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
Langholm Capital acquires Tyrrells
Langholm Capital has acquired crisp maker Tyrrells for £30m (€37.5m).
Tuesday, 15th April 2008
ACP launches renewable energy partnership
ACP Capital has established a platform for the acquisition and development of renewable energy assets in Italy and southern Europe through subsidiary ACP Capital Infrastructure.
Tuesday, 15th April 2008
Modus seals £11.6m development capital deal
Modus Private Equity has completed its third deal since it was established 18 months ago, taking a stake in Perspective Financial Group in a £11.6m (€14.5m) transaction.
Tuesday, 15th April 2008
Endless acquires portfolio from AIM conglomerate
Leeds-based turnaround investor Endless has acquired a portfolio of companies from AIM-listed Amco Corporation for a total of £9.4m (€11.75m). The Royal Bank of Scotland provided working capital facilities for the deal.
Tuesday, 15th April 2008
Bowmark backs £75m healthcare homes buyout
Bowmark Capital has backed the £75m (€94m) buyout of Healthcare Homes from August Equity.
Monday, 14th April 2008
Candover, KKR and Technip to battle for Expro
Oilfield technology-company Expro is understood to have received approaches from Kohlberg Kravis Roberts, Candover and Technip.
Monday, 14th April 2008
Lovells loses Italian private equity head
Lovells' Italian head of private equity is poised to leave the firm to join Simmons & Simmons in Milan.
Monday, 14th April 2008
Sovereign in £34m World Class Learning deal
Sovereign Capital has backed the £34m (€43m) management buyout of World Class Learning Schools & Systems.
Monday, 14th April 2008
Braveheart leads Spiral Gateway investment
Braveheart Ventures has led a £730,000 (€900,000) second round of funding for Spiral Gateway, a developer of technology for processing multimedia, wireless and broadband computing tasks.
Monday, 14th April 2008
Candover braves storm to float Ferretti
Candover is preparing to float Italian luxury yacht maker Ferretti despite uncertainty in the wider public markets.
Friday, 11th 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I think what's happened is that the concept of risk-adjusted rate of return has been replaced by what I would call risk-ignored rate of return, and people are substituting yield for credit judgement.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.
