News
Axa PE to arrange unitranche for IPH buyout
PAI partners is believed to be looking to raise a €180m unitranche facility from Axa Private Equity to finance its buyout of industrial supplies distribution company IPH.
3i to offload more assets
3i is looking to sell at least four of its portfolio companies, according to reports, as it continues to refocus its strategy.
Dutch GPs eye Belgian printing company Xeikon
Gilde and Waterland Private Equity are said to be circling Belgian digital printing company Xeikon, according to local press.
Ex-BVCA chair Nash becomes schools minister
Former British Venture Capital Association (BVCA) chair John Nash has been appointed schools minister.
NVT and Northern 2 VCT seek £8m
Northern Venture Trust (NVT) and Northern 2 VCT have launched a linked top-up offer to raise up to ТЃ4m for each fund.
3i finalises Norma Group exit
3i has sold its remaining 16.7% stake in listed German business Norma Group AG, bringing its total return to 5.5x.
ADM Capital et al. looking to exit Turkish hospital
An investor group including ADM Capital, Dutch pension fund PGGM and the International Finance Corporation (IFC) are looking to exit Turkish hospital chain Universal Saglik Yatirimlari, according to reports.
Butler-backed Virgin Megastore files for insolvency
Virgin Megastore, a French retail chain backed by turnaround investor Butler Capital, has filed for insolvency.
Apax France strengthens team
French mid-cap GP Apax France has promoted four team members and hired a chargé d'affaires.
Better Capital in joint venture with NPRF
Better Capital and the National Pensions Reserve Fund of Ireland (NPRF) have agreed to join forces and create a тЌ100m turnaround fund to invest in distressed Irish businesses.
AlixPartners promotes eight across European offices
Advisory firm AlixPartners has promoted three team members to managing director and another five to the position of director.
Intervale Capital-backed Proserv in $215m refinancing
US-based oil and gas investor Intervale Capital's Scottish portfolio company Proserv has received a $215m refinancing package from Lloyds Bank Commercial Banking Acquisition Finance.
Kramer Levin promotes Dominique Penin to partner
French business law firm Kramer Levin has elected Dominique Penin as a partner.
PPF Group regains control of private equity operation
CEE-focused financial services group PPF Group has acquired 27.5% of its own private equity funds business from Italian insurer Assicurazioni Generali.
Groupama completes disposal of private equity unit
French insurer Groupama has sold Acto Mezzanine and fund-of-funds Quartilium – the remaining entities of Groupama Private Equity – to ACG Private Equity.
Better Capital's Reader's Digest to undergo restructuring
Better Capital portfolio company Readerтs Digest UK is to undergo a restructuring via a company voluntary agreement (CVA).
LBO France hires new director
French private equity firm LBO France has appointed Vincent Briançon as a director.
Advent's Maxam completes €280m refinancing
Maxam, a Spanish explosives manufacturer backed by Advent International, has taken out a €280m syndicated loan to refinance debt and fund expansion.
Terra Firma looking to sell Odeon
Terra Firma is again looking to sell cinema chain Odeon & UCI Group in 2013, potentially raising up to ТЃ1bn, according to reports.
Accent Equity Partners hires two
Accent Equity Partners has hired David Zytomierski and Marcus Jennekvist as analysts in its Stockholm-based investment team.
One Equity Partners merges portfolio companies
One Equity Partners has combined its two packaging portfolio companies Schoeller Arca and Linpac Allibert.
Groupama edges closer to PE arm disposal
French insurer Groupama has sold an 82% stake in the two funds managed by its private equity arm Acto Capital.
Private equity firms eye SEK 2bn Swedish cinema deal
Swedish media and publishing group Bonnier has appointed Nordea to advise on the sale of the SF cinema chain, which could reportedly be worth up to SEK 2bn.
SJ Berwin opens Luxembourg office
SJ Berwin has opened an office in Luxembourg, which will focus on corporate finance, private equity, funds and tax.