News
Hartley makes secondaries move
The time is ripe for secondaries, with four funds closing in 2009 already and another three launching this year
UK - Warburg Pincus seeks buyer for Archimedes Pharma
Global private equity house Warburg Pincus is reportedly seeking a buyer for UK-based Archimedes Pharma, a developer of pain relievers for cancer sufferers.
EUROPE - Commission proposals: a lucky escape
After the storm that followed the launch of the EU Commission's proposal for an Alternative Investment Fund Managers Directive the full text has finally been released, with one prominent lawyer describing the private equity industry as having had "a lucky...
NETHERLANDS - BC drops out of Essent Milieu process
According to reports, UK private equity firm BC Partners has dropped out of the auction for waste management business Essent Milieu.
CIS - EBRD may back Dragon’s Virgin Fund
The European Bank for Reconstruction & Development (EBRD), the largest investor in Central & Eastern Europe, may invest up to $30m in the Europe Virgin Fund, a vehicle sponsored by Dragon Capital to invest in FMCG, retail, industrials, telecom, media,...
FRANCE - Turenne provides EUR 1.7m to fund Satam acquisition
Turenne Capital has provided portfolio company Satam, a provider of industrial metering systems, with EUR 1.7m to finance the purchase of sector rival Meci.
GERMANY - JC Flowers turns down Government Hypo offer
It is understood that US private equity firm JC Flowers has turned down the German government's offer to buy its shares of Hypo Real Estate (HRE), saying the EUR 1.39 per share offer was too low.
UK- Blackstone-backed Deutsche Telecom may sell UK operations
Blackstone-backed Deutsche Telecom is reportedly under pressure from its main shareholders to sell its troubled UK mobile operations, T-Mobile.