Western Europe

ICG raises E250m for third CDO fund

Intermediate Capital Group has closed its Eurocredit CDO III fund on E250m, despite what it described as ‘very tough’ fundraising conditions.

Mid-market buyouts remain strong

The UK mid-market is leading the way in UK buyout activity, according to a new report published this week.

Apax names new CEO

Martin Halusa has been appointed CEO of the global private equity house, replacing Ronald Cohen who becomes executive chairman.

Adviser dismisses Inmarsat ‘controversy’

A lawyer advising the management team of UK satellite operator Inmarsat on its sale to private equity firms has criticised newspaper reports referring to a ‘controversial’ bonus payment.

Permira closes record buyout fund

Terms in the partnership agreement governing Permira’s E5.1bn Europe III fund reflect private equity investors’ requirements to publicly disclose details of their participation in the asset class.

Fundraising progress for SVIIT vehicles

Schroder Ventures International Investment Trust announced it has raised E110m for its second fund of funds and E103m from P123, a vehicle investing in its unique Permira fund of funds.

Americas

<p> Americas 2003-10-01 Staff Writer &lt;strong&gt;America&lt;br&gt; &lt;bold&gt;Monitor&lt;/bold&gt;&lt;/strong&gt;&lt;br&gt; &lt;sec level="2"&gt;&lt;strong&gt;Secrets worth keeping?&lt;/strong&gt;&lt;br&gt; &lt;quotation&gt;&lt;bold&gt;Regardless of what will eventually be decided by a Californian superior</p>

Deal round-up 06/10/03

Sovereign backs funeral buyout; Scottish Equity Partners leads BioVex round; Accent takes Cefar stake; Atlas leads Arrow Therapeutics financing; ING, Capricorn back TiGenix; Matrix leads Recite investment; Benchmark Capital funds Yoox; Apax backs $11m Iris round;

Over there and over here

Phoenix Equity Partners is in the unusual position of being a UK-focused mid-market private equity business that invests most of its capital on behalf of US investors. David Gregson and Hugh Lenon, who have worked together since 1985, talk to Andy Thomson about the firm's complex past and contemplate what the future holds for the business.

Europe

<p> Europe 2003-10-01 Staff Writer &lt;strong&gt;Europe&lt;br&gt; &lt;bold&gt;Monitor&lt;/bold&gt;&lt;/strong&gt;&lt;br&gt; &lt;sec level="2"&gt;&lt;strong&gt;Knowledge upgrade&lt;/strong&gt;&lt;br&gt; &lt;quotation&gt;&lt;bold&gt;Do pension fund trustees and investment consultants know enough about private e</p>