News
Advent to sell shares in airport retailer Dufry
Advent International is understood to be looking to sell 3.9 million shares in listed Swiss airport retailer Dufry, a transaction that could be valued upwards of €350m.
Vorndran Mannheims Capital appoints investment manager
Vorndran Mannheims Capital (VMCap) has promoted Markus Köllmann to investment manager.
HMV attracts private equity interest
A number of private equity firms have contacted HMV’s administrator Deloitte regarding a potential acquisition of the stricken firm, according to reports.
PE firms eye French gas storage business TIGF
Two bidder groups including AXA Private Equity and CDC Infrastructure have emerged in the sale of Total's gas storage unit Transports Infrastructures Gaz France (TIGF), according to reports.
Turkish snack chain hopes to raise $500m through PE
Turkish snack chain Simit Sarayi has entered negotiations with US investor Colony Capital and Dubai's Abraaj Capital for the sale of a minority stake in the business, according to reports.
EIF and Oquendo to launch €100m Iberian fund
Spanish bank Banca March, the European Investment Fund (EIF) and Spanish Iberian mezzanine provider Oquendo Capital are to raise a fund to back local SMEs, according to local reports.
UK spin-offs are undersold – report
Corporate spin-offs could result in bargains for private equity buyers as many firms selling non-core units are focused on a speedy cash injection rather than long-term strategic objectives, according to research from Ernst & Young.
BGF appoints former Advent partner as investment director
The Business Growth Fund (BGF) has appointed Rory Pope, a former partner at Advent International, as investment director for London and the south east.
McDermott Will & Emery promotes two in Paris office
Law firm McDermott Will & Emery has promoted Nicolas Lafont (pictured) and Lionel Lesur to partner positions in its Paris office.
NVM Private Equity appoints Andy Leach
British GP NVM Private Equity has appointed Andy Leach to its investment team.
KPMG survey highlights importance of management expertise in buyouts
A survey conducted by KPMG and Directorbank shows that businesses look for management expertise when selecting a private equity backer.
Gleacher Shacklock appoints new partner
British corporate advisory firm Gleacher Shacklock has appointed Richard Slimmon as a partner.
Beechbrook promotes Boorsma to partner
UK-based mezzanine provider Beechbrook Capital has promoted Michiel Boorsma from principal to partner.
CVC and RBS sell $290m stake in Samsonite
CVC Capital Partners and the Royal Bank of Scotland (RBS) have sold a $290m stake in Hong Kong-listed luggage brand Samsonite International, according to reports.
Axa PE to arrange unitranche for IPH buyout
PAI partners is believed to be looking to raise a €180m unitranche facility from Axa Private Equity to finance its buyout of industrial supplies distribution company IPH.
3i to offload more assets
3i is looking to sell at least four of its portfolio companies, according to reports, as it continues to refocus its strategy.
Dutch GPs eye Belgian printing company Xeikon
Gilde and Waterland Private Equity are said to be circling Belgian digital printing company Xeikon, according to local press.
Ex-BVCA chair Nash becomes schools minister
Former British Venture Capital Association (BVCA) chair John Nash has been appointed schools minister.
Iglo CEO to step down
Martin Glenn, the chief executive of Permira-backed frozen-food maker Iglo, is due to step down after a six-year tenure.
NVT and Northern 2 VCT seek £8m
Northern Venture Trust (NVT) and Northern 2 VCT have launched a linked top-up offer to raise up to £4m for each fund.
3i finalises Norma Group exit
3i has sold its remaining 16.7% stake in listed German business Norma Group AG, bringing its total return to 5.5x.
ADM Capital et al. looking to exit Turkish hospital
An investor group including ADM Capital, Dutch pension fund PGGM and the International Finance Corporation (IFC) are looking to exit Turkish hospital chain Universal Saglik Yatirimlari, according to reports.
Butler-backed Virgin Megastore files for insolvency
Virgin Megastore, a French retail chain backed by turnaround investor Butler Capital, has filed for insolvency.
Apax France strengthens team
French mid-cap GP Apax France has promoted four team members and hired a chargé d'affaires.