Unbound Group plc. related stories
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Candover spin-out to sell safety companyDespite the global financial downturn and the chaos of the collapse of Candover, Capital Safety doubled its revenue since 2007. KKR agreed to buy the company for $1.12bn.
- Electra hires Apax veteran Alex Fortescue
Fortescue’s hiring comes amid a busy March for Electra, which completed two acquisitions worth £69m.
- ‘More than just cautious’
David Giampaolo is the chief executive officer of Pi Capital, an investment club comprising around 300 high net worth individuals, predominantly from the UK. Members pay an annual fee to gain access to both direct and fund investment opportunities as well as high level networking and speaker events. PEI catches up with the man some describe as the ‘best-networked in London’.
- JPEL raises $75m for secondaries deals
The listed fund of funds surpassed its target, selling shares at or above its current stock price.
- Listed funds face existential dilemma
Mithras Investment Trust recently decided to cease new commitments and return cash to investors. Coupled with setbacks revealed by fellow publicly traded European funds, including those affiliated with Candover and Permira, the sector’s future course remains unclear.
- Cognetas cuts 12% of staff
The UK-based private equity firm joins the ranks of 3i, Blackstone, Carlyle, Shuaa and Investcorp, all of which have made job cuts this month.
- Electra buys €45m AXA stake in Steadfast fund
The London mid-market firm has added German private equity shop Steadfast, formerly BHF Private Equity, to its list of foreign partners, which include France’s TCR Capital, Italy’s Sinergo and Spain’s N+1.
- Palamon-led consortium helps HSBC streamline credit card portfolio(4)
European mid-market firms Palamon and Electra Private Equity as well as Morgan Stanley’s alternative investment arm have bought two high-risk credit cards from HSBC at a discount.
- Palamon-led consortium helps HSBC streamline credit card portfolio(2)
European mid-market firms Palamon and Electra Private Equity as well as Morgan Stanley’s alternative investment arm have bought two high-risk credit cards from HSBC at a discount.
- Debt financing holds firm for mid-market(3)
CIT Capital Finance has delivered financing for the Rutland Partners-led acquisition of Pulse Home Products while Electra Private Equity has carried out a third refinancing on Allflex.