LATEST NEWS

Close Ventures invests £1.4m in Dexela 

Close Ventures has made a £1.4m (€1.75m) investment in 3D imaging business Dexela, leading a £2.6m round of investment in the company.

Monday, 14th July 2008
Start-up network Connect Scotland ceases trading

Not-for-profit organisation Connect Scotland, a business network which supports start-up technology companies, has ceased operating.

Monday, 14th July 2008
TPG bids for stake in HKT Group

TPG Capital has tabled an offer for a minority stake Hong Kong tycoon Richard Li's telco assets.

Monday, 14th July 2008
Axa chief calls for code on profits

Dominique Senequier, chief executive of Axa Private Equity, has called for Europe’s private equity firms to draw up a voluntary code of conduct on how profits should be split among investors, managers and staff.

Monday, 14th July 2008
Houlihan Lokey hires Plantenga 

Houlihan Lokey has hired Florus Plantenga as director in its London office.

Monday, 14th July 2008
NBGI launches in France

NBGI Private Equity has launched a new operation in France that will be known as NBGI Private Equity SAS.

Friday, 11th July 2008
Weinberg buys Balitrand

Weinberg Capital Partners has acquired Balitrand, a French wholesaler of building materials and household equipment for the building trade.

Friday, 11th July 2008
Fat Face defies critics 

Fat Face, the clothing chain bought by Bridgepoint last year at the peak of the buyout boom, has reported strong profits and allayed fears that its balance sheet was under strain.

Friday, 11th July 2008
Blackstone invests €1bn in German wind farm

The Blackstone Group has invested €1bn in a wind farm development project off the German coast.

Friday, 11th July 2008
Ysios appoints Marc Casellas

Ysios Capital Partners has appointed Marc Casellas to its new finance division.

Friday, 11th July 2008

QUOTES 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I think what's happened is that the concept of risk-adjusted rate of return has been replaced by what I would call risk-ignored rate of return, and people are substituting yield for credit judgement.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 Ross

Private 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
Karsten Langer

Karsten Langer, deal origination partner at global private equity house Riverside, describes the firm’s plans for international domination of the lower mid-market.


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.


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LATEST ISSUE

Leader

It’s crunch time It’s crunch time

The European private equity community is solemnly marking the first anniversary of the credit crunch this week with an extended summer holiday.

Top Story

20 most Influential 20 most Influential

A tumultuous 12 months on from the onset of the credit crunch, we asked 500 of the industry’s biggest hitters to name the most powerful people in European private equity.

Feature

London 2012: the private equity opportunity London 2012: the private equity opportunity

As the British public gets behind its athletes in Beijing this month, UK private equity firms are also under starter’s orders. Buyout houses targeting everything from construction and hospitality to recruitment, software and plumbing are preparing to compete for the Olympian opportunities presented by London 2012.

Comment

Will buyout terms protect LPs? Will buyout terms protect LPs?

The simple arithmetic of private equity means refinancing concerns go a lot further down the deal spectrum than anyone previously thought.

News Analysis

Parting companies Parting companies

Partech International Partners, the latest in a string of transatlantic divorces, has reignited the question of whether long-distance relationships can last.


RD 14.8.08

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