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.
The UK mid-market operator has promoted three of its directors to partner. The growing firm has also hired five new professionals this year.
The global buyout group is having a week of firsts, having closed what it says is the first industrially-focused, mid-market Japanese private equity fund raised by an international firm just a day after making its maiden investment in the Dominican Republic.
Sir Trevor Chinn has resigned his chairmanship of London-listed private equity fund Aurora Russia to dedicate more time to charitable organisations including the Mayor’s Fund for London. He is replaced by the chairman of Deloitte and Touche's CIS operations, Dan Koch.
The listed private equity investor revealed its first write-down in seven years this morning. However, the group’s shares rose in early trading as investors reacted positively to the firm’s interim results statement.
In its first deal of 2008, the New York-based buyout firm beat bids from CCMP, CVC and Warburg Pincus to buy the materials testing division of Bodycote, a global provider of industrial heat treatment services.
In its sixth acquisition since it closed its third fund last year, the lower mid-market buyout firm has acquired Textilia, a Swedish company which provides laundry services to the healthcare and nursing sectors, from Bure Equity.
The number of buyouts in Continental Europe in the first half of 2008 was down 19 percent compared to the same period last year, while the average deal size has dropped from €113 million to €70 million.
In a bid to consolidate the industry at the start of a ‘nuclear fuel cycle’, the US energy industry specialist has recruited two veterans of nuclear power to form Accord Nuclear Resources, a platform from which to build an integrated nuclear fuel supplier.
The banking giant’s captive private equity firm has made two hires, including Grant O’Neill, formerly at Nikko, who joins as investment manager.
The British private equity group has reportedly entered exclusive negotiations to buy a 30.6 percent stake in Slovenia’s biggest bank following Blackstone’s withdrawal from the auction.