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.
Buyout volumes for 2008 are down just 4 percent on 2006, says the Centre for Management Buyout Research, with public markets sustaining dealflow.
The Central and Eastern Europe specialist is paying a 48 percent premium to buy a stake in Warsaw-listed drinks maker Kofola-Hoop. If successful, the €143m acquisition will be the region’s largest consumer deal ever.
Having passed the halfway mark on fundraising for its new Pan-African fund, its largest ever focused on the region, the mid-market investor is hoping to have invested between $80m and $100m by the end of the year.
The Tchenguiz family, along with three international development funds are the cornerstone investors in The Evolution One Fund, which has raised 40 percent of its targeted R1bn total.
The chemicals sector is proving fruitful for Close Brothers Private Equity. It has completed its second deal in a month, selling BWA Water Additives to Bahrain-based investment bank United International.
Banks and private equity firms can breathe a small sigh of relief at UBS’ settlement with Tank & Rast, writes Toby Mitchenall.
The London-listed affiliate of American Capital has made its final exit from supplier of industrial weighing machines Avery Weigh-Tronix in a deal worth around €100m, having already disposed of the business’ retail arm last September.
The mid-market buyout firm has agreed to a refinancing package – increasingly rare given credit dislocation – for sportswear brand Odlo on terms ‘very similar’ to the senior debt agreement put in place at the time of its original acquisition in 2006.
Kirk Stephenson, the chief operating officer and a founding director of financial services-focused Olivant, died last Thursday in an apparent suicide.
Pantheon International Participations has seen its net asset value grow by more than 20 percent in the last year. Current market conditions are causing the fund to shift focus nearly exclusively to the booming secondaries market.