LATEST NEWS

EVCA introduces global code of conduct for placement agents

EVCA has published a draft code of conduct for placement agents, setting out standards of behaviour and best practice among those who advise on fundraising processes.

Thursday, 2nd July 2009
Sweden EU presidency augurs well for private equity

Sweden has used the first day of its six-month EU presidency to launch a defence of the private equity and hedge fund asset classes.

Thursday, 2nd July 2009
Private equity volumes to increase

The volume of private equity investments in the UK will pick up in the next 12 months, according to a recent survey of industry executives.

Thursday, 2nd July 2009
Matrix generates 4x return on Tottel

Matrix Private Equity Partners has sold Tottel Publishing for £10m (€11.5m), generating a four-times return on its investment.

Thursday, 2nd July 2009
Venture trio acquire Projectplace International

Current shareholder Investor Growth Capital has acquired 90 per cent of Stockholm-based Projectplace International, alongside new investors Via Venture Partners and InnovationsKapital.

Thursday, 2nd July 2009
Wellington and Vinci lead SFr23m Symetis financing

Wellington Partners and Vinci Capital-Renaissance PME have co-led a CHF23m funding round in Swiss medtech group Symetis.

Thursday, 2nd July 2009
European cleantech raises €184m in second quarter

European and Israeli cleantech companies raised $259m (€184m) in 30 disclosed rounds in the second quarter of the year.

Thursday, 2nd July 2009
Banks set to take control of Incisive

Banks are close to reaching an agreement to take control of Apax Partners-backed business-to-business publisher Incisive Media in a debt-for-equity swap.

Wednesday, 1st July 2009
Gala Coral to shed more jobs

Gala Coral Group, the debt-laden gaming company backed by Candover, Cinven and Permira, is to shed up to 200 back-office staff in a latest round of cost-cutting measures.

Wednesday, 1st July 2009
Springer interest cools

Interest in Springer Science & Media, the German media company owned by Candover and Cinven, has cooled following first-round bids for the company.

Wednesday, 1st July 2009

QUOTES OF THE WEEK

I think what's happened is that the concept of risk-adjusted rate of return has been replaced by what I would call risk-ignored rate of return, and people are substituting yield for credit judgement.

Wilbur Ross

Private equity companies have targeted car parks as a cash cow, taking over £1 billion out of the industry in the last few years

Rob Kelsall, GMB, responsible for car park workers
Queen fails to save Northern Rock 18, 18 Oct 2007 May the Esprit be with you 18, 18 Oct 2007 Flat tax haven 18, 18 Oct 2007 The deer-hunter 18, 18 Oct 2007
Q&A: Daniela Barone Soares

The chief executive of Impetus and leading light in venture philanthropy on using the due diligence model for charitable funding, the success of St Giles Trust and the steady rise in thoughtful giving.


Q&A: Jon Moulton

Real Deals asks outspoken and controversial Alchemy managing partner Jon Moulton the tough questions about the cost of candidness, his own early casualties, and his future at Alchemy and beyond.


Q&A: Andrew Rickman

Bookham founder and one of a new breed of “super angel” talks about plans for the Rockley Group, fault lines in the traditional venture capital model and his vision for the industry once recession is finally over.


Q&A: Stan Boland

The president and CEO of venture-backed Icera talks about the importance of passionate investors, planning for a severe downturn and selling VCs on the big idea.


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LATEST ISSUE

Leader

Masters of the universe or local heroes? Masters of the universe or local heroes?

Former UN secretary general Kofi Annan once  said that arguing against globalisation was like arguing against the laws of gravity. But Annan also acknowledges that while globalisation is a fact of life, we have underestimated its fragility.

Top Story

Q&A: Peter Taylor, Duke Street Q&A: Peter Taylor, Duke Street

The managing partner of Duke Street on rewards for failure in the public markets, the spectre of LP demands and close encounters with the Pensions Regulator.

Feature

Stephen Halladay, DLA Piper Stephen Halladay, DLA Piper

The group head of EMEA restructuring at DLA Piper on company voluntary agreements, the consensual approach and the finer points of advising on a complex retail administration.

Comment

Cash 22 Cash 22

When investors are obliged to meet cash demands that they did not fully budget for, while their bonds fail to generate the cash predicted of them, a grisly situation awaits.

News Analysis

Munich: the main event Munich: the main event

In the first of a special series on venture hubs, Real Deals profiles Munich, arguably Europe’s largest centre for VC activity.


RD 2.7.09

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