News
TA Associates promotes three
Mid-market investor TA Associates has made three promotions across its London, Boston and Mumbai offices.
PE and venture houses converging on growth
Buyout houses and venture capitalists are increasingly moving into the growth capital space due to pressure in their normal market segments, according to Taylor Wessing.
Partners Group poised to buy stake in Softonic
Switzerland-based GP Partners Group is set to buy a 40% stake in software download portal Softonic – Spain’s most visited website – for €110m, according to reports in the local press.
Mitsui invests in Globalturk-backed Tempo
Japanese investment company Mitsui has taken a minority stake in Turkey-based Tempo Call Center Company.
Nicolas Sarkozy rebuffs rumours of private equity move
The entourage of Nicolas Sarkozy has dismissed claims that the former French president is looking to launch a €1bn private equity fund.
Pantheon appoints partner in infrastructure team
Pantheon has appointed Andrea Echberg as partner in charge of its European infrastructure business.
EQT pulls Springer Science sale
EQT has postponed plans to sell German scientific publisher Springer Science & Business Media, according to reports.
BNP spin-out spawns Glennmont
BNP Paribas has become the latest bank to shed its private equity unit, as its clean energy division spins off to become Glennmont Partners.
Hertfordshire County Council commits £280m to LGT
LGT Capital Partners has received a £280m mandate for its multi-alternatives offering from the British Hertfordshire County Council.
Palamon elects two partners
London-based private equity firm Palamon Capital Partners has promoted Jean Bonnavion and Ricardo Caupers to partners.
Arle looking to sell Hilding Anders
Arle Capital Partners is considering a sale of Swedish mattress manufacturer Hilding Anders, according to reports.
Advent to sell shares in airport retailer Dufry
Advent International is understood to be looking to sell 3.9 million shares in listed Swiss airport retailer Dufry, a transaction that could be valued upwards of €350m.
Vorndran Mannheims Capital appoints investment manager
Vorndran Mannheims Capital (VMCap) has promoted Markus Köllmann to investment manager.
HMV attracts private equity interest
A number of private equity firms have contacted HMVтs administrator Deloitte regarding a potential acquisition of the stricken firm, according to reports.
PE firms eye French gas storage business TIGF
Two bidder groups including AXA Private Equity and CDC Infrastructure have emerged in the sale of Total's gas storage unit Transports Infrastructures Gaz France (TIGF), according to reports.
Turkish snack chain hopes to raise $500m through PE
Turkish snack chain Simit Sarayi has entered negotiations with US investor Colony Capital and Dubai's Abraaj Capital for the sale of a minority stake in the business, according to reports.
EIF and Oquendo to launch €100m Iberian fund
Spanish bank Banca March, the European Investment Fund (EIF) and Spanish Iberian mezzanine provider Oquendo Capital are to raise a fund to back local SMEs, according to local reports.
UK spin-offs are undersold – report
Corporate spin-offs could result in bargains for private equity buyers as many firms selling non-core units are focused on a speedy cash injection rather than long-term strategic objectives, according to research from Ernst & Young.
BGF appoints former Advent partner as investment director
The Business Growth Fund (BGF) has appointed Rory Pope, a former partner at Advent International, as investment director for London and the south east.
McDermott Will & Emery promotes two in Paris office
Law firm McDermott Will & Emery has promoted Nicolas Lafont (pictured) and Lionel Lesur to partner positions in its Paris office.
KPMG survey highlights importance of management expertise in buyouts
A survey conducted by KPMG and Directorbank shows that businesses look for management expertise when selecting a private equity backer.
Gleacher Shacklock appoints new partner
British corporate advisory firm Gleacher Shacklock has appointed Richard Slimmon as a partner.
Beechbrook promotes Boorsma to partner
UK-based mezzanine provider Beechbrook Capital has promoted Michiel Boorsma from principal to partner.
CVC and RBS sell $290m stake in Samsonite
CVC Capital Partners and the Royal Bank of Scotland (RBS) have sold a $290m stake in Hong Kong-listed luggage brand Samsonite International, according to reports.