Western Europe

Failed deals top $200bn this year(4)

The value of cancelled deals globally has broken the $200 billion mark in 2007, easily surpassing last year’s total.

IDFC Private Equity leads $100m investment in India’s Moser Baer(4)

India’s IDFC Private Equity is leading a consortium of Singapore’s GIC Special Investments and the UK’s CDC Group to invest $100 million in the country’s largest optical storage media manufacturer Moser Baer.

Palamon-led consortium helps HSBC streamline credit card portfolio(4)

European mid-market firms Palamon and Electra Private Equity as well as Morgan Stanley’s alternative investment arm have bought two high-risk credit cards from HSBC at a discount.

HarbourVest fleshes plans for $828m fund listing(3)

In a bid to woo investors, global fund of funds manager HarbourVest Partners has chosen a fee-free structure and is picking up the expenses for the fund offering, which will list next month 90 percent committed.

Failed deals top $200bn this year(3)

The value of cancelled deals globally has broken the $200 billion mark in 2007, easily surpassing last year’s total.

DIC picks up Almatis, UBS underwrites $1bn(4)

Dubai International Capital, the Middle Eastern investment firm, has bought Almatis in a secondary deal, with loans at more than six times EBITDA provided by Swiss bank UBS.

Truell says government promised taper relief was permanent(3)

The former chairman of the BVCA Edmund Truell has claimed the government has reneged on its promise not to “snatch away” the taper relief on capital gains tax at 10 percent then Chancellor of the Exchequer Gordon Brown introduced in 1997.

CDC invests $30m in microfinance(4)

CDC, the UK government-backed emerging markets fund of funds, has nearly quadrupled its allocations to microfinance - the provision of small loans to entrepreneurs in developing nations.

Duke Street signs up to Walker report across portfolio(2)

Duke Street Capital’s decision to report on all its portfolio companies will boost the number of companies affected by the Walker code. Walker estimated 65 portfolio businesses would be compelled to report from day one.

Gresham recruits from Deloitte(3)

Gresham has recruited James Slipper from Deloitte as a partner, after working with the accountant on a number of deals.