Western Europe

Double whammy for PPM in Germany(2)

The mid-market buyout group reportedly trying to win its independence from UK insurer Prudential has done two deals today in Germany.

Monument expands partnership by six

The Boston-based private equity placement agent has expanded its partnership on both sides of the Atlantic.

Friend or foe?(3)

CVC’s latest fund can go hostile, but will more likely be used to apply pressure to a recalcitrant board.

TPG, Apollo to buy Harrah’s for $17bn(2)

After months of negotiation, the board of the gaming company has agreed to a sweetened offer from the two private equity firms.

Lloyds TSB promotes director to chair buyout arm

Lloyds Development Capital has found a replacement for Michael Joseph, who stood down as chairman of the private equity company earlier this year.

Double whammy for PPM in Germany

The mid-market buyout group reportedly trying to win its independence from UK insurer Prudential has done two deals today in Germany.

Change Capital Partners in second deal in a week(3)

Change Capital Partners has become the controlling shareholder in a company formed from the merger of four Spanish electrical goods retailers in its second deal in a week, and may raise its second fund in 2007.

August Equity sells windows business for £42.3m(3)

August Equity has sold a windows manufacturer in its third exit of the year.

First Reserve sells Aquilex

First Reserve, a US private equity firm that specialises in the energy sector, is selling Aquilex to Harvest Partners.

SJ Berwin team defects to US rival

Kirkland Ellis has lured Mark Mifsud’s fund formation team to its London office as a complement to the transaction teams it hired last year from Allen & Overy and Linklaters.