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 £50m investment in the company it created in April 2006. Lenders RBS, Bank of Ireland and Allied Irish Bank have written...