CVC Capital Partners, Blackstone Group and Bain Capital are all expected to submit final offers for the chemicals distribution business of German rail operator Deutsche Bahn.
Doughty Hanson, the European private equity firm, has acquired industrial battery maker Saft from Alcatel for E390m in a deal that represents its first acquisition in France.
Clessidra Capital, the new Italian leveraged buyout firm, has achieved a first closing of E560m for its debut fund, Clessidra Capital Partners.
UK private equity firms are increasingly confident that the overall business climate is recovering, according to a British Venture Capital Association (BVCA) survey.
Terra Firma Capital Partners, the UK-based private equity firm headed by Guy Hands, has seen the second departure of a senior executive.
The secondary fund manager has been chosen to manage two venture funds comprising investments in the technology and healthcare sectors.
The London Pension Funds Authority has selected HarbourVest, Pantheon and LGT to manage a £125m allocation to Europe and the US.
Despite the tough fundraising environment for many general partners (GPs), new research shows there is little compromise when it comes to management fees and other fund terms.
Less than 5 per cent of partnership commitments with non-US GPsMore than 20 per cent of partnership commitments with non-US GPsCalifornia Regents of UniversityOhio School EmployeesConnecticut State Retirement PlanRhode IslandFlorida State Board of AdminWisconsinMinnesota State BoardTexas TeachersOrange County
Phoenix Equity Partners is in the unusual position of being a UK-focused mid-market private equity business that invests most of its capital on behalf of US investors. David Gregson and Hugh Lenon, who have worked together since 1985, talk to Andy Thomson about the firm's complex past and contemplate what the future holds for the business.