Western Europe

PGGM hires former Permira exec

The Dutch pension administrator has expanded its private equity team with the appointment of Wouter Snoeijers as a director, private equity.

HgCapital Trust NAV per share drops 2%

The London-listed vehicle, which has £200m invested in Hg’s recently-closed Fund VII, has written down 4 companies in the 6 months to July 2013.

GI Partners targets $1.5bn for Fund IV

The mid-market firm has set a target below the size of its Fund III, which collected $1.9bn in 2009.

EQT's and Goldman’s ISS appoints chairman

Sir Charles Allen, the former chairman of EMI and CEO of ITV, joins at a time when the Danish group's private equity owners are gearing the business up again for an IPO.

Avedon closes first independent fund on €190m

The firm, which spun out from NIBC Bank in 2011, has been backed by LPs like Adveq, Access Capital Partners, Goldman Sachs and Macquarie Group.

Doughty seals Spanish exit ahead of fundraising push

The London-based firm, which has just sold Spanish bus operator Avanza Group, is already talking to existing LPs about Fund VI, a new buyout vehicle with a €2bn target.

Carlyle, Mercapital exit Spanish web hosting business

The buyout firms have sold Arsys to trade player United Internet for €160m, making roughly 1.5x on the deal thanks to prior dividend recaps.

Synova holds first and final close on £110m

The firm closed its oversubscribed fund on its £110m hard-cap after less than three months in market.

EQT execs hit with retroactive tax bill

The Swedish tax authority ruled carry between 2007 and 2009 should have been taxed as ordinary income at 57%, not the 30% capital gains rate executives paid.

Duke Street restructures Paris office

The mid-market firm has started to rationalise its French operations ahead of an expected fundraise this autumn.