June 2002 Issue

    Month: June
    Year: 2002

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    Fund European buyout fund Firm 3i Amount Raised n/a Fund Type Buyout Amount Targeted €3bn Status Launched Investors 3i (€1.5bn), European institutions Geographical Focus Europe Advisors UBS Warburg (P) Sectoral Focus All sectors Fund Coller International Partners IV Firm Coller Capital Amount Raised $700m Fund Type Secondary buyouts Amount Targeted $1bn Status First closing Investors […]

    “The biggest mistake for a corporate is to be a passive investor”

    ?The biggest mistake for a corporate is to be a passive investor? Staff 2002-06-01 Writer Harvard Business School Professor Henry Chesbrough talks about the recent downturn in corporate venturing and assesses the role of strategic investing in a successful portfolio.

    No long-term view, no gain

    What makes the difference between success and failure in corporate venturing? Over the course of the technology boom many programmes ended in tears. Ricky Morton looks at the lessons that can be learned from the experience, and asks are corporations about to return to venturing.

    The impact of the European Community's merger rules on transactions involving investments by private equity funds

    The impact of the European Community's merger rules on transactions involving investments by private equity funds Staff 2002-06-01 Writer The European Community Merger Regulation (?ECMR?) was introduced over a decade ago and was drafted primarily to monitor traditional mergers and acquisitions

    The waiting game

    Mergers and acquisitions are the life blood of private equity investing so the recent lull in activity is further evidence that financial sponsors have been taking things slowly, deliberately or otherwise. Is this going to last? Private Equity International investigates.

    Ones to watch

    Who will be on next year's list? Private Equity International takes a look at some of those who look set to make a major impact in Europe going forward.

    The mezzanine men

    Leveraged financiers Graham Hutton and Matthew Collins are out not only to build their own business, but to prove that there is more to mezzanine finance than the market has realised. Robin Burnett talks to them about their prospects.

    China takes a bow

    Some of the industry's biggest players are coming together to lend their weight to the formation of a venture capital association in China. But what will an industry body bring to a market that currently provides little in the way of exit opportunities and where the regulations on foreign investment are still comparatively rigid?

    The case for a pledge fund

    One of the hottest subjects in private equity has to do with the way private equity funds deal, if at all, with limited partners who refuse to honour their commitments and reject capital calls. Joe Bartlett drafts a solution.

    Honey, I shrunk the fund

    Why are venture capitalists in the US giving capital back to their LPs? David Snow investigates.

    Against the odds

    Candover's purchase of Swissport was far from straightforward given the circumstances, but the baggage handler promised enough upside for Candover to make sure the deal would get done.

    News: People

    Merrill's private equity head resignsMerrill Lynch's head of private equity and research, Tom Davis, has resigned but will stay with the firm until 1 November. The long-standing Merrills man – Davis joined the firm 25 years ago – has not revealed what he intends to do next but the move comes as no surprise to […]

    News: Deals

    News: Deals Staff 2002-06-01 Writer Cinven acquires NCPUK private equity firm Cinven has won the race to acquire NCP, the UK national car park business that was put up for auction by its parent company Cendant. Cinven will pay Cendant £820m for NCP - in line with

    News: Buyside

    News: Buyside Staff 2002-06-01 Writer Mixed results for UK private equityThe BVCA Report on Investment Activity 2001 has produced a mixed bag of findings that will give those involved in the asset class cause for cautious optimism.On the do

    News: Funds

    News: Funds Staff 2002-06-01 Writer Bridgepoint buyout fund oversubscribedUK private equity firm Bridgepoint Capital has held a final closing of its Second European Private Equity Fund (EPEF II) at just over €2bn, some way ahead of the fund's original €1.6bn targe

    Europe's finest

    Compiling a list of Europe's 50 most influential private equity practitioners is something we've been looking forward to for some time, and this issue, marking PEI's crossing of the half way line of its first year in the market, is a worthy place for it to appear in. Over the past few weeks, we've been […]