Private Equity

Western Europe

Lion creates baking giant

Lion Capital has rolled over its investment in Hiestand, a bakery, as it merges with its rival IAWS ahead of a planned flotation next year.

2 min read · 04 January 2013

Investors put the brakes on fundraising

EVCA says the drop in distributions to investors has hit fundraising, but delegates at its annual symposium in Madrid today insisted the industry is not in crisis despite the global credit turmoil.

2 min read · 04 January 2013

Auda targets $500m for secondary fund

A year-and-a-half after the spin-out of its secondary investment team, now Newbury Partners, New York-based Auda is raising a mid-market secondary fund targeting a first close on 30 June.

2 min read · 04 January 2013

Gresham hires former E&Y advisor

The UK mid-market firm has hired Dan Hatcher, a former M&A advisor at Ernst & Young who has worked with Gresham on secondment since May 2007.

1 min read · 04 January 2013

Industry to lobby EU lawmakers on proposed PE regulations

The BVCA, EVCA and CBI are together lobbying Brussels as an EU committee mulls mandatory regulation of alternative investment funds as proposed by former Danish Prime Minister Poul Nyrup Rasmussen.

2 min read · 04 January 2013

AXA closes fourth LBO fund on €1.6bn

The French insurance giant’s private equity arm has more than tripled its previous buyout fund and increased its geographic scope to include Italy.

2 min read · 04 January 2013

TPG to take 23% stake in UK lender

The US private equity firm will again provide rescue financing for a financial institution rocked by the subprime and corporate credit dislocations, this time agreeing to inject £179m in Bradford & Bingley.

1 min read · 04 January 2013

Barclays buys vehicle trim company from 3i, Taros

German company Novem, whose first management buyout was backed by Goldman Sachs and CVC Capital Partners, will change hands for the third time among private equity sponsors.

1 min read · 04 January 2013

Myners joins Synova

One of the City of London’s most famous pluralists adds another private equity firm to his roster of responsibility. He is the latest of a number of heavyweight financiers the fledgling buyout firm can call to its cause.

2 min read · 04 January 2013

ICG finds opportunity in credit crunch

The UK finance provider’s full-year fiscal profits climbed 8 percent as banks continue to suffer from the credit troubles.

2 min read · 04 January 2013

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