Western Europe

Hg makes 79% IRR on software exit to H&F

London-based firm HgCapital has sold two software companies to US buyout firm Hellman & Friedman for an enterprise value of £500 million. The price is thought to represent a market multiple of four times.

Litorina holds first close at SEK 843 million

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

Global Infrastructure Partners enters Asia(2)

Private equity infrastructure specialist Global Infrastructure Partners has opened an office in Hong Kong and appointed a new partner to lead its Asian investment activities.

Academic slams ’worthless’ job creation figures

A trade union-sponsored study has slammed the evidence cited in support of private equity’s record on job creation, one of the industry’s most commonly-used defences against accusations of asset-stripping. However, the BVCA has hit back at the claims.

Buyout firms highlight pension fund beneficiaries in defence(2)

The five firms giving evidence to the UK Parliament’s investigation hope a mixture of hard fact about successful deals and plain talking about tax among other issues will make a stronger case than the BVCA managed with its lamentable performance last week.

Eagle back-tracks over Duke Street talks(3)

Angela Eagle, the British MP who told Tuesday’s Treasury Select Committee that she had been unable to arrange a meeting with Duke Street Capital over planned job losses at a Burton’s biscuit factory in her constituency, has revealed that the buyout firm did contact her after all.

Return of the Mack(2)

In announcing the resignation of chief executive Peter Linthwaite today, UK trade body the BVCA revealed that former head John Mackie will return in a temporary capacity while it seeks a permanent replacement. James Taylor reports on his surprising return to the front line.

Return of the Mack

In announcing the resignation of chief executive Peter Linthwaite today, UK trade body the BVCA revealed that former head John Mackie will return in a temporary capacity while it seeks a permanent replacement. James Taylor reports on his surprising return to the front line.

3i buys Eltel from IK

European buyout firm 3i has bought Eltel Networks, a Nordic electricity and telecommunications business, from Industri Kapital. The sale, which generated a return of nearly 2.5 times IK’s original investment, is the latest in a series of lucrative exits for the Nordic buyout firm.

Buyout firms highlight pension fund beneficiaries in defence

The five firms giving evidence to the UK Parliament’s investigation hope a mixture of hard fact about successful deals and plain talking about tax among other issues will make a stronger case than the BVCA managed with its lamentable performance last week.