News
Sator and Palladio make new bid for Fondiaria
Private equity funds Palladio Finanziaria and Sator have made a bid of up to €400m each to take control of troubled Italian insurer Fondiaria-SAI, rivaling plans for a merger with Italian financial services company Unipol.
UK: GP confidence wanes
Only 57% of UK-based PE houses expect the British economy to pick up in 2012, according to Investec's latest private equity industry barometer.
Maven appoints new investment director
Maven Capital Partners has hired Ben Bolt as investment director.
EADS CEO Louis Gallois to join FSI board
Louis Gallois, the CEO of European aerospace and defense corporation EADS, is due to join the board of French sovereign wealth fund Fonds Stratégique d'Investissement (FSI), according to French daily newspaper Les Echos.
Gresham appoints investment manager
Mid-market GP Gresham Private Equity has appointed Adam Rudd as investment manager in its Manchester office.
Law firm e|n|w|c in merger with Taylor Wessing
Austrian law firm e|n|w|c has merged with international counterpart Taylor Wessing.
Telefónica launches VC arm in Spain
Telecommunications group Telefónica has launched a venture capital subsidiary, Telefónica Digital Venture Capital.
Syntegra to float Moleskine
Syntegra Capital confirmed yesterday it is looking to float Italian notebook and diary brand Moleskine at the company’s annual results presentation.
PE firms circle Premier Foods' spread businesses
TDR Capital, CapVest and Morgan Stanley Private Equity are reportedly due to submit first round bids for Sun Pat and Hartley's Jam, two businesses owned by Premier Foods.
Riverside promotes Juan Barnechea
The Riverside Company has promoted Juan Barnechea, who heads the firm’s origination team in Europe, to managing director.
3i looking to sell Enterprise to Ferrovial
3i is planning to sell support services company Enterprise to Spanish infrastructure operator Ferrovial, according to reports.
SEP appoints ex-MSP to advisory board
Former Scottish Labour Party leader Wendy Alexander has joined the advisory board of Scottish Equity Partners (SEP).
GPs warned over exit clauses
GPs are being warned to ensure pre-emption rights on deals are properly drafted, after recent cases highlighted potential pitfalls.
Lloyds announces six senior promotions
Lloyds's acquisition finance team has promoted six professionals to senior positions across Europe.
Belgian, Chinese sovereign funds to launch joint vehicle
China Investment Corporation (CIC) is launching a small fund to help domestic companies make investments in Europe in partnership with Belgian Federal Holding Company and A Capital.
Carlyle falls short of IPO target
The Carlyle Group raised $671m in its initial public offering, falling significantly short of its already conservative target of $762.5m.
3i Debt Management appoints new portfolio manager
David Fewtrell has joined 3i Debt Management as a portfolio manager.
UK government sells remaining stake in Actis
Emerging markets investor Actis has bought the remaining 40% shareholding held in the company by the UK government for £8m.
SJ Berwin appoints six partners
SJ Berwin has named six new partners, including one new hire, in its London, Frankfurt and Munich offices.
Altius adds to infrastructure team
Altius Associates has appointed Reyno Norval to the global infrastructure and real assets team in London.
Permira eyeing Nokia luxury phones
Permira is looking to pick up luxury phone manufacturing business Vertu from Nokia, reports suggest.
JPEL extends credit facility with Lloyds TSB
JP Morgan Private Equity Ltd (JPEL) has extended a $150m multi-currency credit facility with Lloyds TSB Corporate Markets.
ISIS appoints four partners
ISIS Equity Partners has promoted Pete Clarke, Liz Jones, Paul Morris, and Daniel Smith to partner.
McDermott hires Dewey & Leboeuf duo
Law firm McDermott Will & Emery has officially appointed Mark Davis and Russell Van Praagh as partners in the firm's London offices.