Sector

Private Property

With take-privates dominating the Nordic buyout space this month, Rikke Eckhoff investigates timing issues, pricing and the pros and cons of de-listing

EUROPE - YELLing about debt

The painful restructuring of YELL highlights the ills of yesterday's excesses - and shows there is a lot of pain ahead, writes Kimberly Romaine .

GREECE - TPG drops out of Wind Hellas restructure bid

TPG has dropped out of the process to restructure mobile telecom operator Wind Hellas. Reports suggest that current owner Weather Investments and Aladdin Capital which co-ordinates holders of subordinated bonds worth around EUR 500m, are the only two...

FRANCE - MBO Partenaires purchases 30% of Caloga

MBO Partenaires has taken a 30% stake in internet portal Caloga, in a buyout transactiont that leaves the five company founders with a majority take in the company. A senior debt was arranged by Crédit Industriel et Commercial.

UK - Apax et al. to exit Tideway Systems

Apax Partners, Accel Partners, Scottish Equity Partners and Nesta are to exit portfolio company Tideaway Systems Limited, an IT discovery solutions business, through a trade sale to BMC Software.

Growing returns

While many will spin off next year to set up smaller, growth-orientated investment houses, it will be because their financial-engineering worlds are crumbling. Others trod this path 10 years ago, even as their worlds were taking off in another direction....

  • LPs
GERMANY - Advent acquires GFKL Financial Services AG

Advent International has agreed to acquire a majority stake in GFKL Financial Services, an independent provider for debt collection and debt purchase services in Germany, from a consortium of institutional investors.

CZECH - TA spends $200m on Czech security

TA Associates has paid more than $200m to acquire a minority stake in Czech computer security software firm AVG Technologies from incumbent private equity backers including Enterprise Investors.