News
Calculus hires new investment director
Richard Moore, Calculus Capital
UK private equity industry proves downturn resilience
UK private equity and venture capital funds generated a 6% 5-year IRR during the five years throughout the financial crisis, outperforming the 2.5% achieved by the FTSE All-Share, according to a recently published study.
EIF and KOSGEB launch €250m Turkish fund-of-funds
The European Investment Fund (EIF) and the Small and Medium Enterprises Development Organisation of Turkey (KOSGEB) have established a Turkey-focused fund-of-funds targeting €250m.
Apax to lead GFI Informatique takeover
Apax France and listed fund Altamir Amboise have announced plans to lead a takeover offer for French listed IT business GFI Informatique.
Sovereign Capital appoints investment executive
Peter Shaw, Sovereign Capital
Cinven's Avio Spazio attracts trade buyers
Preliminary offers for Avio Spazio, owned by Cinven and Italian defence group Finmeccanica, are expected by the end of June according to reports in the local press.
AA and Saga looking to refinance, then split
The AA group and Saga, backed by CVC, Charterhouse and Permira, are to issue a long-term bond to refinance £4bn of bank debt, which could lead to a break-up.
unquote" Awards: Call for entries
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BC brings in the banks for Foxtons float
BC Partners has hired Credit Suisse, Numis Securities and Canaccord Genuity to handle the flotation of London estate agency Foxtons.
PAI's Zinsou to retire; succession plans underway
PAI partners' chief executive Lionel Zinsou is to step down in 2015 as the private equity house draws up its succession plans.
Pirelli chairman strengthens grip on company with Clessidra backing
Italian GP Clessidra has joined forces with Intesa Sanpaolo and Unicredit to back Marco Tronchetti Provera, chairman of tyremaker Pirelli, in the acquisition of further shares in the company.
EQT's Springer Science aiming to raise €760m in IPO
Springer Science, a German publishing business owned by EQT, has confirmed plans to list on the Frankfurt Stock Exchange before the summer break.
CVC's bpost shares to sell for €12.5-15
Shares in bpost, the Belgian postal service backed by CVC, will sell for €12.5-15 in the business's upcoming IPO, according to reports.
VC-backed Cardio3 announces IPO plans
Belgian biopharmaceutical company Cardio3 Biosciences, which is backed by a consortium of venture capital firms, has announced that it is considering listing new shares in an IPO.
Investec GAF appoints Davidson
Investec Specialist Bank has appointed Grant Davidson to its growth & acquisition finance team.
Lion cleared to sell Ad van Geloven stake to Avedon
Lion Capital has received clearance from the European Commission to sell a stake in Dutch frozen snack company Ad van Geloven to Avedon Capital Partners.
Major refinancing underway for Eurazeo's Elis
Elis, a French professional clothing business owned by Eurazeo, has placed a €450m high-yield bond as part of a significant refinancing effort.
WestBridge appoints new senior investment manager
WestBridge Capital has hired Pascal Wittet as senior investment manager following the firmтs recent move to London.
KKR looks to open Spanish office
KKR is considering opening a Spanish office to oversee its local activity.
EQT establishes holding company
EQT has established EQT Holdings AB, under which it will organise its operations, fund administration and investments in general partners.
CapMan completes Cardinal Foods exit
CapMan has completed the sale of Cardinal Foods to CapVest and a company formed by Swedish agricultural cooperative LantmУЄnnen Group.
CD&R in potential Balfour and Rentokil deal
Clayton Dubilier & Rice is in talks over a potential merging of the office maintenance business of Balfour Beatty and Rentokil Initial.
Carlyle to gain full control of AlpInvest
Carlyle has agreed to buy the remaining 40% stake in fund-of-funds manager AlpInvest, gaining full ownership of the business.
Sun European Partners in £23m Dreams debt pay-off
Sun European Partners is understood to have repaid ТЃ23m to creditors of Dreams, the UK-based bed retailer it acquired in a pre-pack deal in March.