News
Colony Capital reshuffles European leadership
Jean-Romain Lhomme, Colony Capital
LDC eyes up Silverstone
Mid-market house LDC is discussing a potential management buyout of motor racing events operator Silverstone Circuits.
Eurazeo sees 2.1x return on divestments in H1 2013
Eurazeo made an average 2.1x multiple on €853m worth of disposal proceeds in the first half of this year, representing 23% of its portfolio.
Doughty looks to buy Teknon from Magnum
Doughty Hanson has entered negotiations to acquire Barcelona-based private medical clinic Centro Médico Teknon from Magnum Industrial Capital Partners, according to reports in the Spanish press.
BC’s Foxtons to raise £55m in flotation
London-based estate agent Foxtons, backed by BC Partners, is to float on the London Stock Exchange in September and plans to raise £55m in a sale of both new and BC-owned shares.
Phoenix looks to offload LK Bennett
Phoenix Equity Partners is in the initial stages of divesting high-end retailer LK Bennett as it sounds out City advisers.
Advent mulls Co-op insurance bid
Advent International has teamed up with former RSA Insurance boss Andy Haste to bid for Co-operative Group’s insurance arm.
OFT furniture probe embroils PE-backed retailers
The Office of Fair Trading (OFT) is investigating six furniture retailers, two of which are understood to be Sun European-backed Dreams, and Advent-owned DFS.
Adara launches second fund
Adara Venture Partners has started the fundraising process for its second fund, Adara Ventures II, with a target of $40m, according to a Form D filing with the US Securities and Exchange Commission (SEC).
Baker Tilly picks up RSM Tenon in pre-pack deal
Baker Tilly has acquired RSM Tenon’s trading business in a pre-pack deal following a write off of the embattled company’s £80m debt.
ProSiebenSat.1 sale fails to attract buyer
KKR and Permira’s efforts to exit German broadcaster ProSiebenSat.1 have hit a bump in the road as the buyout houses fail to find a buyer for their remaining shares.
VC-backed Whisbi to raise further venture funding
Spanish start-up Whisbi is looking to raise €10-12m in further venture capital financing from US- and UK-based investors, according to reports.
Texas retirement fund commits €40m to Nordic Capital VIII
The Texas County & District Retirement System (TCDRS) has committed €40m to Nordic Capital's latest vehicle.
Neeson joins SEP from Caird
Paul Neeson, SEP
ISS appoints Sir Charles Allen ahead of revived IPO
Danish facilities group ISS, backed by EQT and Goldman Sachs, has appointed Sir Charles Allen as chairman, suggesting the firm may once again revive plans for an IPO.
Cobepa set to buy Alpha's Babilou
Alpha Associés Conseil is in talks with Belgian investment firm Cobepa over the sale of Babilou, a France-based operator of corporate nurseries.
Terra Firma appoints head of investor relations
Terra Firma has appointed Lachmi-Niwas Sadani, whose resume includes stints at Apax and Axa Private Equity, as head of investor relations.
Altas Capital chairman steps down to focus on Blackstone
Atlas Capital chairman Claudio Boada Pallerés has stepped down to focus on his role as senior adviser for Iberia at Blackstone, according to Spanish publication Vozpopuli.
German minister calls for new stock market tier for start-ups
The German federal minister of economics and technology, Philipp Rösler, has called for a new stock market tier to increase IPO activity in Germany.
Almaz Capital hires two
Russo-American investor Almaz Capital has appointed Ross Hangebrauck and Daniil Stolyarov as managing director and investment director respectively.
KKR dives into maritime debt void
KKR has established Maritime Finance Company, a new business focused on the lending gap in the European shipping market.
Goldman to become Duke Street investor
Goldman Sachs is to invest around €100m in Duke Street and is also considering acquiring secondary stakes in the GP's 2007 fund.
EQT to appeal tax decision
As expected, EQT Partners will appeal the Swedish tax authority's decision to tax carried interest as income, presenting some of the firm's staff with a SEK 670m tax bill.
Confidence in European venture remains low, says survey
GPs still display low confidence in European venture, according to a new survey by Deloitte and the US's National Venture Capital Association (NVCA).