Lord Browne has resigned from his position as chairman of the Apax Partners Advisory Board to take a position with US private equity firm Riverstone Holdings. Browne, former BP chief executive, has joined Riverstone as managing director and managing partner and will be based in the London office of Riverstone, which will be opening shortly. Riverstone is a New York based firm focusing exclusively on the energy and power sectors. It co-manages an energy fund with the Carlyle Group.
Calucem reports a turnover of EUR 58m, with an EBITDA of EUR 16m
Should Apex make a firm offer, Cinven would have to significantly up its own bid for the fund administrator
Third exit announced by Lonsdale this year, and the second from its 2016 fund
Paris-based private equity firm is exploring options around a dual-track process