News
EUROPE - American Capital seeks buyers for European portfolio
American Capital is reportedly seeking a buyer for its European arm, European Capital, with the price tag thought to be around $2bn.
UK/NORWAY - Kenda merges three portfolio companies
Kenda Capital has merged three of the portfolio companies in its managed fund Shell Technology Ventures Fund I to create Tendeka, an oil and gas services business.
GERMANY - Hasso Plattner Ventures invests in Feedzilla
Hasso Plattner Ventures has invested an undisclosed sum into software company Feedzilla AG, alongside business angels Arnon Katz and Mehrdaad Piroozram.
AUSTRIA - Paierl leaves UIAG
Herbert Paierl has stepped down from the exective board of UIAG.
GLOBAL - Abbott Capital closes sixth fund-of-funds on $1bn
Abbott Capital Management has closed its latest private equity fund-of-funds, ACE VI, on just over $1bn.
UK - GMG recommends change to Walker guidelines
The Guidelines Monitoring Group (GMG), which was created to regulate the Walker guidelines for the UK private equity industry, has recommended a change to the test that defines a qualifying portfolio company.
FRANCE - Alven et al. invest EUR 12m into Ercom
Alven Capital, OTC AM and A Plus Finance have invested EUR 12m into telecommunications company Ercom, alongside historic investor Capzanine, which remains the largest shareholder in the company.
EUROPE - Commission proposal launch lacks substance
At the time of writing the launch of the EU Commission's draft proposal covering private equity is still yet to be followed by the proposal itself, though this hasn't stopped it being greeted with a hostile response from industry trade bodies.
NETHERLANDS – CVC and KKR inject €520m into AVR/Van Gansewinkel
Private equity firms CVC and Kohlberg, Kravis and Roberts (KKR) have injected a €520m into their portfolio company waste management firm AVR/Van Gansewinkel.
NETHERLANDS - Cyrte acquires Bol.com
According to reports, pan-European investment firm Cyrte, has acquired online book retailer Bol.com from German media group Holtzbrinck Networks Verlag Welt and Bild in an auction organised by Goetz.
UK - Debt advisory heads leave Houlihan Lokey
Unquote" can exclusively reveal that joint heads of European debt advisory at investment bank Houlihan Lokey William Allen and Jonathan Guise have left the firm. Their departures come less than two years after joining as managing directors when the firm...
FRANCE - Blackstone recruits new senior MD
The Blackstone Group has hired Jean-Manuel Richier as senior managing director in its Paris office. Richier joins from Citigroup where he was the deputy head of the French investment banking division.