coronavirus
Adcuram-backed Poggenpohl files for insolvency
Kitchen furnishings retailer plans to continue its restructuring and will seek new investment
German GPs weigh up portfolio damage and rescue packages
Nature of Germany's industrials-weighted economy has caused problems for some GPs when it comes to liquidity needs
VCs welcome Future Fund, but seek added clarity
VCs dicuss the use of convertible loan notes and the need for liquidity in the venture ecosystem
EQT warns of "longer" fundraising for flagship vehicle
GP states it is currently focusing on developing existing portfolio companies until market recovery
Half of GPs prepared to hire based on video interviews - survey
Survey conducted by PER shows that 52% of participants could make offers from video interviews
UK government extends lifeline to PE assets, but obstacles remain
Clarification for CBILS is deemed helpful, but concerns linger for the Coronavirus Large Business Interruption Loan Scheme (CLBILS)
Verdane invests in Conscriptor and Max Manus
GP will merge the two companies to form a new healthcare technology group in Scandinavia
Market braces for 12.6% drop in valuations by Q2 – report
NAVs expected to drop for Q1, with a steeper mark-down for Q2 as the crisis take its toll
Q&A: SHS's Alilovic on healthtech investing
New managing partner Sascha Alilovic talks to Unquote about the healthtech investor's plans
Bayern Kapital, CD-Venture in series-C for TriOptoTec
Company has seen increased demand for its disinfectant Dryphox and plans to scale up production
Maven invests £2.5m in Precursive
All-equity investment will go towards a growth strategy in both the UK and the US
Unquote Private Equity Podcast: Fund financing in a fix
The Unquote team looks at how PE managers are turning to fund financing in a bid to shore up their portfolios
CVC delays £300m Six Nations investment – report
In February 2020, the Financial Times reported the firm was expected to acquire a 14% stake for £300m
Borromin-backed Protect Medical buys Spencer Italia
Acquisition of the medical equipment producer is the first bolt-on during the investment period
Hold or exit: how the previous crisis affected holding periods
The slow period of economic recovery after the GFC resulted in prolonged holding periods, increasing gradually and reaching a peak in 2013
KKR expects lower valuations for its portfolios due to Covid-19
GP forecasts that emergency restrictions will challenge its ability to market new funds and strategies
Coronavirus: European LPs contemplate course corrections
LPs are not unanimous in their opinion of how the current pandemic will reshape ways of thinking
EC launches €300m platform Escalar
In its pilot phase, Escalar will provide up to €300m, backed by the European Fund for Strategic Investments
Wellington Partners makes seed investment in Sirs Therapeutics
Life science and technology investor Wellington is the majority owner of the early-stage company
European consumer M&A presents opportunities in Covid-19 chaos
Europe's consumer sector offers pockets of opportunity as the coronavirus pandemic wreaks havoc on M&A
GPs turn to preferred equity in hunt for emergency liquidity
GPs seek to raise pots of capital fast to insulate their portfolio companies from the economic fallout of Covid-19
Secondaries players hold fire despite copious dry powder
Market is likely to pause until Q2 2020 valuations are released, potentially leading to a flurry in Q4
VCs ramp up coronavirus mitigation efforts
Partners from Balderton, General Atlantic, Anthemis Partners, TCV and Speedinvest dicuss the crisis
Silverfern holds first close for SGO Fund III
GP expects a final close in 2020 and sees market opportunities in spite of the coronavirus pandemic