European private equity houses are anticipating a re-opening of the IPO market next year, but do not anticipate a significant general recovery until 2005 according to a new survey.
Scandinavian buyout firm Altor Equity Partners has made two investments from its debut fund, which closed on E650m earlier in the year.
Paris-based mid-market private equity firm Activa Capital has achieved a final closing of its latest fund at E162m, surpassing a E150m target.
Acanthus Advisers, the European placement agent, has added to its team with the appointment of Ian Burgess, who has been with the firm for the last year as a consultant.
Russell Investment Group, the international money manager based in Tacoma, Washington, has acquired London-headquartered Pantheon for an undisclosed consideration.
Adding to recent US investment activity in Germany, Lindsay Goldberg & Bessemer has paid an undisclosed sum for a minority stake in Wacker Construction Equipment, a family-owned machinery business.
Advent International has completed the E165m takeover of listed Spanish leisure group Parques Reunidos after gaining acceptances from shareholders representing over 90 per cent of the company.
The German Venture Capital Association (BVK) has hailed finance ministry tax proposals that could lead to a revival of the early-stage venture capital market in the country.
In a move ending speculation over their future, senior members of Credit Suisse First Boston’s global fund placement team have committed to staying at the bank for another three years.
Iris Capital, the venture capital formerly known as Part’Com, has spun out of French bank CDC Ixis and has announced a first close of its latest fund on E100m.