Toby Mitchenall
The sale of German payment processing business Easycash will net 3x the firm’s invested capital.
A report from reform-focused think tank Open Europe estimates that the burden of compliance costs on managers of private equity and hedge funds could total as much as €1.9bn in the first year.
Emerging markets giant Actis is adjusting to life after the closing of its $2.9bn third fund by building up its IR and communications teams.
San Francisco-based Probitas Partners has capitalised on the move by hiring two of Deloitte’s former team to bolster its European business.
Shaun Mays replaces Mark Woodall at the helm of low carbon-focused private equity firm Climate Change Capital just as it begins raising a €500m vehicle. Prior to joining CCC in October 2008, he was the head of Deutsche Asset Management’s RREEF Infrastructure Investments.
As events in the US draw the conduct of placement agents into the limelight, research conducted by PEI Media shows that many LPs find it hard to tell the genuine article from the so-called 'finders'.
Guy Hands’ firm is in discussions with Citi about restructuring the $5.5bn debt burden weighing on EMI. The music group – home to such stars as Coldplay and REM – accounts for 30% of Terra Firma’s two latest buyout funds.
Simon Walker has called for private equity to be exempted from the EU directive on alternative investment fund managers, an appeal some have described as ‘wishful thinking’ and ‘unfortunate’.
The emerging markets giant has hired Ngozi Edozien, who last year founded the Equity Vehicle for Health in Africa.
Prompted by the ongoing pay-to-play investigation in the US, the European trade body has created a code of conduct to prevent unethical conduct in the European placement industry. The code has the backing of the LP body, ILPA.