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
Styles & Wood mulls MBO proposal
An unnamed private equity firm has submitted a management buyout proposal for Altrincham-based shopfitter Styles & Wood.
Thursday, 17th April 2008
3i takes stake in Union Radio
3i is to take a significant minority stake in Spanish radio operator Union Radio.
Thursday, 17th April 2008
HIG Capital sues second firm for trademark breach
Transatlantic mid-market investor HIG Capital has launched a law suit against a new US rival H&G Capital for trademark infringement.
Wednesday, 16th April 2008
Private equity firms pick up $5bn of Deutsche loans
Deutsche Bank has sold a $5bn (€3.1bn) chunk of leveraged buyout loans to private equity firms in the US, with similar sales expected to begin in Europe.
Wednesday, 16th April 2008
Linthwaite joins Carbon Trust
Former BVCA chief executive Peter Linthwaite has joined CT Investment Partners as managing partner.
Wednesday, 16th April 2008
Sovereign makes it two in a row with Paragon MBO
Just a day after announcing its £34m (€42.5m) management buyout of World Class Learning Schools, Sovereign Capital has expanded its education portfolio with the acquisition of Paragon Education & Skills.
Wednesday, 16th April 2008
Partners Group opens in Luxembourg
Partners Group has broadened its geographical network with a new office in Luxembourg.
Wednesday, 16th April 2008
Butler Capital rebuilds team after spin-out
Butler Capital Partners has appointed two new directors to its team.
Wednesday, 16th April 2008
JC Flowers considers withdrawing Friends bid
JC Flowers is understood to be considering withdrawing its £3.5bn (€4.4bn) offer for Friends Provident.
Tuesday, 15th April 2008
Buyout firms circle Mitchells & Butlers
Listed pub group Mitchells & Butlers confirmed yesterday that a number of private equity firms have expressed an interest in the business, with Permira, Bain Capital, the Blackstone Group and CVC Capital Partners all rumoured to be in the frame.
Tuesday, 15th 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I think what's happened is that the concept of risk-adjusted rate of return has been replaced by what I would call risk-ignored rate of return, and people are substituting yield for credit judgement.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.
