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peHUB First Read

Today First Read brings you news of Thoma Bravo and TPG fundraisings, an insight into the PE financing of technology companies and a first for Facebook shares.

Capita chief Pindar to step down – Reuters

Capita chief executive Paul Pindar is to step down in early 2014 after 26 years at the firm, writes Reuters. Pindar, who joined Capita from private equity house 3i, is leaving to establish a portfolio of private equity opportunities, the firm said.

3i buys out Scandlines co-owner – Reuters

Private equity investor 3i has bought out the co-owner of its ferry group Scandlines and finalised refinancing of existing debt facilities, writes Reuters. 3i bought Allianz Capital Partners‘ 49 percent stake for 165 million euros ($223 million). The closing of the transaction is expected to take place before the year end.

3i offers to buy remaining stake of Scandlines – Reuters

Private equity investor 3i has offered to buy the shares in Scandlines it does not already own, after an attempt to find a buyer for the ferry group failed earlier this summer, writes Reuters. 3i’s bid for the 50 percent stake held by co-owner Allianz Capital Partners (ACP) values Scandlines at more than the 1.3 billion euros ($1.7 billion) that buyout group TPG offered for the whole company, writes Reuters.

Reuters – 3i’s US Debt Management Arm Raises $500m Fund

British private equity group 3i‘s US debt management arm has raised a $500 million fund to invest in corporate debt and loans to back private equity buyouts, writes Reuters. The collateralised loan obligation fund, Jamestown II, is 3i Debt Management US’s second since it was established in August last year as a joint venture with US fund manager WCAS Fraser Sullivan Investment Management.

Reuters – 3i Asia Head to Leave

British private equity group 3i said on Monday its head of Asia operations Anil Ahuja and a senior India executive will be leaving the company, writes Reuters. Samir Palod has been named head of the India team.

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peHUB First Read

Find out what’s been happening over the weekend with the latest links including the latest on Mithril Capital’s first fund, 3i’s head of Asia operations leaving the firm and NEA to open a Boston office within six months.

peHUB First Read

This morning find out what private equity’s comeback plan is, if it indeed needs one, how much Boston biotech has raised in offerings and what the lowdown is on 3i’s restructuring plans.

Hamilton Lane Expands European Team with Senior Exec

Global private equity asset management firm Hamilton Lane is expanding its Europe-based presence with the addition of Paul Waller to the newly-created role of partner in its London office. Waller recently retired as a managing partner from 3i after 35 years and will focus primarily on client development and overall firm marketing initiatives.

peHUB First Read

This Wednesday morning First Read brings you a map of the New York PE cluster, reveals 3i is close to its second Brazilian deal and unveils some hungry food start-ups.

3i-backed SLR acquires GSS Environmental

3i-backed SLR Management, an environmental consultancy, has acquired GSS Environmental. GSS is an Australian provider of environmental consulting and project management services to clients in the mining, minerals, land development and natural resource sectors.

Reuters – Intertrust Attracts PE Interest

Private equity firm Waterland has attracted a number of potential buyers for Dutch trust and corporate management business Intertrust Group, writes Reuters. Blackstone, Carlyle and Cinven are buyout houses looking at the deal and could submit bids. Bridgepoint, CVC and 3i have also considered the deal, according to Reuters‘ sources. Reuters – Private equity firm […]

3i Sells Novotema Stake to AXA and Management

AXA Private Equity has acquired a stake in European rubber component manufacturer Novotema Group from 3i. Novotema’s management team also invested. Novotema is headquartered in Villongo, situated 60 km northeast of Milan, Italy. PRESS RELEASE AXA Private Equity, the leading European diversified private equity firm, has acquired a stake of 82.4% in Novotema Group, one […]

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