Infrastructure
Consortium invests in Målselv Utvikling
A consortium consisting of Investinor, Sparebanken Nord-Norge Invest, SIVA, Luma Invest and others, have invested NOK 52m in MУЅlselv Utvikling AS.
Industry veterans launch new Russia fund, Elbrus Capital
Three industry veterans are launching a new Russian private equity investment company, Elbrus Capital, after they bought out the assets of Renaissance Private Equity from the Renaissance Group at the end of 2009.
KKR and CVC-backed Van Gansewinkel mulls IPO
Van Gansewinkel, owned by Kohlberg Kravis Roberts & Co (KKR) and CVC Capital Partners, is reported to be preparing its initial public offering.
Ventizz Capital acquires 44% stake in conlinet
Ventizz Capital Partners has acquired 44.2% of glass-fibre infrastructure provider conlinet.
Water investing: money on tap?
Water is back on tap as two companies in the area have generated interest from private equity this week, reports Deborah Sterescu.
DENMARK - EQT Infrastructure acquires Kommunekemi for EUR 35m
EQT Infrastructure has acquired hazardous waste management company Kommunekemi from The Local Government Denmark (LGDK), The Municipality of Copenhagen, and the Municipality of Frederiksborg, for an enterprise value of DKK 260m.
Essent Milieu auction scrapped
It is understood that Essent has decided against the sale of its waste management division, Essent Milieu, stating that the offers were too low.
UK - Impax appoints managing director
Renewable energy-focused investor Impax Asset Management has hired Daniel von Preyss as managing director of private equity for the Impax New Energy Investors LP fund (NEI).
NORDIC - The winner takes it all
"There will be winners and losers coming out of this recession," said 3i partner Alan MacKay, speaking today at the Nordic unquote" Private Equity Congress in Stockholm, adding that finding new financing solutions today will be what separates the wheat...
UK/GERMANY - Freshfields appoints heads of ENR sector group
Freshields Bruckhaus Deringer has appointed London-based partner Laurie McFadden and Hamburg-based partner Dirk Hamann as joint heads of the firm's energy and natural resources (ENR) sector group.
UK - CGC buys Pragma and Real Time in £27.8m deal
Close Growth Capital (CGC) has backed the ТЃ28m management buyout of Pragma and Real Time, the UK IT services businesses of Sword Group Plc, the listed French IT company. Scottish Enterprise, Clysedale Bank and management also invested.
The solar system
Of the various technologies that make up the renewable energy sector, it is solar that absorbs the most capital. European and government incentives make it an attractive investment for both GPs and banks despite the economic slowdown. By Francinia Protti-Alvarez...
Rubbish deals
Prior to Lehman's collapse, the environment was one of the main issues on many government agendas. With dealflow all but dried up owing to financing difficulties, waste management stands out as a defensive sector
Buyout focus - Southern European sunshine
As Europe licks its fresh wounds, Italy and Portugal are making hey, but can the sunshine last in Southern Europe or will the storm clouds from the rest of Europe blow in? By Francinia Protti-Alvarez
EUROPE - 3i Infrastructure stays solid
Following the stark pre-close period statement released by 3i Group plc yesterday the firm's infrastructure arm published a contrastingly bright statement today, revealing steady investment activity and strong performance.
Southern Europe Sunshine
As Europe licks its fresh wounds Italy and Portugal are making hey, but can the sunshine last in Southern Europe or will the storm clouds from the rest of Europe blow in? By Francinia Protti-Alvarez
Of timing and opportunity
The market has ground to a halt. In the UK, deal flow has almost halved from a year ago to just 20-25 deals a month nowadays. But this hides the fact that a strong undercurrent lies beneath. Everyone is busy, trimming down costs, refinancing, reorganising;...
EUROPE - 3i sells stake in Infrastructure
Listed private equity firm 3i has reduced its stake in its infrastructure fund to a third after selling 77 million shares. The placing raised ТЃ61m towards the ТЃ2bn debt pile the investor has accrued; half of which is due in the next three years.
EUROPE - 3i appoints Hogg managing partner, Infrastructure
Following the announcement that Michael Queen will replace Philip Yea as CEO of listed private equity heavyweight 3i, the firm has appointed Cressida Hogg to replace him as managing partner of its infrastructure business.