The direct approach
As conventional exit options dry up, direct secondaries transactions are beginning to hit GPs’ radars. Will the economic slowdown bring them into the mainstream?
Tuesday, 13th May 2008
LATEST NEWS
Isis-backed SLC buys Homelife Options
Isis Equity Partners-backed SLC Group has acquired healthcare services business Homelife Options.
Friday, 25th April 2008
HitecVision invests $120m in Spring Energy Norway
HitecVision has invested $120m (€76m) in oil and gas company Spring Energy Norway through its HitecVision V fund.
Friday, 25th April 2008
CalPERS chief quits to go green
Russell Read, chief investment officer of the California Public Employees’ Retirement System, has quit the pension fund after less than two years in the job.
Thursday, 24th April 2008
CVC buys Dutch supermarket chain
CVC Capital Partners has acquired a 73.2 per cent stake in Dutch supermarket chain Schuitema from supermarket group Ahold in a deal that values the company at €950m.
Thursday, 24th April 2008
Crédit Agricole Private Equity raises €600m infrastructure fund
Crédit Agricole Private Equity has raised €600m for a fund dedicated to investments in the public-private partnership infrastructure sector.
Thursday, 24th April 2008
Longbow leads £1m Domainex investment
Longbow Capital and the Capital Fund have invested £1m (€1.25m) in biopharmaceutical company Domainex – a spin-out from University College London.
Thursday, 24th April 2008
Haemostatix receives £1.24m follow-on round
Spark Ventures, Catapult and the National Endowment for Science, Technology and the Arts have invested a further £1.24m (€1.55m) in drug development company Haemostatix.
Thursday, 24th April 2008
Ludgate invests £4m in Rapid Action Packaging
Ludgate Environmental Fund is to invest £4m (€5m) in Rapid Action Packaging – a manufacturer of cost effective, ergonomic and environmentally friendly packaging solutions.
Thursday, 24th April 2008
TPG sells luxury shoemaker
TPG Capital has sold 150-year-old shoemaker Bally to luxury goods company Labelux.
Wednesday, 23rd April 2008
CVC appoints head of telecoms
CVC Capital Partners has appointed Lorne Somerville as its head of telecoms.
Wednesday, 23rd April 2008QUOTES 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I think what's happened is that the concept of risk-adjusted rate of return has been replaced by what I would call risk-ignored rate of return, and people are substituting yield for credit judgement.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 RossPrivate 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
Robert Coke: Wellcome Trust
Senior investment officer Robert Coke on sleepy GPs, listed management companies and plans to become a debt provider.
Q&A with Simon Walker
The new chief executive of the BVCA has big ambitions for the UK’s venture capital and private equity industry in 2008.
James Caan
As the latest member of the panel on the BBC’s Dragons’ Den, serial entrepreneur James Caan is gaining a new perspective on backing businesses.
Mark Fox
As head of communications at the BVCA, Mark Fox has witnessed a period of huge growth in the coverage of private equity – and a summer of unprecedented media attention.
LATEST ISSUE
Leader
The sins of the parent
It is not often that the UK chief of a mid-market private equity house ups and leaves in the midst of an ignominious deal collapse. So when European Capital co-founder Simon Henderson walked away from the firm he helped create last week, the news was greeted with shock.
Top Story
The direct approach
As conventional exit options dry up, direct secondaries transactions are beginning to hit GPs’ radars. Will the economic slowdown bring them into the mainstream?
Feature
An interview with Doug Miller
The outgoing EVPA chairman talks about private equity’s cynics, the evolution of venture philanthropy, and why investors should not hide their charitable activities.
Comment
Full stream ahead
European GPs are increasingly adopting the US’s deal-by-deal approach to waterfall distribution. But it’s not all smooth sailing, says Stephen Sims of Macfarlanes.
News Analysis
Wellington partners: ready for battle
Exceeding its fundraising target was the easy part. Now for the US-style returns.
