News
ECI promotes Lewis Bantin to partner
ECI Partners has promoted Lewis Bantin to partner within the firm.
ESMA publishes remuneration guidelines
The European Securities and Markets Authority (ESMA) has published guidelines for the remuneration of senior employees in alternative investment funds.
3i exits Mold-Masters to Milacron
3i Group has sold Canadian portfolio company Mold-Masters to Milacron for CAD 975m (approximately £615m) through an auction process, reaping a 2.6x money multiple.
Financial rewards still main incentive for chairmen of PE-backed businesses
The potential of a significant pay-out on exit is still the main incentive for working with private equity-backed businesses, according to a recent survey of 502 UK-based chairmen and non-executive directors (NEDs).
Blackstone appoints new MD for Iberia
Blackstone has appointed Inaki Echave as managing director, with a primary focus on Spain and Portugal.
E&Y: Corporates failing to look at PE as potential buyer
Only 3% of corporates surveyed by Ernst & Young for its latest Global Corporate Divestment Study believe private equity funds to be the most likely acquirer should they divest part of their business.
Octopus looking to raise £70m over four VCTs
Octopus Investments has announced plans to raise £70m over four VCTs, targeting UK SMEs.
Paul Hastings expands European practice
Law firm Paul Hastings has appointed David Revcolevschi as a partner in its European corporate practice, based in the firm's Paris office.
Doughty Hanson refocuses on private equity
Doughty Hanson has completed its internal restructuring, moving away from real estate and venture, alongside the creation of a new partnership structure.
CapMan to hire new CEO
CapMan’s board of directors has started a search process to replace its current CEO Lennart Simonsen, who is resigning from his position as part of the firm’s development programme.
Highland Capital appoints partner
Global venture capital firm Highland Capital Partners Europe has appointed Tony Zappalà as a partner within its European team.
Duke Street-backed 2e2 collapses
British IT services provider 2e2, backed by Duke Street, has collapsed after administrators failed to find a buyer for the business.
Cerberus buys loan portfolio from Liberbank
US private equity house Cerberus Capital Management is understood to have acquired a portfolio of loans worth €574m from Spanish lender Liberbank.
Private equity firms prepare £10bn EE bid
Apax Partners and KKR are bidding against Blackstone and CVC Capital Partners for UK mobile phone operator EE, according to reports.
Travers Smith appoints senior partner
UK law firm Travers Smith has promoted Chris Hale, currently head of corporate, to senior partner.
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Olympia Furniture enters administration
SKG Capital-owned furniture manufacturer Olympia Furniture, based in the Greater Manchester area, has failed to find a buyer and has therefore been placed into administration.
Endless hires GCP's Santinon
UK turnaround investor Endless has hired Francesco Santinon as a senior recruit in the firm's London office.
New German GP Rantum Capital targets mid-market
A group of German businessmen, including former Morgan Stanley Germany CEO Dirk Notheis, have founded a new private equity firm named Rantum Capital.
Apax and LBO France to sell Maisons du Monde
Apax France- and LBO France-owned furniture stores chain Maisons du Monde is up for sale in a process run by investment banks Lazard and Messier Maris, according to reports.
Warburg Pincus's Premier Foods loses 2nd top exec in a row
Premier Foods COO Geoff Eaton is due to step down just a week after the appointment of a new CEO for the business.
PE backers to reduce NXP Semiconductors stakes
AlpInvest Partners, Apax Partners, Bain Capital Partners, KKR and Silver Lake Technology Management are due to sell 30 million shares in listed Dutch semiconductor developer NXP Semiconductors.
Upcoming IPO values Moscow Exchange at c$4bn
Private equity-backed Moscow Exchange has set a price range of RUB 55-63 per share for its flotation, according to reports.
Freitag & Co appoints managing director
German corporate finance adviser Freitag & Co has appointed Christoph Seeger to managing director in the firm's Frankfurt office.