News
Mid-market valuations at highest level ever in latest Argos index
Sharp increase in prices paid by strategic buyers push the median entry multiple to 9.5x
Palatine hires portfolio operations director
Gareth Wilson will be focused on improving the performance of portfolio companies
Highland promotes former Photobox CEO Laurent to partner
Laurent will be responsible for identifying and investing in fast-growing internet companies
IK's TCM Group sets IPO price range
Final pricing and start of conditional trading are expected to take place on 24 November
AlixPartners hires Jouaber from GSK
Jouaber will be responsible for the firm's activities in the healthcare and life-sciences sectors
Point Nine hires Playfair's Benaich
Benaich's tenure is likely to be temporary as he is in the process of building a new VC firm
Keensight hires Moras as associate director
Javier Lopez Moras previously worked in Montalbán's Madrid office and DC Advisory in London
BC-backed Sabre to raise £213m from IPO
Motor insurance underwriter announces its intention to float following a four-year holding
Portobello IV hauls in €570m, nears €600m hard-cap
Spanish GP eyes a final close on its fourth fund's €600m hard-cap before year-end
French state arm CDC IC ramps up Mubadala partnership
New co-investment agreement will see CDC International Capital, BPI France and Abu Dhabi's Mubadala deploy an extra €1bn in French businesses
3i cancels sale of £182m ACR stake
$1bn deal for the Singaporean reinsurance business was shelved due to regulatory delays
Gain Capital re-hires Martin Prohazka
Prohazka will be responsible for investment allocation, manager selection and raising a new fund
Terra Firma to walk away from Four Seasons
Creditor H/2 Capital had originally proposed that the GP retain an 11% stake in the business
Ardian set to back Berlys SBO
GP will acquire the bakery in a deal valued in the €450-500m EV range, equating to a 10x EBITDA multiple
Synova opens US office, appoints Summit's Usher
GP is opening a New York office to support portfolio companies' expansion into the US market
Pillarstone to gain control of RBD Armatori
Announcement follows the fund's acquisition of €560m of the company's debt in July 2017
AnaCap's Aldermore to recommend takeover offer from FirstRand
Deal would value the UK bank, which listed in 2015 and is still backed by AnaCap, at ТЃ1.1bn
Van Lanschot Participaties to spin out from bank
Dutch bank intends to sell its private equity division, which will look for third-party money
OIC recommends €200m commitment to €1bn Novalpina fund
Recommendation was made by the investment committee and must be approved by OPERF
Enterprise Investors shelves Novaturas sale
GP is now considering a public offering on the Warsaw or Vilnius stock exchange
Main Capital hires BDO's Scheurwater
Scheurwater will be responsible for LP reporting, governance and risk and compliance policies
Permira acquires Duff & Phelps for $1.75bn
Selling shareholders include Carlyle, Neuberger Berman, University of California and Pictet & Cie
Berlin Innovation nearing first close for €40m seed fund
Berlin Innovation Ventures will make approximately 40 initial seed investments of €250,000
Lonsdale hires new investment associate
Second addition to the team in the past six months also follows the promotion of Evans to partner