News
Summa opens North American office
Three existing partners will lead the California office, which is the GP’s first beyond Europe
Carlyle CEO Kewsong Lee steps down after two years
Executive led the US GP into other alternative assets like credit; no immediate successor announced
Pinova expects final close for Fund 3 before year-end
DACH industrial technology and IT investor has set a EUR 250m target for the vehicle
IK Partners readies Nomios for upcoming sale process
Bank of America will advise on the auction for the Dutch IT services group, formerly known as Infradata
Morgan Stanley equity solutions MD departs
Gautier Martin-Regnier has left after nine years at the bank; expected to join sovereign wealth fund
Castik Capital gears up for third fund
European mid-market GP held a final close for its predecessor vehicle on EUR 1.25bn in 2019
SwanCap plans October first close for Fund VI
German GP has a EUR 350m target for co-investment vehicle, which will follow the strategy of 2019-vintage predecessor
Aliter Capital readies Ipsum for post-summer auction
DC Advisory to lead on sale of UK-based utilities and infrastructure services provider
Goodwin hires Shearman’s Carli for Munich PE team
Leveraged finance partner Winfried Carli had been with Shearman & Sterling for more than 20 years
Eurazeo’s NAV dips amid volatile markets
Net asset value dips by 3.9% as French sponsor creates contingency buffer of EUR 500m to account for market uncertainty
Deutsche Bank head of EMEA equity-linked departs
Xavier Lagache is no longer in the role after more than a decade; replacement not announced
Bridgepoint Europe VII in final stretch of EUR 7bn fundraise
GP’s latest flagship fund held a EUR 4bn close in mid-May, with a final close expected in H1 2023
StepStone Group gears up for next Tactical Growth Fund
Predecessor primary, secondaries and co-investment vehicle held a final close in 2021 on USD 690m
DBAG prepares Cloudflight for sale launch late this year
GP aims for 20x EBITDA valuation for German IT services and software consultancy
Unquote British Private Equity Awards 2022: final week to enter
Submissions for the 2022 Unquote British Private Equity Awards are open until 29 July at 5pm
Ergon readies Opseo for exit advised by Goldman Sachs
German outpatient intensive care clinics to be marketed off EUR 60m-70m EBITDA
EQT to target trade players in Kfzteile24 auction
Houlihan Lokey is advising on sale of German car parts e-retailer held in the GP's Mid Market Fund
Squire Patton Boggs poaches Gateley’s head of corporate
Tom Durrant joins the US-headquartered law firm after 15 years at Gateley
CBPE in exclusivity to acquire Palatine-backed Veincentre
UK varicose vein treatment clinic was put up for sale in a Grant Thornton-led auction
FPE Capital bolsters investment team
Ben Cole promoted to investment director at the software and services growth investor
Pemberton strengthens team with four senior hires
Anders Svenningsen, Christoph Polomsky, James Taylor and Sally Tankard join the firm’s European offices
LDC mandates Houlihan Lokey for MSQ Partners exit
Formal auction for the UK-based marketing communications group has not yet been launched
Nest mandates HarbourVest for PE investing
Workplace pension scheme has made its second PE mandate following its partnership with Schroders
Cinven plays long game with financials fund in hunt for 3x returns
With a life of 15 years, the new vehicle has closed above target, with insurers making up about a quarter of its LP base