Western Europe

Freedom founder takes artistic route(2)

Nicolas Berggruen, the ex-private equity executive behind the vehicle that will take hedge fund GLG Partners public, has followed an unusual route to success.

BS Private Equity buys Italian transmission business

The fourth deal of the year for the Italian mid-market firm takes them closer to launching fundraising as its current fund is 80 percent committed.

Baxi renegotiates debt to avoid default(2)

Baxi, a European heating company owned by buyout firms BC Partners and Electra, has approached lenders in an appeal to renegotiate its debt obligations to avoid defaulting. The negotiations come as the latest sign the credit markets are proving less favourable to buyout firms.

Pensions expert defends Electra(3)

A leading pensions expert has defended London-listed Electra Private Equity, after the listed trust became the latest target for activist trade unions following a reduction in pension benefits for ex-employees of its portfolio company Lil-lets.

Seconds out… Round Three(2)

As four more buyout bosses and two influential third parties go before the UK Treasury Select Committee, the industry hopes for a further damage limitation exercise. James Taylor reports.

Intel ‘certain’ on mobile TV

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.

Baxi renegotiates debt to avoid default

Baxi, a European heating company owned by buyout firms BC Partners and Electra, has approached lenders in an appeal to renegotiate its debt obligations to avoid defaulting. The negotiations come as the latest sign the credit markets are proving less favourable to buyout firms.

Riverside closes third Europe fund on €315m(3)

With a new fund nearly ten times the size of its predecessor, the Cleveland and New York-based firm plans to expand its European footprint to include the Benelux region, the Iberian Peninsula, Brussels and Holland.

Freedom founder takes artistic route

Nicolas Berggruen, the ex-private equity executive behind the vehicle that will take hedge fund GLG Partners public, has followed an unusual route to success.

UK Chancellor reassures private equity(2)

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.