The Finnish private equity house has paid an undisclosed sum to acquire a 40 per cent stake in Setex, a smart cards manufacturer sold by the Bank of Finland.
Candover, 3i and JP Morgan Partners have agreed to pay between $925m and $975m for the Swiss engineering group’s upstream oil, gas and petrochemicals division.
Limited partners (LPs) take a dim view of the management fees and carried interest charged by general partners (GPs) according to a new survey.
The firm has received backing from 15 institutions at the final close of its oil & gas focused fund, including a E25m commitment from Société Générale Asset Management.
Baxi Group, the UK boiler making company that was put up for sale by private equity firms Candover and Electra Partners, has moved closer to a sale for around £800m.
Four former investment directors of FTSE 100 venture capital group 3i have left to set up their own private equity fund.
Henderson Private Capital, the private equity arm of Henderson Global Investors, has appointed Guy Pigache to its European infrastructure team.
Bridgepoint Capital has acquired Medica, one of the top three nursing home operators in France, for E330m.
Private equity’s corporate governance procedures are superior to those of public companies, argues Simon Wildig of Close Brothers.
Waterland Private Equity, the private equity firm focused on investments in the Benelux region and Germany, has appointed Bert Elema as finance manager.