Cantor Fitzgerald Europe names consumer and retail director

Global financial services firm Cantor Fitzgerald Europe has hired Eric Bourguignon as director of consumer and retail in the firm’s corporate finance team. Previously, Bourguignon worked at HSBC Investment Bank where he served as senior vice president on the retail coverage team.

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CVC buys majority stake in The Executive Centre

CVC Capital Partners has agreed to buy a majority stake in The Executive Centre from Headland, which will retain a minority ownership in the firm. No financial terms were disclosed for the transaction that is expected to close at the end of May. PwC, Bain & Co., Freshfields Bruckhaus Deringer and Clifford Chance advised CVC while Allen & Gledhill advised Headland. HSBC and Babson Capital are providing the debt financing for the deal. The Executive Centre is an Asia-based serviced office provider.

Vero Software Lands Acquisition Financing from Silicon Valley Bank and HSBC

Vero Software — a computer aided design (CAD) and computer aided manufacturing (CAM) company based in Cheltenham, England — has received an undisclosed amount of money from senior lenders Silicon Valley Bank and HSBC to acquire Sescoi International, another CAD/CAM software company. Vero, which did not publish the purchase price, is a portfolio company of Battery Ventures.

Allianz Capital Attracts Buyers to Sale of Vending Machine Biz Selecta

Allianz Capital Partners has attracted a number of potential buyers in the sale of its European vending machine business Selecta, which is expected to fetch at least 700 million euros ($881 million). REUTERS: Allianz Capital Partners has attracted a number of potential buyers in the sale of its European vending machine business Selecta, which is […]

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BGF Appoints Talent Network Head

Business Growth Fund, a fund established to help the UK’s smaller and medium sized businesses, has appointed Cate Poulson as head of BGF’s talent network, to develop the firm’s relationships with a network of experienced business leaders. BGF is an independent company with capital of up to 2.5 billion pounds ($3.9 billion), backed by five […]

Slideshow: The Private Equity Exodus

The last couple of years have seen a steady trickle of banks and insurers selling private equity assets and other non-core units as regulators globally toughen capital requirements.

In the US, the Volcker Rule, a part of the financial regulatory overhaul law that limits proprietary trading, or investments by banks using their own capital, has been forcing banks to sell part or all of their private equity portfolios.

In Europe, banks are selling their private equity assets to boost their balance sheets to prepare for the Basel III reform package which will impose capital constraints on investments. The new rules will come into force on January 1, 2013, with full implementation by 2019.

Today, we’ll take a look at some of the US and European institutions who have been offloading their private equity assets and what prices they have been getting. It also includes a couple that are on the sales block waiting to make their announcement. There are also a few among the bunch that, since being spun out, have commenced efforts–with varying degrees of success–to raise new funds. How successful these PE shops will be independently in some cases remains to be seen…

Blackstone Invests $34M in India’s FINO

Buyout shop Blackstone will put 1.5 billion rupees ($34 million) into FINO, an Indian technology solutions provider for banks, microfinance institutions and insurance companies, Reuters reported Thursday. The company’s existing investors include HSBC, ICICI Bank and Intel Capital. Blackstone did not disclose the size of its stake in FINO.

Sun European Partners’ Affiliate Acquires Britton Flexibles

Sun European Partners, the European advisor to the U.S. private equity firm Sun Capital Partners, is announcing that one of its affiliates has acquired the plastic packaging company Britton Flexibles from HSBC. Britton produces everything from cereal box liners to banking coin bags, and it’s been owned by HSBC Private Equity since a 2008 management buyout. […]

HSBC Spins Off Asia Private Equity Business

HSBC has spun off its Asia private equity fund management business, Reuters reported. The group’s management team now holds 80.1% of the business, with HSBC retaining the remaining shares. HSBC planned earlier this year to spin off this group, as well as four other regional private equity businesses, as it attempts to focus more on core operations, Reuters said.

HSBC Sells Eversholt To Morgan Stanley, Star Capital, 3i

After lengthy negotiations, HSBC Holdings has agreed to sell U.K.-based train leasing business Eversholt to a consortium of infrastructure funds in a 2.1 billion pound ($3.39 billion) deal, Reuters reported. Morgan Stanley Infrastructure, 3i Infrastructure and Star Capital comprise the group buying Eversholt, which owns close to a third of Britain’s trains. HSBC bought Eversholt in 1997 for 726.5 million pounds.

HSBC In Finals Talks on Eversholt Sale

(Reuters) – HSBC Holdings PLC (HSBA.L) is in final price negotiations with a consortium of infrastructure funds on the sale of its rolling stock business, Eversholt, several people familiar with the matter said on Monday. Morgan Stanley (MS.N) Infrastructure, 3i Infrastructure (3IN.L) and Star Capital are in advanced talks to buy Eversholt, which owns one […]

HSBC In Talks to Sell Private Equity Biz

LONDON, June 4 (Reuters) – British bank HSBC (HSBA.L) said it is in talks that could lead to five separate management buyouts of its private equity fund management businesses, as banks go back to focusing on core operations. Europe’s biggest bank said on Friday talks are expected to lead to spin-outs of its private equity […]

HSBC Gets PE Bids for Train Sale

AMSTERDAM (Reuters) – CVC Capital Partners and a consortium of Morgan Stanley (MS.N) Infrastructure, 3i Infrastructure (3IN.L) and Star Capital have made indicative offers in the 2 billion pound ($3.1 billion) auction of HSBC’s (HSBA.L) rolling stock firm, several people familiar with the matter said.

HSBC’s (0005.HK) rail unit Evershot has a UK fleet of over 4,000 trains and its sale follows the rationale of the divestments of the other two UK train leasing companies, as banks look to raise cash by disposing assets not central to their businesses.

HSBC Holds First Close on Third Infrastructure Fund

(ReuterS) – HSBC said on Wednesday it had reached its first close on its fourth infrastructure fund, raising more than half of its $1 billion target in what is still seen as a tough environment for infrastructure investors. The bank said the unlisted fund, called HSBC Infrastructure Fund III, which has a mandate to invest globally, […]

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