Western Europe

Terra Firma on cusp of £2.4bn EMI victory

Terra Firma is set to triumph in its EMI bid, as Warner Music looked increasingly likely to withdraw from the bidding.

HIG targets Europe after €600m fund close(2)

HIG Capital, a US private equity firm with a long track record, has raised €600 million for a new fund that will target small to mid cap companies in Europe. It expects to hire as many as 30 local investment professionals by the end of the year.

Mid Europa Partners completes first Serbian leveraged buyout(3)

Central and eastern European buyout specialist Mid Europa Partners has acquired television and internet company Serbia Broadband from Bedminster Capital Management, in the country’s first leveraged buyout.

AVCAL says “economic xenophobia” in decline(3)

Katherine Woodthorpe, chief executive of the Australian Private Equity and Venture Capital Association, has said Australian “economic xenophobia” has lessened after the Australian Senate’s inquiry into private equity.

S&P warns cov-loose may lead to backdoor cov-lite(3)

As the sub-prime debt crisis spreads from the US to Europe, the ratings agency Standard & Poor’s believes covenant-loose contracts, with notional maintenance tests written into contracts, may be covenant-lite “in spirit if not the letter”.

Investors pull plug on Magenta Investimenti(2)

Italian mid-market firm Magenta Investimenti has closed its doors after investors decided to liquidate the fund once the key man clause was triggered.

UK Chancellor reassures private equity(3)

Alistair Darling, the new UK Chancellor of the Exchequer, has indicated that he will not make immediate changes to private equity’s current tax regime.

HIG targets Europe after €600m fund close

HIG Capital, a US private equity firm with a long track record, has raised €600 million for a new fund that will target small to mid cap companies in Europe. It expects to hire as many as 30 local investment professionals by the end of the year.

Intel ‘certain’ on mobile TV(2)

The investment arm of the semiconductor giant has gained footholds in a variety of mobile TV technologies around the world, and it’s betting that they can combine to make a solution that will become ubiquitous in just a few years. Dave Keating reports.

CDC commits $100m to two China funds as regulations tighten(3)

CDC has committed $100 million to two China-focused funds – CDH China Fund III and CITIC Capital Partners’ maiden China fund.