News
Sberbank and Credit Suisse abandon buyout fund plans
OAO Sberbank and Credit Suisse Group have abandoned plans to raise a $1bn buyout fund dedicated to private equity in Russia.
One Equity Partners considers Turkish chem business
One Equity Partners and the Turkish army pension fund Oyak have been bidding to buy a stake in Turkish chemicals firm Akdeniz Kimya, according to reports.
Quadriga to buy LR Health and Beauty Systems from Apax
Quadriga is the final bidder for German beauty products retailer LR Health and Beauty Systems (LR International), currently owned by Apax Partners, according to reports.
CVC and Charterhouse mull Ista exit
CVC and Charterhouse have hired Deutsche Bank and Goldman Sachs to advise on the sale of German utilities metering firm Ista, according to reports.
BGF appoints investment associate
The Business Growth Fund (BGF) has appointed Edwin Davies as an investment associate.
US investor circles Topshop
Sir Philip Green, the owner of British clothing retailer Topshop, is reportedly in talks with US-based private equity house Leonard Green & Partners LP for the sale of a 25% stake in the business.
Arle bolsters DACH team
Mid-cap GP Arle Capital Partners has hired two investment executives in its DACH-focused team.
VCTs launch; Puma offers incentive
This past week has seen a number of VCTs launch fundraises.
EU and Switzerland strike agreement on fund supervision
A new cooperation agreement between the Swiss and EU regulators allows information sharing regarding the cross-border operations of alternative investment funds.
Leonardo & Co reshuffles governance model
French investment banking firm Leonardo & Co has united its large- and mid-cap teams under a single structure, with a common management board and supervisory board.
Northern Trust expands alternatives business development team
Northern Trust has hired Edwin Parker into a newly-created role that will expand its alternative fund administration business.
Nordic PE investment fell in Q3
Private equity funds invested around тЌ1.1bn in the Nordics in the third quarter, тЌ750m less than in Q2, according to the Argentum Q3 2012 Report. The figures paint Q3 as the trough for the region this year.
Iris Capital opens North American and Asian offices
French venture capital firm Iris Capital has opened further offices in the US, Canada, China and Japan.
NTC Holdings further reduces stake in TDC
The holding jointly owned by Apax, Blackstone, KKR, Permira and Providence has sold 80 million shares in Danish telecommunications company TDC.
BC Partners and TPG given go ahead for OPAP tender
BC Partners and TPG are among the seven potential investors that have been cleared to continue to the next phase of a tender to buy a 33% stake in Greek lottery monopoly OPAP.
Leverage not a conclusive factor to explain insolvencies, academics say
Debt is not a conclusive factor in explaining insolvencies for portfolio companies, and PE-backed businesses do not carry more insolvency risk than other companies, according to new research by Imperial College London and Leeds University.
Electra Private Equity reduces discount to NAV
Electra Private Equity improved its discount to NAV ratio and recorded higher exit and investment activity in the past year.
LPEQ updates reporting guidelines
LPEQ has updated its reporting guidelines for listed private equity funds following feedback from stakeholders.
Better Capital still trades above NAV
Listed PE firm Better Capital has continued to trade above its NAV per share in the six-month period ending on 30 September 2012.
French private equity remains male-oriented affair
Although diversity has taken a timid step forward overall, investment teams in French private equity houses remain predominantly male, according to recent research by Deloitte and trade body AFIC.
Apollo negotiates stake in Aurum Holdings
Apollo Global Management has shown interest in acquiring a stake in British jewellery company Aurum Holdings, according to The Telegraph.
Investindustrial bids for Aston Martin
Italian GP Investindustrial has made an offer to acquire 50% of luxury sports car designer and manufacturer Aston Martin, according to reports.
Eaton joins Goodwin Procter London office
US law firm Goodwin Procter has appointed Ben Eaton as a partner in the firmтs London office. Eaton joins from a tax counsel position at Allen & Overy.
Ian Marwood to leave Grant Thornton
The head of Grant Thornton's corporate finance team in Leeds, Ian Marwood, is leaving the company at the end of the year.