Western Europe

ECP sees 3x return on African bank exit(2)

Washington DC-based Emerging Capital Partners has completed the latest of a series of profitable exits from its pioneering African investment program.

Chorus of PE tax critics grows(3)

Two former US Treasury secretaries have joined the mounting criticism of carried interest’s tax treatment. ‘o one would want to defend’ GP carry tax status, Lawrence Summers said.

CDC backs $225m Global Environment Fund(3)

UK government-backed emerging market fund of funds CDC has invested in Global Environment Fund’s second emerging markets fund, which is its first investment in the environmental buyout firm’s funds.

Brown: private equity tax review due ‘soon’

UK prime minister-in-waiting Gordon Brown has told a conference of the GMB, a trade union that has been private equity’s most vociferous opponent in the UK, that a review of the industry’s tax treatment will be published ‘soon’.

Rutland recruits transaction specialist

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

ECP sees 3x return on African bank exit

Washington DC-based Emerging Capital Partners has completed the latest of a series of profitable exits from its pioneering African investment program.

ECM resolves succession issue at German courier(2)

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.

Litorina holds first close at SEK 843 million(3)

Litorina Kapital has held a close of its third fund having attracted a wider range of international investors than its previous funds.

IR trade body to launch this summer

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.

Bridges makes case with target-topping fund(2)

Bridges Ventures, a venture capital firm with a social mission, has closed its second fund on £75 million, almost double its first effort, after proving its cause to investors.