News
UK sports retailer JJB goes under
Ailing UK-based sporting goods retailer JJB Sports has called in administrators and is likely to be sold in a pre-pack deal.
Hamdani and Priston join Bayside
HIG Capital’s distressed debt and special situations affiliate, Bayside Capital, has hired Ahmed Hamdani and Duncan Priston for its London team.
Carlyle will not ask investors to extend $13.7bn fund
Carlyle Group will not ask investors to extend the investment period for its $13.7bn buyout fund, according to reports.
UK government proposes relaxation of tech IPO rules
Government ministers proposed changes to the listing rules on the LSE yesterday, which would allow companies to list just 10% of their business.
Carlyle launches takeover bid for vwd Group
Carlyle is looking to take German market data provider Vereinigte Wirtschaftsdienste (vwd Group) private.
Electra buys debt portfolio for £30m
Electra Partners has acquired a portfolio of mezzanine debt and second lien debt in five UK and European companies for £30m.
Sovereign wealth funds buy 10% of CVC
Three sovereign wealth funds - two Asian and one Middle-Eastern - have bought a combined 10% stake in CVC Capital Partners' management company, according to reports.
French PE players miss out on Gefco
French automotive constructor PSA Peugeot Citroen will sell its subsidiary Gefco, tipped as a potential LBO candidate, to Russian rail company RZD.
HIG Capital launches European credit business
HIG Capital has launched in London the European operations of its US credit business, HIG WhiteHorse, and appointed Haseeb Aziz as managing director in the new unit.
Cofides supports expansion of SuiteBlanco in Portugal
Compañía Española de Financiación del Desarrollo (Cofides) has granted Spanish clothing and accessories company SuiteBlanco with a €2.138m joint venture loan from the Fund for Investments Abroad (FIEX) vehicle.
Clessidra eyes Telecom Italia Media
Private equity firm Clessidra and several media companies are circling Italian television network Telecom Italia Media, according to reports in the local press.
Intel Capital appoints investment director for CEE
Intel Capital has appointed Maciej Żak to join the firm's investment team for CEE, the Middle East, Africa and Russia.
General Atlantic opens new Munich office
General Atlantic has moved its German operations from Düsseldorf to Munich.
Apax and Trilantic bids for Euskaltel stall
The bids made by private equity firms Apax Partners and Trilantic for Basque telecommunications operator Euskaltel have been blocked until the results of the Basque Country elections are known, according to reports in the Spanish press.
Dutch government backs new tech fund-of-funds
The Dutch ministry of economic affairs has confirmed the launch of a €150m fund-of-funds to support the country's technology companies.
OMERS PE bolsters London team
OMERS Private Equity, the private equity arm of Canadian pension fund OMERS, has hired Isabelle Pagnotta as a director and Bryony Marshall as an associate in its London office.
LDC appoints investment director
LDC has appointed Andrew Hampshire as an investment director in its value enhancement group.
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Montefiore hits €180m target for third fund
French mid-cap GP Montefiore Investment has raised €180m for its third fund and is still raising the vehicle beyond its initial target.
Carlyle gets extension on Chemring bid talks
Carlyle has been granted an extension on its deadline to make an offer for British military supplier Chemring.
BeCapital CEO to join Capstone's Asia team
Placement agent Capstone Partners is expanding its coverage of the Asian market by hiring two senior professionals, including former CEO of Luxembourg-based cleantech GP BeCapital Alexandre Schmitz.
JP Morgan PE buys back shares
JP Morgan Private Equity plans to buy back some of its shares in a move to reduce its discount to net asset value (NAV).
Ludgate targets $200-300m for new fund
UK-based growth capital provider Ludgate Investments is looking to raise up to $300m for its new fund - more than doubling its previous effort - according to reports.
Big Society Capital makes first investments
Big Society Capital (BSC), a social investment bank launched by the UK government earlier this year, has committed an initial ТЃ37m to three social investment finance providers.