News
Blackstone given all-clear to buy Multi Corporation
The European Commission has granted Blackstone the option to wholly purchase Netherlands-based Multi Corporation, a commercial real estate developer specialising in shopping centres.
CVC set to buy Advent's Domestic & General
CVC has entered exclusive talks with Advent International to buy insurance business Domestic & General, according to reports.
White & Case hires Allardice from Kirkland & Ellis
Ross Allardice, White & Case
Better Capital hires Richard Favier
Richard Favier, Better Capital
ING in talks with MBK Partners over Korean life insurance arm
Dutch bank ING is in talks with South Korean private equity firm MBK Partners over a sale of the bank’s Korean life insurance arm, according to reports.
Investec funds 2M's acquisition of ChlorVinyls arm
Investec Growth and Acquisition Finance has provided follow-on funding to client 2M Group for the acquisition of the packed chlorine branch of ChlorVinyls.
Little Chef sold to Kuwait-based KFG
Roadside restaurant chain Little Chef has been sold by turnaround investment firm Rcapital to Kuwait-based Kout Food Group (KFG).
Private equity-backed tech firms more likely to succeed
An extensive study of high-growth technology start-ups has found those backed by private equity and business angels are more successful than those financed with bank loans.
Grosvenor Capital acquires Credit Suisse's PE FoF division
US-based fund of hedge funds Grosvenor Capital Management (GCM) has acquired the fund-of-private-equity-funds division of Credit Suisse, Customised Fund Investment Group (CFIG).
New Rentokil boss to push non-core sell-offs
A changing of the guard at Rentokil Initial will see the listed firm focusing on its core divisions of pest control, cleaning and laundry service, resulting in opportunities for private equity.
Pamplona to leverage OGF purchase with €635m debt package
The recently announced buyout of French funeral services operator OGF by Pamplona will be financed by a €635m debt package, according to media reports.
Lion's Picard issues €480m floating rate note
Picard Surgelés, a French portfolio company of Lion Capital, has issued a €480m floating rate note to refinance part of its debt.
ECI's Chris Warren to join Charterhouse
ECI partner Chris Warren will join private equity firm Charterhouse in the autumn.
Marlborough hires two
Taddeo Vender, Marlborough Partners
SJ Berwin-King & Wood merger gets green light, creates $1bn global giant
SJ Berwin has sealed its merger with Asia-Pacific giant King & Wood Mallesons (KWM), creating a $1bn (£657m) firm, with the SJ Berwin name set to disappear after a transitional period.
Acromas results spur further split speculation
Acromas, comprising AA and Saga and backed by CVC, Charterhouse and Permira, has reported a 4.9% uplift in EBITDA, reawakening speculation over how its financial backers will exit the business.
ECI reaps 4.5x on Bargain Booze IPO
ECI Partners has reaped a 4.5x money multiple on its full exit from Bargain Booze, which listed on the AIM this morning under its holding company, Conviviality Retail.
Alternative lenders outpace Business Bank
The UK governmentтs Business Bank has dished out only ТЃ300m in SME loans since inception, compared with ТЃ345m provided by alternative lenders in short-term secured loans.
Finance Wales teams up with Fusion to back university tech spinouts
Finance Wales and Fusion IP, a university commercialisation company, have signed a memorandum enabling financial support for university high-tech spinouts.
BGF appoints former bankers Widdall and Norman
Matt Widdall, BGF
Direct secondaries set to peak in 2017
The volume of the direct secondaries market has already doubled in the last year and is set to continue expanding rapidly, according to recent research by placement agent Triago.
Bridgepoint and TPG circle Servihabitat
Bridgepoint and TPG are among a number of investors considering the acquisition of a 50% stake in Spanish real estate firm Servihabitat Gestión Inmobiliaria, according to reports.
Austrian politician praises mezzanine to support SMEs
Sonja Zwazl, president of the federal economic chamber of lower Austria, has called for more mezzanine financing to support local SMEs, according to local press reports.
Acanthus promotes two
Wilf Wilkinson, Acanthus