Weekly round-up: changes at the helm

Here is your weekly round-up of industry analysis provided by unquote".

• unquote" broke the news that Javier Loizaga has resigned from his role as CEO of Spain's largest private equity firm N+1 Mercapital. Communications sent to investors and seen by unquote" revealed a disagreement in strategy with regards to exposure to Latin America. After five years under Loizaga's stewardship, succession issues remain unresolved as the firm's existing partners wait to elect their next leader.

• unquote" learned that Andrew Steel has left HIG Capital. Steel had been with HIG since 2007, when the firm raised its first European fund on its €600m hard-cap.

• Alice Murray explored the reign of traditional corporate finance advisory fees in a constantly evolving private equity market. "We've had to become more focused on corporate finance in a broader sense; it's not just a transaction anymore," explained Alex Gaunt, partner in the recently created operational transaction services team at EY. The market is evolving, but are fee structures changing too?

• Women remain vastly under-represented in French investment teams, according to the latest survey by Deloitte and trade body AFIC. unquote" explored the key findings of the report, which revealed that men still account for 83% of staff in investment teams. Despite their best efforts, and attempts made by local GPs to redress the balance, diversity policies need a reboot.

• For the first time ever, the level of cash deployed in refinancings has exceeded that used in private equity buyouts. unquote" reported on the remodelling of UK debt markets on the back of a refinancing wave, as onlookers hail the fall of the debt wall.

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