Analysis
Deal in Focus: Eurazeo buys Mondelēz confectionery arm for €157m
Following the deal, the company's international production will be relocated to France
Italy cuts taxes on carry to win Brexit business
Amid increasing competition across Europe, Italy reduces tax on carry in a bid to lure UK fund managers
Deal in Focus: Idea CCR I in turnaround for Pigna
Investment in struggling pulp and paper company is the third investment by the debt-for-equity investor
UK clarifies permitted relationships between LPs and GPs
Changes to limited partnership act could render UK-domiciled funds more attractive to investors that have not previously invested in such funds
Swedish PE industry reeling from carry tax verdict
Latest twist in the long-running carried interest taxation saga in Sweden could leave the local industry facing months of uncertainty
Shot in the arm for DACH healthcare market
Consolidation opportunities in the mid-market fuel increased investment from private equity, with aggregate volume reaching a six-year high
Spain reaps highest value in Q1 since 2005
Spanish private equity firms deployed the highest volume of capital in 12 years during Q1 2017, with €4.7bn deployed
Benelux's packaging firms playing hard to get with PE
Failed take-private efforts by GPs have meant activity in the region has remained dominated by small-cap and lower-mid-market deals
Deal in Focus: TSG invests in BrewDog
Scottish brewer's owners have been critical of craft breweries selling to trade buyers, raising questions surrounding the GP's exit strategy
Macron's proposed tax reforms: what impact on French PE?
With independent candidate Emmanuel Macron currently heavily favoured to win the French presidential election in two weeks, Alice Tchernookova examines how his proposed flat capital gains tax rate could impact private equity
Strong start in CEE for second year running
Region registered 10 deals in Q1 for the second year running, though 2016 saw deal volume halve in H2
Deal in Focus: Bain and Cinven to take Stada private
Acquisition of German pharmaceutical company would be the largest buyout ever recorded in the country
Nordic buyout market off to slow start in 2017
Buyout volume in Q1 was slowest start to a year since 2013, while Q1 exit figures were at their lowest first-quarter level since 2011
Insurtech puts a premium on technology
PE and VC players turn their attention to the insurance space as fintech's next scalable disruption opportunity
Luxembourg becoming a hub for German funds
GPs are increasingly chosing to domicile funds outside of Germany as fundraising in the country gathers pace
Contrasting fundraising fortunes in French mid-market
Numerous closes in Q1 and more on the horizon will give a clearer view of the French fundraising landscape
Could China boost Italy's private equity activity?
Italy's hunt for Chinese capital could clash with Beijing's new investments policy
Deal in Focus: Ardian to take majority stake in Prosol
French hypermarket group reportedly valued in the region of €1bn, with existing investors remaining as minority backers following completion
Dino Polska IPO could revive public exit route for PE in CEE
Public market exit route has been in decline for central and eastern European private equity since its 2013 post-crisis peak
Credit funds eye opportunity in ECB limits on bank leverage
Draft guidelines from the European Central Bank propose a suggested ceiling of 6x EBITDA for leveraged buyouts
Dutch elections: A rosier picture for PE
Netherlands' election outcome spells good news for the industry, as PE-sceptic Labour loses seats
GP Profile: Bain Capital
GP is currently investing from its $3.5bn fourth European buyout vehicle, which closed in 2014
Denmark suffers from lack of newcomer buyout firms
Country lags behind its Nordic counterparts in terms of new private equity players, despite a growing number of buyouts
High-yield issuance for PE buyouts hits six-year low
Loan market flexibility and pricing steal the limelight as high-yield market for buyouts raises lowest total since 2010