Creditors of Autodistribution, the debt-laden French car part distributor, have agreed to write down its debts in exchange for a €110m cash injection by private equity firms Towerbrook and InvestCorp.
2 min read · 05 January 2013
Eastern European-focused financial advisor P&S East Growth is looking to raise more than €100m for its second Luxembourg-based private equity fund.
2 min read · 05 January 2013
The European venture firm collected commitments from LPs in just three months for its latest early stage fund. It is the same size as its 2007 predecessor, which has been nearly fully deployed alongside a growth capital fund.
2 min read · 05 January 2013
UK-based private equity firm Dunedin has sold aircraft navigational aid manufacturer Fernau Avionics for £32 million two years after it acquired the firm.
2 min read · 05 January 2013
Ratings agency Standard & Poor’s has downgraded the UK private equity firm’s credit rating from A- to BBB+, citing a “negative” outlook for the firm amid a sharp rise in leverage and a drop in liquidity.
2 min read · 05 January 2013
The London-based private equity firm has cut its latest fund target from €6bn to €4bn as investor caution impacts on the fundraising environment.
1 min read · 05 January 2013
UK-based August Equity has just made its fifth and sixth add-on acquisitions to healthcare platform Enara Group. Investment in the healthcare sector, which is 'slightly immune' to current conditions, remains relatively buoyant.
1 min read · 05 January 2013
The San Francisco-headquartered firm has reached a $6bn first close for Hellman & Friedman Capital Partners VII, which is targeting $10bn.
1 min read · 05 January 2013
British pension funds continued to diversify in 2008 investing 40% more in private equity and 30% more in hedge funds than in 2007. Real estate fared less well, however, with mandates dropping to levels last seen in 2003.
2 min read · 05 January 2013
Senior management changes at 3i are set to continue as Tory policy maker Sarah Hogg plans to retire in December 2010.
2 min read · 05 January 2013
