News
Better Capital in joint venture with NPRF
Better Capital and the National Pensions Reserve Fund of Ireland (NPRF) have agreed to join forces and create a €100m turnaround fund to invest in distressed Irish businesses.
AlixPartners promotes eight across European offices
Advisory firm AlixPartners has promoted three team members to managing director and another five to the position of director.
Intervale Capital-backed Proserv in $215m refinancing
US-based oil and gas investor Intervale Capital's Scottish portfolio company Proserv has received a $215m refinancing package from Lloyds Bank Commercial Banking Acquisition Finance.
Kramer Levin promotes Dominique Penin to partner
French business law firm Kramer Levin has elected Dominique Penin as a partner.
PPF Group regains control of private equity operation
CEE-focused financial services group PPF Group has acquired 27.5% of its own private equity funds business from Italian insurer Assicurazioni Generali.
Groupama completes disposal of private equity unit
French insurer Groupama has sold Acto Mezzanine and fund-of-funds Quartilium – the remaining entities of Groupama Private Equity – to ACG Private Equity.
Better Capital’s Reader’s Digest to undergo restructuring
Better Capital portfolio company Reader’s Digest UK is to undergo a restructuring via a company voluntary agreement (CVA).
LBO France hires new director
French private equity firm LBO France has appointed Vincent Briançon as a director.
Advent’s Maxam completes €280m refinancing
Maxam, a Spanish explosives manufacturer backed by Advent International, has taken out a €280m syndicated loan to refinance debt and fund expansion.
Terra Firma looking to sell Odeon
Terra Firma is again looking to sell cinema chain Odeon & UCI Group in 2013, potentially raising up to £1bn, according to reports.
Accent Equity Partners hires two
Accent Equity Partners has hired David Zytomierski and Marcus Jennekvist as analysts in its Stockholm-based investment team.
One Equity Partners merges portfolio companies
One Equity Partners has combined its two packaging portfolio companies Schoeller Arca and Linpac Allibert.
Groupama edges closer to PE arm disposal
French insurer Groupama has sold an 82% stake in the two funds managed by its private equity arm Acto Capital.
Globalturk Capital and Small Enterprise Assistance Fund strike alliance
Globalturk Capital and American Small Enterprise Assistance Fund (SEAF) have agreed to collaborate on growth investments in Turkey.
Private equity firms eye SEK 2bn Swedish cinema deal
Swedish media and publishing group Bonnier has appointed Nordea to advise on the sale of the SF cinema chain, which could reportedly be worth up to SEK 2bn.
SJ Berwin opens Luxembourg office
SJ Berwin has opened an office in Luxembourg, which will focus on corporate finance, private equity, funds and tax.
Holiday deals round-up
European private equity saw an exceptionally busy Christmas period this year, with many investors wrapping up deals right at the end of 2012. Here’s a round-up of all the events of the last two weeks.
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European Commission adopts implementing rules for AIFMD
The European Commission has published the Level Two Delegated Acts for the Alternative Investment Fund Managers Directive (AIFMD), which will now have to be implemented on a national level by July 2013.
Beechbrook on the road for second €100m mezz fund
Mezzanine specialist Beechbrook Capital is currently marketing its second fund and is aiming to reach a first close on more than €60m in Q1 2013, unquote” has learned.
Headcount and turnover on the rise for French PE-backed businesses
French private equity-backed companies have seen their turnover and headcount grow by 9.1% and 5.2% respectively in 2011, according to a recent study by trade body AFIC and Ernst & Young.
KKR Europe promotes two to partnership
KKR has appointed Silke Scheiber (pictured) and Philipp Freise as partners in its European office.
Polaris promotes four
Nordic GP Polaris Private Equity has promoted Peter Maigaard, Rune Gornitzka and Martin Bang‐Löwgren to director positions, while Simon Wille has been promoted to investment manager.