News
CVC sells further shares in Evonik ahead of IPO
CVC and Rag Foundation have sold a further 4.6% stake in German chemicals business Evonik, reducing their stakes by around 6% each in total, ahead of a renewed attempt at listing the business.
LGV Capital to wind down portfolio
Insurer Legal & General has confirmed its private equity arm LGV Capital will stop making new investments, and will instead focus on managing and eventually divesting its existing portfolio.
Gimv's Verbinnen winds up
Gimv-backed Belgian food processing business Verbinnen Poultry Group has filed a petition to wind up on 25 February 2013 after failing to find a buyer.
Ingenious Ventures joins forces with BBH's Zag
Ingenious Ventures is teaming up with Zag, the corporate venturing arm of global advertising agency BBH, to invest in the British creative industry.
Equistone seals Brétèche Industrie deal
Equistone has completed the acquisition of a majority stake in French food machinery business Groupe Brétèche from Azulis Capital and Unigrains.
Partners Group reshuffles executive team
Partners Group has announced plans to reshuffle its board of directors and executive team, including the appointment of two new co-CEOs.
HgCapital Trust sees NAV rise by 15% in 2012
HgCapital Trust, the listed vehicle investing in all of Hg's private equity transactions, has reported a 15% increase in NAV per diluted share over the course of 2012.
Phillimore appoints Olivier Grandry as partner
French private equity investor Phillimore has appointed Olivier Grandry as a partner.
Russian Direct Investment Fund seeks partnership with Germany
State-backed Russian Direct Investment Fund (RDIF) is looking to form a strategic partnership for co-investments with Germany, according to reports.
Duff & Phelps appoint new partner to Leeds office
Duff & Phelps has appointed Jeremy Bennet as partner to lead the firm's new Leeds office.
Ogier opens Luxembourg office
Ogier Fiduciary Services, a provider of corporate, fund and private wealth administration services, has opened an office in Luxembourg.
LDC CEO becomes chairman of E2Exchange
LDC CEO Darryl Eales has been appointed chairman of E2Exchange while entrepreneur Hugh Chappell joins the company's board as director.
N+1 launches investment banking activity in Germany
The N+1 group, which includes Spanish GP N+1, has teamed up with German professionals to launch M&A and debt advisory services in the local mid-market.
Blackstone et al. circle Electra's Allflex
Electra Partners' livestock identification company Allflex has attracted interest from a dozen private equity firms, including Blackstone, Carlyle and Bain Capital, according to reports.
EQT appoints Nieuwenburg as new Benelux head
EQT Partners has appointed Kristiaan Nieuwenburg as partner and head of its Benelux operations.
Moleskine to list this month
Notebook and diary brand Moleskine, owned by Italian GP Syntegra, will list on the Milan stock exchange this month.
Sun European Partners leads Dreams race
Sun European Partners looks close to acquiring UK-based beds retailer Dreams for around ТЃ35m.
Mobeus strengthens team
VCT funds manager Mobeus Equity Partners has expanded its investment team, promoting one and appointing four.
Penta Investments opens Munich office
Penta Investments has opened an office in Munich and appointed Thomas von Werner as country managing director.
HIG Capital in talks with Ribera Salud
HIG Capital has entered into negotiations to buy Ribera Salud, a Valencia-based provider of healthcare services, according to reports in the Spanish press.
KKR reshuffles team ahead of new fund launch
KKR will see two partners, Jacques Garaialde and Reinhard Gorenflos, depart before raising its next European fund, according to reports.
Investec in €10m Explore Learning refinancing
Investec Growth & Acquisition Finance has provided a ТЃ10m financing facility to support Explore Learning, a UK-based academic tuition provider backed by Graphite Capital.
Better Capital sells ATH debt after 3-month holding
Better Capital has reaped тЌ5m after selling its debt holding in struggling coal mining business ATH Group.
Axa Private Equity arranges €220m unitranche for IPH buyout
Axa Private Equity has arranged a €220m unitranche debt facility for the secondary buyout of industrial supplies distribution company IPH by PAI partners – a transaction which saw vendor Investcorp reap a €210m windfall.