Nova Capital Management related stories
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Side Letter: Europe's PE rebound; Aussie LP fee cuts; Dyal's NBA buyEuropean PE activity has come roaring back to life. Plus: Australia's largest pension is reaping the benefits of a reduction in fees and Dyal has netted its first NBA team. Here's today's brief, for our valued subscribers only.
- Fenway restructuring cancelled due low pricing
LPs were unhappy with the 'heavy discount to NAV' being offered for stakes in the 1998- and 2006-vintage funds.
- Prudential backs Fenway restructuring
The investment arm of the insurance giant has offered investors in the private equity firm's two latest funds the option to cash out.
- Nova eyes US zombies, legacy assets(2)
David Jacobs, Deutsche Bank's former global consumer group head, will be responsible for sourcing acquisitions of private equity and corporate portfolios in North America.
- Nova eyes US zombies, legacy assets
David Jacobs, Deutsche Bank's former global consumer group head, will be responsible for sourcing acquisitions of private equity and corporate portfolios in North America.
- Arle and FF&P boost investment teams
Arle Capital Partners has made another two appointments to its investment team as it continues to move away from forerunner Candover’s pan-European strategy.
- Nova nears take-private after optical exit
Nova Capital Management, which today booked a 3.5x return on the sale of EIS Optics, is closing in on the take-private of UK-listed software company Parseq.
- Nova, FF&P to buy Shanghai-based optics company
The UK-based private equity firms will acquire Oerlikon Optics’ assets in China, the US, Japan, Taiwan and Liechtenstein.
- Nova exits UK advertising recruitment agency
This is the second exit in as many weeks for the private equity firm, following the sale of modelling agency Models 1 to OpenGate Capital earlier this month.
- PwC recommends buyout firms diversify, focus on portfolios
The study dovetails with broad changes already affecting the private equity industry as GPs hire more operating partners and raise families of funds.