News
Clifford Chance names new head of banking and capital markets
Law firm Clifford Chance has appointed Alexandra Hagelüken as new head of banking and capital markets in Germany.
Curtis appoints new partner in Paris office
Law firm Curtis Mallet-Prevost Colt & Mosle has promoted Grégoire Andrieux to partner in the corporate practice of its Paris office.
KKR and Permira looking to exit ProSiebenSat.1
KKR and Permira are looking to sell their stakes in German private broadcaster ProSiebenSat.1 to a trade buyer, according to reports.
Mid Europa-backed Bitė refinances debt
Mid Europa's Lithuanian telecoms company Bitė has refinanced its existing debt with €200m of senior secured floating rate notes at a 7.5% margin.
PE houses circle Côte Brasserie
Private equity firms including LDC, Bridgepoint and Equistone are due to bid for UK-based restaurants chain Côte Brasserie next week, according to media reports.
Cinven-backed Spire Healthcare pays down debt
Cinven-backed Spire Healthcare has sold off 12 of its 38 hospitals in a bid to raise cash to reduce the large bank debt on its books.
EdRip planning to raise extra €500m by 2017
French GP Edmond de Rothschild Investment Partners (EdRip) is planning to close its latest healthcare fund on €200m in 2013 and raise two new growth capital vehicles within the next four years.
CVC to lead €1.8bn restructuring of SNS Reaal
CVC Capital Partners will lead a consortium to restructure SNS Reaal, a Dutch insurer and the country's fourth largest bank, according to local press.
KKR bolsters European buyout fund
KKR is reportedly set to use uninvested capital to back its second European buyout fund, while extending the fund's life span, according to reports.
Goetzpartners appoints head of German corporate finance
Consultancy Goetzpartners has appointed Simon Wilske to senior managing director and head of corporate finance for Germany in the firm's Munich office.
Five PE houses circle Armacell
Five private equity firms are said to be circling German insulation business Armacell, a portfolio company of Bahrain-backed buyout firm Investcorp.
Permira delays first close
Permira will try to secure a €2bn first close for its fifth buyout fund by the end of March, 18 months after starting the fundraise, according to reports.
VCs to fully exit Dailymotion
Orange is understood to have upped its stake in French video sharing site Dailymotion to 100%, leading to several venture firms exiting the company's capital structure.
CVC Credit Partners appoints Jonathan Bowers to partner
CVC Credit Partners has appointed four new partners, including Jonathan Bowers in the firm's London office.
Nokia launches $250m fund
Corporate venture firm Nokia Growth Partners (NGP) has launched its third fund with a $250m commitment from parent company Nokia.
FSN Capital makes promotions
FSN Capital has promoted Erik Nelson and Ulrik Smith to partners, Partice Jabet to director, and has appointed three new executive advisers.
Baker Tilly appoints three
Baker Tilly has appointed Laura Howes, Amy Lewis and Umito Choji to its corporate finance team in Leeds.
Phoenix co-founder Lenon to step back
UK mid-market house Phoenix Equity Partners has announced that its co-founder Hugh Lenon will move from managing partner to part-time chairman, with immediate effect.
UK Treasury delays AIFMD until 2014
UK firms have been given an extra year to comply with AIFMD, as the Treasury sets out implementation in a new consultation paper.
Baird PE rebrands as Baird Capital
Robert W Baird & Co's direct investment arm Baird Private Equity has unified its global investment strategies under the new brand Baird Capital.
Capital Dynamics' Lichtner to stand down from operational duties
Katharina Lichtner, co-founder and managing director of Capital Dynamics, will step down from her operational role at the firm and act as senior adviser as part of a wider senior management reshuffle.
PE house circles Deutsche Telekom unit
Germany could soon see its first mega-deal of 2013 as Deutsche Telekom is looking to sell Scout24 group, according to local reports.
Axa and Permira’s Odigeo completes refinancing
Odigeo, the online travel agent backed by Permira and Axa Private Equity, has placed €325m worth of five-year secured bonds to refinance its senior debt.
3i in bid for National Air Traffic Services
3i has started the bidding process for a 12% stake in the UK's National Air Traffic Services (NATS), according to reports.