News/Region
Social Action Fund backs Impetus Trust
Venture philanthropy organisation Impetus Trust has received a £310,000 investment from the Social Action Fund.
Fondo Strategico makes maiden investments totalling €650m
State-backed investor Fondo Strategico Italiano has completed its first investments totalling €650m.
RIT partners with Rockefeller Financial Services
Investment trust RIT Capital Partners and asset manager Rockefeller Financial Services have announced the creation of a strategic partnership between the two entities.
AIFI announces new board
Italian private equity and venture capital association AIFI has announced its new governing board.
DC Advisory appoints executive director
Corporate finance firm DC Advisory Partners has appointed Jack Dessay as executive director in its European Technology, Media and Telecommunications (TMT) team, based in London.
Terra Firma denies plans to float Infinis (update)
Terra Firma has met banks to discuss a potential £1bn IPO for its energy portfolio company Infinis.
Terra Firma head of IR quits
Terra Firma’s head of investor relations Kamal Tabet has left the firm after only 11 months.
CVC-backed Evonik announces IPO
CVC Capital Partners-backed German chemicals maker, Evonik Industries, has confirmed plans to float in the Prime Standard segment of the Frankfurt stock exchange.
Scandinavian banks downgraded by Moody's
Moody's has downgraded some of the most popular private equity debt providers in Scandinavia.
Tax authority demands Nordic Capital execs repay SEK 412m
Nordic Capital executives have been ordered to repay SEK 412m in carried interest tax, after the Swedish tax authority reached a final verdict in a lengthy investigation.
French LBOs top European performance tables, says AFIC
LBOs generated higher returns in France than in all other European countries in 2011, although their performance declined year-on-year, according to a recent study by private equity association AFIC.
Norway joins carried interest tax push
The Norwegian tax authority will classify carried interest as standard income, putting a few hundred million NOK of carried interest at risk.
Carlyle backs Avail-TVN with $100m for On Demand acquisition
The Carlyle Group has provided $100m in growth capital to US video provider Avail-TVN to acquire UK-based On Demand Group.
CVC reduces stake in F1 prior to IPO
CVC Capital Partners has sold a $1.6bn stake in Formula 1 Group to BlackRock, Waddell & Reed and Norges Bank Investment Management prior to the company's IPO, according to reports.
unquote" British Private Equity Awards
The 2012 unquote" British Private Equity Awards will be held in London on Thursday, 4th October.
Ingenious expands corporate finance team
Ingenious Media has recruited new corporate financiers David Brooks and Toby Ramsden, who will join as managing directors.
DFJ Esprit appoints Peter Keen as venture partner
DFJ Esprit has hired Peter Keen as a new venture partner, specialising in medical technology and life science investments.
David Rolfe joins NVM Private Equity
David Rolfe has been appointed as investment partner for the South of England at NVM Private Equity.
£70m restaurant bill could generate 2x for Caird
Caird Capital may be about to exit its minority stake in restaurants chain D&D London.
Eurazeo's Europcar turns to high-yield for refinancing
French car rental company Europcar, a portfolio company of listed private equity group Eurazeo, has raised €324m on the high-yield market to refinance its debt.
Simon Borrows steps in as 3i CEO
3i Group has officially appointed Simon Borrows as CEO, taking over from Michael Queen with immediate effect.
GE Capital bolsters French acquisition finance team
Leverage provider GE Capital has promoted Camille Frizon de Lamotte to head of sponsor coverage for the French mid-market.
Buyout houses circle €1bn Global Blue
EQT, BC Partners, TH Lee Partners, Silver Lake Partners and Partners Group have reportedly entered a second round of bidding for Equistone's tax-free retail services company Global Blue.
LinkedIn co-founder joins Earlybird
LinkedIn co-founder Konstantin Guericke has joined German technology venture capital firm Earlybird as a partner.