News/Benelux
EUROPE – Remuneration a hot topic
A central theme this morning at the Capital Creation event was remuneration: As bankers worldwide prepare for their compensation packages to shrink, many in the private equity industry are championing maintaining the high levels of salary and bonus paid...
US/EUROPE - Oak Hill closes distressed debt fund on $1.13bn
Oak Hill Advisors has surpassed the firm's $750m target for its OHA Strategic Credit Fund, holding a final close on $1.125bn.
GLOBAL - Campbell Lutyens appoints new partner
Placement agent Campbell Lutyens has appointed Richard Allsopp as partner.
GLOBAL - CVC Capital appoints two senior advisers
CVC Capital Partners has appointed Robert Jenkins and Jim Sutcliffe as senior advisers on the firm's global financial institutions advisory board.
GLOBAL - GI Partners completes sale of assets in first fund
Private equity and real estate investor GI Partners has sold the last remaining asset in its first fund, a Frankfurt data center, to Equinix Holding BV for $28m.
LUXEMBOURG - Loyens & Loeff appoint new partner
Law firm Loyens & Loeff has appointed Véronique Hoffeld as partner to head its commercial & litigation department.
EUROPE - DFJ Esprit holds first close of third venture fund on EUR 70m
DFJ Esprit has held the first close of it latest venure fund, DFJ Esprit III, on EUR 70m.
GLOBAL - KKR to delay launch of next buyout fund
Reports suggest that KKR is delaying the launch of its next buyout fund until next year, after having already invested 70% of its previous $17.6bn vehicle that closed in 2007.
EUROPE - 3i sells venture portfolio to Coller-, HarbourVest-backed Encore
Secondaries specialists Coller Capital and HarbourVest Partners have teamed up with venture house DFJ Esprit to acquire a £130m portfolio of venture assets from 3i. The portfolio will be managed by a new division of DFJ, Encore Ventures.
NETHERLANDS - Mentha and BNP inject $10m into Anteryon
New investor Mentha Capital and existing backer BNP Paribas Private Equity have invested $10m into optics specialist Anteryon.
NETHERLANDS - Forbion and LSP lead EUR 9.5m arGEN-X investment
Forbion Capital Partners and Life Science Partners (LSP) have co-led a EUR 9.5m series-A funding round for biopharmaceutical firm arGEN-X, alongside KBC Private Equity, BioGeneration Ventures and existing shareholders Erasmus MC Biomedical Fund and Thuja...
GLOBAL - IPEV publishes updated valuations guidelines
The International Private Equity and Venture Capital Valuation (IPEV) Board published its updated version of the Private Equity Valuations Guidelines today. Significantly, the updated version highlights the importance of consistency with international...
GLOBAL - KPS tops up third fund by USD 800m
Turnaround specialist KPS Capital Partners has increased the size of its Fund III from its original USD 1.2bn to USD 2bn.
GLOBAL - Advent International appoints three new partners
Advent International has hired three operating partners to advise the firm on investment opportunities in the technology and telecoms sector: Richard Atkins, Sergio Giacoletto and John Hughes.
EUROPE - Entertainment Capital Advisers launched
Premila Hoon, former global head of media and entertainment structured finance at Societe Generale, has co-founded Entertainment Capital Advisors (ECA), a specialist media and entertainment strategic and financial advisory firm.
EUROPE/UK - OMERS appoints senior MD from 3i
OMERS Private Equity has appointed 3i's Mark Redman as senior managing director of Europe.
NETHERLANDS - Waterland purchases Intertrust
Waterland Private Equity has purchased 100% of Fortis Intertrust Group Holding, a trust and corporate solutions company, from Fortis Bank Netherland and BGL.
NETHERLANDS - Icos backs BiAqua spin-out
Icos Capital has backed the spin-out of BiAqua, a developer of water contamination solutions, from the Delft University of Techonology.
LUXEMBOURG - IK takes majority stake in Vistra
Buyout house IK Investment Partners has acquired a majority stake in corporate structuring specialists Vistra Group for an undisclosed sum, alongside a group of investors including Reggeborgh Groep.
GLOBAL - Carlyle appoints leveraged finance MD
International investment house Carlyle Group has today announced the appointment of Debra Pedersen as managing director in the firm's New York-based global leveraged finance team, focusing on investor relations and fundraising.
NETHERLANDS - Gilde leads $11m ProFibrix funding
Gilde Health Partners has led a $11m series-B financing round for biotechnology business ProFibrix BV, alongside existing investor Index Ventures.
EUROPE - KKR closes European annex fund
US-based buyout giant KKR has closed a EUR 400m annex fund to support additional equity investments for portfolio companies of its second European fund, which closed in 2005 on approximately EUR 4bn.
EUROPE - Candover reports further NAV decline; Buffin steps down
Bealeagured buyout firm Candover today released its interim management statement, which reveals a further 12% decline in NAV and sweeping changes to the firm's management.
EUROPE - Gimv appoints new technology adviser
Belgian-based investor Gimv has appointed Richard Seibt, chairman of the Open Source Business Foundation, to its Technology Advisory Board.