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.
TPG, Alchemy Partners and Permira have all been linked with a possible deal for debt related to Icelandic investor Baugur’s UK retail investments, which include House of Fraser, Debenhams and iconic toy store Hamleys.
The £24m deal carries a £5m vendor loan, suggesting the lower mid-market is not immune from the discrepancies between vendor and buyer’s price expectations.
The C$52bn Canadian pension plan with an in-house private equity arm has followed in the footsteps of the Ontario’s Teachers’ Pension Plan and the Canada Pension Plan Investment Board by crossing the pond to source deals.
The acquisition of Munich-based Vanatec will give the company a German hub for servicing customers across Western Europe, as well as expanding the software tool-producers stable of products.
Constance Jay will join the European investment firm’s Paris office to assume the role of investor relations head. The firm is currently raising a €150m mezzanine fund which it hopes to close by the end of 2008.
The C$52bn Canadian pension plan with an in-house private equity arm has followed in the footsteps of Ontario Teachers’ and the CPPIB by crossing the pond to source deals.
The London-listed affiliate of American Capital has lost Julian Masters to the mid-market UK firm Bowmark Capital. As well as hiring Masters as partner, Bowmark has lured Nomura’s Tom Shelford as investment director.
Mayor of London Boris Johnson said that private equity was ‘absolutely vital’ to the UK economy, at the opening of a private equity-funded East London community centre this Friday. Johnson was speaking to an audience of volunteers from private equity firms, charity sector representatives and local residents.
The listed Greek private equity fund, which last week surprised the market by announcing its intention to raise another €5bn from shareholders, has joined forces with mobile network operator WIND to seek opportunities in the Greek telecoms market.
Permira partner Veronica Eng has said ‘any manager worth its salt’ is taking a hard look at its portfolio companies and carefully broaching new investments amid today’s unprecedented financial climate. Phoenix CFO Steve Darrington, meanwhile, expects unsettled investors to flock to smaller managers.