News
ISAI hires new deputy chief executive
French venture capital firm ISAI has appointed Pierre Martini as deputy chief executive.
3i pulls out of Habbo Hotel firm Sulake
3i has joined Balderton in pulling out of Finnish portfolio company Sulake following a scandal in one of the online games it runs.
Blackstone appoints senior adviser in Spain
Claudio Boada has joined Blackstone Group’s global private equity and real estate teams as a senior adviser.
Palatine adds two to advisory board
Palatine Private Equity has appointed Ian Darby and Michael Fort to its executive advisory board.
Listed PE discounts seen as buying opportunity
Wide discounts on listed private equity vehicles present a major buying opportunity, according to delegates at LPEQ’s recent conference in London.
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.
Siparex launches MidMarket III vehicle
French generalist GP Siparex has launched a new fund, Siparex MidMarket III, days after closing its MidCap II vehicle on €130m.
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.
CEO Simon Borrows invests £7m in 3i shares
Newly-appointed 3i chief executive Simon Borrows has bought four million shares in the company, worth slightly less than £7m, according to reports.
3i debt arm increases AUM by €2bn
3i Debt Management (3iDM) has added €2bn to its assets under management with the purchase of seven collateralised loan obligation (CLO) management contracts from investment manager Invesco.
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.