News
CVC strengthens Italian team
Andrea Ferrante, CVC
CMS Cameron McKenna's Bull joins Norton Rose
Richard Bull, Norton Rose Fullbright
Private equity returns 13.6% for Calpers
US public pension fund Calpers' private equity investments have returned 13.6% in preliminary earnings for the 2012-2013 fiscal year.
Lexington wins Generali private equity stakes
Italy's largest insurer Assicurazioni Generali has agreed to sell its holdings in European leveraged buyout funds to Lexington Partners, according to reports.
Axa PE given green light for Club Med takeover
French regulatory body AMF has authorised Axa Private Equity and Fosun's joint bid for listed French holiday resorts group Club Méditerranée.
MML appoints Baker to UK team
Edward Baker, MML Capital Partners
Herkules nears first close for latest fund
Herkules Capital is believed to be approaching a first close for its latest fund.
3i bonuses to spark shareholder revolt
Ahead of 3iтs annual meeting on Thursday, shareholder lobby group PIRC is urging stakeholders to vote against the listed firmтs executive bonuses.
AIFMD adopted in Luxembourg
The AIFM directive has been adopted by the Luxembourg Parliament and will officially come into effect in the country’s law system on 16 July.
Cinven to relinquish control of Frans Bonhomme
Frans Bonhomme, a French plastic pipes specialist owned by Cinven, is reportedly about to be taken over by its creditors.
Permira casts its net for Ewos
Permira has joined Bain Capital and Altor in the bidding war for Norwegian fish farmer Cermaqтs fish feed division Ewos.
Law firm RPC hires Ahark
Sukh Ahark, RPC
Private equity-backed Moncler to float
Luxury jacket maker Moncler, backed by Eurazeo and Carlyle, is to sell around 30% of shares in a flotation expected in December, according to reports.
Montagu to sell Host Europe for £400m
Montagu Private Equity is preparing its portfolio company Host Europe, a hosting and domain service provider, for a £400m sale that has attracted other private equity buyers.
Vion division attracts PE buyers
The €1.4-2bn sale of Netherlands-based Vion Food Group's ingredients division is attracting private equity buyers, according to reports.
Cerberus acquires 10 shopping centres in Germany
Cerberus Capital Management has bought a portfolio of 10 German shopping centres through an auction, according to reports.
Evercore establishes PCA business
Evercore Partners is establishing a private capital advisory (PCA) business to expand its global investment banking platform.
SEC lifts fund advertising ban
The Securities and Exchange Commission (SEC) has removed the prohibition on general solicitation and advertising for VC firms and PE houses when raising private funds in the US.
Markit moves into buyout valuations
Financial information services company Markit has launched Markit Portfolio Valuations – Private Equity, an independent valuation service for growth and buyout equity investments.
Listed funds' share prices jump 25%
Average listed private equity company share prices have risen 25% over the last year, and by 72% over the last three years, according to data published by the Association of Investment Companies (AIC).
AIFMD could result in fewer fund managers, says survey
A new survey by German software company Data Room Services and real estate firm Knight Frank reveals uneasiness about the upcoming Alternative Investment Fund Managers Directive (AIFMD) across markets in Europe.
UBS hires two in French mid-cap M&A team
Julien Pascal, UBS
BDC's Mezzo di Pasta enters safeguard procedure
Mezzo di Pasta, a French portfolio company of Bridgepoint Development Capital, has gone into "redressement judiciaire", a court-overseen safeguard procedure akin to the UK's receivership.
Carey Olsen appoints two partners
David Crosland, Carey Olsen