Western Europe

Deutsche Beteiligungs puts brave face on market problems(3)

Listed German mid-market buyout firm Deutsche Beteiligungs' head Wilken von Hodenberg (pictured) has emphasised the firm's relatively lowly leveraged business to defend its positive outlook in contrast to its two month share price plunge.

Duke Street grows operating partner team(3)

L’Oréal veteran Thierry Paternot is joining Duke Street Capital as its eleventh operating partner as the firm deploys its latest fund.

General Atlantic continues worldwide recruitment drive

John Bernstein, who previously led Advent International’s London branch of its European technology and telecoms team, is the latest hire by global investment firm General Atlantic.

UK government defends 18% CGT reforms

The UK government has signalled it will not change plans to introduce a flat rate of capital gains tax despite widespread criticism of the reforms. Tomorrow, the Treasury Select Committee re-opens its investigation of private equity.

Deutsche Beteiligungs puts brave face on market problems(2)

Listed German mid-market buyout firm Deutsche Beteiligungs' head Wilken von Hodenberg (pictured) has emphasised the firm's relatively lowly leveraged business to defend its positive outlook in contrast to its two month share price plunge.

Virgin and Flowers submit bids for the Rock

The bids are shaping up for UK bank Northern Rock as its share price continues to drop.

Brown says he will close any PE tax loophole(4)

The UK prime minister Gordon Brown has said he will close any tax loophole private equity enjoys, as the clearest sign so far that the UK government intends to change the carried interest tax relief enjoyed by buyout executives.

CVC sells healthcare business to BUPA(2)

BUPA, a UK healthcare group, has made a A$1.225bn acqusition of CVC's DCA Agedcare Group, just months after selling its portfolio of hospitals to Cinven, a UK buyout group.

HIG Capital opens Paris, Hamburg offices(2)

The US lower mid-market private equity firm has extended its reach in Europe with new bases in France and Germany highlighting renewed interest in the lower mid-market.

ISIS closes first independent fund on £238.5m

The UK mid-market firm has closed its fourth fund above its initial £200 million target. It’s the firm’s first independent vehicle since spinning out of F&C Asset Management in 2005.