Unquote
E&Y: Corporates failing to look at PE as potential buyer
Only 3% of corporates surveyed by Ernst & Young for its latest Global Corporate Divestment Study believe private equity funds to be the most likely acquirer should they divest part of their business.
Finding a way to exit the boom year deals
Many of the headline-hitting buyouts of the boom era are still sitting in private equity portfolios. Charles Magnay, partner at Altius Associates, looks at how GPs have adapted to exit large companies in the post-Lehman world.
Highland Capital appoints partner
Global venture capital firm Highland Capital Partners Europe has appointed Tony Zappalà as a partner within its European team.
Exit market hits €15bn in December
Almost €15bn worth of capital was realised by private equity portfolio sales in December 2012, the highest amount in the past year, according to figures from unquote” data.
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Vendors and banks amenable to strong 2013 in UK
Good signs for 2013
SBOs subside in 2012
Following a record 2011, the volume of “pass-the-parcel” deals abated slightly last year – but primary transactions still have a long way to go before returning to their pre-crisis glory.
Fundraising booms in January
The beginning of 2013 has seen a swathe of fundraising announcements, with several funds reaching their target. Could this trend be a sign that investor appetite for private equity is returning?
2013: long on exits, short on new deals
The year ahead will be one of exits and pockets of liquidity in financing markets – but new deals and traditional funding may be weak.
KKR bolsters European buyout fund
KKR is reportedly set to use uninvested capital to back its second European buyout fund, while extending the fund's life span, according to reports.
Early-stage deals bounce back in Q4
After a slow summer, early-stage investments took off in Q4, according to the latest unquote” Private Equity Barometer, published in association with Arle Capital Partners.
Conor Venture Partners et al. back Crystalsol
Conor Venture Partners has led an €8m series-A financing round for Crystalsol, a flexible photovoltaic film company based in Vienna and Tallinn.
Nokia launches $250m fund
Corporate venture firm Nokia Growth Partners (NGP) has launched its third fund with a $250m commitment from parent company Nokia.
UK Treasury delays AIFMD until 2014
UK firms have been given an extra year to comply with AIFMD, as the Treasury sets out implementation in a new consultation paper.
Baird PE rebrands as Baird Capital
Robert W Baird & Co's direct investment arm Baird Private Equity has unified its global investment strategies under the new brand Baird Capital.
Capital Dynamics' Lichtner to stand down from operational duties
Katharina Lichtner, co-founder and managing director of Capital Dynamics, will step down from her operational role at the firm and act as senior adviser as part of a wider senior management reshuffle.
Growth equity deals enjoy Q4 uptick
Growth capital investment activity recovered substantially in Q4 following a poor third quarter, but remains low compared to recent historical averages.
A happy New Year for venture capital?
Happy New Year
NewGlobe secondaries firm launches
Secondaries firm NewGlobe Capital has launched today in partnership with US investor Hamilton Lane and private equity firm Vanterra Capital.
EVCA appoints new public affairs director
The European Venture Capital Association (EVCA) has hired Michael Collins as public affairs director.
Valence Group hires managing director
Investment banking boutique The Valence Group has hired Ian George as a managing director in its London office.
Mega-buyouts bolster Q4 activity figures
The €11.6bn overall enterprise value of Q4’s large-cap deals is the largest total since the third quarter of 2010, which itself was by some margin ahead of every quarter since Q3 2007 (see chart).
PE and venture houses converging on growth
Buyout houses and venture capitalists are increasingly moving into the growth capital space due to pressure in their normal market segments, according to Taylor Wessing.
unquote" Private Equity Barometer - Q3 2012
Private equity dealflow has remained subdued over the three months to September, with the number of transactions completed plummeting 35% to 182 deals while the aggregated value dipped 14% to €11.7bn.