News
UK - Electra's NAV drops 16% in H1
London-based Electra Private Equity has announced a relatively modest drop in net asset value of 16%, primarily as a result of mark-to-market writedowns.
SPAIN - N+1-backed Eolia sells wind farms to RWE
According to reports, N+1-backed Eolia Renovables has agreed to sell its 49% stake in three wind farms in Soria to co-owner RWE.
FRANCE - Quilvest PE invests EUR 6.5m into Swoon
Quilvest Private Equity has backed JDI Fashion, the owner of children's clothing retail chain Swoon, with an investment of EUR 6.5m.
SPAIN - Arcano launches EUR 200m fund-of-funds
Arcano Private Equity has launched Arcano Earth Fund, a private equity fund-of-funds focusing on clean technologies and renewable energy fund managers around the world, targeting commitments of between EUR 200-250m.
SPAIN - HgCapital acquires fifth Spanish solar plant
HgCapital, alongside local partners, has acquired a 5MW photovoltaic (PV) project from Montebalito SA and Invercartera Energia.
SPAIN - Foresight acquires 9MW Spanish solar plant
Foresight Group has acquired a 9MW solar photovoltaic (PV) plant in the Castilla-La Mancha region from Banco Santander for an undisclosed sum.
GERMANY/UK- PAI struggles to reach agreement with Monier Group's lenders
Private equity group PAI Partners is reportedly being challenged for its stake in German-based building materials company Monier Group (formerly Lafarge Roofing) by a group of distressed debt investors.
GLOBAL - CALPERS to allocate extra $9bn to private equity
The California Public Employees Retirement System (CALPERS) is considering a new asset mix, which could see the LP allocate an additional $9bn to private equity.
SWITZERLAND - AIG Private Equity credit facility terminated
Lenders to Switzerland-based AIG Private Equity Ltd have terminated the investor's $100m credit facility and requested repayment of the outstanding balance of $86m.
UK - August Equity boosts investment team
August Equity has hired Mehul Patel and Ranji Goodwin to its investment team.
EUROPE - RHJ joins suitors for European GM assets
According to reports, Belgian buyout firm RHJ International is interested in acquiring General Motor's European assets, and is said to consider an offer for Adam Opel GmbH, amongst others.
UK - CGC buys Pragma and Real Time in £27.8m deal
Close Growth Capital (CGC) has backed the ТЃ28m management buyout of Pragma and Real Time, the UK IT services businesses of Sword Group Plc, the listed French IT company. Scottish Enterprise, Clysedale Bank and management also invested.