Butler Capital Partners

The French special situations firm has made two senior hires following the departure of two employees to form rival firm Perceva Capital.

French media group Canal Plus has sold a 60 percent stake in struggling football club Paris St Germain to Butler Capital Partners, Colony Capital and Morgan Stanley.

French private equity firm Butler Capital Partners has announced it is in talks with Austria’s Agrana about the possible sale of ATYS Group, a Butler portfolio company.

The Paris-based private equity firm has paid E170m for the fruit syrup business of Pernod-Ricard, the French beverage Group.

Michel Maupu bring experience in the agri-food, chemicals, equipment and consumer sectors

The Paris-based turnaround firm could raise as much as €400m for its second fund.

Following the investment in Monceau Fleurs Group, Perceva’s maiden fund which closed on €150 million in January 2011, is now approximately 80 percent deployed.

Perceva Capital, led by former Butler partner Jean-Louis Grevet, has attracted funding from LPs including Adams Street, Nomura and Caisse des Dépôts.

ASSET CLASS: FUNDS IN MARKET 2009-10-01 Staff Writer ASSET CLASS: FUNDS IN MARKET NAME OF FUND NAME OF

Perceva Capital looks to capitalise on the turnaround opportunities created by a deteriorating global economy.

Taking its ownership in the French football team to 62.5 percent is a sign of its long term ambition for the club, says the Los Angeles-based firm.

US private equity firm Colony Capital has agreed to buy oil refining and distribution company Tamoil from the Libyan government for €4 billion. It is the biggest private equity deal to date for an African-owned company – trumping Bain Capital’s $3.5 billion buyout of Edgars in February.