Phoenix Equity Partners related stories
All articles and analysis
In this issue …In this issue ? 2008-06-01 Staff Writer COMPANIES Alchemy Partners 6 Abraaj Capital 36 Actis 36,64 Advent International 8, 26 AIG 38 Alpha Associates 78&l
- Daiwa division to pay £75m for Close Brothers Corporate Finance
The acquisition of Close Brothers Corporate Finance by the European subsidiary of Japanese investment bank Daiwa Securities SMBC will give the bank access to and presence in European markets.
- Phoenix grows management committee
David Burns and Richard Daw have joined the UK firm’s management committee.
- BVCA sharpens research focus
The UK’s private equity trade body has formed an eight-person board to oversee the direction of its research projects. Apax’s technology and telecom chief, Richard Wilson, will be chairman.
- Atalaya acquires Bennigan’s brand as parent folds
The middle market private equity investor had previously purchased securities in Bennigan’s Franchising subsidiary, which enabled it to prevent the unit from filing for Chapter 7 bankruptcy alongside parent company S&A in July.
- GPs predict greater focus, flight to quality
Permira partner Veronica Eng has said ‘any manager worth its salt’ is taking a hard look at its portfolio companies and carefully broaching new investments amid today’s unprecedented financial climate. Phoenix CFO Steve Darrington, meanwhile, expects unsettled investors to flock to smaller managers.
- UK mid-market advisors beef up
UK mid-market activity is now at the same level as it was in 2005, but advisory teams at Deloitte and Close Brothers, both mid-market players, have been hiring this week, with the former luring ex-private equity professional Liam Camburn.
- Close Brothers trims advisory arm
The European investment bank’s corporate finance advisory business, which has advised on recent private equity deals including Hg's £126m exit of Boosey & Hawkes, has pruned its London team by 11 bankers as the slowdown in M&A activity takes its toll.
- Synova invests in handbag business
The UK-focussed buyout group has made its first investment, buying up handbag and accessories group TLG from the Lunan Brothers.
- Phoenix, Sirius acquire stake in upscale UK retailer
The London-based private equity firms are believed to have paid up to £100m for a stake in the British women’s clothes and shoe store, L K Bennett. The store founder, Linda Bennett, will remain a “substantial shareholder”.