UNQUOTE

The year that was 2011: EMI saga ends, ISS woes continue

The year that was 2011: EMI saga ends, ISS woes continue
  • John Bakie
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The past year has been perhaps the most turbulent since the financial crisis hit. While there has been plenty of activity and a return of large deals, the Eurozone crisis has certainly had an impact.

Each day this week, unquote" takes a look at the highlights and lowlights of 2011.

January
-Scandinavian giants EQT and Nordic Capital both announced plans to raise new funds. However, EQT was forced to scrap its plans to sell ISS for around $8.5bn due to tough market conditions.
-France's private equity association AFIC appoints Paul Perpère as delegate general.
-The UK sees its first large-cap deal of the year, with Carlyle and Palamon backing the £600m creation of Integrated Dental Holdings.

February
- The bitter fight between Citigroup and Terra Firma over EMI finally ends, with Citigroup taking control of the beleaguered music publisher
- Gilde Buyout Partners and Parcom Capital Management take specialty retailer Gamma private for €392m.
-Finatem floats Derby Cycle Group on the Frankfurt Stock exchange for an enterprise value of €101m.

March
-EQT Partners divests Kabel Baden-Württemberg to US media enterprise Liberty Global for €3.2bn.
-First Reserve Corporation acquires a 45% stake in a major Italian producer of thermoelectric power plants in an MBO valued at €1.07bn.
-BC partners completes the secondary buyout of Phones4U from Doughty Hanson in a deal thought to be worth over £600m.

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