Lending to poor people – or, in banking jargon, credit-impaired low-income groups – isn’t exactly flavour of the month.
Private equity’s missionaries have an important lesson to preach: risk is not the same as volatility.
Forbion Capital Partners and Inventages Venture Capital have invested €7m in the first close of a third round of financing for Dutch company AM-Pharma.
The US was once the holy grail of European venture-backed business. But several US start-ups have recently reversed the trend by moving to the old Continent.
Smedvig Capital has invested £5.5m in Ocean Outdoor, a manager of large-scale advertising sites across the UK.
Already an established part of the direct M&A market, insurance is starting to feature in secondaries as a means of untangling tail-end portfolio sales.