Analysis
Deal in Focus: Qualium and CDC IC acquire Vulcanic
Pass-the-parcel deal marks the fourth consecutive period for the French cooling systems group under private equity ownership
Italian pre-IPO fund eyes first close on €120m
Fund will acquire 30% stakes in 8-10 mid-sized companies targeting launches on the AIM segment of the Italian stock exchange
Luxembourg launches Reserved Alternative Investment Funds
New vehicles will increase flexibility and open up opportunities for private equity houses, real estate investors and hedge fund managers
CEE could arrest exit flow decline in 2016
Region is seven exits short of exceeding 2015’s total for PE- and VC-backed exits
Nordic exits facing slump in 2016
Market needs strong fourth quarter numbers to surpass last yearтs exit volume and avoid a five-year low
In Profile: CBPE Capital
unquote" takes an in-depth look at the GP behind nine fundraises and discusses strategy with managing partner Sean Dinnen
Italy's restructuring deals turning debt market around
The country is still suffering from a legacy of sub-performing loans, though new regulation should allow credit funds to emerge
Hedging against Britain's volatile IPO outlook
UK IPO market has experienced highly unpredictable activity throughout September and October
Private equity's public market problems
Despite strong investor appetite for listed private equity houses, life on the public markets brings with it numerous challenges
Deal in Focus: JC Flowers backs MMC's Interactive Investor
VC introduced a new majority shareholder to accelerate company's market consolidation strategy
LP Profile: ATP
Danish pension fund is among Europe’s largest but does not prescribe asset allocation targets
France eyes corporate venture boost
Recent changes to regulation should encourage more of the country's corporate players to ramp up their venture activity
In Profile: NorthEdge
unquote" takes an in-depth look at the northern GP, which scored Best Fundraise at the British PE Awards last week
UK mid-market funds: Higher tiers risk overload
UK core mid-market may have to deal with the risk of LP fatigue and rising valuations, as the space becomes increasingly competitive
UK lower mid-market fundraising: Making the leap
Low levels of secondary buyout opportunities will intensify challenges for private equity firms raising increasingly larger vehicles
In Profile: Silverfleet Capital
unquote" talks to managing partner Neil MacDougall about fund performance, recent activity and strategy
Fund in Focus: Ardian raises €4.5bn for sixth LBO Fund
France-based GP has an additional €500m co-investment pocket for LPs in its latest vehicle, accounting for around 15% of the fund
German VCs welcome loss carry-forward reform
New law will increase the number of situations in which companies can carry forward losses from one tax year into another
Online food-ordering services feeding Benelux's IPO surge
GPs and VCs are capitalising on the improved climate for the public market exit route
LP Profile: Adveq
unquote" catches up with fund-of-funds manager Adveq to discuss strategy, first-time funds and co-investments
Nordic GPs look to new verticals in private healthcare
GPs in the region are increasingly turning to new healthcare subsectors as the private care segment evolves into a large-cap game
French PE: dealing with rising transaction costs and valuations
Extensive due diligence and increased valuations reflect the country's increasingly complex and competitive deal-making environment
Romanian buyout activity shows no signs of picking up
Macroeconomic factors, combined with a dearth of dealmakers, are limiting the growth potential of Romanian private equity
Deal in Focus: Kartesia supports ProFagus expansion
Alternative lender bets on its existing network in locating German deals, as it supplies a debt replacement package for Steeadfast-backed ProFagus