The storm moves in
For many, business earnings are holding up and panic has not yet set in. But those that don’t start to prepare for trouble today will find that tomorrow is too late.
Tuesday, 24th June 2008
LATEST NEWS
Clayton Dubilier hires turnaround expert Kindle as partner
Clayton, Dubilier & Rice has appointed Fred Kindle as a partner based in the firm’s London office.
Friday, 6th June 2008
Wellington leads funding round for amiando
Wellington Partners has led an undisclosed first round of funding for amiando, a Munich-based online event organiser. Adinvest also participated in the financing.
Friday, 6th June 2008
Axon Capital backs Virgin Play
Axon Capital has led a €2.5m investment round for Spanish publisher Virgin Play, which produces video games for consoles such as the Sony Playstation range and Nintendo’s xbox 360.
Friday, 6th June 2008
Axa raises €1.6bn mid-market fund
Axa Private Equity welcomed back 95 per cent of its existing investors to hit a €1.6bn hard cap on its fourth generation LBO fund.
Thursday, 5th June 2008
Cinven in running for Jost
Cinven and Warburg Pincus are believed to be leading the race to acquire vehicle parts supplier Jost.
Thursday, 5th June 2008
Sofinnova Partners leads €20m first round of funding for Creabilis Therapeutics
Sofinnova Partners has led a €20m first round of funding for Italian pharma company Creabilis Therapeutics, which is developing medicines for dermatological diseases.
Thursday, 5th June 2008
Earlybird to sell dooyoo.de
Earlybird Venture Capital is to sell Berlin-based internet company dooyoo to LeGuide.com for an undisclosed sum.
Thursday, 5th June 2008
Inveralia fund hits €80m
Spanish private equity firm Inveralia has raised €80m for its latest fund.
Thursday, 5th June 2008
Aberdeen leads MBO of Nessco Group
Aberdeen Asset Managers Growth Capital has led the £4m management buyout of Nessco Group, a provider of telecommunication services to the energy and general industrial markets.
Thursday, 5th June 2008
Apax leads Sense Proteomic spin-out
Apax Partners has led the spin out of Cambridge-based biomarker discovery company Sense Proteomic from parent group Procognia.
Thursday, 5th June 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I think what's happened is that the concept of risk-adjusted rate of return has been replaced by what I would call risk-ignored rate of return, and people are substituting yield for credit judgement.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
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.
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.
LATEST ISSUE
Leader
The real PR war begins here
Soaring oil prices, plummeting house prices, Northern Rock and knife-wielding teenagers – nowadays, for a private equity investor to make the front pages, he has to be cavorting with rock stars or taking over a provincial building society.
Top Story
The storm moves in
For many, business earnings are holding up and panic has not yet set in. But those that don’t start to prepare for trouble today will find that tomorrow is too late.
Feature
Stefan Hepp: SCM Strategic Capital Management
With more than $6bn in private equity programmes, SCM’s Stefan Hepp is bullish on the mid-market, lukewarm on mezzanine and sees no improvement in European venture.
Comment
Get ready - to wait
Hopes for a deluge of western-style private equity deals in China are misconceived and premature.
News Analysis
Coelho’s clean break
The co-founder of Balderton reveals why he thought the time was right to quit the top-performing VC and join clean tech investor Good Energies.
