Italy's hasty enforcement of the AIFMD is causing a GP exodus
GP had backed FDI's MBO in 2003
Online tour operator attracted interest from trade buyers and GPs
Acromas sells remaining stake in flotation
CVC writes off investment
Charterhouse stake reduced to 40%
Acromas could sell entire shareholding as part of flotation
Largest French IPO of the year set for beginning of June
PE backers grant overallotment option
Offer had already been priced at bottom of range
Offering will raise proceeds of £206.6m
Offer price to range between 185-245 pence
Proceeds will be used to pay down net debt
Offer is expected to raise £90m
Sale reportedly valued at more than $2bn
Acromas confirms approaches, but no firm plan yet
Deal is believed to be valued at more than €300m
Buyout activity was buoyed by a handful of large-cap deals in 2013. But is there hope for a brighter future further down the value scale? Amy King reports
Vivarte, a French fashion group backed by Charterhouse Capital Partners, has suspended all payments on the €2.8bn debt load taken on as part of the 2007 buyout of the business.
Charterhouse-backed Webhelp Group, a French provider of customer management solutions, has acquired Dutch customer contact services provider SNT.
Last year was challenging for Italian private equity; fundraising remained low and exits were few and far between – though stuttering deal volume was punctuated by a handful of large buyouts, boosting deal value. But it wasn’t all bad. Amy King reports
Saga, part of Acromas, backed by CVC, Charterhouse and Permira, has hired STJ Advisors in advance of an expected £3bn public offering.
The board of G4S has rejected a "highly opportunistic" £1.55bn offer from Charterhouse for its cash solutions unit.