News
Unigestion gears up to invest in small and mid-market PE
Unigestion partners expect investment opportunities to emerge in the small-cap market
McDermott hires two in debt advisory team
Mark Fine and Aymen Mahmoud join the London office from Willkie Farr & Gallagher
Palatine appoints new partner to Impact Fund team
Palatine held a final close for its debut impact fund on ТЃ100m in September 2017
JTC appoints Dublin leadership team
Appointments follow JTC's recent acquisition of the corporate services business Cornerstone
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Mutares' Q1 2020 portfolio review: two exits and three acquisitions
Two of the acquisitions were platform investments and the GP expects to complete two more in Q2 2020
Graybella Capital pushes back first close for new fund to Q3
VC is using an SPV to still invest in companies and plans to merge it with the fund later
17Capital hires Sklar as senior adviser
Preferred equity provider is looking to bank on increased appetite for portfolio support products
3i posts 6% gross return for PE, down from 20% for FY 2019
3i made three new investments in the financial year for a total of ТЃ413m and completed 13 bolt-ons
UK CFOs anticipate 1-2 year's slip in exit timetables - survey
Of the 144 CFOs surveyed by Unquoted Advisory, 52% say investors have been "very supportive"
Acquisition prices for SMEs decline in Q1 2020 – research
Prices paid to acquire SMEs declined significantly to 9.3x EBITDA in the first quarter of 2020
IK hires Aoun as head of capital markets
Aoun joins IK from KKR, where he was a principal focusing on private credit and capital markets
Cambridge Associates hires Gunnee
Gunee joins from Mercer, where he was a partner and head of fiduciary management
Eight Roads-backed Picsolve enters administration
Deloitte has been appointed to find a buyer for the whole company or for a part of it
Weber family in asset deal for Ardian-backed Weber Automotive
Shareholder structure is unchanged and the automotive supplier's self administration continues
CapMan Growth hires partner for new growth fund
New vehicle will succeed CapMan Growth Equity Fund, which closed on a hard-cap of тЌ86m in 2017
KKR reports 12% Q1 loss in PE portfolio
GP cited $58bn dry powder, cheaper asset prices and steady management fees for being optimistic
Towerbrook to inject €100m in BC-backed CarTrawler in debt-for-equity swap
CarTrawler has тЌ120m of its TLB and тЌ25m of revolving credit facility debt outstanding
Ambienta raises $150m for absolute return fund
Ambienta X Alpha is managed by a team based in London, led by chief investment officer Fabio Pecce
YielCo hires new director
Volker van Rüth joins from his role as CEO of BayerInvest and has prior experience at Warburg Invest
DC Advisory promotes five in UK and Germany teams
Promotions are across the infrastructure, debt, Asia access, and consumer, leisure and retail teams
BGF releases 2019 results, reports operating profit of £133m
BGF invested more than ТЃ200m in 45 new companies and provided a further ТЃ144m in follow-on funding
CDP commits additional €100m to FoF PE Italia
New commitment brings the total capital raised by the private equity fund-of-funds to €300m
Andera hires Argos Wityu's Jay
Andera is currently deploying a series of funds, including BioDiscovery V and Winch Capital 4