Financials
Private equity giants reportedly eyeing ING unit
ING REIM, the Dutch bank's internal real estate investment unit, is reportedly attracting interest from private equity investors, including KKR and Apollo Management.
CVC and Apollo in Brit Insurance agreement
CVC Capital Partners and Apollo Management have reached an agreement with Brit Insurance to take the company private.
Augur Capital buys Aura Finanz GmbH
Augur Capital has acquired German insurance broker Aura Finanz.
Potential AlpInvest sale gains momentum
The potential sale of ABP- and PGGM-owned AlpInvest Partners, which surfaced earlier this year, is said to be reaching its final stages.
AXA Private Equity takes over Natixis private equity arms
AXA Private Equity has completed the acquisition of portfolios managed by iXEN Partners, NI Partners and Initiative & Finance from Natixis for €507m.
Naxicap backs Primonial MBO
Naxicap Partners has backed the management buyout of The Groupe Primonial, the merging entity of Patrimoine Management & Associés and Primonial FundQuest.
Pohjola Capital Partners becomes Vaaka Partners
The private equity division, Pohjola Capital Partners, has agreed a management buyout with majority shareholder Pohjola Bank.
Augur Capital holds €70m first closing on latest fund
Augur Capital has held a first closing at €70m for its Augur FIS Financial Opportunities II fund.
Altor and Bure backed Carnegie acquires HQ Bank
Altor Equity Partners and Bure Equity-backed investment bank Carnegie has acquired the troubled Swedish bank HQ Bank.
Candover to sell-off Equity Trust
Candover is rumoured to be in talks with Doughty Hanson to sell its Equity Trust portfolio company.
Apax linked to Polish bank bid
Apax is in talks with Spain’s Santander over a joint bid for Bank Zachodni WBK, the Polish arm of Allied Irish Banks, according to reports.
CalPERS private equity manager steps down
Leon Shahinian stepped down as head of the private equity portfolio at CalPERS amid a fraud lawsuit.
Private equity firms bid for EBS
JC Flowers, Doughty Hanson and Cardinal Asset Management have placed bids for EBS Building Society, according to reports.
Permira joins race for BHF Bank
Permira has reportedly joined the race to bid for BHF Bank, which is being sold by Deutsche Bank for about €600m.
Stress tests open up Spanish bank opportunities
Recent banks stress tests have revealed private equity investment opportunities in Spain, with some of the countryтs largest banks seemingly ripe for picking.
Advent and Bain in £2bn RBS deal
Advent International and Bain Capital are set to acquire the Global Merchant Services operation of Royal Bank of Scotland (RBS) in a deal worth ТЃ2bn, according to reports.
Invest Equity completes management-buyout
Invest Equity has completed its own management-buyout, a process that started in 2004.
Nordic Mezzanine office move
Nordic Mezzanine has moved offices in London and Helsinki.
CapMan invests in Bank Evropeiskij
CapMan has invested in the Russian-based Bank Evropeiskij through its CapMan Russia fund.
Apax acquires BNP Paribas Personal Finance Belgium
Apax has agreed to acquire BNP Paribas Personal Finance Belgium from BNP Paribas.
Lone Star buys Düsselhyp bank from BdB
US fund Lone Star has acquired the DУМsselhyp bank from BdB, the German commercial banking association.
Inova Capital sold by Torreal
Inova Capital has been sold by Torreal to investment firms Ibersuizas and GB Inversiones.
Inflexion catches Fish Insurance
Inflexion Private Equity has acquired Preston-based Fish Insurance from Mosaic Private Equity in a secondary buyout.
Brit Insurance shares jump after declining private equity offer
Brit Insurance shares jumped 20% this morning after the firm rejected a private equity approach, according to reports.