Private Equity
Lloyds Banking Group, part-owned by the UK state, is mulling the sale of about €500m of private equity fund stakes as it follows other lenders in divesting non-core assets.
1 min read · 06 January 2013
Tom Attwood, the former chief executive of mezzanine provider ICG, will retire from the firm in March next year.
2 min read · 06 January 2013
Ted Forstmann, one of the buyout industry's pioneers, has died at the age of 71 from brain cancer.
2 min read · 06 January 2013
Peter Englander, a partner at Apax Partners, is retiring at the end of the month after 30 years at the firm.
1 min read · 06 January 2013
Equistone Partners Europe, which successfully completed its spinout from Barclays Capital on Friday, is understood to have held a first close for its first independent fund on about €500 million.
2 min read · 06 January 2013
Nordic Capital has booked its biggest ever return multiple following the sale of Point International to trade buyer VeriFone Systems in a deal understood to be worth about $1.1bn.
1 min read · 06 January 2013
The specialist energy-focused firm has joined PAI Partners and Rhone Capital in the auction of French petrol pump company Trokheim, as owner Cognetas seeks to cap a tumultuous year by returning capital to its investors.
2 min read · 06 January 2013
Newly created worldwide funds trade body ICI Global has hired Giles Swan from the UK’s Financial Services Authority to be its director of global funds policy.
1 min read · 06 January 2013
UK-headquartered private equity firm Cinven is nearing a first close for its latest fund, likely to be on about €2.5bn - half the target amount for the vehicle.
2 min read · 06 January 2013
UK-listed 3i attempted to placate investors by announcing a substantially increased dividend during its half year results presentation Thursday morning, as it revealed its portfolio had fallen in value by £523m.
2 min read · 06 January 2013
