Western Europe

Centre Partners acquires military headhunter

The New York-based private equity firm predicts that the acquisition of the military recruiting and consulting firm Orion will create synergies with its other portfolio companies.

Pending law worries German buyout funds(2)

The German government’s latest draft of a new private equity law is good news for venture capitalists but does nothing for late stage investors.

BofA, Oak Hill in complex $1.9bn Euronext venture(2)

Bank of America, Oak Hill, along with CalPERS and Harvard have created a unique, megafund-sized pool of permanent capital to be traded on the Euronext. The vehicle, Conversus Capital, is structured like a collateralised loan obligation with private equity fund interests as the underlying assets.

Credit Suisse spin-out in $1.1bn ice deal(3)

GSO Capital Partners will add the largest ice manufacturer in the US to its diverse portfolio.

Prince says liquidity will continue fuelling buyout boom

Citigroup chief executive Chuck Prince has reportedly said his bank is “still dancing” on the back of the buyout boom which will continue to be fuelled by deeper “pools of liquidity” than the past.

Graphite makes 4.2x return on Go Plant exit(3)

UK mid-market firm Graphite Capital has sold Go Plant, a vehicle hire business, to Easternrange. The sale has generated a return of 4.2 times Graphite’s original investment.

AVP agrees bolt-on for software business(2)

Pertinence, a French intelligence software business backed by venture capital firms Advent Venture Partners and Partech International, has bought US rival Intercim.

Duke Street draws first blood in dentist battle(3)

UK-listed Oasis Healthcare’s board has accepted Duke Street Capital’s £76.9 million offer for the company. However, the deal could yet come under threat, after trade rival ADP Healthcare Services said it may submit a competing offer.

Private equity still attractive to FTSE CEOs(2)

Many FTSE 100 chief executives are considering a move into private equity, either as operating partners, advisers or individual investors, despite misgivings about the industry’s short-termism and excessive leverage.

New Look auction collapses

UK retailer New Look looks likely to be refinanced rather than sold, after the final consortium targeting the company failed to agree with the vendors’ valuation and withdrew from the auction.