News
Hogan Lovells hires team for new Luxembourg office
Law firm Hogan Lovells has hired two new partners, Pierre Reuter and Jean-Michel Schmit, to head its new Luxembourg office, which will open in the wake of the AIFMD transposition.
Credit Suisse appoints secondaries director
Mark McDonald, Credit Suisse
Hermes GPE's MacKay to step down
Alan MacKay, Hermes GPE
PE-backed Grohe circled by trade players
Plumbing fixtures manufacturer Grohe, which is owned by Texas Pacific Group Capital (TPG) and CSFB Private Equity, has attracted bids from a number of international trade players in an auction that could see the company fetch up to €4bn, according to...
Refinancings drive activity in loan market
Portfolio company refinancings accounted for 63% of loans issued across Europe in the first half of this year, while M&A activity made up just 32% of the total.
Nicole Farhi rescued from administration
Nicole Farhi, the private equity-backed high-end fashion retailer that went into administration earlier this month, has been bought out by businesswoman Maxine Hargreaves-Adams.
Fund managers in AIFMD staffing spree
Up to 58% of AIFMs are either employing or are considering employing additional back-office staff to help compliance preparations for the impending AIFM directive, according to a survey conducted by Kneip.
3i’s Hague joins LDC
Gordon Hague, LDC
JC Flowers to acquire Northern Rock loans
JC Flowers is preparing to buy £450m worth of loans from UK state-owned Northern Rock for an estimated £300m.
NorthEdge appoints Moore as CPO
David Moore, NorthEdge
Electra reinvests in Allflex as sale completes
Following the completion of the sale to BC Partners, Electra Private Equity has reinvested £57m in animal tags manufacturer Allflex in exchange for a 15% stake.
3i continues exit run
Listed private equity group 3i has reported £195m's worth of exits over the last quarter through the sale of Civica and the US listing of Quintiles – but made no new investments.
CVC strengthens Italian team
Andrea Ferrante, CVC
CMS Cameron McKenna’s Bull joins Norton Rose
Richard Bull, Norton Rose Fullbright
Private equity returns 13.6% for Calpers
US public pension fund Calpers' private equity investments have returned 13.6% in preliminary earnings for the 2012-2013 fiscal year.
Lexington wins Generali private equity stakes
Italy's largest insurer Assicurazioni Generali has agreed to sell its holdings in European leveraged buyout funds to Lexington Partners, according to reports.
Axa PE given green light for Club Med takeover
French regulatory body AMF has authorised Axa Private Equity and Fosun's joint bid for listed French holiday resorts group Club Méditerranée.
MML appoints Baker to UK team
Edward Baker, MML Capital Partners
DNA decides against buyout
Finnish mobile phone operator DNA has decided to hold off on a €1.3bn buyout, as "the market situation becomes clearer," according to a company statement.
Herkules nears first close for latest fund
Herkules Capital is believed to be approaching a first close for its latest fund.
3i bonuses to spark shareholder revolt
Ahead of 3i’s annual meeting on Thursday, shareholder lobby group PIRC is urging stakeholders to vote against the listed firm’s executive bonuses.
AIFMD adopted in Luxembourg
The AIFM directive has been adopted by the Luxembourg Parliament and will officially come into effect in the country’s law system on 16 July.
Cinven to relinquish control of Frans Bonhomme
Frans Bonhomme, a French plastic pipes specialist owned by Cinven, is reportedly about to be taken over by its creditors.