News
Marlborough opens in Frankfurt; names 3i’s Ehrler as partner
Markus Ehrler, Marlborough
PE firms circle Deutsche Telekom internet portal
Scout24, the internet portal owned by Deutsche Telekom, has attracted the interest of PE firms looking to buy a minority stake in the company.
Bankia to divest private equity portfolio
Bankia is to sell a portfolio of private equity funds and unlisted equity investments.
VC-backed Shazam raises $40m from America Movil
Music discovery company Shazam has received a $40m capital injection from wireless carrier America Movil.
Lebus replaces Armitage as LPEQ chairman
Andrew Lebus, LPEQ
French PE still outperforms rest of continental Europe
French private equity funds have returned 8.6% since inception, according to the latest performance figures published by local trade body AFIC.
Rabo Capital looks to sell DORC
The private equity division of Rabobank, Rabo Capital, is planning to sell portfolio company Dutch Ophthalmic Research Centre (DORC).
IK mulling sale of Axtone
IK Investment Partners is reportedly planning to exit Axtone, a Polish rail freight buffer manufacturer.
Dwell bought back by founder
Dwell, a UK-based furniture chain backed by Key Capital Partners that went into administration at the end of June, has been bought back by founder Aamir Ahmad.
ECI eyes £150m sale of CarTrawler
ECI Partners is preparing its Dublin-based portfolio company CarTrawler for a possible auction that could value the business at £150m, according to reports.
Private equity firms circle Card Factory
UK greetings card retail chain Card Factory, backed by Charterhouse Capital Partners, has attracted interest from Advent International, KKR and Clayton Dubilier & Rice.
Carey hires new director for fund admin division
Joe Truelove, Carey Group
Kelso's Nicole Farhi goes under
High-end fashion company Nicole Farhi, backed by Kelso Place, has gone into administration.
Terra Firma’s Deutsche Annington holds off on IPO
German housing company Deutsche Annington Immobilien (DAI), which is backed by Terra Firma Capital Partners, has reportedly postponed its €1.1bn IPO on the Frankfurt Stock Exchange due to low investor demand.
Axa PE-backed Saur in debt-for-equity swap
Saur, a French water company backed by Axa Private Equity and sovereign wealth fund FSI, will be taken over by its lenders later this month.
Gores’ Hammad to lead Flybe
Saad Hassan Hammad, managing director of operations for Gores Group, has been appointed as budget airline Flybe’s latest CEO.
Idinvest acquires stake in VC firm KLS
Idinvest Partners has acquired a stake in Kurma Life Sciences Partners (KLS) from the private equity arm of Natixis bank.
Innocenzo Cipolletta takes up Fondo Italiano presidency
Fondo Italiano di Investimento has announced its new board of directors, with Aifi's Innocenzo Cipolletta as president.
CVC appoints Benelux and TMT adviser
CVC Capital Partners has appointed Tenet chief executive Duco Sickinghe to its Benelux and TMT advisory boards.
Popular high-yield bond market shrinks refinancing wall
A new report has found that amend-and-extend activity has reduced the expected 2014-2015 refinancing wall.
Rabobank's Robeco snapped up by Orix
Robeco Group, the private equity arm of Dutch bank Rabobank, has been acquired by Tokyo-based financial services group Orix Corporation for €1.9bn (JPY 251bn).
Investec provides £110m debt package to Sun's Paragon
Investec Growth & Acquisition Finance has provided a £110m integrated debt facility to refinance the acquisition of Paragon Print & Packaging by Sun European Partners.
Blackstone and Lion eye Lucozade and Ribena
Blackstone and Lion Capital are to join forces and make a formal bid exceeding £1bn for Lucozade and Ribena, owned by GlaxoSmithKline, according to reports.
CVC forced to turn investors away
CVC Capital Partners has raised more than €10.5bn and can no longer accept investments from LPs wanting to commit to its sixth fund.