Western Europe

EMI chief quits as Terra Firma takes charge(2)

Two of the senior managers at EMI, the UK record company recently acquired by buyout firm Terra Firma, have stepped down ahead of its planned de-listing in September. They will be replaced by two representatives from the buyout firm.

Partners Group opens in Tokyo(2)

The global alternative asset specialist, which has had a presence in Singapore since 2004, has opened a second office in Asia.

UK minister says asset class “lifeblood of innovation”

Ian Pearson, the UK minister for science and innovation, has said private equity has been “unfairly maligned” and it is part of the UK “innovation ecosystem’s lifeblood.”

Darby launches $248m central, eastern Europe mezz fund(3)

Franklin Templeton Investments’ buyout arm has launched the largest mezzanine fund in central and eastern Europe.

EMI chief quits as Terra Firma takes charge

Two of the senior managers at EMI, the UK record company recently acquired by buyout firm Terra Firma, have stepped down ahead of its planned de-listing in September. They will be replaced by two representatives from the buyout firm.

Moore opens London office

Moore, a back office services provider, has hired Simon Chadwick from Bear Stearns to spearhead its drive in London and Japan.

Gresham achieves 4x money on Warings exit

The sale of the UK construction business after 10 years leaves the UK mid-market firm with one investment still in its second fund's portfolio. Gresham also bought Hotter, a shoe brand for senior citizens.

Braemar closes second fund on $250m

New York firm Braemar Energy Ventures has raised $250 million for its second fund, which is more than 4 times the size of its predecessor.

Debt financing holds firm for mid-market(3)

CIT Capital Finance has delivered financing for the Rutland Partners-led acquisition of Pulse Home Products while Electra Private Equity has carried out a third refinancing on Allflex.

Romney seeks political capital from Bain years

In a new campaign advertisement aimed at boosting his popularity in the US presidential race, Mitt Romney is highlighting his role in mobilizing all of Bain Capital's professionals in a 1996 search for a senior partner's daughter.