News
Régie Linge Développement sale process stalled
The sale process of Sagard-owned Régie Linge Développement (RLD), a French business specialising in the rental and laundering of work wear, has reportedly stalled over debt concerns.
Government to investigate Comet collapse
Vince Cable is to launch an investigation into the demise of electricals retailer Comet, which had been bought by turnaround specialist OpCapita in November 2011 before going into administration a year later.
Adveq appoints executive director
Asset manager Adveq has promoted Sanjay Gupta to executive director.
PE funding gains traction with UK entrepreneurs
Nearly a third (31%) of UK entrepreneurs are considering private equity or venture capital to raise finance in 2013, according to 800 UK business leaders polled in a recent Baker Tilly survey.
BC Partners loses managing partner
BC Partners' Andrew Newington is understood to have left the firm due to disagreements over future strategy.
Advent Venture appoints new operating partner
Advent Venture Partners has appointed Ian Nicholson as an operating partner in its life sciences team.
BC Partners looking to sell Migros
BC Partners has entered negotiations with potential buyers for its remaining stake in Turkish supermarket chain Migros, according to reports.
Partners Group makes year-end senior management promotions
Partners Group has promoted two partners and eight managing directors to its senior management team globally as part of year-end promotions.
Activa Capital appoints two
French private equity firm Activa Capital has appointed Samuelle Thevenet and Charlotte Metaireau as finance director and marketing and communications manager respectively.
Nordic Capital execs lose tax case
Nordic Capital executives will have to pay income tax on their carried interest, a Swedish Court says.
SJ Berwin hires ex-3i tax specialist as consultant
Global law firm SJ Berwin has hired David Huff as a consultant.
Tikehau Group hires three
Tikehau Group, comprising Tikehau Investment Management (TIM) and Tikehau Capital Advisors (TCA), has hired Etienne Gorgeon, Frédéric Sallerin and Vincent Favier in its Paris office.
British PE firms circle Italy's Cerved
CVC and Permira have shown an interest in acquiring Milan-based corporate intelligence and rating agency Cerved, according to reports.
Directorbank and Rockpool team up to back and manage UK businesses
Executive search firm Directorbank and tax-efficient private equity investment firm Rockpool Investments have formed an alliance.
EBRD loans RUB 1.7bn to Orient Express Bank
The European Bank for Reconstruction and Development (EBRD) has provided Orient Express Bank (OEB) with a three-year loan totalling RUB 1.7bn.
Vision Capital promotes three in European office
Vision Capital has promoted Jonathan Guest and Konstantin Oelfke to associate and Daryl Cohen to partner in the firm's London office.
Warburg Pincus appoints Kranefuss as executive-in-residence
Warburg Pincus has appointed Lee Kranefuss as its new executive-in-residence (EIR).
Sberbank and Credit Suisse abandon buyout fund plans
OAO Sberbank and Credit Suisse Group have abandoned plans to raise a $1bn buyout fund dedicated to private equity in Russia.
One Equity Partners considers Turkish chem business
One Equity Partners and the Turkish army pension fund Oyak have been bidding to buy a stake in Turkish chemicals firm Akdeniz Kimya, according to reports.
Quadriga to buy LR Health and Beauty Systems from Apax
Quadriga is the final bidder for German beauty products retailer LR Health and Beauty Systems (LR International), currently owned by Apax Partners, according to reports.
CVC and Charterhouse mull Ista exit
CVC and Charterhouse have hired Deutsche Bank and Goldman Sachs to advise on the sale of German utilities metering firm Ista, according to reports.
BGF appoints investment associate
The Business Growth Fund (BGF) has appointed Edwin Davies as an investment associate.
US investor circles Topshop
Sir Philip Green, the owner of British clothing retailer Topshop, is reportedly in talks with US-based private equity house Leonard Green & Partners LP for the sale of a 25% stake in the business.
Arle bolsters DACH team
Mid-cap GP Arle Capital Partners has hired two investment executives in its DACH-focused team.