News
Palamon appoints new MD
Palamon Capital Partners has hired John David as managing director in charge of the firm's investment strategy.
Carlyle back in the black
The Carlyle Group reported net income of $219m in Q3, returning to profit after last year's loss of $191m.
BGF recruits LDC's Swarbrick
The Business Growth Fund (BGF) has appointed LDC senior director John Swarbrick as head of portfolio.
US firm poaches Allen & Overy PE co-head
US law firm Simpson Thacher & Bartlett has hired Derek Baird т currently the global co-head of Allen & Overyтs (A&O) private equity sector group т as a partner in the corporate practice of its London office.
Partners Group completes secondary share offering
Partners Group has successfully sold an additional 3,350,001 shares at CHF 183 per share on the SIX Swiss Exchange.
Eurazeo and IDI post positive figures for Q3
French listed PE players Eurazeo and IDI have seen an uptick in their NAV per share in the three months between June and September.
EdRIP to make 10x on Vessix sale
Edmond de Rothschild Investment Partners (EdRIP) stands to reap a sizeable 10x return on its original investment in US-based Vessix Vascular, following the $425m sale of the business to trade player Boston Scientific Corp.
Carlyle gives up on Chemring
Carlyle has decided against bidding for British listed military supplier Chemring, following two deadline extensions.
Swedish authorities continue to press for tax change
Sweden's tax authorities are vehemently pushing for a change in the taxation of proceeds for private equity fund managers.
Permira and SVG cash in on Galaxy Entertainment
Permira has sold its remaining stake in Hong Kong listed casino and hotel operator Galaxy Entertainment Group.
JP Morgan aiming to boost PE division
JP Morgan Private Equity (JPEL) has announced measures to increase capital returns to shareholders, which the firm says have been limited since the financial crisis.
PE-backed Cortefiel refinances €1.3bn debt
Spanish clothing retailer Cortefiel, backed by CVC, Permira and PAI partners, has refinanced €1.3bn worth of debt, according to reports in the Spanish press.
Pangea Investors appoints new affiliate partner
Pangea Investors has hired Paul Bijleveld as an affiliate partner in the firm's London office.
Police investigate 2007 sale of Valentino to Permira
Italian police have seized assets worth €65m from the Marzotto family and its business associates under suspicion of tax evasion connected to the 2007 sale of Valentino to Permira, according to reports.
AXA PE opens Beijing office
AXA Private Equity has opened an office in Beijing, its first in China.
Silicon Valley Bank provides credit to Carlyle's The Foundry
Silicon Valley Bank (SVB) has provided a new credit facility to Carlyle's software holding The Foundry.
Piper names two brand experts to team
UK consumer brand specialist Piper Private Equity has appointed two associate partners.
Partners Group to increase direct investments
Partners Group plans to generate CHF 300m for direct investment through listing privately held shares in a bid to meet clients' interests.
Caledonia hires associate director for unquoted division
Caledonia Investments has hired Sally Flanagan as associate director of its private equity and venture capital pool.
Lion's £1.2bn partial sale of Weetabix completes
Bright Food's purchase of a 60% stake in Weetabix from Lion Capital is the largest overseas transaction ever by a Chinese company in the food and beverage sector.
EQT Credit II hits €376m
Swedish private equity house EQT has raised тЌ376m for its second credit opportunities fund, according to reports.
GE Capital and Ares provide unitranche for Vitruvian's Callcredit
GE Capital and Ares Capital Europe have provided a unitranche debt facility for Vitruvian Partners-backed credit information service Callcredit.
Ropes & Gray appoints new partners
Law firm Ropes & Gray has appointed Michael Kazakevich and Daniel Martin as partners in the firm's London office.
Comet to go into administration
Private equity owner OpCapita – which bought troubled electronic goods retailer Comet earlier this year for a nominal £2 - has reportedly called in Deloitte to handle the administration process for the UK-based company.