News
DPE closes second fund on €350m
Deutsche Private Equity (DPE) has closed its second fund on €350m and acquired its French partner Parcom, according to reports.
TPG mulls listing of Grohe Group
TPG-backed Grohe Group, a supplier of bathroom and kitchen products, is considering an IPO after a lengthy nine-year holding period.
Altius appoints senior associates
Funds-of-funds manager Altius Associates has appointed Jeffrey Kopocis and Arnaud Garel-Galais (pictured) as senior associates in its global investment team.
Disgraced Crosby steps down from Bridgepoint role
Sir James Crosby has stepped down from his role on Bridgepointтs European Advisory Board following a report into his role in the collapse of UK bank HBOS.
Enterprise makes 9x on Kruk
Central European investor Enterprise Investors has fully exited its investment in Kruk after a 10-year holding period.
CVC to list shares in bpost
CVC Capital Partners plans to list its shares in Belgian postal service bpost on the stock market and has already appointed banks to coordinate the sale, according to reports.
Record dry powder to expire in 2013, says Triago
Despite an expected increase in capital calls this year as GPs put more money to work, nearly $15bn worth of LBO commitments could be left unused and returned to investors in 2013, according to placement agent Triago.
CVC in court over $800m beer tab
CVC Capital Partners’ sole deal in Central & Eastern Europe – the local breweries of Anheuser-Busch InBev, StarBev – may leave the GP with a nasty hangover after court filings revealed AB InBev is seeking earn-out money following CVC’s subsequent sale...
Idinvest appoints partner in Paris
Idinvest Partners has promoted Olga Koulechova to partner in its Paris office.
Sarkozy meets with Spanish bankers for private equity fund
Former French president Nicolas Sarkozy has met with Spanish bankers ahead of the launch of a €1bn private equity fund, according to reports in the local press.
Charterhouse and CVC's Ista receives second round bids
Charterhouse and CVC Capital Partners are receiving second round bids for German energy-metering firm Ista, in an auction that could fetch €3bn, according to reports.
DLA Piper survey highlights rise of unitranche
Unitranche financing is predicted to be the most popular form of debt funding after senior-only provision in 2013, according to a new DLA Piper survey.
France Telecom moves forward on EE sale
France Telecom has reportedly hired banks to advise on the dual-track sale process of mobile operator Everything Everywhere (EE), which attracted private equity interest last summer.
LDC appoints Farren to Yorkshire team
LDC has appointed Joe Farren as an investment director in its Yorkshire office.
Astorg seals Areva unit purchase
French GP Astorg Partners and energy company Areva have signed an agreement for the takeover of Canberra, Areva’s US-based nuclear measurement subsidiary.
Steadfast promotes Buschmann and Geiger to partnership
Steadfast Capital has promoted Kay Buschmann and Markus Geiger to partners.
Lise Nobre joins Parvilla as fundraising continues
Mid-market fund-of-funds Parvilla has hired former PAI partners deal-doer Lise Nobre as a partner.
Founder of CEE GP Penta steps down
Martin Kúšik, the co-founder of central European investment group Penta Investments Group, will end his operational involvement in the firm he set up in 1994.
Cécile Mayer-Lévi leaves Axa Private Equity
Cécile Mayer-Lévi, the co-head of Axa Private Equity's private debt operations, has left the firm.
KKR close to €650m SMCP deal
US buyout giant KKR is in talks to buy French clothing brands Maje, Sandro and Claudie Pierlot – regrouped under the SMCP holding – for €650m, according to media reports.
BVCA chairmanship passes to Fidelity's Clark
Simon Clark, managing partner at Fidelity Growth Partners Europe, succeeds Robert Easton, managing director and co-head of Carlyle Europe Technology Partners.
EVCA map to highlight PE's international role
The European Private Equity & Venture Capital Association (EVCA) has launched a new interactive map to highlight private equity's role in the European economy.
DBAG reshuffles supervisory board
German mid-market listed investor DBAG has re-shuffled its supervisory board at its annual meeting this week, electing Wilken von Hodenberg as the new member succeeding Günther Langenbucher.
Coller names Jones as CEO
Secondaries specialist Coller Capital has named extant deputy CIO Tim Jones as CEO, a new role for the firm. Founder Jeremy Coller becomes executive chairman and will remain CIO.