LATEST NEWS

Morgan Stanley poaches private equity duo

Morgan Stanley Private Equity has hired Jean-Philippe Barade from Permira and Alasdair Thomson from Apax Partners as executive directors. Both will be based in London.

Wednesday, 7th May 2008
Smedvig invests £15m in SelStor

Smedvig Capital has invested £15m in Swedish self-storage company SelStor.

Wednesday, 7th May 2008
PAI doubles fund size to €5.4bn

PAI Partners has closed its fifth private equity fund with €5.4bn of commitments, double the size of its predecessor.

Tuesday, 6th May 2008
PPM Capital becomes Silverfleet Capital

Buy-and-build specialist PPM Capital has changed its name to Silverfleet Capital following its buyout from Prudential last year.

Tuesday, 6th May 2008
Paul Capital closes $1.65bn secondaries fund

Paul Capital has closed its ninth dedicated secondaries fund at $1.65bn (€1.07bn), exceeding its $1.5bn hard cap.

Tuesday, 6th May 2008
Former Sony Ericsson president joins Silver Lake

Miles Flint, former president of Sony Ericsson Mobile Communications, has joined Silver Lake Partners as a senior adviser.

Tuesday, 6th May 2008
Bowmark bolsters investment team

Bowmark Capital has made two appointments to its investment team, promoting Mark Salter to senior partner and recruiting Paraag Davé as an investment manager.

Tuesday, 6th May 2008
Eurazeo and Colony Capital up Accor stake

Eurazeo has joined forces with US buyout house Colony Capital to build a 30 per cent stake in French hotels group Accor worth €3.8bn.

Tuesday, 6th May 2008
Oxford Capital launches fifth fund

Oxford Capital Partners has launched its fifth Oxford Gateway Enterprise Investment Scheme fund.

Tuesday, 6th May 2008
Italian clean tech fund chasing €250m target

Italian businessman Nino Tronchetti Provera is raising a fund of up to €250m for investment in green sectors such as waste management and renewable energy.

Tuesday, 6th May 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I think what's happened is that the concept of risk-adjusted rate of return has been replaced by what I would call risk-ignored rate of return, and people are substituting yield for credit judgement.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
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.


James Caan

As the latest member of the panel on the BBC’s Dragons’ Den, serial entrepreneur James Caan is gaining a new perspective on backing businesses.


Mark Fox

As head of communications at the BVCA, Mark Fox has witnessed a period of huge growth in the coverage of private equity – and a summer of unprecedented media attention. 


Wol Kolade

The BVCA has launched a review of its practices amid deep member discontent over the body’s handling of the widespread criticism of the...


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LATEST ISSUE

Leader

A new name, a fresh approach A new name, a fresh approach

Of all the topics covered in this column over the past six years, the overriding issue that demands a definitive answer is “how private should private equity be?”

Top Story

Q&A with Brian Blakemore Q&A with Brian Blakemore

After 20 years shaping one of the few successful captive buyout operations, the man who said “sod this” to an education is stepping down at Barclays Private Equity.

Feature

The Private Equity Awards The Private Equity Awards

The seventh Real Deals/BVCA Private Equity Awards recognised the best that the industry had to offer during 2007.

Comment

The converging market The converging market

Private equity firms should be applauded for trying to increase their product range – but GPs must not hedge their bets.

News Analysis

Scraping the barrel Scraping the barrel

The Environmental Technology Fund’s recent £110m (€139m) close of its maiden fund has highlighted the ever-growing interest in clean technology investment opportunities, with the sector fast cementing its position as the third pillar of the venture world.


Real Deals 1.5.08

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