Toby Mitchenall
Toby Mitchenall is the Senior Editor, ESG and Sustainability, at PEI Media. He is responsible for New Private Markets, a dedicated intelligence source on impact investing, sustainability and ESG in private markets, and is based in PEI’s London office. Toby was previously a consultant advising private equity firms on marketing and public relations.
After a protracted 18-month sale process, the Ontario Teachers’-led consortium has finally pulled the plug on what would have been the largest buyout ever. The shareholders of BCE are now looking to secure a C$1.2bn break-up fee.
Against a backdrop of tough fundraising conditions, ECI has whipped round investors in three months, overshooting its original target by £30m.
Software provider Red Hat has joined Adams Street and a group of repeat investors in business intelligence software provider Jaspersoft.
LPs are turning away existing relationships as they bump up against their target allocations. Almost two-thirds will sell interests on the secondaries market to focus resources on the best GPs, according to an LP survey by Coller Capital. There has been a 'growing recognition' among LPs of the importance of being with the best GPs.
LPs are turning away existing relationships as they bump up against their target allocations. Almost two-thirds will sell interests on the secondaries market to focus resources on the best GPs, according to an LP survey.
Investcorp has become the latest firm to take cost-cutting measures as it plans to lose 90 staff, representing 20 percent of its workforce.
The Beverly Hills-based buyout firm has taken a majority stake in Models 1, the European modelling agency that represents supermodels like Twiggy and Agyness Deyn. The acquisition provides a platform for further fashion industry acquisitions.
Investcorp has become the latest firm to take cost-cutting measures as it plans to lose 90 staff. Earlier this week the firm invested in UK debt management company TDX Group.
While some firms are scaling back operations amid the global financial downturn, others investing in financial services, like AnaCap, are taking advantage of benign recruitment conditions.
Lord Drayson, the minister for science and innovation, is pushing through plans for the fund of funds, which is likely to comprise a 50-50 mix of government and private sector money. The vehicle will aim to plug the equity gap for UK early stage venture.