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News

Dutch bank NIBC
NIBC board supports Blackstone takeover offer

JC Flowers and Reggeborgh are majority shareholders in the listed Netherlands-based bank

  • Investments
  • 26 February 2020
Back on the fundraising trail
Pantheon on road for next credit secondaries fund

First fund closed on €250m in February, with commitments from German LPs only

  • Secondaries
  • 26 February 2020
New hires and promotions
StepStone names secondaries-focused Johnston as partner

Adam Johnston is a member of StepStone's private equity secondaries practice

  • LPs
  • 25 February 2020
Pensioner travel insurance
US pension set to back Pantheon secondaries fund

Pantheon Global Secondaries Fund VI has a focus on GP-led transactions in Europe and North America

  • LPs
  • 25 February 2020
Nicolas Dufourcq and Bruno Le Maire with Khaldoon Khalifa Al Mubarak and Waleed Al Mokarrab Al Muhairi
Mubadala commits €1bn to BPI France mega-fund

Fund aims to raise €10bn, which will be invested in approximately 15 listed companies

  • Funds
  • 25 February 2020
Claire Blackhall of Dunedin
Dunedin appoints Blackhall and Morrison

Claire Blackhall and James Morrison joined the company in 2019

  • People
  • 24 February 2020
Taxi drivers and car-sharing apps
Cheyne leads Addison Lee recapitalisation, Carlyle exits

Addison Lee's US business has also been acquired by RMA Worldwide Chauffeured Transportation

  • Exits
  • 21 February 2020
David Revcolevschi of McDermott Will & Emery
McDermott hires Revcolevschi as partner

Before joining the Paris-based team, David Revcolevschi was partner at Paul Hastings and Freshfields

  • People
  • 20 February 2020
Job applications and new recruits
Tikehau closes GP-led secondaries process with Five Arrows

Secondaries process of six balance-sheet assets was tied to the fundraise for Tikehau Growth Equity II

  • Secondaries
  • 20 February 2020
Company management teams and non-executive directors
Italian family offices join forces to invest in VC

Cube3 is intended to help Italian investors gain exposure to international investments strategies

  • LPs
  • 19 February 2020
Car tyres
Bain-backed Fintyre Germany for sale in insolvency proceedings

Tyre retail group is up for sale with PwC advising, following the insolvency of several subsidiaries

  • Investments
  • 19 February 2020
A businesswoman shakes on the agreement
LPeC appoints Botwood Smith as CEO

UK-based Listed Private Capital (LPeC) has appointed Deborah Botwood Smith as its chief executive

  • People
  • 19 February 2020
Direct lending funds
US pension earmarks $25m for private debt secondaries

Augusta-based MainePERS has invested 3.5% of its portfolio to alternative credit

  • Secondaries
  • 17 February 2020
Eckhardt Weber of Heal Capital
Heal Capital names Weber as managing partner

Eckhardt Weber will manage the firm along with managing director Christian Weiß

  • GPs
  • 13 February 2020
People moves and promotions
Sofinnova hires Carroll as head of investor relations

Robert Carroll previously worked at PwC and Mercury, as well as several pharmaceutical companies

  • GPs
  • 13 February 2020
Direct secondaries acquisition
Eurizon launches private markets arm

New organisation, which has been operating since December 2019, has €3.4bn in AUM

  • LPs
  • 13 February 2020
Auto parts
Reiff Reifen files for insolvency

Bain's tyre wholesale and retail group European Fintyre Distribution bought the company in 2017

  • Investments
  • 13 February 2020
People moves and promotions
Hamilton Lane backs Legend Capital fund restructuring

Continuation fund is backed by institutional investors and has a five-year holding period

  • Secondaries
  • 13 February 2020
Daniel Berglund of Nordic Capital
Nordic Capital promotes Berglund to partner

Daniel Berglund will focus on the area of technology and payments, as well as healthcare IT

  • People
  • 12 February 2020
Kate Simpson of Campbell Lutyens
Simpson joins Campbell Lutyens as general counsel

Kate Simpson has previous experience with Proskauer Rose and was also a partner at Kirkland & Ellis

  • People
  • 12 February 2020
Promotions and appointments
Angel CoFund appoints Octopus's Whitehead and Cole

Alliott Cole of Octopus Venture will retain his role as CEO of the venture capital firm

  • People
  • 12 February 2020
Baby toys and clothes
Alfi to acquire Baby Center and Pikapoka

Announced transaction is scheduled for completion in the second half of this year

  • CEE
  • 11 February 2020
Portfolio reorganisations
Californian pension SCERS searches for alternatives consultant

Interviews with the most qualified respondents are expected to take place in May

  • LPs
  • 10 February 2020
The Star Capital sale of Pepcom to Tele Columbus highlights consolidation in the DACH cable market
EQT, Omers buy Deutsche Glasfaser from KKR

Company has a reported enterprise value of €2.5-3bn and will merge with EQT portfolio company Inexio

  • Infrastructure
  • 10 February 2020
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