European buyout firm 3i has bought Eltel Networks, a Nordic electricity and telecommunications business, from Industri Kapital. The sale, which generated a return of nearly 2.5 times IK’s original investment, is the latest in a series of lucrative exits for the Nordic buyout firm.
European buyout firm 3i has bought Eltel Networks, a Nordic electricity and telecommunications business, from Industri Kapital. The sale, which generated a return of nearly 2.5 times IK’s original investment, is the latest in a series of lucrative exits for the Nordic buyout firm.
European buyout firm 3i has bought Eltel Networks, a Nordic electricity and telecommunications business, from Industri Kapital. The sale, which generated a return of nearly 2.5 times IK’s original investment, is the latest in a series of lucrative exits for the Nordic buyout firm.
Nicola Horlick’s Bramdean Asset Management has teamed up with AXA’s Isle of Man operation to launch a new fund that will give retail investors easier access to alternative assets and the bumper returns that institutional investors have been enjoying in recent years.
Private equity-owned Maxeda has disposed of Hema, selling the Dutch department store to retail specialist Lion Capital. Maxeda continues to prove a successful investment for the consortium of KKR, Cinven, AlpInvest and Permira that recapitalised the retail group last year.
TPG has reportedly acquired Indonesian Bank Tabungan Pensiunan Nasional as the US buyout firm increases its investments in the country.
Several buyout firms including The Blackstone Group and CVC Capital Partners are reportedly battling it out in a £2 billion auction of UK fashion retailer New Look. The deal could make up to £1.3 billion for New Look’s owners Apax Partners and Permira.
New York-based hedge fund Highbridge Capital Management has reportedly hired former Goldman Sachs director Scott Kapnick to launch its private equity business. It is the latest example of the increasing convergence between the two asset classes.
Private Equity International is proud to present its selection of markettransforming individuals who give shape and character to private equity today. The list, which is not a ranking, is ordered alphabetically.
As the co-founder and general partner of Index Ventures, Neil Rimer has backed some of the biggest success stories in the history of the European venture capital market. And despite some lingering post-dotcom scepticism, he believes there are plenty more where these came from. Rimer, who lives in Geneva, met with James Taylor on a recent trip to London.
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