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
Banco Popolare and Palladio Finanziaria seal private equity partnership
Banco Popolare and Palladio Finanziaria have signed a letter of intent to set up a partnership in the private equity sector.
Tuesday, 17th June 2008
Sussex Place Ventures invests in For Goodness Shakes
Sussex Place Ventures has led a £1.5m (€1.9m) investment for sports drink producer For Goodness Shakes, in return for a minority stake in the business.
Tuesday, 17th June 2008
Yeary leaves Citigroup
Frank Yeary is leaving Citigroup, where he is head of global M&A, to take up the post of vice-chancellor at the University of California, Berkeley – his alma mater.
Tuesday, 17th June 2008
Grupo Ahorro exits electrical manufacturer to Siemens
Spanish savings bank Grupo Ahorro’s private equity division AC Desarrollo has exited its stake in Fabrica Electrotecnica Josa to Siemens for an undisclosed sum.
Tuesday, 17th June 2008
Impetus Trust backs football charity
Venture Philanthropist Impetus Trust has backed sports charity Street League with an undisclosed amount of funding.
Tuesday, 17th June 2008
Carlyle buys De La Rue Cash Systems for £360m
The Carlyle Group has acquired cash handling technology business Cash Systems from De La Rue for £360m.
Monday, 16th June 2008
Close Ventures backs Vibrant Energy Survey
Close Ventures has invested £1.35m in Vibrant Energy Surveys, a provider of energy performance certificates.
Monday, 16th June 2008
Property fundraising to hit $20bn
Close to $20bn of property funds will be launched this week as investment in the sector shows no sign of easing despite the economic downturn.
Monday, 16th June 2008
Goldman Sachs in talks with Prisa
Goldman Sachs Private Equity is in talks to acquire a stake in Spanish multi-media group Promotora de Informaciones, according to Spanish news agency El Confidencial.
Monday, 16th June 2008
InnovationsKapital leads $3.5m Syntensia investment
InnovationsKapital, together with a group of private investors, has backed Swedish network security-on-demand provider Syntensia with a $3.5m investment.
Monday, 16th 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I think what's happened is that the concept of risk-adjusted rate of return has been replaced by what I would call risk-ignored rate of return, and people are substituting yield for credit judgement.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.
