Iberian private equity’s time to shine
As the Spanish economy continues to grow, the latest fundraising figures hint that Iberia’s standing in the private equity world could be on the rise.
Subscription line financing: A step too far?
Earlier this month Howard Marks, co-founder of Oaktree Capital Management, wrote a somewhat disapproving memo on the subject of subscription line financing. His is not the first criticism of the practice, and other commentators have warned that it could effectively be fleecing LPs. But is subscription line financing really so bad?
Gresham House Strategic takes private equity public
Gresham House Strategic makes its returns from applying private equity techniques to listed companies. But its strategy could also prove profitable for more traditional GPs.
Chequers Capital closes 17th fund above target at €1.1bn
The Chequers Capital XVII fund was raised in less than three months, with demand exceeding the final size by more than two times.
Capital Dynamics passes halfway mark on fourth co-investment fund
Capital Dynamics has raised at least $204m for the fund, which is targeting $350m according to filings made with the SEC.
Agilitas-backed Recover Nordic makes round of bolt-ons
Recover Nordic, a provider of damage control, emergency response and environmental services, has acquired three businesses in Sweden and one in Norway since the beginning of the year.
EQT sells Bureau van Dijk to Moody’s for €3bn
EQT acquired Bureau van Dijk, a business intelligence provider, in 2014 for €1.6bn. The business generated revenues of €258m and Ebitda of €132m in 2016.
Vendis Capital grabs over-the-counter pharmaceuticals business Sylphar
The deal will see the exit of private equity firm Concordia, which has been "very well rewarded" after its ten-year hold of Sylphar.
Investors’ costs on the rise despite broader fall in management fees
Private equity management fees remain high, while those in private debt and funds of funds drop. Despite the falls, Bfinance research reveals investors' overall costs are on the rise.
Growth Capital Partners invests in recycling business First Mile
Founded in 2004 by chief executive Bruce Bratley, First Mile has grown by 25 per cent per year and now serves more than 17,000 business across London.
DBAG makes €10m divesting automotive testing business Formel D to 3i
3i will invest up to €247m in Formel D, with the aim of introducing co-investors post-closing to reduce its investment to €150m.
FSN’s Instalco floats at top of price range
The heating and plumbing installation business listed at a price of SEK55 per share, corresponding to a market cap of SEK2.5bn.
BC Partners sells down stake in Italian value fashion retailer OVS
The sale price of €6.11 per share is 56 per cent above OVS’s 2015 IPO price, and BC Partners remains the controlling shareholder.
KKR’s Pillarstone completes first Greek transaction with Famar
The deal comes one day after the platform was officially granted a licence by the Bank of Greece to operate in the country.
KKR’s Pillarstone granted licence by Bank of Greece to manage NPEs
The EBRD will selectively co-invest up to €50m in partnership with Pillarstone, and has taken a five per cent stake in Pillarstone Greece.
Waterland’s fintech company Hanse Orga bolts on Dolphin Enterprise Solutions
Dolphin Enterprise Solutions has offices in the US and Canada, and serves more than 250 corporate customers.