EQT related stories
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Calmer watersYes, the Nordic region has suffered too. But as the postcrisis situation stabilises, private equity professionals are gaining confidence and seeing opportunities to innovate. Andy Thomson reports from Stockholm
- European GPs finish '09 with deal flurry
Matrix, AAC, Apax and LDC are among firms ending 2009 with fresh deals. Meanwhile, lawyers are lining up PE-backed IPOs and big ticket auctions continue for companies like Bridgepoint's Pets at Home.
- Candover, Cinven share €100m sale proceeds
The two firms are selling Springer Science+Business Media to EQT and GIC for €2.3bn.
- Baring-backed Yingde in $408m IPO
Baring Private Equity Asia acquired a minority stake in the Chinese industrial gas supplier in 2006.
- EQT launches €209m bid for Polish manufacturer
The firm’s Warsaw office is closing in on its debut deal, making it the first EQT investment in Central and Eastern Europe.
- BC Partners loses Dometic to lenders
The firm has broken even on its investment in the Swedish caravan maker, following a debt-for-equity swap that leaves a 25-strong lending syndicate in control.
- Telecoms veteran to help steer Delta Partners
As chairman of its international advisory council, Kai-Uwe Ricke will help support the UAE-headquartered firm's management team as well as finetune its structure and corporate governance. The former chief executive of Deutsche Telekom will also be a member of the firm’s private equity advisory board.
- GSC's Vanden Beukel resurfaces at CD&R
The European mezzanine veteran will evaluate credit opportunities for Clayton, Dubilier & Rice.
- S&P: buyouts drive European defaults
Private equity-backed companies, such as Italian yacht builder Ferretti, accounted for 79% of defaulting companies during 2008, according to Standard & Poor’s. Default rates will continue to accelerate, says the ratings agency.
- Candover-backed yacht maker defaults
Italian luxury yacht manufacturer Ferretti has become the latest private equity-backed company to miss an interest payment and begin debt facility renegotiations. Candover bought a controlling stake in the firm in 2006.