News
Balderton dumps Sulake after documentary exposé
Balderton has dumped its stake in Finnish social networking company Sulake following a damning Channel 4 investigation into the firm.
Endless appoints associate director
UK turnaround investor Endless has promoted Lucia Villamor to associate director.
Apax leads $1bn Paradigm buyout
Apax Partners and JMI Equity have agreed to acquire oil & gas software vendor Paradigm from US investment group Fox Paine for around $1bn.
Market volatility threatens Evonik IPO
The RAG Foundation, which owns a majority stake in CVC-backed German chemicals maker Evonik, could cancel the company's IPO in light of the current market environment.
Brian Magnus leaves Morgan Stanley Private Equity
Brian Magnus, formerly managing director and head of Morgan Stanley's private equity business in London, has left the company.
FIG launches VC fund for graduates
London-based venture capital firm Find Invest Grow (FIG) has launched its maiden vehicle, the FIG Concept Seed Fund.
DN hits seventh exit in two years with Apsmart sale
DN Capital has exited UK mobile innovation company Apsmart in a trade sale to Thomson Reuters.
EVCA elects new chairman
The General Assembly of the European Private Equity and Venture Capital Association (EVCA) has elected Vincenzo Morelli as chairman for the coming year.
European Investment Fund appoints new chairman
The European Investment Fund (EIF) has appointed Dario Scannapieco as chairman of the board of directors.
McDermott bolsters Paris team
Law firm McDermott Will & Emery has appointed three new partners and four new associates in its Paris office.
New advisory firm to offer pre-sale advice for UK businesses
Entrepreneur James Caan and corporate financier Paul Herman have launched bluebox, an advisory firm aiming to help UK businesses prepare for sale.
CVC's Formula One postpones IPO
CEO Bernie Ecclestone told Reuters that the IPO of CVC-backed Formula One Group on the Singapore Stock Exchange may be postponed to later this year.
Depositary requirements detrimental to VC fundraising, says EVCA
EVCA has raised concerns that the proposed depositary requirement for venture capital funds could be detrimental to the fundraising environment in Europe.
Fondo Strategico agrees to buy Avio stake from Finmeccanica
State-backed investor Fondo Strategico Italiano has agreed to buy a 15% stake in aerospace group Avio from Finmeccanica, subject to the completion of an IPO.
Synergo to launch Turkish fund
Italian private equity house Synergo has signed an agreement with the Baykam family, founders of Turkish private equity firm Baykam Capital Partners, to launch a fund focused on investment in Turkish SMEs.
JP Morgan to inject up to €158m into Technicolor
Troubled French digital video specialist Technicolor has backed the offer of JP Morgan to inject up to €158m in exchange for a 29.96% stake.
EU relaxes VCT scheme requirements
The European Commission has enhanced its state aid approval for the UK's Venture Capital Trust (VCT) scheme, loosening both requirements and restrictions on maximum funding.
Social Action Fund backs Impetus Trust
Venture philanthropy organisation Impetus Trust has received a ТЃ310,000 investment from the Social Action Fund.
Triago's Dréan launches online PE marketplace Palico
Palico, a global online marketplace for the private equity fund community, launched yesterday.
RIT partners with Rockefeller Financial Services
Investment trust RIT Capital Partners and asset manager Rockefeller Financial Services have announced the creation of a strategic partnership between the two entities.
AIFI announces new board
Italian private equity and venture capital association AIFI has announced its new governing board.
Hermes appoints new CEO
Hermes Fund Managers has promoted Saker Nusseibeh to the role of chief executive officer.
Moody's forecasts €33bn+ LBO default
More than a quarter of unrated private equity LBO debt will default by 2015, according to ratings agency Moody’s.
DC Advisory appoints executive director
Corporate finance firm DC Advisory Partners has appointed Jack Dessay as executive director in its European Technology, Media and Telecommunications (TMT) team, based in London.