News/Industry
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MJ Hudson heads new generation of law firms
Matthew Hudson has formed new law firm MJ Hudson LLP, which will provide legal advice on the formation of specialist investment funds and the structuring of deals.
KKR in lukewarm IPO
The US listing of global private equity investor, Kohlberg Kravis Roberts (KKR), got off to a lukewarm start with shares losing 2.9% on the first day of trading.
Talks over Candover Investment Plc takeover terminated
A statement issued today by Candover Investments Plc confirmed that discussions with a potential bidder for the company have been terminated.
Primary Capital acquires Paperchase
Primary Capital has agreed to buy Paperchase from Borders for $31m.
Axa Private Equity buys Phönix/Strack Group
Axa Private Equity has acquired a majority stake in Phönix/Strack Group, a special valves supplier to the chemical industry.
Iñigo Erlaíz to head new Gómez-Acebo & Pombo private equity practice
Madrid-based law firm Gómez-Acebo & Pombo has signalled its intention to ramp up the firm’s penetration into the Iberian private equity space by appointing Iñigo Erlaíz as head of a new standalone private equity practice.
Baker and Goold appointed as Wragge & Co directors
Wragge & Co has promoted Gareth Baker and Richard Goold, with both becoming directors, to boost its corporate finance team.
Alchemy holds first close at more than £280m
Alchemy Partners has held a first close at just over £280m on its second fund that is looking to invest in financially distressed European companies.
Stirling Square buys Environmental Solutions Europe
Stirling Square Capital Partners has acquired waste and recycling systems manufacturer Environmental Solutions Europe Holding from OTTO Group.
Augmentum Capital announces formal launch
Augmentum Capital has formally launched its fund today, looking to invest £50m in private equity investments over the next three years.
Chequers Capital buys Versatel Kabel for €66m
French private equity house Chequers Capital has acquired the cable network business Versatel Kabel from listed German network operator Versatel AG for €66m.
Avista Capital Partners expands into Europe
Avista Capital Partners will establish a European presence by opening an office in London. The private equity firm's European activities will trade under the newly formed Avista Capital Europe.
Neil Price to head Lloyds North West debt PE team
Lloyds TSB has appointed Neil Price as head of its North West Corporate Markets acquisition finance unit, to oversee the development of debt facilities to support private equity -backed transactions in the region.
AIFM vote put back to autumn
A crucial vote on the Alternative Investment Fund Managers’ (AIFM) Directive has been delayed until September.
BNPP PE backs Acropolis Telecom with additional €1.8m
BNP Paribas Private Equity (BNPP PE) has invested a further €1.8m in French telecom operator Acropolis Telecom. This is the second time BNPP PE has invested in Acropolis, having initially invested €700,000 in May 2009.
Investec to increase private equity mezzanine financing
Investec is working on plans to increase asset based lending and mezzanine funding to mid-market private equity investors over the next 12 months.
Partners Group closes mezzanine fund on €553m
Swiss-based Partners Group has closed its mezzanine fund Partners Group European Mezzanine above target at €553m. The fund attracted investments from corporate and public pension plans, insurance companies, financial institutions, endowments as well...
Inova Capital sold by Torreal
Inova Capital has been sold by Torreal to investment firms Ibersuizas and GB Inversiones.
Inflexion catches Fish Insurance
Inflexion Private Equity has acquired Preston-based Fish Insurance from Mosaic Private Equity in a secondary buyout.
Panoramic Enterprise Capital Fund achieves first closing on £34m
Panoramic Growth Equity has reached the first closing of its SME growth fund, Panoramic Enterprise Capital Fund 1 (Panoramic ECF 1), on £34m.
EVCA elects Fricke as chair
Uli Fricke has been elected chairwoman of the European Venture Capital Association (EVCA).
Brit Insurance shares jump after declining private equity offer
Brit Insurance shares jumped 20% this morning after the firm rejected a private equity approach, according to reports.
Swedish Central Bank chief warns on continued threats
Lars Nyberg, deputy governor of the Swedish Central Bank, said the Swedish economy is not out of danger, in his keynote speech at the unquote” Nordic Private Equity Congress 2010. Viktor Lundvall reports.