News
ITALY - 21 Partners in Rgi delisting
Reports indicate that private equity firm 21 Partners and Sirius Holding could be moving to delist software company Rgi SpA.
FRANCE - BV and Alven complete EUR 5m MyFab investment
BV Capital has joined returning investor Alven Capital in a EUR 5m funding round for e-commerce platform Myfab.com.
UK - Buffini steps down as Permira chairman
It is understood that Permira chairman Damon Buffini is to step down as chairman in the coming year.
UK - 3i to return to FTSE 100
3i is set to return to the FTSE 100 index, as its share price has more than doubled in the past three months after having fallen 45% in the previous quarter.
FRANCE - Evolem purchases majority stake in Edé Ruy
Evolem has taken a majority share in Edé Ruy, a producer and distributor of food products to the restaurant sector.
FRANCE - Seventure invests EUR 6m into Polaris
Seventure Partners has invested EUR 6m into Polaris, a producer of nutritional lipids.
UK - EQT to inject £100m into SSP
Swedish private equity fund EQT reportedly plans to inject £100m of fresh equity into portfolio company Select Service Partners (SSP), Britain's largest railway food and beverage concession operator, which includes brands such as Upper Crust, Mille's...
FRANCE/GERMANY - PAI set to lose Monier to creditors
PAI partners has seemingly resigned itself to losing control of of troubled roofing business Monier Group (formerly Lafarge Roofing), after the lending consortium led by distressed investors Apollo, TowerBrook Captial and York Capital submitted a counter...
EUROPE - Private equity interest in Thomas Cook
Both private equity and trade buyers are reportedly circling Thomas Cook, Europe's second biggest tour operator, after its majority stakeholder, German retailer Arcandor, filed for insolvency on Tuesday.
UK - Impax appoints managing director
Renewable energy-focused investor Impax Asset Management has hired Daniel von Preyss as managing director of private equity for the Impax New Energy Investors LP fund (NEI).
UK - ZPE appoints business development director
Zeus Private Equity (ZPE) has hired Johnathan Massey as business development director.
UK- Augusta boosts debt advisory and restructuring team
Merchant bank Augusta & Co has hired Rachael Luxton as director in its debt advisory and restructuring practice.
SWITZERLAND - SECA Chairmann to stand down
Dr Massimo Lattmann, chairman of Swiss venture capital association SECA, has announced that he will not seek re-election at the next general assembly of the private equity trade body.
SWITZERLAND - AIG PE reaches agreement with lenders
Listed investor AIG Private Equity has reached a standstill agreement with its banking consortium, with which it has a $100m credit facility.
NORDIC - The winner takes it all
"There will be winners and losers coming out of this recession," said 3i partner Alan MacKay, speaking today at the Nordic unquote" Private Equity Congress in Stockholm, adding that finding new financing solutions today will be what separates the wheat...
UK - Index Ventures et al. invest £8m into Alertme
Index Ventures, Good Energies, SET Venture Partners and VantagePoint Venture Partners have invested £8m into online smart energy savings systems provider Alertme in a series-B funding round.
UK - Aberdeen backs buyout of its private equity business
Aberdeen Asset Management has backed the management buyout of its own private equity business for an undisclosed sum, retaining a significant minority stake believed to be in the region of 25%.
UK - Charterhouse in talks to acquire Candover's Wood Mackenzie
UK buyout house Charterhouse Capital has reportedly entered exclusive talks to acquire Candover-backed energy consultancy firm Wood Mackenzie for £550m.
FRANCE - Montefiore ups stake in Auto Escape
Montefiore Investment has increased its shareholding in Alternext-listed car rental business Auto Escape to 80%.
UK - Apax writes down investment in Emap
Buyout house Apax has reportedly written down to zero its investment in Emap, a business-to-business publisher with titles including Retail Week and Broadcast.
EUROPE - Stronger cooperation among European associations
Europe's private equity trade bodies have vowed to work closely together to drive improvements to the proposed Alternative Investment Fund Managers Directive launched by the European Commission in April this year.
FRANCE - Natixis hires new head of debt and financing
Natixis has appointed Jean Cheval as the new head of debt and financing division.
UK - Notion Capital invests in Cellcrypt
IT-focused vehicle Notion Capital has led an undisclosed investment into mobile voice solutions provider Cellcrypt, alongside existing investors.