News
Cinven partner Gibson steps down
Cinven partner Rebecca Gibson has stepped down after 11 years at the firm.
Environ appoints Andrews as principal
Richard Andrews, Environ
Adveq opens London office
Funds-of-funds manager Adveq has officially opened its new London office.
Advent appoints Hanspeter Spek as operating partner
Advent International has appointed ex-Sanofi president Hanspeter Spek to its operating partner programme.
Providence seeks M7 dividend recap
Providence Equity Partners and Airbridge Investments, the owners of satellite television company M7 Group, are seeking to reap a dividend of approximately €300m from a recapitalisation, according to reports.
CDC appoints ex-Permira partner as chairman
Graham Wrigley, CDC
Deloitte hires two in Germany
Deloitte has appointed Markus Schackmann and Christofer Mellert as new partners in its German tax and legal services practice.
Blackstone to settle IPO lawsuit with $85m payment
Blackstone has reportedly agreed to make a payment of $85m to settle a lawsuit after investors argued that the private equity giant failed to disclose "bad investments" prior to its $4.7bn IPO in 2007.
Numericable and Completel owners seek merger
Cinven and Carlyle Group are seeking to merge their jointly owned portfolio companies Numericable and Completel in preparation for a potential flotation, according to reports.
Rocket Internet founders back 3 businesses with new fund
Rocket Internet's founders Oliver and Marc Samwer are understood to have invested a total of $5m in online start-ups Lingoda, GirlMeetsDress and Videdressing.com via their new €150m Global Founders Capital (GFC) fund.
PE backers looking to divest Burton's Biscuits
Burtonтs Biscuit Company, owned by Apollo Global Management and Duke Street, is up for sale with a price tag of ТЃ350m, according to reports.
Lack of exits forces Candover to make contingency plans
Without any realisations in the first half of this year and a growing debt burden, listed entity Candover Investments has started to review a range of alternative plans including refinancing existing facilities.
EQT promotes Blecher and de Muynck
Lennart Blecher, EQT
BNP Paribas carves out direct PE arm
Team members of BNP Paribas Private Equity have created a new company to manage the GP's direct funds, while the French bank will remain in control of the funds-of-funds business.
Colony Capital reshuffles European leadership
Jean-Romain Lhomme, Colony Capital
LDC eyes up Silverstone
Mid-market house LDC is discussing a potential management buyout of motor racing events operator Silverstone Circuits.
Eurazeo sees 2.1x return on divestments in H1 2013
Eurazeo made an average 2.1x multiple on €853m worth of disposal proceeds in the first half of this year, representing 23% of its portfolio.
Doughty looks to buy Teknon from Magnum
Doughty Hanson has entered negotiations to acquire Barcelona-based private medical clinic Centro Médico Teknon from Magnum Industrial Capital Partners, according to reports in the Spanish press.
BC's Foxtons to raise £55m in flotation
London-based estate agent Foxtons, backed by BC Partners, is to float on the London Stock Exchange in September and plans to raise ТЃ55m in a sale of both new and BC-owned shares.
Phoenix looks to offload LK Bennett
Phoenix Equity Partners is in the initial stages of divesting high-end retailer LK Bennett as it sounds out City advisers.
Advent mulls Co-op insurance bid
Advent International has teamed up with former RSA Insurance boss Andy Haste to bid for Co-operative Groupтs insurance arm.
OFT furniture probe embroils PE-backed retailers
The Office of Fair Trading (OFT) is investigating six furniture retailers, two of which are understood to be Sun European-backed Dreams, and Advent-owned DFS.
Adara launches second fund
Adara Venture Partners has started the fundraising process for its second fund, Adara Ventures II, with a target of $40m, according to a Form D filing with the US Securities and Exchange Commission (SEC).
Baker Tilly picks up RSM Tenon in pre-pack deal
Baker Tilly has acquired RSM Tenonтs trading business in a pre-pack deal following a write off of the embattled companyтs ТЃ80m debt.