News
FRANCE - Materis seeks to change debt terms
Wendel-backed Materis, a speciality chemicals company, is reportedly seeking to change the covenants on its EUR 2bn debt.
FRANCE - Giannoni sale cancelled
Condensing technology company Giannoni, which was put on the block in June 2008 and had been courted by a series of buyout houses including LBO France, has been taken off the market.
EUROPE/US - Portfolio Advisors closes fifth fund above $1bn
Portfolio Advisors has closed its latest private equity fund-of-funds, Portfolio Advisors Private Equity Fund V, on just over $1bn.
UK - Mourant du Feu & Jeune promotes two to senior associate
Offshore law firm Mourant du Feu & Jeune has promoted Matt Crill and Damian Evans to senior associate.
UK - HSBC Private Equity sells TDG
HSBC Private Equity has wholly exited its investment in Transmission & Distribution Group (TDG), a supplier of partial discharge monitoring systems for electrical utilities and heavy industry, through a trade sale to Qualitrol Corporation for an undisclosed...
SWITZERLAND – Peter Schwanitz joins Portfolio Advisers
US fund-of-funds Portfolio Advisers has hired Peter Schwanitz as senior vice president for its Zurich office.
UK - Hermes wagers future for Riva
Riva Gaming Group has undergone a restructuring that will see backer Hermes Private Equity suffer a significant write down against its ТЃ50m investment in the company it created in April 2006. Lenders RBS, Bank of Ireland and Allied Irish Bank have written...
FRANCE - Clipperton Finance hires new partner
Corporate financier Clipperton Finance has hired Thibaut Revel as a new partner.
MOLDOVA - Horizon Capital-backed GC Prim secures $10m loan
Glass Container Prim (GC Prim), which is backed by Ukraine- and Moldova-based Horizon Capital, has secured a $10m 6-year loan from the Black Sea Trade and Development Bank.
UK - Collins Stewart appoints head of small- and mid-cap equities
Financial advisory group Collins Stewart has hired Martin Turner as head of small- and mid-cap equities.
ITALY - Sator appoints senior adviser
Private equity firm Sator Group has appointed Umberto Paolucci as senior adviser.
FRANCE - Oddo and Galiléo back MeilleurMobile with EUR 3m
Oddo Private Equity has joined returning investors Galiléo Partners and Fastnet Investissements for a EUR 3m third round of financing for online mobile telephone retailer MeilleurMobile.