News
Idinvest hires Cavalin as legal director
Cavalin will be involved in structuring and raising investment vehicles, as well as all legal concerns
Macquarie hires Intel Capital's Jorgensen
Jorgensen will support Macquarie's infrastructure technology and growth capital initiatives
Spotify starts listing process with SEC filing
Spotify's direct listing lets the market find a price and cuts out the usual underwriting process
Advent receives board approval for £1bn Laird take-private
GP has also received irrevocable undertakings and letters of intent from 27% of Laird's shareholders
Ardian raises €700m for first European real estate fund
Investors comprise pension funds, insurance companies and high-net-worth individuals
BNP Paribas launches venture fund
BNP Paribas Capital Partners' vehicle targets financial services and insurance startups
DLA Piper overhauls Paris office's tax team
Paris office hires nine lawyers, including three tax-focused partners and a corporate law partner
Pantheon aims for FTSE 250 as NAV per share rises
Pantheon also announces a share restructuring and the issue of a ТЃ200m asset-linked note
Draper Esprit invests in five seed funds
Managers include Berlin-based Join Capital and Helsinki-based Icebreaker
AP7 in negotiations for fourth account manager
Procurement for final account manager is ongoing, with an announcement now depending on lawyers
Livingbridge appoints Jones
Jones joins the firm's value strategy group and will focus on insight and analytics
Enterprise Investors-backed Novaturas readies for IPO
Offered shares represent 50% of the company's total capital, with Enterprise intending to retain a stake
Cairngorm promotes two
Bayliss and Naylor-Leyland are both founding members of Cairngorm's investment team
Abraaj suspends private equity funds as founder steps down
CEO and founder Arif Naqvi passed the fund management reins to two co-chief executives
JC Flowers to list NIBC stake
Private equity firm will list 35% of outstanding and issued NIBC shares on Euronext Amsterdam
Hg launches Saturn fund
Naming convention follows Hg's Mercury series, which targeted the small-cap space
Petroleum hires Contego's Sandhu, promotes two
Sandhu will lead the companyтs finance function as well as managing portfolio companies
HSH Nordbank sale to be decided on Wednesday
JC Flowers owns a 5.1% in the bank and 94.9% is held by states of Hamburg and Schleswig-Holstein
LP consortium announces $1.5bn seed platform
Venture is advised by Wafra and expects to deploy $1.5bn over the next five years
Goldman's Petershill raises $2.5bn for GP stakes
One LP said the strategic partnership with Goldman might boost its access to oversubscribed funds
TDR begins sales process for David Lloyd
Rothschild has been mandated for the sales process of the UK-based tennis and gym club
Lexington returns to market with record secondaries raise
Lexington held a final close for LCP VIII on its $10.1bn hard-cap in April 2015
Capvis to close fifth fund on hard-cap
More than 80% of LPs reupped into the fourth fund, which closed on its €720m hard-cap in 2014
Phoenix promotes Sargeant and Skinner to partner
Sargeant has been working with the firm since 2007, while Skinner joined in 2015