News
Holiday deals round-up
European private equity saw an exceptionally busy Christmas period this year, with many investors wrapping up deals right at the end of 2012. Here’s a round-up of all the events of the last two weeks.
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European Commission adopts implementing rules for AIFMD
The European Commission has published the Level Two Delegated Acts for the Alternative Investment Fund Managers Directive (AIFMD), which will now have to be implemented on a national level by July 2013.
Beechbrook on the road for second €100m mezz fund
Mezzanine specialist Beechbrook Capital is currently marketing its second fund and is aiming to reach a first close on more than €60m in Q1 2013, unquote” has learned.
Headcount and turnover on the rise for French PE-backed businesses
French private equity-backed companies have seen their turnover and headcount grow by 9.1% and 5.2% respectively in 2011, according to a recent study by trade body AFIC and Ernst & Young.
KKR Europe promotes two to partnership
KKR has appointed Silke Scheiber (pictured) and Philipp Freise as partners in its European office.
Polaris promotes four
Nordic GP Polaris Private Equity has promoted Peter Maigaard, Rune Gornitzka and Martin BangтLУЖwgren to director positions, while Simon Wille has been promoted to investment manager.
Régie Linge Développement sale process stalled
The sale process of Sagard-owned Régie Linge Développement (RLD), a French business specialising in the rental and laundering of work wear, has reportedly stalled over debt concerns.
Government to investigate Comet collapse
Vince Cable is to launch an investigation into the demise of electricals retailer Comet, which had been bought by turnaround specialist OpCapita in November 2011 before going into administration a year later.
Adveq appoints executive director
Asset manager Adveq has promoted Sanjay Gupta to executive director.
PE funding gains traction with UK entrepreneurs
Nearly a third (31%) of UK entrepreneurs are considering private equity or venture capital to raise finance in 2013, according to 800 UK business leaders polled in a recent Baker Tilly survey.
BC Partners loses managing partner
BC Partners' Andrew Newington is understood to have left the firm due to disagreements over future strategy.
Advent Venture appoints new operating partner
Advent Venture Partners has appointed Ian Nicholson as an operating partner in its life sciences team.
BC Partners looking to sell Migros
BC Partners has entered negotiations with potential buyers for its remaining stake in Turkish supermarket chain Migros, according to reports.
Partners Group makes year-end senior management promotions
Partners Group has promoted two partners and eight managing directors to its senior management team globally as part of year-end promotions.
Activa Capital appoints two
French private equity firm Activa Capital has appointed Samuelle Thevenet and Charlotte Metaireau as finance director and marketing and communications manager respectively.
Nordic Capital execs lose tax case
Nordic Capital executives will have to pay income tax on their carried interest, a Swedish Court says.
SJ Berwin hires ex-3i tax specialist as consultant
Global law firm SJ Berwin has hired David Huff as a consultant.
Tikehau Group hires three
Tikehau Group, comprising Tikehau Investment Management (TIM) and Tikehau Capital Advisors (TCA), has hired Etienne Gorgeon, Frédéric Sallerin and Vincent Favier in its Paris office.
British PE firms circle Italy's Cerved
CVC and Permira have shown an interest in acquiring Milan-based corporate intelligence and rating agency Cerved, according to reports.
EBRD loans RUB 1.7bn to Orient Express Bank
The European Bank for Reconstruction and Development (EBRD) has provided Orient Express Bank (OEB) with a three-year loan totalling RUB 1.7bn.
Vision Capital promotes three in European office
Vision Capital has promoted Jonathan Guest and Konstantin Oelfke to associate and Daryl Cohen to partner in the firm's London office.
Warburg Pincus appoints Kranefuss as executive-in-residence
Warburg Pincus has appointed Lee Kranefuss as its new executive-in-residence (EIR).