DH Private Equity Partners

Jyrki Lee-Korhonen will continue to focus on Europe and the Nordics.

The firm – now DH Private Equity Partners – has returned €5bn to investors since 2012 and has a new partnership structure in place.

Doughty Hanson has agreed to sell its stake in LM Wind Power, a maker of wind blades, to GE for an enterprise value of 1.5 billion euros. The deal is expected to close in the first half of next year. HSBC advised Doughty Hanson on the transaction.

The firm has added former Triton, First Reserve and Doughty Hanson deal makers to its bench.

Charme Capital Partners is partnering with three former Doughty Hanson execs to open the London office and work alongside the Milan team to invest Charme III, which is currently in market targeting €500 million.

Texas mega fund has appointed Mark Corbidge, a former Canadian Pension Plan Investment Board and Doughty Hanson executive to handle European origination activities.

Eguana Technologies Inc (TSX-V: EGT), formerly known as Sustainable Energy Technologies Ltd, has completed a private placement offering that generated gross proceeds of about $3.5 million. About half of the offering was accounted for by senior management and Doughty Hanson Technology Ventures, a British venture capital firm and Eguana's largest shareholder. Headquartered in Calgary, Eguana designs and manufactures intelligent power electronics for distributed smart grid and micro-grid applications. It said the funding will help it to meet growing demand for the company's technology in the United States and Europe.

Lone Star Funds has agreed to buy European carpets and rugs maker Balta Group. The sellers included Doughty Hanson. No financial terms were disclosed.

Side Letter shares a sneak preview of Private Equity International's upcoming full-year fundraising report. Plus: How China's Eastern Bell defied regulatory headwinds to raise $2 billion and a look at Petershill's latest GP purchases. Here's today's brief, for our valued subscribers only.

A key talking point with LPs was how UK firms are preparing for Brexit, managing partner Charles Ind told PEI.

The UK is no longer the most active private equity market in Europe and some of the country's firms met a cool reception on the fundraising trail.

Firms with complicated track records have seen the current fundraising bonanza and decided to jump in.

Investors want to see how the firm performs on a deal-by-deal basis before they will consider committing to a blind-pool vehicle, PEI understands.

A GP's team size, track record and style drift are given significantly greater value than culture, succession planning and the gender pay gap.

The move follows reports Terra Firma is seeking €3bn for its first commingled buyout fund in 12 years.

KKR’s poaching of CLSA’s head of real estate has implications for private fund managers of all asset classes.