News
Apex Fund Services opens Guernsey office
Apex Fund Services has announced the opening of a new office in Guernsey to leverage on concentrated industry expertise in the jurisdiction.
Piaseki becomes principal in Silverfleet promotions
Silverfleet Capital has promoted three members of its investment team in London and Paris.
Herkules Capital's Pronova BioPharma receives takeover bid
Herkules Capital's Norwegian portfolio company Pronova BioPharma has received a voluntary cash offer from German chemicals company BASF SE.
Italian GPs circle Pirelli
Clessidra and Investindustrial are in exclusive talks over the holding company that indirectly controls Italian tyre manufacturer Pirelli.
Warburg Pincus-backed Premier Foods to cut 900 jobs
Warburg Pincus portfolio company Premier Foods has announced plans to shut down two bakery sites in Greenford and Birmingham next year, in addition to the previously announced closure of its Eastleigh bakery. The decision will result in 900 job losses...
Azulis Capital to sell Bretèche Industrie
Azulis Capital and Unigrains are looking to sell French food machinery firm Bretèche Industrie, according to reports in the local press.
Italy and Qatar launch €2bn joint venture
Fondo Stategico Italiano, the €4bn fund launched by the Italian government in 2011, has teamed up with Qatari holding company Qatar Holding LLC to form IQ Made in Italy Venture.
KIC InnoEnergy and Sting join forces
Sting (Stockholm Innovation and Growth) is teaming up with KIC InnoEnergy Sweden to offer development support to Stockholm-based start-ups within the renewable energy sector.
Siparex raises €110m on way to €150m target
French mid-cap investor Siparex has already raised €110m for its MidMarket III fund, which held a €90m first close in September.
Forbion hires scientific advisers
Forbion Caital Partners has appointed Dr Kapil Dhingra and Prof John Kastelein as scientific investment advisers to its various funds.
CMS restructures UK & CEE private equity team
CMS Cameron McKenna has restructured the leadership of its private equity teams for the UK and Central and Eastern Europe.
Charterhouse to sell Ista
Charterhouse Capital Partners and CVC Capital Partners are looking to sell German energy-metering business Ista International for more than €3bn, having already attracted staple financing offers of €2bn from banks, according to reports.
JPEL aims to boost price with share buyback
J.P. Morgan Private Equity Ltd (JPEL) has completed a $20m coordinated share repurchase programme as part of the firm's recently announced strategic initiatives to lift the price of its shares.
Alvarez & Marsal hires managing director for new transaction advisory
Alvarez & Marsal has hired managing director Jürgen Zapf to lead a new dedicated transaction advisory group (TAG) at the firm's Munich office.
EIF commits €20m to Aster Capital cleantech fund
The European Investment Fund has committed €20m to the French cleantech venture fund Aster II.
HitecVision hires senior partner
Norwegian GP HitecVision has hired Alf Thorkildsen as senior partner.
3i on track with restructuring plan
3i says it is continuing to make progress in reducing its cost and debts as part of its restructuring plan announced in June.
La Caixa launches new €23m fund
Spanish bank La Caixa has launched its new fund, Caixa Innvierte Industria, which attracted €23m in commitments and will be managed by Caixa Capital Risc, according to reports in the Spanish press.
Kennet Partners hires finance director
Technology-focused growth equity investor Kennet Partners has hired Neil Cooper as finance director.
DN Capital appoints two venture partners
DN Capital has added two venture partners to its teams in the UK and Germany.
Apollo officially launches new $12bn fund
Global private equity house Apollo Global Management has started marketing its eighth buyout fund with a $12bn target, co-founder Josh Harris announced during a presentation at the Bank of America Merrill Lynch Banking and Financial Services conference...
Dechert appoints new partner
Dechert has appointed Patrick Goebel as partner in the firm's financial services and investment management division in Luxembourg.
BC Partners and TPG circle Greek lottery business
BC Partners and TPG Capital are among the potential bidders for a 33% stake in Greek lottery monopoly OPAP, put up for sale by the country's Hellenic Republic Asset Development Fund (HRADF).
Nomura targets PE-like returns with new index
Nomura and QES (Quantitative Equity Strategies) have launched the daily investible long-only index PERI (Modelled Private Equity Returns Index).