News
Better Capital posts 42% NAV growth
Listed private equity firm Better Capital has posted 42.08% value growth combined NAV and distribution for Fund I.
Regulation threatens present and future of industry
Private equity professionals included a tax neutral regime on their Brussels wish-list at the European Private Equity and Venture Capital Association (EVCA) Symposium in Istanbul yesterday.
EVCA appoints first LP as chairman
George Anson, EVCA
Tikehau takes 35% stake in Duke Street
Duke Street has sold a 35% stake of itself to Paris-based investment firm Tikehau Group in an effort to boost the firm’s deal-by-deal model.
Langholm nearing exit from Tyrrells
Langholm Capital, private equity owner of UK-based Tyrrells, is one step closer to selling the crisp maker for £100m as first round bids come to a close.
PE-backed Aston Martin used as collateral for owner’s debt restructuring
British car-maker Aston Martin, which is part-owned by private equity firm Investindustrial, has been used as collateral by its majority backer, The Investment Dar (TID) in a fresh debt restructuring plan with creditors.
Lyceum hires two
Matthew Norrington, Lyceum Capital
Charterhouse considers Elior IPO
Charterhouse is considering the flotation of French catering business Elior, due to a lack of bids for the company reaching the firm’s €4bn asking price, according to the Financial Times.
S&P launches mid-market assesment service
As banks continue to hold back lending for mid-market companies, Standard & Poor’s (S&P) has launched a European credit benchmark for the neglected market segment.
unquote" Awards: More tips for entering
Entries for the unquote" British Private Equity Awards are due Friday 5 July. Meanwhile, here are eight tips from unquote" editor-in-chief Kimberly Romaine to improve your chances.
Axa PE and Fosun increase Club Med bid
Axa Private Equity and Fosun International have increased their offer to wholly acquire listed French holiday resorts group Club Méditerranée to €17.50 per share, up from the initial offer of €17 per share.
Charterhouse hires former Blackstone MD
Charterhouse has appointed Leif Lindbäck, a former managing director at Blackstone.
Octopus launches institutional venture fund
Octopus Investments has announced the launch of its first institutional investors fund.
Caird’s TM Lewin in potential £100m sale
TM Lewin, a London-based shirt maker backed by Caird Capital, could go up for sale with a £100m price tag, according to reports.
CVC Credit raises €350m for debt fund
CVC Credit Partners has placed €350m's worth of shares for its listed debt fund, CVC Credit Partners European Opportunities.
CVC raises €812m in bpost IPO
CVC-backed bpost started trading on the NYSE Euronext Brussels today, in an IPO valuing the business at €2.9bn.
Private equity circles D&G
Private equity firms including Blackstone, CVC and Clayton Dubilier & Rice are believed to be in a second round of bidding for Advent International's Domestic & General (D&G).
Key Capital Partners’ Dwell goes into administration
Furniture retailer chain Dwell has gone into administration, resulting in 23 store closures and 300 jobs shed.
Forward Investment Partners hires DFJ's Brisbourne
Forward Investment Partners, the venture arm of Forward Internet Group, has appointed former DFJ Esprit partner Nic Brisbourne.
3i loses private equity heads
3i partner and managing director David Whileman has resigned from the listed firm, while Nordic managing director Tomas Ekman is also stepping down.
Tax avoidance debate turns to private equity
Tax avoidance is top of the agenda for the G8 summit in Northern Ireland and part of that discussion will concern UK private equity’s treatment of corporation tax.
Unquote" Awards: Tips for entering
As the 5 July deadline for entries nears, unquote" is receiving lots of questions about the Awards. Here are some of the most popular queries and our responses.
France's FSN PME fund capacity axed by quarter
France's state-backed venture fund FSN PME will manage €300m overall, down from the €400m mentioned at the vehicle's launch in 2011.
LGT Capital Partners wins £100m mandate
Swiss alternative asset management company LGT Capital Partners has been awarded a £100m mandate from Kingfisher Pension Scheme.