Private equity fundraising halved in 2002, although investment reached its second-highest level, according to figures published today by the European Venture Capital Association.
The financial PR company put up for sale last month by Cordiant Communications is the subject of a bid from management as well as several private equity-backed offers.
The US investment bank has named former Merrill Lynch director James Greenwood as co-head of its European leveraged finance team.
UK private equity Candover has agreed to pay E123m for pipe manufacturer Wellstream in the firm’s third deal of the year.
New York-based private equity firm The Blackstone Group has appointed former US Treasury Secretary Paul O'Neill as a special advisor to the firm.
Private Equity Holding has secured its immediate future after Swiss Life agreed to extend a SFr325m credit facility beyond the 10 March expiry date.
The UK-listed investment trust has reported a nine per cent increase in NAV during the last six months of 2002 and is launching both a new listed fund and a new fund of funds.
Putnam Lovell NBF Private Equity has led a management buyout of Berkeley Capital Management from insurance group London Pacific.
The New York-based distressed investment firm is to acquire Italian sportswear company Fila in a $351m deal.
Boosted by a series of buyout successes in the past twelve months, Permira is preparing to launch the successor to its E3.5bn Europe II fund.