Unquote
PE law firms look east for expansion
Large numbers of law firms are beefing up their private equity teams both in Europe and Asia, with fund formation specialists and Mandarin speakers in particular demand. Susannah Birkwood reports
PE firms creating bidding wars over contingent forwards
Deal-contingent trades, which allow PE houses to hedge their FX risk, have seen a strong revival recently, creating stiff competition among banks.
Rumour roundup: Birds Eye, FCI, Orange and more
The summer period has been rife with rumours of major deals in the pipeline. unquote" gives a roundup of the headline-hitting deals expected in the coming months.
PE takes key role in financial services consolidation
With Cinvenтs acquisition of Guardian Financial Services this week, we are once again reminded of the pressure facing financial services organisations and the opportunities this presents for private equity investors.
Newcomer DTI makes debut UK investment
New York-based DTI Capital has backed the ТЃ4m buyout of London-based WTG, unquoteт has learned.
Moulton: Industry mergers to create fewer, larger players
A tumultuous few years as well as increased legislation will lead to the consolidation of the industry into a smaller number of larger buyout houses via mergers. Unquoteтs Kimberly Romaine talks to Jon Moulton, Chairman of Better Capital.
Jefferies appoints James Seagrave
Global securities and investment banking firm Jefferies has appointed James Seagrave as managing director of its Global Financial Sponsors Investment Banking Group.
The unquote" forecast: Buyout activity approaches 2008 levels
Propped up by a strong third quarter, European buyout activity should exceed the overall value invested in 2008 by the end of this year, but may fall short volume-wise. Greg Gille reports
JPEL buys Arch Cru portfolio for £56.5m
J.P. Morgan's Private Equity fund of funds (JPEL) has snapped up 38 investments from the former Arch Cru portfolios in a deal worth ТЃ56.5m.
Intel Capital launches Ultrabook Fund
Intel Capital, the private equity arm of computing hardware provider Intel, has announced the launch of its Ultrabook Fund with a $300m target.
Private equity 'at risk of outbidding by trade'
Financial buyers such as private equity funds are leaving themselves exposed to being outbid by strategic trade purchasers, corporate finance lawyer Garrett Hayes said today.
Luke Johnson: BGF is 'wrong'; covenants key to PE's success
тThe Business Growth Fund is wrong in terms of its pitch,т says Luke Johnson, co-founder of Risk Capital Partners in a video interview with Kimberly Romaine.
Interview: Javier Echarri
Having spent 10 years at the helm of the European Venture Capital Association (EVCA), Javier Echarri is roundly considered one of the world's most influential people in private equity. He talks to Susannah Birkwood about the AIFMD, national trade bodies...
Pandora IPO lifts lid on PE failings
Pandora is not the only private equity-backed IPO to suffer т it would seem the box is full of underperforming listings. John Bakie reports.
Mid-market up a third year-on-year
Amid a modest overall recovery for European buyouts, the mid-market space has so far performed strongly in 2011. Greg Gille investigates
Getting on the map: Awareness of PE in the business community
The industry’s efforts to engage with the public have borne fruit, but EVCA’s Hoppner points out it is also circumstantial, with a lack of leverage driving demand for the asset. Greg Gille investigates
Carta Capital reaps 14-18% IRR on three exits
Lower mid-market mezzanine investor Carta Capital has exited three of its investments, each reaping an IRR of 14-18% and a money multiple of 1.6x to 1.8x.
Waterland's fifth fund raises €1.1bn
Waterland Private Equity Investments has held final close of its fifth fund, Waterland Private Equity Fund V, at тЌ1.1bn.
Campbell Lutyens appoints two advisory board directors
Placing agent Campbell Lutyens has appointed Gordon Bajnai, the former Hungarian prime minister, and Cesar Alamea as directors to its advisory board.
Proskauer Rose poaches three for funds team
Proskauer Rose has poached three private equity fund structuring professionals from rivals Kirkland & Ellis and SJ Berwin in recent days, in anticipation of increased fundraising activity.
Niklas Eklund joins Wellington Partners
Wellington Partners has appointed serial entrepreneur Niklas Eklund as a venture partner.
Carlyle appoints new director of external affairs
The Carlyle Group has hired Rory Macmillan as principal and director of external affairs for Europe, the Middle East and Africa (EMEA).
Riverside adds two new execs
Global private equity firm The Riverside Company has appointed two new executives, Juan Rufilanchas and Jaime Escribano, to its Madrid office.
Firm of the month: Advent Venture Partners
Venture is not renowned for consistent homeruns. But one firm has hit a hat-trick of exits in four months, netting an average 6x. Greg Gille reports