News
HQ Capital appoints four to advisory board
Advisory board is set to meet twice a year and will advise the executive board of the buyout firm
German tax act gives LPs exemption rate of 80%
New rules apply to German and international funds treated as corporate taxpayers
Global Infrastructure Partners agrees to acquire Italo
Italo announced the withdrawal of its application for admission to trading on the stock exchange
Inflexion, CVC funds trading above NAV, says secondaries marketplace
Inflexion's 2010-vintage buyout fund is trading at nearly a quarter above NAV, according to Palico
BC makes US deal with Zest buyout from Avista
GP is deploying capital from its 10th fund, which closed in January on its €7bn target
Nordic Capital submits cash offer for shares in Nordax
Bid comes four months after Nordic Capital bought a 9.96% stake in Stockholm-listed Nordax
Turkven to raise fourth fund in H2 2018
Fund is a follow-up to the current fund, Turkish Private Equity Fund III, which held a final close in 2012 on $840m
Altamar appoints Caturla as managing director
In his new role, Caturla will be responsible for coordinating investment management products
TPG to exit Vita Group
TPG took the company private in 2005, drawing equity from its $5.3bn TPG Partners IV fund
CalSTRS looks to widen co-investment and direct investing
US LP, worth $224.8bn, is consulting on setting up direct investment capabilities
Landmark promotes four to partner
Eddie Keith and Charlie Tingue are promoted to partner in the PE teams in New York and London
Eurazeo buys Idinvest in €310m deal
Eurazeo becomes majority shareholder of French asset manager Idinvest, taking over from IDI
8GT launches £110m Sino-British venture fund
Government-formed fund will partner with Chinese institutes to invest in UK tech companies
GPs bid for AkzoNobel's chemicals arm
GPs are in the auction process for the carve-out, said to be valued in the region of €10bn
CapMan rolls out incentive plan for top team
Performance will be determined based on personal records and company returns, commencing 1 April
Olivier Sarkozy's Further Global launches $1.25bn PE fund
Vehicle is registered in the Cayman Islands, with Park Hill listed as the placement agent
Activa Capital promotes France to associate
Emma France will have a specific focus on ESG and digital transformation for portfolio companies
Ardian adds four to executive committee
Ardian France president Dominique Gaillard has now withdrawn from the committee
Ropes & Gray promotes Rosen and Sanderson
Ropes & Gray worked on high profile PE transactions across all continents in 2017
Downing hires seven for investment team
New appointments join the energy and property sector investment team
Apax France hires Onno Sloterdijk
Apax France accelerates its development in the Netherlands with the appointment
Ecofi Investissements buys Esfin Gestion
Asset manager Ecofi and general partner Esfin are both subsidiaries of French bank Crédit Coopératif
KKR appoints Veyrat as senior adviser
Veyrat will work with Henry Kravis, Johannes Huth and the wider EMEA leadership team
Eurazeo reportedly in second round for Hg's Trace One
Hg has looked to sell the French retail and private-label goods SaaS platform since October