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News

People moves and promotions
GP Bullhound acquires AdMedia

Following the acquisition, five senior deal-makers will join the VC firm's investment team

  • Advisory
  • 06 March 2018
Fundraising in euros
Headway targets first close in early Q2

Headway registered the vehicle, Headway Investment Partners IV (HIP IV), in February 2017

  • Funds
  • 06 March 2018
Pharma-focused fundraises
Techwald's SPAC Life Care Capital to trade on AIM Italia

SPAC will invest in non-listed medium-sized Italian companies active in the healthcare sector

  • Southern Europe
  • 06 March 2018
GPS satellites and associated technologies
Seraphim hires Rombaut as general partner

Rombaut will support fundraising efforts as the VC firm plans to launch a new global vehicle

  • People
  • 06 March 2018
Pizza restaurants
TPG's Prezzo to close 94 restaurants following CVA

Casual dining chain suffered an 8.1% drop in like-for-like sales in 2017 and owes £220m to creditors

  • Investments
  • 05 March 2018
Spas and saunas
CapMan prepares Harvia for IPO in Helsinki

Harvia intends to raise around €45m to strengthen its capital structure and support growth

  • Exits
  • 05 March 2018
Fundraising in euros
Perusa to launch third fund

Perusa Partners II held a final close on €207m in November 2011 and is deployed across 10 deals

  • Funds
  • 05 March 2018
Guillaume Cavalin of Idinvest Partners
Idinvest hires Cavalin as legal director

Cavalin will be involved in structuring and raising investment vehicles, as well as all legal concerns

  • People
  • 05 March 2018
New appointment
Keensight appoints Van Eynde as CFO

Adrian Van Eynde joins from Ardian after two years in the firm's fund finance department

  • People
  • 05 March 2018
People moves and promotions
Macquarie hires Intel Capital's Jorgensen

Jorgensen will support Macquarie's infrastructure technology and growth capital initiatives

  • People
  • 05 March 2018
Music streaming services and headphones
Spotify starts listing process with SEC filing

Spotify's direct listing lets the market find a price and cuts out the usual underwriting process

  • Exits
  • 01 March 2018
Circuit boards and electronic components
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

  • Buyouts
  • 01 March 2018
Corporate real estate and office letting services
Ardian raises €700m for first European real estate fund

Investors comprise pension funds, insurance companies and high-net-worth individuals

  • Funds
  • 01 March 2018
Wealth managers and financial advisers
BNP Paribas launches venture fund

BNP Paribas Capital Partners' vehicle targets financial services and insurance startups

  • Funds
  • 01 March 2018
Car parts and spark plugs
Bain's Autodis eyeing float in 2018

GP owns 93% of the French auto parts distributor, following the company's fourth buyout

  • Exits
  • 28 February 2018
Company management teams and non-executive directors
DLA Piper overhauls Paris office's tax team

Paris office hires nine lawyers, including three tax-focused partners and a corporate law partner

  • People
  • 28 February 2018
Removal services
VC-backed Move24 enters provisional insolvency

Move24 will try to halt the insolvency process and is currently auditing its financials

  • DACH
  • 27 February 2018
Financial technology companies
Pantheon aims for FTSE 250 as NAV per share rises

Pantheon also announces a share restructuring and the issue of a £200m asset-linked note

  • LPs
  • 27 February 2018
UK records surge in all-equity buyouts
Draper Esprit invests in five seed funds

Managers include Berlin-based Join Capital and Helsinki-based Icebreaker

  • Fundraising
  • 27 February 2018
Fundraising in Swedish kronor
AP7 in negotiations for fourth account manager

Procurement for final account manager is ongoing, with an announcement now depending on lawyers

  • LPs
  • 27 February 2018
New hires and promotions
Livingbridge appoints Jones

Jones joins the firm's value strategy group and will focus on insight and analytics

  • People
  • 26 February 2018
Riga in Latvia
Enterprise Investors-backed Novaturas readies for IPO

Offered shares represent 50% of the company's total capital, with Enterprise intending to retain a stake

  • Exits
  • 26 February 2018
Job applications and new recruits
Cairngorm promotes two

Bayliss and Naylor-Leyland are both founding members of Cairngorm's investment team

  • People
  • 26 February 2018
Arif Naqvi of Abraaj Group
Abraaj suspends private equity funds as founder steps down

CEO and founder Arif Naqvi passed the fund management reins to two co-chief executives

  • GPs
  • 26 February 2018
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