All Spies
First Reserve
First Reserve has been investing in the energy sector for two decades. As it eyes further expansion, its focus will be on India and China, and not the more fashionable clean tech sector.
Orlando Blooms
Orlando management has come a long way from its origins in a run-down area of Munich in the 1990s. its first fund has delivered a tenfold return so far, and the firm is gearing up to take its second even further.
Beringea
The £101m (€148m) sale of Mergermarket to the Financial Times Group is one of the most successful media and venture capital deals of recent times.
Endless
Just one year after its formation, ENDLESS has already become one of the UK’s most prolific investors. So far, its inaugural year has seen 15 deals and three exits, and the firm shows no sign of slowing in 2007
Esprit Capital Partners
Earlier this year, ESPRIT CAPITAL PARTNERS was formed through that rarest of events: the merger of two venture capitalists – Cazenove and Prelude. The firm is already eyeing its first big deals
Smedvig Capital
Backed by a billionaire Norwegian oil baron, Smedvig Capital is bringing its founder’s big buyout and energy contacts, together with its analytical strength, to the small-deal market
Advent International has achieved its founding ambition of being a truly global investor. Operating on such a scale, its final challenge is to try to retain the “personal touch”
LATEST ISSUE
Leader
No news is good news
Two weeks ago, Real Deals attempted to host a good news breakfast for the private equity industry. Even cynical journalists tire of unrelenting gloom. Improbable, but true.
Top Story
Small mercies
Less reliant on debt than their big deal counterparts, and with the promise of forced sellers and genuine growth, the lower mid-market should be well positioned to weather the downturn. But inexperienced management, resilient pricing and companies vulnerable to economic distress mean there is trouble brewing for small cap investors too.
Feature
Fair value for money
As the brakes are applied to the global economy, the way in which private equity firms value their portfolios is increasingly being called into question.
Comment
How do you solve a problem like sharia?
As Islamic financial products become increasingly popular, Kai Schneider of Latham & Watkins explains how to make a fund Sharia-compliant.
News Analysis
Amadeus’s twin symphonies
Amadeus has a proven eye for a winner, so its latest big investments have been causing a commotion in the venture community.









