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Analysis

Many funds-of-funds could cease to exist
Up to half of FoFs to disappear

Consolidation is hotting up. But not all are created equal and as some outfits vanish, others will emerge. Kimberly Romaine reports.

  • UK / Ireland
  • 28 November 2011
Regulation will have substantial negative effects on industry
BVCA: AIFMD “still damaging”

The BVCA foresees new regulations dawning on the financial services sector will have substantial negative effects on private equity if policy effectiveness is not guaranteed. Anneken Tappe reports

  • Regulation
  • 25 November 2011
France unquote
France unquote” out now

The latest digital edition of France unquote” is out now, featuring all the latest analysis, deals and exits in the region.

  • France
  • 24 November 2011
Buyout dealflow has slowed down considerably in Q4
Buyout activity slumps in Q4

While the dip in European buyout activity was not as sharp as expected in the third quarter, dealflow has since then slowed down considerably – leaving little hope for an uptick on 2010’s year-end figures. Greg Gille reports

  • Buyouts
  • 23 November 2011
Secondaries boom as banks clear their balance sheets
Bank caution driving secondary market

Secondary asset trading activity has surged in Q4 following institutional interest in disposals and appealing discounts to NAV. Sonnie Ehrendal investigates.

  • UK / Ireland
  • 22 November 2011
Corporate venture funds turn their backs on fledgling businesses during hard times
Could corporates turn their backs on venture?

As difficult economic conditions hit financial and corporate investors alike, some large corporates may be tempted to neglect their venture arms. But this could prove disastrous for investee companies that need support.

  • UK / Ireland
  • 21 November 2011
Netherlands welcome new directives
Dutch PE industry embraces regulation

While regulation is the bane of private equity associations across the continent, the Dutch industry extends a warmer welcome than most. Anneken Tappe reports

  • Regulation
  • 18 November 2011
All-equity deals on the wane despite difficult lending market
Debt fears see all-equity investments wane

The economic climate should be a hotbed for all-equity investments, but the data disagrees. Anneken Tappe reports

  • Financing
  • 17 November 2011
Alison Starr of Pinsent Masons
P2Ps to rise – despite Code changes

Changes to the UK’s Takeover Code came into play two months ago. Despite rhetoric, interest in P2Ps is up. Kimberly Romaine reports

  • UK / Ireland
  • 16 November 2011
wordcloud-web
Sector specialists: The new industry darlings?

Sector specialisation increasingly appears as an attractive way to stand out in a tough market. But can generalists successfully make the transition – and will it necessarily win over LPs? Greg Gille investigates

  • Industry
  • 15 November 2011
Deutsche unquote
Deutsche unquote” out now

The latest digital edition of Deutsche unquote” is out now, packed with all the latest funds, deals and features in the region.

  • DACH
  • 14 November 2011
Private equity subsidiaries continue to spin out
AtriA spinout a precursor for 2012?

Edouard Thomazeau and Thibaut de Chassey - two former partners at French GP AtriA Capital Partenaires - have launched a new mid-cap firm. De Chassey talks to Greg Gille about the firm’s strategy and its experience of a tough fundraising market.

  • Fundraising
  • 11 November 2011
Southern Europe unquote
Italy on a cliff

Italy’s economic situation is worsening. Might private equity play a role in the recovery? Kimberly Romaine reports from Milan.

  • Southern Europe
  • 10 November 2011
Some UK GPs consider setting up shop outside London
Regional offices: a real asset for GPs?

At a time when competing for the best assets throughout the UK is proving crucial, do GPs need to look outside London and establish a regional presence? Greg Gille reports

  • UK / Ireland
  • 09 November 2011
Southern Europe unquote
Italian prospects: have your say

As the recovery takes a u-turn, what are the prospects for Italy?

  • Southern Europe
  • 08 November 2011
Honest PPMs and a robust current portfolio are of utmost importance to a succesful fundraise
Navigating a fundraise

Forget much of what you’ve learned. Wooing LPs nowadays follows few preconceived truths, requiring instead a lot of patience and creativity. Kimberly Romaine reports

  • Fundraising
  • 07 November 2011
Contrary to popular belief - investment staff turnover can have a positive effect on IRR
Is team stability in PE firms overrated?

PE houses have long used team stability as a key argument in PPMs, as it is widely believed to have a positive impact on a fund’s performance and ultimately its appeal to LPs. But new research from Capital Dynamics and the London Business School (LBS)...

  • Industry
  • 04 November 2011
New compromise on AIFM Directive
AIFMD: High price for investor security?

The AIFM Directive continues to spark debate amongst industry practitioners, even as it is being implemented across Europe. While the new regulations will lower risk levels for smaller investors, GPs are concerned about a possible cost explosion. Diana...

  • UK / Ireland
  • 03 November 2011
Nordic Unquote Private Equity Index Q3 2011
Nordic deal activity stumbles in Q3

Activity in the Nordic region was sharply down in the third quarter, mirroring activity in many parts of Europe, according to the latest unquote” Nordic Private Equity Index, published in association with KPMG.

  • Nordics
  • 02 November 2011
GPs have a choice between independent admin providers and large banking groups
Fund admin: Pure player or one-stop shop?

Demand for external fund admin services has been growing steadily over the past few years – a trend quickly spotted by large banks. As the market consolidates, are independent providers feeling the heat? Greg Gille reports

  • UK / Ireland
  • 01 November 2011
Tech industry remains consistent throughout financial turmoil
Technology activity holds up despite tough market

Tech deals have remained remarkably robust since the onset of the financial crisis, with fairly consistent deal volumes seen throughout the past few years. However, deal value has fluctuated wildly. Anneken Tappe investigates.

  • UK / Ireland
  • 31 October 2011
Top 5 private equity home runs
PE’s top five home runs of 2011

Matrix and Foresight’s stellar sale of App-DNA this week is among a handful of outstanding results the industry has achieved in recent months. Greg Gille takes a look at 2011’s top five exits

  • Exits
  • 28 October 2011
Nordic buyouts activity is recovering fast
Nordic buyouts: Sailing to recovery

Unquote” data points to the Nordic private equity industry recovering faster than the rest of Europe. Although buyout activity is low at the moment, trends emerging from long-term data tell a different tale. Sonnie Ehrendal reports

  • Buyouts
  • 27 October 2011
James Bromley of SJ Berwin
Fundraising evolves for a difficult climate

While public financial markets remain punch drunk from the latest series of downgrades, debt crises and bailouts, private equity has, by necessity, been slowly emerging from one of its most difficult periods.

  • UK / Ireland
  • 26 October 2011
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