News
AXA pays $1.7bn for Citi’s 207 LP stakes
Large transactions continue to drive the market, fueling suspicion that this year’s total will surpass last year’s record $20bn. Kimberly Romaine reports
N+1 in talks to buy Corporación IBV
N+1 Private Equity is in talks to buy most of the portfolio of industrial holding company Corporación IBV, according to sources cited by Spain’s El Confidencial.
Beaubridge to announce two deals this summer
Beaubridge, the new name for Partner Capital ONE, has four deals in its pipeline, two of which are likely to close in the coming months.
Silverfleet announces changes in its Paris team
Silverfleet Capital has added Alexandre Lefebvre and Cyril Bourdarot to its Paris team.
Apax, CVC and KKR in talks to acquire 20% of Caser
Private equity firms Apax Partners, CVC Capital Partners and KKR are at a critical stage in their talks with Caser about purchasing a 20% stake in the Spanish insurance firm.
Ex-Citi banker to join Terra Firma
Terra Firma is set to appoint Kamal Tabet, a former Citigroup investment banker, as managing director and head of investor relations, according to media reports.
General Atlantic appoints senior vice president
General Atlantic (GA) has hired Andrew Given as senior vice president of its global Resources Group.
French state launches €400m innovation fund
The French government has announced the launch of a €400m fund designed to back innovative technology companies.
Activa Capital hires investment manager
French mid-market firm Activa Capital has appointed Jean-Baptiste Salvin as investment manager.
CVC seeks Colomer buyer
CVC Capital Partners is searching for a buyer for its Spanish portfolio company, Colomer Group, a manufacturer of hair and nail care products.
Riverside's Karsten Langer becomes EVCA chairman
The general assembly of the European Venture Capital Association (EVCA) has elected Karsten Langer, partner of The Riverside Company, as its chairman for the year to June 2012.
DC Advisory Partners announces two managing directors
DC Advisory Partners has appointed Norbert Schmitz and Johannes E. Schmittat as managing directors to lead its debt advisory and financial restructuring team in the Frankfurt office.
Tandem Capital fund closes down
Spanish private equity firm Tandem Capital has announced that it will be ceasing all operations of its €40m fund next month.
CalPERS appoints new private equity investment executive
The California Public Employees’ Retirement System (CalPERS) has appointed Real Desrochers as its new private equity investment executive.
Maven opens Edinburgh office and expands its team
Maven Capital Partners has opened an office in Edinburgh and appointed four investment and portfolio executives.
Zurmont Madison announces new industry partner
Rainer Reichert has joined Zurmont Madison Management’s board of directors.
Weinberg appoints director of investor relations
Weinberg Capital Partners has appointed Sophie Chateau as director of investor relations.
Apax Partners launches €9bn fund
Apax Partners is currently marketing its eighth fund and is aiming to raise at least €9bn, according to media reports.
Blackstone et al consider BMN investment
Blackstone, Lone Star and Cerberus are among the private equity firms which have offered to invest in major Spanish financial group BMN.
Exponent in exclusive talks for BBC Magazines
Exponent Private Equity is in exclusive talks to acquire BBC Worldwide’s magazine business BBC Magazines, according to reports.
BC Partners further exits Médica
TBU-3 International, a holding owned by BC Partners, has sold a 28.1% stake in listed French homecare company Médica.
BlackRock adds direct private equity
BlackRock has announced the addition of private equity to its alternative offerings for clients.
Invest AD and SBI to inject $100m into Turkish private equity
Abu Dhabi's Invest AD and Japan's SBI Holdings are investing in a new private equity fund worth $100m, which focuses on acquisitions in Turkey.
Colony and Butler Capital to exit PSG
Colony Capital and Butler Capital are about to sell French football club Paris St Germain (PSG) to the Qatar Investment Authority (QIA), according to French daily Le Parisien.