Analysis
Accel to set returns record with 700x Facebook multiple
With Facebook finally filing its IPO, the world of venture capital is about to see a new returns record, with Accel Partners expected to reap a vast money multiple on its $12.7m investment.
Euro breakup should be orderly - Dunedin CEO
The ongoing eurozone crisis is a concern on the mind of many PE players, potentially threatening access to financing and the growth prospects of portfolio companies. But, in what could prove to be a controversial view, Dunedin CEO Ross Marshall foresees...
LP caution hits life science investments
Universities can be a safe environment to raise funds and develop ideas. But it looks like university clusters are losing their pull factors in the eye of diminishing returns to investors. Anneken Tappe investigates
Monti lays out plans to bolster Italian VC market
Italian Prime Minister Mario Monti has introduced changes to the rules regarding venture capital investments in SMEs. Amy King reports
AIFMD timetable too short, says FSA
The risk of disproportionate regulation and a lack of implementation time for the AIFMD have been highlighted by the FSA in its latest discussion paper. Anneken Tappe reports
2011 a bumper year for Nordic fundraising
Fundraising activity declined slightly in 2011 compared to the previous year, as the market remains tough and LPs selective. Not all European regions fared equally though, with the Nordic countries and France attracting significant amounts of capital....
Nordic investments collapse in Q4 2011
Nordic private equity investments fell off a cliff in Q4 2011, according to data from the latest unquoteт Nordic Private Equity Index, in association with KPMG.
Trade sale values boom in 2011
Trade sales continue to be the most common exit route in 2011 and increased by almost €30bn in value, while secondary buyouts are stalling, reflecting the tough economic conditions of the past year. Anneken Tappe reports
Deal volumes hit 15-year low
Deal volumes in Q4 2011 hit their lowest levels since 1996, in a difficult final quarter for the private equity industry, according to the unquoteт Private Equity Barometer, in association with Arle Capital Partners.
Debt providers: "One-stop shops" gaining ground
Faced with a tough bank lending environment, PE houses are increasingly turning to тone-stop shopsт to leverage their deals. Indeed, alternative debt providers are looking forward to a busy 2012, as Greg Gille finds out.
Could mega fundraisings cause Nordic dry powder problem?
International investors have driven Nordic fundraising to unprecedented levels, but will deal flow keep up with the dry powder? Sonnie Ehrendal investigates.
Concerns over "unfair" Fondo Italiano
Italy’s Fondo Italiano has been on a roll in recent weeks, completing five deals in just seven days over the festive period. But mid-market professionals in Italy are concerned the government-backed fund could be introducing unfair competition. Amy King...
EU to boost Social Entrepreneurship Funds
The European Commission has proposed an initiative to stimulate and stabilise investments in social businesses across the EU, in order to drive sustainable economic growth. Anneken Tappe reports
Have your say: Nordic Private Equity Index
After a disappointing third quarter, fortunes for the Nordic market continued to deteriorate in Q4.
DN highlights venture revival
Six exits in 18 months; two portfolio companies bought by Oracle in 2011 alone. One firm is living the dream. Kimberly Romaine reports.
UK Watch: Bigger not better in Q4
The smaller buyout segment in the UK thrived in Q4 2011 while larger deals faltered, according to the latest findings of the unquoteт UK watch, in association with Corbett Keeling.
IK Investment Partners hit by carried interest row
The Swedish tax authority's battle over carried interest taxation continues as another player is drawn into the feud. Sonnie Ehrendal investigates.
Revision of pension funds directive threatens PE industry
Proposed changes to the regulatory requirements of European pension funds could lead to a loss of more than a third of investments in funds, leaving the private equity industry wary. Anneken Tappe reports
French LBOs: foreign buyers beware?
Franceтs latest Loi de Finances (the national budget voted in parliament) introduces stricter rules regarding fiscal integration and the tax deductibility mechanism on financial charges. This could spell bad news for foreign LBO funds looking to acquire...
Italian sentiment: fundraising, leverage largest challenges
A recovery for the Italian market is not expected until 2013 at the earliest, according to a recent poll - but the backdrop brings with it fresh prospects.
Merry Christmas from the unquote" team
At the end of this busy year for the private equity industry, the unquoteт team wishes all our readers a merry Christmas a happy New Year.
The year that was 2011: Spinouts and technocrats
The past year has been perhaps the most turbulent since the financial crisis hit. While there has been plenty of activity and a return of large deals, the Eurozone crisis has certainly had an impact.
The year that was 2011: Funds launch amid Eurozone crisis
The past year has been perhaps the most turbulent since the financial crisis hit. While there has been plenty of activity and a return of large deals, the Eurozone crisis has certainly had an impact.
The year that was 2011: Mega-deals and key man clauses
The past year has been perhaps the most turbulent since the financial crisis hit. While there has been plenty of activity and a return of large deals, the Eurozone crisis has certainly had an impact.