The direct approach
As conventional exit options dry up, direct secondaries transactions are beginning to hit GPs’ radars. Will the economic slowdown bring them into the mainstream?
Tuesday, 13th May 2008
LATEST NEWS
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
Headway closes €150m secondaries fund
Headway Capital Partners has closed its second private equity secondaries fund above target at €150m.
Friday, 2nd May 2008
Barter steps down at Travers Smith
Phil Sanderson is to take over from Charles Barter as the head of private equity at Travers Smith.
Friday, 2nd May 2008
Bank of Scotland backs IS Pharma
Bank of Scotland Corporate is to provide AIM-listed IS Pharma with a facility worth £8m (€10m) to fund the company’s continued growth and acquisition plans.
Friday, 2nd May 2008
Noble announces final close of second fund with £100m
Noble Fund Managers has announced the close of its second fund, Noble Venture Finance II, with £100m (€126m) of commitments.
Friday, 2nd May 2008
Palamon Capital appoints Gary Pritchard as CFO
Palamon Capital Partners has appointed Gary Pritchard as chief financial officer.
Friday, 2nd May 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I think what's happened is that the concept of risk-adjusted rate of return has been replaced by what I would call risk-ignored rate of return, and people are substituting yield for credit judgement.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
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.
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.
LATEST ISSUE
Leader
The sins of the parent
It is not often that the UK chief of a mid-market private equity house ups and leaves in the midst of an ignominious deal collapse. So when European Capital co-founder Simon Henderson walked away from the firm he helped create last week, the news was greeted with shock.
Top Story
The direct approach
As conventional exit options dry up, direct secondaries transactions are beginning to hit GPs’ radars. Will the economic slowdown bring them into the mainstream?
Feature
An interview with Doug Miller
The outgoing EVPA chairman talks about private equity’s cynics, the evolution of venture philanthropy, and why investors should not hide their charitable activities.
Comment
Full stream ahead
European GPs are increasingly adopting the US’s deal-by-deal approach to waterfall distribution. But it’s not all smooth sailing, says Stephen Sims of Macfarlanes.
News Analysis
Wellington partners: ready for battle
Exceeding its fundraising target was the easy part. Now for the US-style returns.
