News
KKR and Permira to sell Nordic business for up to €1.5bn
Two private equity firms and a trade player are in talks with German PE-backed broadcaster ProSiebenSat.1 Media regarding the acquisition of its Nordic unit т a deal that could fetch up to тЌ1.5bn, according to reports.
Blackstone et al. in second round bids for Intertrust
Blackstone, Cinven and Pamplona are bidding for Dutch corporate management business Intertrust Group after Carlyle and Goldman Sachs Private Equity dropped out of the race, according to reports.
Buyout loan issuance down 38% YoY, says Baird study
European figures for leveraged and buyout loan issuance are down 46% at €20bn and 38% at €10bn respectively, according to recent research by Baird.
Chilean financial institutions buy stake in Spanish FoF
LarrainVial and Consorcio Nacional de Seguros, a Chilean investment bank and financial services firm respectively, have acquired a 20% stake in the holding company of Spanish fund-of-funds Altamar.
Cinven and Warbug Pincus exercise Ziggo over-allotment option
Cinven, Warburg Pincus and their co-investors have announced the initiation of an over-allotment option for Dutch cable operator Ziggo.
Advent readies for EKO take-private
Advent International has secured subscriptions for a total of 97.98% of shares in Polish supermarket chain EKO Holding Group, following the acquisition of a controlling stake in the company last month.
Michael Smith set to retire as CVC chairman
Michael Smith will retire in January 2013, leaving the chairmanship of CVC Capital Partners to Donald Mackenzie, Rolly van Rappard and Steve Koltes.
Lion, CapVest and Pamplona circle United Biscuits
Lion Capital, CapVest, Pamplona Capital and Germanyтs Intersnack are in the running to acquire the savoury snacks arm of United Biscuits, according to reports.
Terra Firma's Deutsche Annington aims for 2013 IPO
Deutsche Annington, the German real estate group backed by Terra Firma, could pursue an IPO as early as 2013, according to reports.
Mid Europa appoints Michelle Capiod to partner
CEE-focused private equity firm Mid Europa Partners has promoted Michelle Capiod to partner.
KKR considers Spain's NH Hoteles
KKR has made an offer to buy bonds that can be converted into shares in Spanish hotel group NH Hoteles, according to reports.
Cinven and Walburg Pincus to sell further shares in Ziggo
Cinven and Warburg Pincus are looking to sell a larger stake of Dutch cable operator Ziggo than previously anticipated, continuing their IPO success story.
Octopus provides £20m loan facility to borro
Octopus Investments has provided British personal asset lender borro with a ТЃ20m loan facility.
Spanish government to launch new VC fund
The Spanish government will announce the launch of a new VC fund to back technology startups next week, according to reports in the local press.
AT Kearney appoints PE consultant
Global management consultancy firm AT Kearney has appointed Alberto Fumo as senior principal in its private equity practice.
Investec provides debt for MBO of BM Polyco
Investec Growth & Acquisition Finance has provided a debt facility to support the management buyout of BM Polyco, a professional and consumer gloves business.
Permira and AMG bid against Orix in Robeco sale
Only Permira, AMG and Japanese financial services group Orix are left in the bidding war for Rabobank's asset management unit Robeco, reports in the local press suggest.
Clearwater appoints two in Manchester office
Clearwater Corporate Finance has appointed Chiara Pettinicchio (pictured) and John Davies as assistant directors in its Manchester team.
Nordic Capital cuts LBO fund target by 25%
Nordic Capital has told investors it will cut the original тЌ4bn target of its latest leveraged buyout fund by 25%, according to reports.
French VCs appeal to French president over budget
Representatives from a raft of French venture capital firms have joined entrepreneurs in sending an open letter to President François Hollande raising concerns over measures introduced in the country's new budget proposal.
Argos Soditic strengthens Paris team
Mid-cap GP Argos Soditic has hired Simon Guichard as an analyst and promoted Nicolas Trani to associate.
YFM hands over control of North West Fund operations
YFM Equity Partners will hand over control of The North West Fund for Development Capital (NWFDC) later this year, in order to focus on the management of its VCTs and institutional funds investing in the region.
SVG cuts down exposure to Permira
SVG Capital Partners has announced plans to sell its ТЃ90.2m stake in Permira's third fund, according to reports.
Chemring CEO resigns as Carlyle prepares bid
David Price, the CEO of British military supplier Chemring, has resigned as Carlyle is still considering a potential takeover of the business.