News / Industry
BVCA chief Florman resigns
BVCA chief Mark Florman has resigned after just over two years in the post.
Disgraced Crosby steps down from Bridgepoint role
Sir James Crosby has stepped down from his role on Bridgepointтs European Advisory Board following a report into his role in the collapse of UK bank HBOS.
Afic launches ESG committee
French private equity association Afic has created a dedicated environmental and social governance (ESG) committee to strengthen its commitment to extra-financial business issues.
Former Calpers head charged with fraud
A former Calpers CEO has been charged with conspiracy, fraud and obstruction of justice by Californian prosecutors.
N+1 launches investment banking activity in Germany
The N+1 group, which includes Spanish GP N+1, has teamed up with German professionals to launch M&A and debt advisory services in the local mid-market.
Palio to disband as partners join Chenavari
Debt investor Palio Capital Partners founders Mike Henebery, Jerry Wilson and Darren Gibson have joined credit-focused hedge fund Chenavari Investment Managers as partners.
CVC places Evonik shares as IPO markets wake up
CVC is the latest GP taking a more flexible approach to exiting its businesses, selling a share in chemicals business Evonik to institutional investors in preparation for an IPO.
Financial rewards still main incentive for chairmen of PE-backed businesses
The potential of a significant pay-out on exit is still the main incentive for working with private equity-backed businesses, according to a recent survey of 502 UK-based chairmen and non-executive directors (NEDs).
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Clegg blames lack of investment for GDP fall
A lack of capital investment has put the UK back into recession, according to deputy prime minister Nick Clegg.
PE and venture houses converging on growth
Buyout houses and venture capitalists are increasingly moving into the growth capital space due to pressure in their normal market segments, according to Taylor Wessing.
UK spin-offs are undersold – report
Corporate spin-offs could result in bargains for private equity buyers as many firms selling non-core units are focused on a speedy cash injection rather than long-term strategic objectives, according to research from Ernst & Young.
Ex-BVCA chair Nash becomes schools minister
Former British Venture Capital Association (BVCA) chair John Nash has been appointed schools minister.
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Nordic Capital execs lose tax case
Nordic Capital executives will have to pay income tax on their carried interest, a Swedish Court says.
LPEQ updates reporting guidelines
LPEQ has updated its reporting guidelines for listed private equity funds following feedback from stakeholders.
3i on track with restructuring plan
3i says it is continuing to make progress in reducing its cost and debts as part of its restructuring plan announced in June.
3i debt management business expands to the US
3i has established a debt management platform in the US through a partnership with WCAS Fraser Sullivan Investment Management.
Patience pays off on Ziggo IPO
The unusual IPO story of Ziggo has presented yet another boost to its private equity backers as overwhelming investor demand accelerated yesterday’s share offering from a planned 18 million to 29 million ordinary shares - trading at a premium of 34%....
Entrepreneurs favour banks over PE for funding
Less than a quarter of entrepreneurs expect to turn to venture capital and private equity firms for funding over the next 12 months, according to research by Investec.
Crédit Suisse to divest PE businesses
Crédit Suisse has announced it will sell off a number of illiquid private equity businesses within its asset management division.
Castle PE shareholder battle intensifies
Castle Private Equity’s battle with its shareholders has intensified after activist investor Abrams Capital became its largest investor.
Have your say: where is the Italian market going?
unquote" is looking for your views on the Italian private equity market, ahead of our Italia Congress in November.
F1 buyout: Gribkowsky sentenced to eight years
Former BayernLB banker Gerhard Gribkowsky has been sentenced to eight years and six months in prison following his trial for corruption, breach of trust and tax evasion.