Western Europe

Tax changes would hit smaller firms hardest(2)

Lyceum Capital chief executive Philip Buscombe has weighed into the row over the tax treatment of carried interest, suggesting that changes to the rules will affect the ability of smaller buyout and venture capital firms to attract talented managers from the corporate world.

Figures hint at venture comeback(3)

The venture capital industry seems to be profiting from the record levels of capital flowing into the private equity industry, even though its returns continue to lag behind the buyout funds. Jo Nash reports.

BC seals $16bn Intelsat deal(2)

BC Partners, a publicity-shy European buyout firm, has followed its acquisition of estate agent Foxtons by agreeing to buy Intelsat, the world’s largest commercial satellite operator. It is the firm’s biggest deal to date.

Edmond de Rothschild Capital Partners exits free magazine group(3)

Media group Sud-Ouest has bought free magazine group H3S from Edmond de Rothschild Capital Partners as the buyout firm registers its third exit to date.

IR trade body to launch this summer(2)

Private equity’s investor relations professionals will have their own UK trade body from this summer. The launch of PEIRA, which will focus primarily on training and networking, comes as the industry faces increasing pressure to improve its public image.

Newmark warns of leverage-fuelled default disaster(2)

Brooks Newmark, a UK Treasury Committee member and Conservative MP, has warned the industry is heading towards a public relations disaster in the event of the collapse of a big portfolio company bought in the last 12-18 months, which may lead to some serious “knee-jerk” reactions.

ECM resolves succession issue at German courier(3)

The owner and founder of European courier IN tIME Direkt-Kuriere Transport has sold his stake to German buyout firm ECM Equity Capital Management following succession problems.

BC seals $16bn Intelsat deal

BC Partners, a publicity-shy European buyout firm, has followed its acquisition of estate agent Foxtons by agreeing to buy Intelsat, the world’s largest commercial satellite operator. It is the firm’s biggest deal to date.

EVCA says PE can benefit the economy, employment and the environment(3)

EVCA, Europe’s trade association, has embraced the increased emphasis on climate change at this year’s G8 summit, the annual meeting of the leaders of the most powerful world economies.

Mid Europa Partners completes first Serbian leveraged buyout

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.