LATEST NEWS: MID-MARKET

Litorina acquires Textilia

Litornia Kapital, the Swedish private equity firm, has acquired washing and textile services provider Textilia for an undisclosed sum from Bure Equity.

Wednesday, 27th August 2008
HSBC Private Equity appoints two

HSBC Private Equity has appointed two new members to its investment team, bringing in Grant O’Neill as an investment manager and Helen Posner as an associate.

Wednesday, 27th August 2008
Segulah completes take-private of Gunnebo Industrier

Segulah has received shareholder approval for its take-private of indsutrials group Gunnebo Industrier.

Friday, 22nd August 2008
AAC Capital secures sauna acquisition

AAC Capital has created the world’s largest sauna manufacturer through the acquisition of the Tylö Group.

Friday, 22nd August 2008
Close appoints Sheahan as director

Close Brothers has appointed Dan Sheahan as a director in its Manchester office.

Friday, 22nd August 2008
Amanda chief executive steps down

Petteri Änkilä, the chief executive of Finnish private equity firm Amanda Capital, is to step down from his role.

Friday, 22nd August 2008
Waterland pays off gambling debt

Waterland Private Equity has injected fresh equity into portfolio company JVH Gaming, as well as clearing the business's €295m debts.

Thursday, 21st August 2008
WL Ross ups stake in Wagon

WL Ross has made an investment of €47m in European automotive supplier Wagon, upping its stake in the business from 15 per cent to more than 75 per cent.

Thursday, 21st August 2008
Floors-2-Go saved from administrators

More than 200 jobs at troubled retailer Floors-2-Go have been saved after the firm was bought from administrator Kroll by the Hodges brothers.

Monday, 18th August 2008
Private equity firms line up for Reed second round

A number of private equity firms are lining up for the second round of bidding for the magazine unit of listed information group Reed Elsevier.

Monday, 18th August 2008

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I think what's happened is that the concept of risk-adjusted rate of return has been replaced by what I would call risk-ignored rate of return, and people are substituting yield for credit judgement.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

Q & A

Karsten Langer
Karsten Langer, deal origination partner at global private equity house Riverside, describes the firm’s plans for international domination of the lower mid-market.
Jonathan Russell
The new chairman of EVCA and 3i’s global head of buyouts warns that unless the industry is unified, it faces a continental wave of anti-private equity legislation.
Second chances
As primary private equity investors feel the full force of a credit crisis and global slowdown, a panel of counter-cyclical secondaries experts are preparing for a deluge of deal flow.
Robert Coke: Wellcome Trust
Senior investment officer Robert Coke on sleepy GPs, listed management companies and plans to become a debt provider.
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LATEST ISSUE

Leader

It’s crunch time It’s crunch time

The European private equity community is solemnly marking the first anniversary of the credit crunch this week with an extended summer holiday.


Top Story

20 most Influential 20 most Influential

A tumultuous 12 months on from the onset of the credit crunch, we asked 500 of the industry’s biggest hitters to name the most powerful people in European private equity.

Feature

London 2012: the private equity opportunity London 2012: the private equity opportunity

As the British public gets behind its athletes in Beijing this month, UK private equity firms are also under starter’s orders. Buyout houses targeting everything from construction and hospitality to recruitment, software and plumbing are preparing to compete for the Olympian opportunities presented by London 2012.

Comment

Will buyout terms protect LPs? Will buyout terms protect LPs?

The simple arithmetic of private equity means refinancing concerns go a lot further down the deal spectrum than anyone previously thought.

News Analysis

Parting companies Parting companies

Partech International Partners, the latest in a string of transatlantic divorces, has reignited the question of whether long-distance relationships can last.