Oliver Smiddy

Inflexion enjoys fourfold return

UK mid-market firm Inflexion has more than quadrupled its money following the secondary buyout of IT resourcing company Red Commerce by peer Dunedin.

Standard Bank suffers PE exodus

Graham Thomas, global head of private equity at South African lender Standard Bank, has left the company as it scales back principal investment activities, with more departures to follow.

Former PAI chiefs launch rival firm

The two former heads of European buyout firm PAI Partners, Dominique Mégret (pictured) and Bertrand Meunier, have begun preparations for a debut fundraising at their new firm.

Silver Lake and KKR partner again

The duo have once again teamed up on a multi-billion deal, this time for domain name and site registration company Go Daddy.

Dutch firm reaches debut fund target

Dutch start-up Holland Private Equity has held a final close for its inaugural fund just above its target, 18 months after it abandoned a private individual-backed model and launched an institutional fundraising.

Queen wins 3i shareholder support

3i has appointed a former investment banker as its new chief investment officer and CEO Michael Queen (pictured)received a ringing endorsement from shareholders at the group's AGM.

Advent seals sevenfold return with Zong sale

Advent Venture Partners has booked a substantial return on its investment in payment processing business Zong following its sale to online auction house eBay for $240m.

Minerals prove profitable for CBPE

CBPE Capital, formerly known as Close Brothers Private Equity, has more than tripled its money following the sale of minerals sector consultancy Stewart Group.

Lloyds keeps buyout group in-house

UK state-backed lender Lloyds Banking Group has decided against granting its in-house private equity arm, LDC, independence, despite many of its peers divesting non-core assets including investment arms.

Younger generation promoted to partnership at Cipio

Secondaries specialist Cipio Partners has promoted two of its team, including its chief financial officer, to managing partner, in a bid to introduce a younger generation to the firm's senior management team.