Western Europe

SVG closes £70m public equities fund(2)

SVG Capital has had the final close of its latest public equity investment fund, after its last fund delivered an IRR of 46 percent to investors.

Transparency review gets guarded reception

Sir David Walker’s recommendations for improving transparency in private equity have received a largely positive reception from the industry, although not everyone was convinced.

IK engineers billion-Euro return in secondary sale(2)

European buyout firm CVC Capital Partners has bought engineering company DYWIDAG-Systems International from Industri Kapital, delivering a triple digit IRR and a double digit return on its investment after two years.

Buyout firms circle Land Rover and Jaguar(3)

Several private equity firms, including Cerberus Capital Management, Ripplewood Holdings and One Equity Partners, are reportedly looking at bids for car-maker Ford Motor Company’s two luxury UK marques, Land Rover and Jaguar.

Close Ventures invests in software start-up(2)

VCT manager Close Ventures has invested £1.5 million in UK software company Process Systems Enterprise.

Rutland recruits transaction specialist(3)

UK turnaround specialist Rutland Partners has hired transaction services specialist Liam Camburn from KPMG, boosting its investment team to ten people.

IK engineers billion-Euro return in secondary sale

European buyout firm CVC Capital Partners has bought engineering company DYWIDAG-Systems International from Industri Kapital, delivering a triple digit IRR and a double digit return on its investment after two years.

Inflexion buys stake in Jack Wills(3)

UK mid-market firm Inflexion Private Equity has made its first retail investment, buying a minority stake in casual clothing retailer Jack Wills.

Advent buys Takko from Permira(2)

European buyout firm Permira has sold Takko, a German fashion discount chain, to Advent International for €770 million. The deal comes as Permira looks to sell another retail asset – UK high street chain New Look.

BVCA begins search for new chief executive(2)

The UK trade body has begun the search for a new chief executive in the wake of Peter Linthwaite’s resignation last month.