Private Equity
The European mid-market firm fell short of its original €1bn target, but managing partner Neil MacDougall told sister publication Private Equity International in an exclusive interview the firm is happier investing a smaller amount in today’s contracted buyout market.
2 min read · 05 January 2013
3i Germany is losing managing director and group partner Stephen Kruemmer to ‘personal reasons’ as of tomorrow. He will be jointly replaced by current partners Ulf von Haacke and Peter Wirtz.
2 min read · 05 January 2013
PEO’s parent has been recognised in the prestigious awards’ international trade category. London-based PEI Media now has customers in 80-plus countries and has more than doubled its overseas revenues in the past three years.
2 min read · 05 January 2013
Andrew Hartley, a founder of UK mid-market firm August Equity, has joined direct secondaries investor Chamonix Private Equity. The direct secondaries market is ‘the place to be’ as deal flow from financial institutions increases, he says.
2 min read · 05 January 2013
As shareholders in UK public companies come under fire for their lack of supervision, the private equity model should provide a flattering contrast – but LBO excesses mean the case is harder to make, writes Andy Thomson.
2 min read · 05 January 2013
British Chancellor Alistair Darling announced plans for a £750m Strategic Investment Fund in today’s budget, which the UK’s private equity and venture capital trade body says is 'reminiscent of the 1970s'.
2 min read · 05 January 2013
According to the PEI 300, Private Equity International magazine’s proprietary ranking of the world’s largest private equity firms, the firm led by David Bonderman has raised more capital for private equity direct investment than any other firm over the past five years.
2 min read · 05 January 2013
The UK government’s vehicle for promoting economic growth in the developing world recorded a 13% decline in the value of its portfolio in 2008, but it outperformed its nearest benchmark – the MSCI Emerging Markets Index – by 22%.
1 min read · 05 January 2013
The value of UK deals inked by private equity and venture firms last year fell below £20bn for the first time since 2005, according to preliminary data from the BVCA. The industry group says, however, that discounting the frothy 2006-2007 period, last year's numbers compare favourably with data for the decade as a whole.
1 min read · 05 January 2013
The bank’s Alternative Investment Partners division will target buyout funds in North America and Western Europe, global venture and global special situations funds.
2 min read · 05 January 2013
