News/Region
GLOBAL - CalPERS to renegotiate terms with Apollo
CalPERS, the California pension fund, is reportedly looking to revise the terms of its relationship with private equity firm Apollo Global Management, pushing for lower management fees, a reduction in commitments, and a renegotiation of other costs for...
SPAIN - Platina acquires Arico solar farm
Platina Partners has acquired the Arico solar energy farm, a 11MW facility in Tenerife, from energy company Endesa.
POLAND - Close Brotheres appoints head
Corporate financier Close Brothers Corporate Finance has appointed Tod Kersten as managing director and head of its newly opened Warsaw office.
FRANCE - NI Partners exits CBM
NI Partners has exited its investment in Car et Bus Maintenance (CBM), a producer of car and bus parts, in a buyout by management and employees supported by local funds Uni Expansion Ouest and Synergie finance.
FINLAND - CapMan Technology recruits partner
Finland-based Nordic private equity house CapMan has appointed Peo Nilsson as partner within its technology team.
GERMANY - BPE backs MBO of Karl Kemper
BPE Private Equity has backed the management buyout of frozen foods manufacturer Karl Kemper for an undisclosed amount from Dutch food company Royal Wessanen.
EUROPE - AIFM provisions a 'trap' for the PE industry
The new remuneration provisions contained in a fresh re-draft of the EU Commission's controversial AIFM Directive, which could require up to 60% of managers' variable pay to be deferred, has been described as a 'trap' for the industry. Deborah Sterescu...
IRELAND - Bain Capital et al. to divest part of stake in Warner Chilcott
Bain Capital Partners, DLJ Merchant Banking, JP Morgan Partners and Thomas H Lee Partners are reportedly planning to sell off part of their stake in listed pharmaceutical company Warner Chilcott.
GERMANY - Balderton Capital leads EUR 5m wooga funding
Balderton Capital has led a EUR 5m investment in social gaming company wooga.
GLOBAL - Meidlinger Partners holds $15m first close of cleantech fund
Meidlinger Partners has reached a first closing of its cleantech fund, Meidlinger Partners Sustainable Investments, on $15m.
GERMANY - BC Partners and Apollo sell Unitymedia for EUR 3.5bn
BC Partners and Apollo Capital Management have agreed to sell broadband cable operator Unitymedia to American telecommuncations giant Liberty Global Inc, in a deal that values the business at EUR 3.5bn.
IRELAND - Hellman & Friedman acquires Web Reservations International
Hellman & Friedman has acquired online accomodation booking company Web Reservations International (WRI), owner of the Hostelworld online brand, for an undisclosed sum.
ITALY - Market remains strong despite downturn
Speaking at the unquote" Italia private equity congress, Mara Caverni of PricewaterhouseCoopers argued that the Italian private equity market remains in good health despite the big declines witnessed in the last year, emphasising that "activity has,...
AUSTRIA - Tyrol Equity acquires 27% of Eisbär Sport
Tyrol Equity has agreed to acquire 27% of sport fashion company Eisbär Sport from Athena funds.
GERMANY - MIT acquires 26% of Belte
MIT Munich Industrial Technologies has acquired a 26% interest in aluminium refiner Belte, investing an undisclosed sum as part of a capital increase.
EUROPE - “We’re on our way to next boom”
Speakers at this morning's unquote" Italia Private Equity Congress in Milan stressed that deals done in the next few months will reap stellar returns, but warned that the downturn may in fact prove too short.
DENMARK - KKR et al. prepare for TDC sale
KKR, Blackstone, Permira, Apax and Providence Equity Partners, the private equity owners of Danish telecoms group TDC, are reportedly meeting with banks this week to choose an adviser as they look to sell part of their stake in the business, which is...
UK - Bridges leads £1m round for Call Britannia
Bridges Ventures, via its Social Entrepeneurs Fund, has led a £1m investment in customer contact centre business Call Britannia, alongside Big Issue Invest, management and the government's Future Jobs Fund.
UK - Maven reaps 50% IRR from sale of Cyclotech
Maven Capital Partners has wholly exited its investment in oil and gas company Cyclotech via a trade sale to M-I Drilling Fluids, part of the Houston-based M-I SWACO group, generating a return of more than 3x money and IRR of over 50%.
HUNGARY - Tuning in to corruption: PE sues in Hungary
Once deemed CEE's frontrunner in terms of economic advancement and attracting foreign investment, Hungary seems to have taken a step backward, with the government becoming embroiled in a legal dispute with Vienna-based private equity investor Accession...
SWEDEN - STING invests SEK 2m in Solarus
STING Capital has invested SEK 2m into solar energy technology company Solarus.
SWEDEN - Next Wave & WHEB Ventures acquire Petainer for £16m
Next Wave Ventures, WHEB Ventures and senior company management have acquired drinks container manufacturer Petainer from UK packaging specialist Rexam plc for a total consideration of £16m.
SPAIN - Debaeque takes 10% in BuyVip
Venture firm Debaeque has invested an undisclosed sum in online private buyers club BuyVip, acquiring a 10% stake in the business.
UK - Capital for Enterprise appoints deputy CEO
Capital for Enterprise, the UK Government's venture capital and loan guarantee business, has appointed Richard Hepper as deputy chief executive.