Apax Partners related stories
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Goldman vet takes IR helm at BC PartnersCharlie Bott , the former head of Goldman Sachs’ European financial sponsors group, will co-head BCP’s investor relations as it prepares to raise Fund IX next year.
- Italian buyouts soar despite 2H 2008 slowdown
Despite a tail-off in the second half, the total value of deals in the world’s seventh-largest economy almost doubled to $12bn in 2008 compared with the previous year.
- BC Partners makes top management changes
Chairman Jens Reidel has stepped down as part of a planned retirement process, handing co-chairman roles to managing partners Francesco Loredan and Raymond Svider. Next month John Hosgood, Barclays’ former co-head of leveraged finance, will join the firm to lead a push into credit strategies that will be largely focused on purchasing debt in its own deals.
- Make the first move
Most portfolios have at least one struggling business. It’s up to GPs to instigate a restructuring process before the banks have to step in, writes Toby Mitchenall.
- Report: Apax co-founder sues partners
Maurice Tchenio, chairman of the French arm of Apax, is reportedly suing his partners over the division of fees and profits. Tchenio co-founded the UK-headquartered firm in 1976 with Ronald Cohen and Alan Patricof.
- Bridges launches evergreen social entrepreneur fund
The Bridges Social Entrepreneurs Fund has garnered £4.25m from individuals and foundations for investments in ‘scalable social enterprises’.
- Veteran Goldman Sachs banker retires
Charlie Bott, chairman of Goldman’s European financial sponsors group, is regarded as the first private equity-dedicated banker. He is replaced by John Waldron, previously co-head of leveraged finance.
- Apax to open Shanghai office
The global buyout firm also intends to open a second Chinese office in Beijing in 2009.
- Report: Private equity firms eye €800m deal for Clece
Permira, Apax, CVC and PAI are reportedly lining up against two trade buyers as they consider bids to carve out Clece, a support services firm, from construction conglomerate ACS in the latest example of a Spanish building group selling off non-core assets.
- Relishing youth
Having spent the last few years positioning itself as a rapidly maturing market, Spain may yet be thankful for its youth, writes Toby Mitchenall.