News/France
FRANCE - Crédit Agricole PE leads CPA acquisition
Crédit Agricole Private Equity has led the acquisition of private care company Cliniques Privées Associées (CPA), alongside a consortium of investors comprising ING Parcom, BNP Paribas Développement, Crédit Mutuel Artea and Daniel Caille, former...
EUROPE - F&C Private Equity holds EUR 30m first close of Aurora Fund
London-listed private equity investor F&C Private Equity has held a EUR 30m first close of its Aurora Fund, a new vehicle focused on acquiring secondary interests in predominately European private equity funds and co-investments.
EUROPE - Venture: resilient, and proving lucrative
While 2009 was a grim year indeed for European buyouts, venture and growth investing has proven more resilient. By Mareen Goebel
FRANCE - Coller interested in Natixis
According to reports, Coller Capital has emerged as a potential suitor for part or all of Natixis' Private Equity divisions.
FRANCE - Evolem buys Solemco
Evolem has purchased a majority stake in Solemco, an automatic distribution business, for an undisclosed sum.
FRANCE - iXEN president resigns
Caroline Rémus has resigned from her position as president of buyout investor iXEN Partners, a subsidiary of Natixis Private Equity.
FRANCE - ERCP purchases Christian Liaigre
Edmond de Rothschild Capital Partners has purchased a majority stake in Christian Liaigre, an interior design company, alongside the founder.
FRANCE - CM-CIC makes EUR 2m YES investment
CM-CIC Capital Privé has invested EUR 2m in YES (Your English Solution), an English teaching company.
EUROPE - Yield of dreams: unquote” explores high yield
The European high-yield market has opened once again, but, given its failings in the past, can the market shake off its reputation as a short-lived phenomenon and become a viable financing option for buyouts? To read Emanuel Eftimiu's feature see below,...
GLOBAL - Hudson reaches USD 1bn target for maiden fund
Hudson Clean Energy Partners reached its USD 1bn target for its maiden fund Hudson Clean Energy Partners LP, having secured USD 1.024bn in commitments.
GLOBAL – CIC provides Apax with liquidity boost
Sovereign wealth fund China Investment Corporation (CIC), may invest up to EUR 800m in Apax' EUR 11.2bn fund. The move is not intended to boost the vehicle's size, which last year became Europe's largest private equity fund. Instead it is believed to...
FRANCE - PAI Partners revives latest buyout fund
Following month-long negotiations, PAI Partners has received LP approval to halve its latest EUR5bn fund to just under EUR3bn, restarting the investment process.
FRANCE - PAI Partners revives latest buyout fund
Following month-long negotiations, PAI Partners has received LP approval to halve its latest EUR5bn fund to just under EUR3bn, restarting the investment process.
EUROPE - Candover to “substantially” reduce fund
Following nearly 12 months of difficulties that stemmed from its parent's liquidity issues at the beginning of the year, Candover has today announced it will "substantially reduce" the size of its 2008 Fund, which had targeted EUR 5bn and reached a first...
EUROPE - EVCA report shows sharp rise in turnaround deals
While investment activity in 2009 has slowed significantly, new research published by the EVCA today shows that the downturn has provided a sharp rise in turnaround opportunities, which were up 40% in the first nine months of this year against the same...
GLOBAL - LPs sound warning over private equity performance
A new report has provided a damning assessment of LP confidence in private equity as an asset class, revealing dissatisfaction over performance and new demands in relation to due diligence and reporting. By Ashley Wassall
EUROPE - Mourant acquired by State Street to create PE servicing giant
European fund administrator Mourant International Finance Administration has been acquired by financial services giant State Street Corporation for an undisclosed sum.
FRANCE - SocGen PE arm spins out; re-brands Syntegra
The investment team of SG Capital Europe, the private equity arm of Société Générale's asset management subsidiary SGAM, has led a spin-out of the business from its parent and re-branded it Syntegra Capital.
FRANCE - Finadvance to purchase RAC France
Finadvance is set to back the MBO of the French arm of RAC, the roadside assistance company, from UK-based insurance giant Aviva.
FRANCE - Allianz to sell AGF PE
According to reports, Allianz has mandated Rothschild to oversee the sale of its private equity investment arm, AGF Private Equity, with AXA Private Equity cited as a possible suitor.
GLOBAL - Carlyle to change terms on its fifth fund
It is understood that Carlyle Group is the latest private equity firm to appease its investors by agreeing to several changes to terms on its fifth fund, Carlyle Partners V, including a split on transaction fees, limits on the amount of debt investments...
EUROPE - Delving into fair value
With the recent market turmoil and lack of comparables, fair value remains a complicated accounting principle. In a recent video interview, Nordic unquote" editor Rikke Eckhoff discusses the implication of this principle for the industry with PricewaterhouseCoopers...
FRANCE - 3i cedes PriceMinister venture
3i has ceded its interest in PriceMinister, a price comparison website, back to the founders and current investors Quilvest and Atlas Ventures.
EUROPE - Revised Directive angers trade bodies
Another chapter has been added to the long-running saga of the EU Commission's AIFM Directive, with a new report calling for a removal of all fund size exemption thresholds sparking anger within the industry. By Ashley Wassall