Four New York City municipal pension plans are drawing up plans which could see them significantly increase their allocations to private equity.
The US private equity house has beaten off competition from PAI Partners and agreed a E500m-plus offer for the French group’s roof tiling business.
The European Bank for Reconstruction and Development has made a E15m commitment to Euroventures Hungary III, the latest fund to target one of the EU accession states.
The UK-based private equity house has made a strong first close with its Permira Europe III fund, attracting 65 investors and over E3bn in commitments, of which just five per cent has come from banks.
The pan-European private equity firm has made a E21 per share offer for the listed French optical retailer in a deal valuing the business at just under E500m.
The UK-based mid-market buyout firm has secured E50m of commitments for its second fund including a E10m investment from Inflexion Plc.
The private equity firm has completed a E135m refinancing of French industrial group Fives-Lilles, allowing the firm to repay convertible bonds and shareholder loans two years after aquiring the company.
Bruno Roger is to be replaced as chairman of the French private equity house by former Lazard France chairman Michel David-Weill.
Cinven, Carlyle and Apax Partners have sold a group of UK magazine titles they acquired as part of the Vivendi Universal Publishing buyout in April 2002 to United Business Media.
The UK-based private equity firm has announced the appointment of investment executives for the firm’s Paris and Frankfurt offices.