Candover has sold electronic publisher Bureau van Dijk to BC Partners, in a deal that will generate an IRR of 35 percent for the UK-based buyout firm.
2 min read · 04 January 2013
Ian Armitage, chief executive of UK buyout firm HgCapital, is moving upstairs to become chairman in a reshuffle that will see TMT head Nic Humphries promoted into the top job. There have also been seven other promotions as the firm looks to reward its up-and-coming talent.
2 min read · 04 January 2013
Richard Lambert, the head of the Confederation of British Industry, a trade body that has been attracting support from some of Europe’s large buyout firms, has criticised private equity’s public relations efforts.
2 min read · 04 January 2013
Swedish mid-market firm Accent Equity Partners has raised €380 million for its latest buyout fund in a matter of weeks. The firm has already begun spending the new fund.
1 min read · 04 January 2013
Anglo-French buyout firm Milestone Capital Partners has completed another exit from its third fund with the sale of dry cleaning business 5àSec. It has now returned 60 percent of investors’ commitments with over half of its original deals still in the portfolio.
2 min read · 04 January 2013
Kitty Ussher, the pro-European UK Labour MP recently appointed as minister for the City of London, has reassured business leaders that the financial services sector – and private equity in particular – will not be subjected to knee-jerk taxation or regulation.
2 min read · 04 January 2013
The JC Flowers-led consortium trying to buy US lender SLM Corp for $26 billion threatened to pull its bid yesterday, knocking almost 10 percent off the share price, as US lawmakers proposed a bill to slash student loan subsidies.
2 min read · 04 January 2013
CAM Private Equity, the German fund of funds manager that has been expanding its activities recently, plans to start diversifying in other alternative asset classes after gaining private bank Sal. Oppenheim as a majority shareholder.
2 min read · 04 January 2013
Anglo-French buyout firm Milestone Capital Partners has completed another exit from its third fund with the sale of dry cleaning business 5àSec. It has now returned 60 percent of investors’ commitments with over half of its original deals still in the portfolio.
2 min read · 04 January 2013
Anglo-French buyout firm Milestone Capital Partners has completed another exit from its third fund with the sale of dry cleaning business 5àSec. It has now returned 60 percent of investors’ commitments with over half of its original deals still in the portfolio.
2 min read · 04 January 2013
