Direct action
Ontario Teachers’ is not content to play the passive LP. The $110bn Canadian pension fund has cut out the middle man and is investing direct. Now it is coming to Europe.
Tuesday, 8th July 2008
LATEST NEWS
Advent in talks to buy Craegmoor Healthcare
Advent International is preparing to enter exclusive negotiations regarding the acquisition of the UK’s largest care homes group, Craegmoor Healthcare, for £300m (€379m).
Tuesday, 24th June 2008
3i takes a swing at handbag division
3i has invested €118m to take a 49 per cent stake in the handbags and accessories division of Antichi Pellettieri, the Italian branded leather accessories group.
Monday, 23rd June 2008
Canadian Supreme Court gives green light to BCE deal
One of the largest leveraged buyouts in history, the $35bn (€22.5bn) acquisition of telecoms business BCE, has been given the green light by the Supreme Court of Canada.
Monday, 23rd June 2008
Industrifonden backs cancer treatment group
Swedish venture firm Industrifonden has made a SKr10m (€1m) investment in ScandiDos, a company developing systems to monitor the quality of cancer treatment.
Monday, 23rd June 2008
Ashmore launches emerging markets special situations fund
Ashmore has launched its fifth emerging markets special situations fund, targeting an undisclosed sum.
Monday, 23rd June 2008
PAI Partners takes 18 per cent stake in Atos
PAI Partners has taken a 17.9 per cent stake in Atos Origin, becoming the computer services company’s largest shareholder.
Monday, 23rd June 2008
Hellman & Friedman in Informa consortium
US private equity firm Hellman & Friedman has emerged as part of the consortium which is in talks to buy media group Informa.
Monday, 23rd June 2008
Alnair buys stake in Kazkommertsbank
Alnair Capital has taken an 8.03 per cent stake in Kazkommertsbank, Kazakhstan’s biggest bank, for an undisclosed sum.
Monday, 23rd June 2008
3i to exit ABX Logistics
3i has agreed to sell ABX Logistics Worldwide for €750m to Nordic trucking company DSV.
Monday, 23rd June 2008
Monro enlists Permira for high street push
Angus Monro, the former Matalan and Marks & Spencer executive, has enlisted the support of Permira in an attempt to acquire a struggling high street chain.
Monday, 23rd 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I think what's happened is that the concept of risk-adjusted rate of return has been replaced by what I would call risk-ignored rate of return, and people are substituting yield for credit judgement.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
United we stand
The Danish Walker report – as it has inevitably been dubbed – makes its namesake’s once revolutionary strides towards transparency in private equity seem just a little
half-hearted.
Top Story
Direct action
Ontario Teachers’ is not content to play the passive LP. The $110bn Canadian pension fund has cut out the middle man and is investing direct. Now it is coming to Europe.
Feature
Back to front
As more onerous reporting requirements combine with recession-induced cost pressures, fund administration providers are stepping forward from the back office.
Comment
Get ready - to wait
Hopes for a deluge of western-style private equity deals in China are misconceived and premature.
News Analysis
Danish “Walker report” ups ante on disclosure
The Danish private equity and venture capital association, DVCA, has unveiled a set of transparency guidelines for buyout houses operating in Denmark.
