News
Endless promotes five
UK-based turnaround firm Endless has promoted team members Indra Valeinis (pictured), Simon Mason, Kerry Swain, Michael Rice and Edward Ransome.
Nordic Capital and Cidron mull partial Cloetta exit
Nordic Capital and Cidron are considering selling part of their stake in Swedish confectionery company Cloetta, according to reports.
BGF promotes Mike Sibson to regional director
The Business Growth Fund (BGF) has appointed Mike Sibson as regional director for the firm's Midlands activities, in what marks BGF's first internal promotion at a senior level.
CVC hires Brandon Bradkin as partner
CVC Credit Partners has appointed Brandon Bradkin as a partner in the firm's UK office.
Segulah reshuffles team
Segulah is set to replace current managing partner Christian Sievert with founder Gabriel Urwitz, while Lennart Ribohn will become the firm's new chairman.
Santander's asset management arm attracts PE duo
Banco Santander has entered exclusive talks with General Atlantic and Warburg Pincus regarding the sale of a stake in its asset management arm, according to reports.
H2 makes 6x on Sator sale
H2 Equity Partners has reaped a 6x multiple on the trade sale of Dutch portfolio company Sator Holding to LKQ for £176m.
Delta Lloyd drops out of private equity
Delta Lloyd has disposed of the private equity management arm of its investment division, Cyrte Investments BV, and will reportedly no longer deal in the private equity sector in the wake of the Solvency II directive.
Steadfast Capital hires three
Steadfast Capital has expanded its investment team by recruiting Friedrich Ysenburg, Tim Ottenbreit and Sandra Stohler.
PE-backed Kion Group to list
German forklift manufacturer Kion Group, backed by KKR and Goldman Sachs Capital Partners, is considering an initial public offering, according to reports.
Sun Capital merges five portfolio companies
Sun Capital has announced plans to combine five of its US and European plastic packaging businesses to create Luxembourg-based Exopack Holdings Sarl, the sixth largest company of its kind worldwide.
NBGI appoints Young as senior adviser
NBGI Private Equity has appointed former Allied Healthcare CEO Sandy Young as a senior adviser.
Addleshaw Goddard appoints new PE head
Law firm Addleshaw Goddard has promoted Yunus Seedat to national head of private equity in the UK.
Norwegian state injects NOK 500m into VC fund
The Norwegian government is set to commit NOK 500m to Investinor AS, a venture capital investment company owned by the Norwegian Ministry of Trade and Industry.
Carlyle appoints new energy investment team
The Carlyle Group has hired six professionals, led by Petroplus founder Marcel van Poecke, to form an international energy investment team.
Novo AS et al. round up €141m Symphogen financing
Novo AS, PKA and Danica Pension have provided Danish biopharmaceutical company Symphogen with a further €41m, rounding up a €141m funding round for the business.
Duke Street hunts for new backers ahead of fresh fundraising
Duke Street Capital is looking for new backers to replace existing investors in its funds ahead of a fresh fundraising attempt, according to reports.
Cerberus closes fifth fund on $2.61bn
Cerberus Capital Management has raised $2.61bn for CIP V, a fund focused on turnarounds and distressed situations, according to reports.
France's Elior and Nord-Est in refinancings
Charterhouse's catering business Elior has tapped into the high-yield market to raise €350m, while Oaktree has been able to reap a dividend by leveraging its investment in packaging company Nord-Est, according to local reports.
New Look launches £800m bond offering
Apax- and Permira-backed New Look Group has launched an £800m senior secured notes offering to pay down its debt.
Candover's Alma Consulting in refinancing talks
Alma Consulting, a French corporate cost-reduction advisory business owned by Candover, could be taken over by its mezzanine lenders, according to local reports.
Springer Science sale back on
Germany could be home to another mega-buyout this year following news that EQT is in renewed talks with private equity investors over a potential sale of German publishing business Springer Science.
VC-backed Shazam to pursue IPO
Shazam, a London-based mobile music recognition app developer, is to pursue an initial public offering.
Partech appoints Romain Lavault as general partner
French technology-focused venture capital firm Partech International has appointed Romain Lavault as general partner.