Unquote
Exits: Volumes fail to make major recovery
Recent months have seen what seems like a flurry of exit activity, with secondary buyouts and IPOs dominating the headlines. However, exit volumes have barely reached levels seen this time last year. John Bakie investigates.
BoA first to bow to Volcker Rule
Bank of America (BoA) has spun out its private equity arm, making it the first to do so since the Volcker Rule was introduced in the US last month.
Dorsey & Whitney adds Roger Gregory to PE team
Dorsey & Whitney has reportedly recruited Roger Gregory to its London-based private equity advisory team.
Jung appointed new head of Allianz Capital
Allianz Capital Partners has appointed Karl Ralf Jung as its head following the departure of Thomas PУМtter last week.
Nokia Siemens looking for private equity support
Nokia Siemens is looking for a potential $1bn capital injection in exchange for a minority stake in the company, according to reports.
Emerging markets: Tapping into lucrative revenue streams
Emerging markets are increasingly becoming a source of high returns for private equity investors. With some not able to invest in companies domiciled in these regions because of their fund structure, some are looking to back companies in the developed...
Private equity munches on food sector
A recent string of deals and announcements show the food industry to be firmly back on the private equity investment agenda. Furthermore, the high valuations witnessed are in stark contrast with a recovering but still relatively modest buyout market....
Report sparks debate over 'disappointing' returns
The debate over the ability of private equity funds to outperform public markets has been reignited, following claims by the Centre for the Study of Financial Innovation (CSFI) think tank. The CSFI says leverage buyouts produce тdisappointingт returns,...
Bank stress tests: Private equity puts faith in finance
Despite much hype, the European Unionтs bank stress tests, published at the end of last week, were something of a non-event. With just a handful of banks failing the test, Europeтs banking institutions can perhaps be more confident in their business models...
Firms will not pay too much despite pressure on funds
Half of private equity professionals say they are under pressure to deploy funds, but say they will not acquire assets at multiples higher than the industry average, according to Grant Thornton.
European buyout value quadruples in 2010
The value of European buyouts has quadrupled in the first half of 2010, according to the latest unquoteт Private Equity Barometer.
Blackstone's sixth fund on track with $13.5bn
Blackstone Group said it has raised $13.5bn so far for its sixth private equity fund, BCP VI. Last year, Blackstone had lowered its initial $20bn target to between $15bn-20bn.
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Goldman to retain private equity business
Goldman Sachs plans to retain its private equity business, despite recent congressional regulations restricting bank investments in alternative assets.
Recruitment: Tough times poaching top talent
Private equity houses have, it seems, been on a recruitment spree hiring many junior professionals after a two-year lull, as they veer into deal making again and poach top-tier resources from banks. However, they may be in for bumpy ride as banks put...
Internet investments: Venture banking on social networks
Social networking has enjoyed a meteoric rise in recent years and the sectorтs biggest player, Facebook, is this week set to announce it has 500 million users. However, there remain doubts over whether social networking can be profitable, but this has...
MJ Hudson heads new generation of law firms
Matthew Hudson has formed new law firm MJ Hudson LLP, which will provide legal advice on the formation of specialist investment funds and the structuring of deals.
KKR in lukewarm IPO
The US listing of global private equity investor, Kohlberg Kravis Roberts (KKR), got off to a lukewarm start with shares losing 2.9% on the first day of trading.
Fundraising: GPs face uphill climb
The wheels of the industry are gradually grinding into motion, with some notable fundraisings in 2010 so far. With activity expected to pick up, what awaits the European GPs looking to refill their coffers later in 2010 or into 2011? Julian Longhurst...
Family offices staying true to private equity
The fundraising market in the past two years can be described as challenging at best with many LPs said to be looking at reducing their private equity allocations. Results of a recent survey that family offices are seeking greater exposure are therefore...
17 Capital appoints senior associate
Secondaries mezzanine financing provider 17 Capital has appointed Robert de Corainville as senior associate to its investment team.
GSO Capital Solutions Fund exceeds $3.25bn
GSO Capital Partners, the credit unit of Blackstone Group, has held a final close on its credit fund, GSO Capital Solutions Fund on more than $3.25bn.
Hawkpoint appoints Jung to head up German office
Frank Jung has joined Hawkpoint as managing director and will lead the German Restructuring and Debt Advisory Practice.