News
August Equity promotes three
August Equity has strengthened its investment team with three promotions.
Electra finalises UBM data services acquisition
Electra Partners has acquired the majority of UBM's data services businesses, a deal agreed to in February.
Clifford Chance PE head to leave for Latham & Watkins
Clifford Chance’s global private equity head David Walker is leaving the firm to join Latham & Watkins.
Labco: formal bids expected next month
3i-backed medical diagnostics company Labco formally launched its sale process at the end of January and first bids are expected in May.
DPE closes second fund on €350m
Deutsche Private Equity (DPE) has closed its second fund on €350m and acquired its French partner Parcom, according to reports.
MMC Ventures wins tender for £11m fund
MMC Ventures has won a competitive tender to launch the MMC London Fund.
TPG mulls listing of Grohe Group
TPG-backed Grohe Group, a supplier of bathroom and kitchen products, is considering an IPO after a lengthy nine-year holding period.
Altius appoints senior associates
Funds-of-funds manager Altius Associates has appointed Jeffrey Kopocis and Arnaud Garel-Galais (pictured) as senior associates in its global investment team.
Disgraced Crosby steps down from Bridgepoint role
Sir James Crosby has stepped down from his role on Bridgepoint’s European Advisory Board following a report into his role in the collapse of UK bank HBOS.
Enterprise makes 9x on Kruk
Central European investor Enterprise Investors has fully exited its investment in Kruk after a 10-year holding period.
CVC to list shares in bpost
CVC Capital Partners plans to list its shares in Belgian postal service bpost on the stock market and has already appointed banks to coordinate the sale, according to reports.
Record dry powder to expire in 2013, says Triago
Despite an expected increase in capital calls this year as GPs put more money to work, nearly $15bn worth of LBO commitments could be left unused and returned to investors in 2013, according to placement agent Triago.
CVC in court over $800m beer tab
CVC Capital Partners’ sole deal in Central & Eastern Europe – the local breweries of Anheuser-Busch InBev, StarBev – may leave the GP with a nasty hangover after court filings revealed AB InBev is seeking earn-out money following CVC’s subsequent...
Idinvest appoints partner in Paris
Idinvest Partners has promoted Olga Koulechova to partner in its Paris office.
Sarkozy meets with Spanish bankers for private equity fund
Former French president Nicolas Sarkozy has met with Spanish bankers ahead of the launch of a €1bn private equity fund, according to reports in the local press.
Charterhouse and CVC's Ista receives second round bids
Charterhouse and CVC Capital Partners are receiving second round bids for German energy-metering firm Ista, in an auction that could fetch €3bn, according to reports.
DLA Piper survey highlights rise of unitranche
Unitranche financing is predicted to be the most popular form of debt funding after senior-only provision in 2013, according to a new DLA Piper survey.
France Telecom moves forward on EE sale
France Telecom has reportedly hired banks to advise on the dual-track sale process of mobile operator Everything Everywhere (EE), which attracted private equity interest last summer.
LDC appoints Farren to Yorkshire team
LDC has appointed Joe Farren as an investment director in its Yorkshire office.
Astorg seals Areva unit purchase
French GP Astorg Partners and energy company Areva have signed an agreement for the takeover of Canberra, Areva’s US-based nuclear measurement subsidiary.
Steadfast promotes Buschmann and Geiger to partnership
Steadfast Capital has promoted Kay Buschmann and Markus Geiger to partners.
Lise Nobre joins Parvilla as fundraising continues
Mid-market fund-of-funds Parvilla has hired former PAI partners deal-doer Lise Nobre as a partner.
Founder of CEE GP Penta steps down
Martin Kúšik, the co-founder of central European investment group Penta Investments Group, will end his operational involvement in the firm he set up in 1994.
Cécile Mayer-Lévi leaves Axa Private Equity
Cécile Mayer-Lévi, the co-head of Axa Private Equity's private debt operations, has left the firm.