Western Europe

GB Merchant Partners sells Spencer’s(3)

Gordon Brothers’ private equity arm has sold specialty retailer Spencer’s Gifts to ACON Investments after streamlining its business and redesigning its stores.

Christian Hollenberg quits Orlando

One of Orlando Management’s founding partners Christian Hollenberg is stepping down after seven years to spend more time with his young family. He plans to launch a new business in 2008.

GA promotes management worldwide

General Atlantic, the global growth equity firm, has continued its Asia push with three promotions to managing director in the region while also advancing staff in its US and Europe offices.

Piper makes 6x return from Las Iguanas(2)

Piper Private Equity has sold its minority stake in UK Latin American-themed restaurant chain Las Iguanas to Bowmark Capital for £27 million, registering a 6 times return with a 40 percent IRR over five years.

European Capital bullish on market woes(5)

The listed debt and equity provider has reported strong quarterly results and increased its dividend expectations, arguing that its “one stop buyout” model gives it a crucial advantage in the current market.

Partners Group profits up 72%(2)

Mid-year profits for Swiss alternative asset manager Partners Group have risen 72 percent compared to the same period last year, while its assets grew more than 60 percent.

European Capital bullish on market woes(4)

The listed debt and equity provider has reported strong quarterly results and increased its dividend expectations, arguing that its “one stop buyout” model gives it a crucial advantage in the current market.

Deutsche Beteiligungs exits tool company after nine years

Engineering company A-Tec Industries has bought Dőrries Scharmann Technologie, a machine tool company, from German buyout firm Deutsche Beteiligungs. Mysterious investor group the Arabic Finance Circle is simultaneously attempting to buy a substantial stake in A-Tec.

Carlyle and Advent flip building company(2)

Investment company Arcapita has bought window and door company HT Troplast from The Carlyle Group and Advent International two years after the firms bought the company.

European Capital bullish on market woes(3)

The listed debt and equity provider has reported strong quarterly results and increased its dividend expectations, arguing that its “one stop buyout” model gives it a crucial advantage in the current market.