Media
FRANCE - I-Source exits Advestigo
I-Source has sold copyright protection company Advestigo to Hologram industries, a global producer and distributor of high security optical solutions, for an undisclosed sum.
Beauty or the beast?
Private equity's bad rap has spread from trade unions to vendors to Brussels. The industry will overcome this for myriad reasons: its attempts to stave off negativity; its ability to efficiently execute deals and, most of all, the fact that sellers may...
UK - New group Rockley launches EUR 100m fund
Rockley Group, a new technology-focused investor founded by two established business angels, has launched its inaugural third party fund, Rockley Follow-On Fund, which will have a target of EUR 100m.
UK - CVC appoints senior adviser
CVC Capital Partners has appointed Sir Julian Horn-Smith as senior adviser in London.
Statistical slide
With both final quarter and year end statistics being published in the last month the full extent of the downturn in 2008 is revealed, but there are some rays of sunshine amidst the gloom. Ashley Wassall reports.
Time to reset the bar
Norwegian LP Argentum recently received a government rescue package of NOK 2bn in response to a dearth of capital in the PE industry. Rikke Lilla Eckhoff investigates how funds will fare in this new environment
GERMANY - HTGF invests EUR 500,000 into Liquiverse
High-Tech Gründerfonds has invested EUR 500,000 into software business Liquiverse.
FRANCE - Siparex backs Greenwich OBO
Siparex has supported an owner-buyout of management consulting partnership Greenwich Consulting, taking a 17% stake in the company. The business will be renamed TwentyOne.
UK/NETHERLANDS - HgCapital to close Amsterdam office and consumer team
HgCapital has announced that it is to close its office in Amsterdam and its London-based consumer and leisure team.
BULGARIA - 3TS Capital Partners supports Investor.bg
3TS Capital Partners, through the 3TS Cisco Growth Fund, has invested an undisclosed sum into Investor.bg AD, an online media company based in Bulgaria, taking a 17% stake in the company.
Shaken and stirred
The overcommitment policy LPs adopted in the past is gone for good. The industry is waving good-bye to the convenient means of funding future capital calls with future fund distributions
GERMANY – Bmp backs Motor Entertainment
Bmp AG has acquired an 11% stake in Motor Entertainment GmbH from I-D Media AG.
Allocation concerns dominant among LPs
A new report shows that the declining value of liquid assets and continuing dearth of divestment opportunities is resulting in increasing liquidity worries amongst limited partners. By Ashley Wassall
NETHERLANDS - 3i-backed VNU risks creditor take over
It is understood that 3i Group Plc is facing a possible creditor takeover at VNU Business Media Europe, the b2b publisher it acquired at the height of the buyout boom.
NORWAY - Investinor hires ten
Investinor, the Norwegian government-backed venture fund established in the autumn of 2008, has now completed the formation of its investment team with ten new hires.
Some sunny day...
Following a near barren second half of 2008, which saw an almost complete drying up of debt financing amidst a collapse in the global banking sector, buyout houses will now be looking optimistically to the year ahead. However, it may be some time before...
GLOBAL - Advent International promotes 18
Advent International has promoted 18 members of its global investment team.
EUROPE - Balderton holds $430m first closing of fourth fund
Balderton Capital has held the first close of its new $500m vehicle, Balderton IV, on $430m.