News highlights
Private equity news
Matrix buys GLE PE business
CE Europe buyouts grow in popularity
Mezzanine JV for DrKW and Anschutz
Mezzanine levels low in 2003
SVIIT name change
Euro PE 2003 performance figures
Euro fund raising and investment numbers for 2003
Sagitta raises fund and goes independent
Exponent Private Equity launched
Duke Street debt business is sold
Pomona Capital to manage $1.1bn ING portfolio
Larcombe steps down as 3i chief exec
Mezzanine levels low in 2003
LGT Capital Partners wins AP7 mandate
Baring Financial Services opens in Jersey
Chemicals sector attracts high yield
Israel: fund raising on the up
Asset allocation: the right approach?
Automotive deals drop in 2003
Europe ahead of UK says CMBOR
France: LBOs put in good performance
Venture capital news
Hamilton Bradshaw unveils new venture
Vitesse buys All-Stars Awards
Social Enterprise doing well in UK
Shot in the arm for VCT fund raising?
Merlin Biosciences & Vaekstfonden partner
UK to get new science park
Fund news
ARCIS closes ESD Fund III
€500m for German venture FoFs
Close Brothers PE closes 7th fund
Summit raises $465m sub debt fund
AXA PE FoFs II reaches target
ICG closes fund
EVP to raise €105m
Bank of Attica launches Greek VC fund
Exit news
Waterstone gets Early Learning exclusivity
Hyva exit for Alpha B
CVC exits Novem
Eircom returns to public life
Dignity sale for Montagu
Partial Linpac exit for Montagu
ARK celebrates listing
Opera awaits IPO
CSR: biggest tech IPO for three years
Basilea targets Swiss exchange
Innova Capital sells Ceramika
Avecia sells Biocides business
Ukraine raises its PE profile
Gemini sells Riverhead
GIMV realises stake in Kinepolis
DVC sells LASOR
Oriflame returns to public market
OHM celebrates AIM float
Cinven consortium sells Unique
GIMV sells stake in DEME
VCs reap benefits from Kelkoo sale
Groupe Moniteur in secondary buyout
3i relinquishes MORI stake
Cinven consortium sells Unique
Carlyle and Crédit Lyonnais exit Egencia
CD&R sells Jafra Cosmetics
People
Go4Venture moves
BoA hires
Deutsche Bank recruits
Barclays expands
New face at Waterland
Larcombe to retire
Deutsche Bet appts
DVC tech boost
Glover to BVCA chair
Pantheon boosts team
Grant Thornton appts
LDC builds team
Ansbacher FS moves
Hires at ABN AMRO
Fidelity recruits
Travers Smith hires
Rainmaker award
Apax senior advisers
MTI & Apax win
Hicks to retire next year
Index Ventures hires
Pelka leaves HgCapital
More depart JP Morgan
Features
Switzerland
New direction of Swiss listed PE funds?
After launching with a flourish in the late 1990s, listed Swiss fund-of-funds have been through a tough few years. But, asks Vicky Meek, are their fortunes finally starting to change?
Food & Drink
Has the feeding frenzy caused some indigestion?
With the failed auctions of Prize Foods, Beeck-Homann and Findus in the wake of the aborted IPOs of Ranks Hovis McDougall, United Biscuits and the Irish drinks group Cantrell & Cochrane; the trolley dash among private equity houses to load-up on European food and drink companies and head for the checkout has lately begun to weave off-course. Joanna Gant reports.
Buyouts: Media mania
M&A activity in Europe’s media sector is predicted to rise this year, driven by deregulation and continued corporate restructuring. Professional publishing will continue to attract private equity interest, while following a dramatic improvement in market sentiment about advertising revenue-sensitive areas, newspapers and TV and radio broadcasting look set to become new buyout hotspots. Joanna Hickey reports.
Legal & Regulatory Exchange: Confidentiality agreements
Francesca Murra-Johnson examines the use of confidentiality agreements in the UK and compares the situation in Germany, France, Spain and Italy.
LP Corner: To co-invest or not to co-invest?
When Jim Leech, senior vice president of Teachers’ Merchant Bank, the private equity arm of Ontario’s Teachers’ Pension Plan, gave a talk at the Super Return conference in Munich earlier this year everyone thought, as a successful and active co-investor, he would stick purely to extolling the virtues of co-investment programmes. He didn’t. Lisa Bushrod finds out why he is not a lone voice.
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