fund administration services.
UK - Close Brothers appoints director
Close Brothers has hired Luke MacKenzie to its European restructuring and debt advisory group.
UK - Lightspeed invests $1m into Casual Collective
Lightspeed Venture Partners has completed a $1m seed investment into social gaming site Casual Collective.
UK - SVG attempts to scale back payments
SVG Capital has been reported as talking to Permira, of which it is the largest single investor, regarding a scaling back of future payments.
UK - Brown Rudnick appoints Richard Penfold
Brown Rudnick has appointed Richard Penfold to its corporate group in London.
UK - Dale and Madden leave Hotbed
Bernard Dale and Claire Madden have left investor syndicate Hotbed.