Dechert
Dechert hires Travers Smith's Kay for funds practice
Sam Kay joins London-based team having spent more than 25 years at Travers Smith
EU Foreign Subsidies rules hold specific challenges for PE
Sovereign wealth funds and pension funds commitments may trigger EC attention under new EU foreign subsidies regulation
Maguar marks first exit with HRworks move to continuation fund
EUR 235m in total equity has been raised to further grow the company via organic strategies and bolt-ons
PE roll-up strategies face regulatory heat with focus on consumer industries
With longer holding periods facilitating more bolt-ons, regulators including the UK's CMA are intervening
Dechert bolsters Munich PE practice with WilmerHale hire
New partner Kai Terstiege joins law firm’s recent private equity hires including counsel Tobias Hugo
Ashurst hires Dechert's Hellot
François Hellot spent 12 years as a partner with Dechert prior to joining Ashurst
Cinven sells Chryso to Saint-Gobain for €1bn
Sale ends a four-year holding period for Cinven, which acquired the company from LBO France via Cinven VI
Goodwin appoints Kayser as partner
Joachim Kayser joins the law firm's private investment funds team in Frankfurt from Dechert
Covid-19 impact expected to be more severe than GFC – survey
Almost all Dechert survey respondents expect distressed deals to increase, while 82% cited more deal delays as an ongoing effect
Endless buys Hovis from Gores, Premier Foods
Endless invests in the business via its Endless Fund IV, which closed on ТЃ525m in December 2014
Further Global acquires majority stake in AA Ireland for €240m
AA Ireland posted тЌ13.7m in net profits in the year to January 2020 on sales of тЌ62.4m
Cerberus sells Covis Pharma to Apollo
Sale ends a nine-year holding period for the GP, which built Covis through a series of acquisitions
NorthEdge sells DHG to ArchiMed for 3x return
During NorthEdge's holding period, the company made bolt-ons such as Nightingale, Kirton and Qbitus
Paul Hastings hires Dechert partner Cardon
Cardon will advise funds on a range of transactions, including LBOs and take privates
Equistone acquires Omnicare
Lincoln International led a sales process for the wholesale anti-cancer pharmaceuticals distributor
Allen & Overy hires Dechert's Sarailler
Allen & Overy wants to position itself among the top three fund structuring firms in France
Bowmark sells Nexus to Phoenix in £142m deal
Bowmark exits the B2B vehicle rental business after less than three years at the helm
Andera Partners in Conduent carve-out
GP acquires UK and France-based off-street parking business from US-based Conduent
Quilvest acquires Phaidon International
Specialist STEM sector recruitment business increased its underlying EBITDA to ТЃ10.4m last year
Cathay and OrbiMed divest Echosens to Astorg
Deal is the first exit for Cathay's 2014-vintage €500m Sino-European MidCap fund
Platinum acquires Wyndham Vacation Rentals for $1.3bn
Blackstone, Bain, Centerbridge, CVC and PAI also reportedly bid for the holiday home rental company
LSP leads €15m series-A for Cardior Pharmaceuticals
New funding will allow the company to develop its lead compound, which targets RNAs linked to heart failure
Dechert hires Bradshaw from Kirkland & Ellis
Bradshaw will be expanding Dechert's private equity, cross-border M&A and finance practices
Mid Europa in €202m sale of Hungary-based Invitel to China-CEE Fund
Exit values the telecommunications business at 4.5x its 2015 EBITDA