Unquote
PE firm lose out on Lafarge gypsum arm
The European and South American gypsum division of cement maker Lafarge has been sold to trade buyer Etex for close to €1bn.
2011: The year of the mega buyout
While the increase in volume of European buyouts has been modest in 2011, the surge in value has been impressive. Viktor Lundvall investigates
German IPOs fail to meet expectations
A relatively large number of IPOs have taken place lately on the Frankfurt stock exchange with more expected later in the year. But doubts still remain over the wisdom of IPOs in the post-crisis era. Diana Petrowicz investigates.
Bernie Ecclestone accused of bribery in F1 buyout
Formula One CEO Bernie Ecclestone has been accused by German prosecutors of bribing former BayernLB chief risk officer Gerhard Gribkowsky at the time of the company's 2006 buyout.
Operating partners: For pros or for show?
Fans of operating partners deem them performance enhancers; detractors say theyтre merely propaganda to entice LPs. Susannah Birkwood reports
FATCA - An uneven playing field
Despite being an American law which doesnтt come into force until 2013, the Foreign Account Tax Compliance Act must be dealt with immediately by all international GPs which have US portfolio companies. Susannah Birkwood reports
HarbourVest ups offer for Absolute
HarbourVest Partners has increased its offer for Absolute Private Equity to $18.50 per share, valuing the listed fund-of-funds at $806m.
unquote" Private Equity Barometer – Q2 2011
Preliminary figures released today in the Q2 2011 unquote" Private Equity Barometer reveal renewed activity during Q2.
UK returns: Think small
The UKтs small buyout sector will continue its decoupling from the larger market, and should provide better returns than large-cap players in the coming years.
HIG Capital holds final closing
HIG Capital has closed its latest fund, HIG Growth Equity Fund II LP, on $500m.
Venture firms agree on start-up funding guidelines
A series of venture industry-sanctioned guidelines, designed to facilitate entrepreneurs’ access to seed funding, were announced today.
Q&A: The role of funds-of-funds
Emanuel Eftimiu talks to Tim Creed, executive director and head of Adveqтs European investment programme, about the relevance of fund-of-funds in today's market, the future of large-cap buyout funds and the impact of upcoming regulation.
Secondary buyouts on the rise
unquote” has recorded a significant hike in SBO activity in 2011 – indicating LPs’ fears over their comeback might not have been exaggerated after all. Greg Gille reports
zouk closes latest fund on €230m
zouk Capital has held a final close of its Cleantech Europe II fund, raising a total of тЌ230m.
One in five LPs to cut GP relationships
One in five European LPs expect to cut the number of GPs they invest with over the next two years, according to Coller Capitalтs Global Private Equity Barometer.
PIP in $40m secondaries deal
Pantheon International Participations PLC (PIP), Pantheonтs quoted private equity fund-of-funds investment trust, has committed $40m to buy a portfolio of 25 buyout global funds with more than 400 portfolio companies.
AIFMD – Parallel LP funds and the importance of PR
Susannah Birkwood speaks to HarbourVest's Amanda McCrystal and EVCA's new chairman, Karsten Langer, in Barcelona, about the implications of the AIFMD on the private equity industry.
ENTRIES DUE TOMORROW: unquote" British PE Awards
Send your submission to Kimberly.Romaine@incisivemedia.com by tomorrow for the unquoteт British Private Equity Awards 2011.
Management due diligence: Power to the people
The strength of a management team is roundly considered the single most important factor in determining the success of a private equity deal. So why is management due diligence the process to which most acquirers pay the least amount of attention? Susannah...
Portfolio companies eager for large bolt-ons
The average value of bolt-ons for European private equity-backed businesses has shot up in Q1 this year, according to a study published by Silverfleet Capital.
Nordic and Deutsche unquote" out now
The latest digital editions of Nordic unquote” and Deutsche unquote" are out now, featuring all the latest analysis, deals and exits in these regions.
AXA pays $1.7bn for Citi's 207 LP stakes
Large transactions continue to drive the market, fueling suspicion that this yearтs total will surpass last yearтs record $20bn. Kimberly Romaine reports
Riverside's Karsten Langer becomes EVCA chairman
The general assembly of the European Venture Capital Association (EVCA) has elected Karsten Langer, partner of The Riverside Company, as its chairman for the year to June 2012.