News
DBAG announces 20% fall in portfolio NAV
Portolio NAV has fallen by around 20%, but the GP's telecoms companies are largely unaffected
NPIF allocates £23.7m to Maven
Regions the fund invests in include Cheshire, Cumbria, Greater Manchester, Lancashire and Merseyside
Elysian III eyes first close in June
LPs in Elysian II include Hamilton Lane, Morgan Stanley and West Yorkshire Pension Fund
Stirling Square hires two
Stirling Square is currently investing from its fourth-generation fund, which closed on €950m
Silver Investment Partners appoints two partners
Promotion of Matthias Loos and Daniel Schmitz brings the Germany-based GP's partner team to five
Adcuram-backed Poggenpohl files for insolvency
Kitchen furnishings retailer plans to continue its restructuring and will seek new investment
October starts deployment of Italian direct lending fund
Firm also manages October SME IV, a European Long Term Investment Fund (ELTIF) with a €250-300m target
17Capital invests €100m preferred equity in European fund
Funds provided will enable the manager to invest further in their existing portfolio companies
EQT warns of "longer" fundraising for flagship vehicle
GP states it is currently focusing on developing existing portfolio companies until market recovery
Hg promotes Sanow to partner
Sanow has been involved in the Hg 6, Hg 7, Hg 8, Saturn, Mercury 1 and Mercury 2 fundraisings
Tikehau launches fund for Banca March private clients
Fund focuses on companies active in energy transition by financing their development and expansion
CVC attracts big LP tickets for new flagship fund
GP is aiming to raise €17.5bn by a June deadline and is already raking in large commitments
CMS expands Poland-focused team
CMS transactions team will continue to be led by partner Rafał Zwierz
Market braces for 12.6% drop in valuations by Q2 – report
NAVs expected to drop for Q1, with a steeper mark-down for Q2 as the crisis take its toll
Oakley hires Kienwald on legal team
Kienwald joins Oakley's legal team from his position as associate at Simpson Thacher & Bartlett
BC Partners hires Adia's Heberling
Heberling joins from the Abu Dhabi Investment Authority, where he was a senior member of the private equity team
Houlihan Lokey launches new GP advisory practice
New head Joseph Lombardo has previously worked at Stonyrock, Carlyle, JP Morgan and Morgan Stanley
SHS appoints Sascha Alilovic as managing partner
Alilovic has been a partner at SHS since 2018 and will succeed SHS founder Reinhilde Spatscheck
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Essling refocuses on co-invest and LBO, as co-founder departs
Michele Mezzarobba leaves the firm having co-founded it in 2017
KKR expects lower valuations for its portfolios due to Covid-19
GP forecasts that emergency restrictions will challenge its ability to market new funds and strategies
Border to Coast bolsters alternatives expertise with new hire
Thelwell's appointment comes as BCPP is looking to expand its internal investment capabilities
EC launches €300m platform Escalar
In its pilot phase, Escalar will provide up to €300m, backed by the European Fund for Strategic Investments
Duff & Phelps expands DACH-focused team
Demian Köster joins the firm from Metro Germany, while Klaus-Martin Haussmann joins from Rödl & Partner