Western Europe

Apax: Tax furore threatens UK’s primacy

A report by Apax Partners has found the UK to be the most favourable environment in Europe for private equity investment. However, the buyout firm warned that any changes to the tax regime could knock the UK off the top spot and redirect investment into other territories.

3i strengthens CEE buyout team(2)

3i has recruited Andrzej Szostak from Rothschild Group to lead its deal activity in Poland, as it continues to commit more resource to buyouts in central and eastern Europe.

Advent buys Takko from Permira

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.

European Capital opens in Spain(2)

European Capital, a listed affiliate of US group American Capital Strategies that invests in equity, senior and mezzanine debt, has opened its fourth office in Europe.

AA and Saga in £6bn merger(3)

Travel and insurance group Saga is to merge with the AA, the vehicle breakdown service owned by Permira and CVC Capital Partners that has been at the heart of the recent controversy over private equity. The move has provoked further union anger.

Carlyle bolsters aerospace and defence portfolio(3)

Transportation communications and systems engineering company ARINC s to be purchased by The Carlyle Group, which this week has been linked with nearly $30 billion in deals and a $300 million Euronext listing.

European Capital opens in Spain

European Capital, a listed affiliate of US group American Capital Strategies that invests in equity, senior and mezzanine debt, has opened its fourth office in Europe.

Buyout firms circle Land Rover and Jaguar(2)

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.

Greenpark strengthens team as it starts spending fund(3)

A month after closing a €730 million fund, European secondaries specialist Greenpark Capital has bolstered its team with the appointment of two new investment directors and two internal promotions.

Greenpark strengthens team as it starts spending fund(2)

A month after closing a €730 million fund, European secondaries specialist Greenpark Capital has bolstered its team with the appointment of two new investment directors and two internal promotions.