Western Europe

Monument boosts European team

UK affiliate of US placement agent Monument Group has hired Laurence Zage from Helix Associates to develop its business.

PE staff kept in the dark about incentives

Private equity professionals participating in carried interest schemes are rarely provided with estimates of the likely size of any incentivisation package.

Fourth acquisition for Advent leisure group

Parques Reunidos, a Spanish theme park operator, has made a French firm its fourth overseas acquisition since being acquired by Advent International two and a half years ago.

Investcorp’s asset mix proves record hit

The Bahrain-based alternative assets manager has enjoyed a record year of profits, while returning $1.2bn to investors in its private equity deals.

Bridgepoint storage deal pays out £101m

European buyout firm Bridgepoint’s buy-and-build strategy in the storage facility sector is starting to pay dividends with the refinancing of Safestore.

MatlinPatterson buys Italian fashion house

In the wake of the arrest of a rival bidder, US distressed private equity firm MatlinPatterson has acquired Italian fashion house Cerruti from troubled Italian textile and apparel conglomerate Fin.part, according to reports.

Clearbrook makes first disposal

Clearbrook Capital Partners, a private equity firm established by Robin Saunders, has sold laboratory company Eclipse Scientific for £50 million.

Allied Irish Banks hires for Germany

Jens Dienstbach, previously at IKB Deutsche Industriebank, has joined Allied Irish Banks to focus on acquisition finance activities in Germany.

PE acts its age

With the high-profile buyout of distressed investor WL Ross, the private equity business continues its on-going maturation. By Aaron Lovell.

Apax heavyweights to launch fund

Toby Wyles, the veteran Apax manager, is returning to the market with a blue-chip spinout of star deal-doers and operators from Apax, BC Partners and Bridgepoint.