News
Swedish compromise on carried interest taxation
The Swedish Ministry of Finance has proposed that a proportion of carried interest be taxed as standard income, after which any proceeds are taxed as capital gains.
Distressed debt funds called in for Fitness First
BC Partners has called in distressed debt firms Oaktree Capital and Marathon following Fitness First’s failure to meet repayments, according to reports.
ECI appoints new investment manager
UK mid-market GP ECI Partners has appointed Joe Garrood as investment manager in its London office.
Michael Queen steps down from 3i
3i chief executive Michael Queen has announced his intention to step down.
Crédit Agricole PE becomes Omnes Capital
Coller Capital has finalised the acquisition of Crédit Agricole Private Equity (CAPE), which has been renamed Omnes Capital.
Ambienta announces international expansion and new hires
Italian private equity firm Ambienta SGR has announced the expansion of its business to Munich, to capitalise on investment opportunities in Germany and Central and Northern Europe.
CVC to refinance Formula One Group
CVC has launched a process to refinance portfolio company the Formula One Group.
HgCapital promotes one, hires seven
HgCapital has announced the promotion of Kai Romberg to partner at the firm and made seven new hires at associate level.
Ex-PAI keyman joins CVC
CVC Capital Partners has hired Bertrand Meunier, the former partner committee chairman at PAI Partners, as managing partner and member of the PE board.
LBO France delays fundraising effort
French mid-cap GP LBO France has pushed back the launch of its next €1.5bn White Knight IX vehicle - which was supposed to take place in Q1 - to Q3 2012, according to French publication Capital Finance.
KKR adds John Mack to senior team
KKR has hired John Mack as a senior adviser, joining its team of around two dozen top professionals.
Montagu strengthens French team
Montagu Private Equity has hired Antoine de Peguilhan as investment director and Adrien Sassi as analyst in its Paris office.
Darby appoints Podziewski head of Warsaw office
Darby Private Equity has appointed Arkadiusz (Arek) Podziewski principal and new head of its Warsaw office.
De Pardieu Brocas Maffei appoints new counsel
French law firm De Pardieu Brocas Maffei has hired Maxime Dequesnes as counsel in its private equity practice.
Baird looking to raise £250m
UK-based mid-cap investor Baird Capital Partners Europe is currently raising a £250m fund, according to a source close to the situation. The firm's previous vehicle closed on €204m in 2005.
Novasep in €310m recap
French specialty chemicals company Novasep has completed its €310 recapitalisation, to which the FSI and Azulis Capital have contributed €33m in equity.
Chancellor reneges on VCT investment cap
As part of yesterday’s Budget, the government has confirmed that previously announced changes to the Enterprise Investment Scheme and VCTs will go ahead. But a retrospective change to the annual investment limit spells trouble for the VCT community...
Apax fund reaches €4.3bn first close
Apax Partners has raised €4.3bn for its eighth buyout fund in just 10 months, according to media reports.
Alvarez & Marsal expands French team
Alvarez & Marsal (A&M) has appointed Olivier Dubois as managing director, based in the Paris office.
Schmirl joins GMP Mezzanine-Partner
Gamma capital partners has hired a new partner, capital markets expert Manfred Schmirl, who has joined Gamma MezzoPreneurs’ industry network, GMP Mezzanine-Partner.
Carlyle hires Lloyds banker
Carlyle has announced that Alexander Pietruska will join the firm from Lloyds Banking Group as managing director and European head of global financial services partners.
Warburg Pincus appoints Simon Eyers as MD
Warburg Pincus has announced the appointment of Simon Eyers as a managing director. Eyers will focus on energy investments in Europe and emerging markets from his base in the firm's London office.
Mayers joins MML
Richard Mayers has been appointed investment director in MML Capital Partners' London team.
Groupama to sell private equity arm
Groupama has announced it is looking to sell its private equity business which manages assets worth €1.8bn.