News
Vertis to launch €60m fund
Italian venture capital firm Vertis is to launch a new fund in June 2013.
Pantheon backs boost to ethnic minority ranks in PE
Pantheon has teamed up with non-profit organisation Sponsors for Educational Opportunity (SEO) in a bid to encourage ethnic minority college undergraduates to pursue a career in private equity.
Triton Partners closes fund on €3.3bn
Triton Partners is thought to have closed its latest fund, Triton Fund IV, on €3.3bn, setting a record for a German-based GP.
Langholm Capital puts Tyrrells up for sale
Private equity firm Langholm Capital has put crisps brand Tyrrells up for sale, according to a source close to the situation.
L Capital and LDC show interest in Joules
LDC and L Capital, the private equity fund of luxury goods giant LVMH, are among investors interested in acquiring a stake in British fashion retailer Joules, according to the Independent.
Merck increases MS Ventures commitment
Merck Group has topped up its strategic venture capital fund MS Ventures with an additional €60m commitment and created an investment affiliate to specifically manage the vehicle.
HgCapital holds back on Schleich sale
HgCapital has postponed the sale of Schleich, a German maker of figurines and Smurf toys.
LBO France to start fundraising after year-long delay
LBO France is seeking around €1bn for its White Knight IX fund, almost a year after it was expected to launch.
3i reports 11.5% NAV increase
3i has seen its NAV per share rise 11.5% over the past 12 months, and says it is making significant progress to turn around the business.
NBGI appoints food & drink industry veteran as senior adviser
UK-based NBGI Private Equity has announced the appointment of Tim Kelly т who has previously worked for Hovis, Coca-Cola Enterprises and Guinness Bass Import т as a senior adviser.
Dunedin's Derry to chair ICAEW corporate finance faculty
The ICAEW Corporate Finance Faculty has appointed Giles Derry, a partner at Dunedin, as its chairman т marking the first time a private equity professional has held the role.
Law firm Edwards Wildman Palmer opens in Istanbul
Private equity-focused law firm Edwards Wildman Palmer (EWP) is set to open an office in Istanbul, covering the CEE and MENA regions in addition to the Turkish market.
Connection Capital hires investment director
Connection Capital has appointed Miles Otway as investment director.
Dubai International's Mauser extends 96% of debt
German industrial packaging manufacturer Mauser, which is owned by Dubai International Capital, has extended the maturities of 96% of its €695m senior debt, revolver and acquisition facilities.
CVC-Betfair deal collapses
CVCтs potential takeover of gambling group Betfair has collapsed, with both sides unable to agree on financial terms.
CVC to make second bid for Betfair
CVC is to make a new bid for online gambling business Betfair by 5pm today, according to media reports.
KCP promotes Thomas to investment director
Key Capital Partners (KCP) has promoted Richard Thomas to investment director at its Birmingham office.
Cinven's Partnership Assurance to float on LSE
Partnership Assurance Group (PAG), a financial advisory company owned by Cinven, has announced plans to float in London in June, in an IPO that could reportedly value the business at up to £1bn.
Carlyle to raise global fund target
Carlyle is expecting to reach the $9bn mark for its latest global fund within this quarter and may even raise it to $12bn, dwarfing its European vehicle, which is expected to close on €3bn, according to reports.
HIG Capital targets €760m for second Europe fund
HIG Capital has officially launched its second Europe fund, HIG Europe Capital Partners II, with a target of around €760m, according to documents filed with the US's Securities and Exchange Commission (SEC).
PEF, Impetus Trust announce new board ahead of merger
Private equity charities Private Equity Foundation and Impetus Trust are banding together to create a 14-strong board.
Partners Group and Perennius integrate Italian activity
Partners Group and Perennius Capital Partners have announced the integration of their investment and client services activity in Italy.
Ratos reaps SEK 898m exit proceeds in Q1
Listed private equity house Ratos made SEK 898m in exit gains and SEK 798m in net profits in the first quarter, according to the company's latest report.
Mandarin Capital Partners to invest in DACH region
Sino-European investor Mandarin Capital Partners (MCP) has opened a Frankfurt office as part of its widened focus.