News
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 €86m 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 €120m of its TLB and €25m of revolving credit facility debt outstanding
ECI makes two senior promotions
Firm has promtoed Steve Tudge to the position of non-executive chairman, effective October 2020
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 £200m in 45 new companies and provided a further £144m 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
Equistone-backed Novares Group in pre-receivership
Bidders have until the deadline of 13 May to submit offers for the automotive plastic parts producer
Andera hires Argos Wityu's Jay
Andera is currently deploying a series of funds, including BioDiscovery V and Winch Capital 4
Thyssenkrupp Elevator consortium seeks additional equity investors – report
Advent, Cinven and RAG Stiftung agreed to buy the company in February in a deal valued at €17.2bn
One third of GPs may suspend next fund marketing – survey
Investec's GP Trends survey reveals that 83% of GPs do not expect to make an exit in the next year
Carlyle has $74bn in dry powder to deploy
GP also says that its fundraising is likely to slow down amid the coronavirus outbreak
Tech, IT and software valuations remain stable – survey
Report from GCA Altium tracks the effect of the coronavirus crisis on listed technology companies
Eurazeo delays fundraising by up to nine months
GP's Growth Fund III was previously due to hold final close at the end of 2020
VGC appoints Read as director
Alex Read joins from Alantra, where he spent three years as an origination associate
Aksìa hires two
Edoardo Peroglio Longhin is appointed as investment manager and Guglielmo Orsatti as senior analyst
US pension fund pulls back private equity commitments
Milwaukee County reduces commitments to four private equity funds, from $79.5m to $63.5m
Lincoln International appoints two managing directors
Christian Schwarzmueller will join the DACH team while Florus Plantenga joins the London office