Private Equity
The $700m sale of medical device company CoreValve vindicates the venture firm’s strategy, proving wrong pundits who thought the firm the ‘last of the early stage Mohicans’, according to managing partner Antoine Papiernik. The deal is expected to generate more than 10x for the firm’s investors.
2 min read · 05 January 2013
The value of deals in the Continental European buyout market has hit a seven year low. Research for 2008 shows it is down 60% from the €108.2bn-worth of deals done in 2007, due largely to the scarcity of debt and disappearance of mega-deals.
2 min read · 05 January 2013
Mithras Investment Trust recently decided to cease new commitments and return cash to investors. Coupled with setbacks revealed by fellow publicly traded European funds, including those affiliated with Candover and Permira, the sector’s future course remains unclear.
4 min read · 05 January 2013
The Paris-based property fund manager has made its third investment for its large value-added vehicle, European Property Investors Special Opportunities.
2 min read · 05 January 2013
The €312m healthcare deal is the maiden investment from the firm’s fourth fund.
1 min read · 05 January 2013
The sale of a 3 percent stake in French water and waste management services provider Saur Group provides a partial exit to the private equity firm and brings in a new owner, Luxembourg-based CUBE Infrastructure fund.
2 min read · 05 January 2013
The US distressed investor is reportedly interested in rescuing the UK’s largest estate agency from the brink of collapse. Apollo acquired the firm at the height of the UK housing bubble for £1bn.
2 min read · 05 January 2013
Some of the world’s biggest private equity firms – including KKR, Blackstone, Carlyle, Permira, Providence, Apax and Apollo – have committed to consider environmental, social and corporate governance issues when making investments.
3 min read · 05 January 2013
Shackleton Ventures has deviated from its typical direct secondaries strategy, making a follow-on investment into medical technology company Nanosight. It purchased the stake from UK government-backed NESTA, which hopes the deal will set a precedent for early stage secondaries investments.
2 min read · 05 January 2013
The UK-based private equity firm has sold one division of Healthcare Knowledge International, returning 1.5x on its investment. It has now repaid all of the capital drawn on its 2003 Fund with five investments still to exit.
1 min read · 05 January 2013
