Notwithstanding a dearth of exits and a few troubled deals, such as its investment in hotel group Accor, the listed French firm says its balance sheet is much healthier than its share price reflects. Its full year earnings report revealed it has written down to zero its stake in Colony-backed Station Casinos.
2 min read · 05 January 2013
CalPERS, USS and CalSTRS are among the LPs calling for GPs to provide material consideration of environmental, social and corporate governance risks to their portfolios, according to a survey conducted by the UN’s Private Equity Principles for Responsible Investment.
2 min read · 05 January 2013
The Belgian Gimv-XL fund, which held a first close on €500m in December, has acquired a €75m stake in food group Vandemoortele and opened talks with investors about a second fund close later this year.
2 min read · 05 January 2013
Scottish Widow Investment Partnership will invest up to 50% of its private equity allocation into funds that invest in the secondary market and make turnaround and distressed investments, according to investment director William Gilmore.
1 min read · 05 January 2013
Peter Moon will retire next year from the UK’s University Superannuation Scheme, an influential limited partner in private equity, infrastructure and real estate funds.
2 min read · 05 January 2013
A consortium led by the Bahrain-based listed private equity firm has acquired a 70% stake in L’Azurde, a Saudi Arabian jewellery company valued at $300m. The demographics underpinning MENA's demand for jewellery are encouraging, said co-head of Investcorp’s Gulf growth capital business, Azmat Taufique.
2 min read · 05 January 2013
The San Francisco-based secondary specialist estimates some $5bn in venture secondary assets are up for grabs.
2 min read · 05 January 2013
The firm’s London-listed trust recorded a strong cash position despite the unrealised write-downs and is planning to ‘bide time' in 2009. HgCapital CIO Frances Jacob noted the listed trust does not have the same sort of over-allocation strategy that has recently caused problems for other listed vehicles including fund of funds linked to Candover and SVG.
2 min read · 05 January 2013
The UK buyout firm has paid a reported A$425m for Australian billionaire James Packer’s network of 17 beef ranches.
2 min read · 05 January 2013
The UK private equity firm has made its debut Spanish and solar investments with the acquisition of stakes in three photovoltaic plants in a secondaries transaction.
1 min read · 05 January 2013
