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Advent International Adds Six Deal-Doers

19 years ago

In response to increased deal flow throughout Europe, Advent International has added six new investment executives to its European team. Three new members have been recruited to Advent’s London office: Fred Wakeman and Victor Vadaneaux, who moved from GE Capital’s private equity investment team, have joined as senior investment managers and Rory Pope as an […]

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CVC Expands Team to 60

19 years ago

Following the July $3.1 billion closing of CVC European Equity Partners II, the largest pan-European buyout fund to date, CVC Capital Partners has added three members to its investment team, which now numbers 60 executives across its nine European offices. Anthony Fobel, formerly a corporate finance director at Lehman Brothers, joins CVC’s London office as […]

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RBS Launches German Debt Unit

19 years ago

The Royal Bank of Scotland (RBS) is expanding its highly successful acquisition finance operation into Continental Europe. The group has recruited Michael Foecking, formerly of BHF-Bank, to head a new acquisition finance unit in Frankfurt, and will shortly appoint another director to establish a parallel operation in France. Leith Robertson, head of the RBS acquisition […]

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ACT Supports Trailers Acquisition

19 years ago

MDF Engineering of Ireland in September acquired Antrim-based SDC Trailers from Powerscreen International for GBP7.25 million (ecu 10.3 million). ACT Venture Capital invested GBP1.5 million to support the acquisition, which forms an integrated trailer manufacturing group. SDC is the largest truck trailer manufacturer in Ireland, with a 60% share of its domestic market, and ranks […]

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Advent Int’l Taps Romanian Brewery Sector

19 years ago

Advent International confirmed its taste for Romanian beer in October when Brewery Holdings, a vehicle owned by funds managed by Advent, Jupiter International Group and Meinl Bank, acquired controlling interests in two more Romanian breweries. Brewery Holdings acquired majority holdings in Bere Miercurea Ciuc and its distribution arm, Inter-Ciuc, in January of last year. Bere […]

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NEIV Backs Estonian Insurer

19 years ago

Hodgson Martin, the Edinburgh-based manager of New Europe Insurance Ventures (NEIV), in late summer said that the fund, together with the European Bank for Reconstruction and Development (EBRD), had invested $2 million (ecu 1.7 million) for a 30% holding in Nordika Insurance, the fourth largest insurance company in Estonia. Subject to Nordika’s performance in the […]

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Janson Expands Backed by Tufton Capital

19 years ago

Following a first investment two years ago in Janson Investissement, a French group that provides services to the wine industry, Tufton Capital this summer provided an undisclosed further sum to finance Janson’s acquisition of two wine bottling companies in the Rhone Valley. Bordeaux-based Janson, founded in 1990, has interests encompassing wine bottling, labelling and warehousing, […]

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Kennet Capital Invests in Monis

19 years ago

Monis software, a specialist provider of software and services to the derivatives industry, has secured an undisclosed expansion funding commitment from Kennet Capital, GBP1.6 million (ecu 2.3 million) of which as already been injected into the company. Formed four years ago through an MBO from the London Business School, Monis has emerged as the global […]

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Polish Superstores Raise $11 Million

19 years ago

A consortium including ABN AMRO Ventures of the Netherlands, Kleinwort Benson of the UK and Belgian investors Merifin Capital and ORESA Ventures, together with management, in October provided $11 million (ecu 9.2 million) expansion funding for Retail Investment Concepts Inc. (RIC). RIC is the Central and Eastern European licensee of Office Depot Inc, the world’s […]

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KKR Carves Slice of European Action

19 years ago

As the long-predicted invasion of the European private equity market by US buyout houses gathers momentum, Kohlberg Kravis Roberts & Co. (KKR) has moved to the fore. KKR, long viewed by Europeans as the “archetypal” US LBO house, thanks largely to the publicity surrounding its $26 billion acquisition of RJR Nabisco in the ’80s, made […]

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Venture Fund-Raising Soars In First Half

19 years ago

As the venture capital industry races toward yet another record-breaking year for fund raising, industry professionals are asking some now-familiar questions: How much capital is too much? Where will it all go? When will the gravy train end? As ever, with the increase in the number of dollars raised and in investor commitments to the […]

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UK Private Equity Demonstrates Consistently Superior Returns: 1997 Performance Survey Shows Venture Outperform UK Pension Assets

19 years ago

Headline numbers from the latest UK venture fund performance survey showed that these vehicles significantly outperformed UK pension fund assets over one, three, five and ten years. Venture funds also outperformed the FTSE All-Share Index and FTSE 100 Index over three and five years, according to the 1997 Performance Measurement Survey undertaken by the British […]

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France 1997: Disbursements Rose 44% As Fund Raising Wavered

19 years ago

The value of the French private equity market grew by 44% in 1997 to an all-time high of FFr 8.3 billion, according to an annual activity survey carried out by Association Francaise des Investisseurs en Capital (AFIC), France’s national venture capital association. This growth was more than double the 17% increase in investment values recorded […]

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Clayton Dubilier Eyes Europe

19 years ago

Clayton, Dubilier & Rice, which in May launched its sixth buyout fund, a $3 billion (ecu 2.7 billion) vehicle, plans to embark on an expansion programme in Europe, following in the footsteps of players such as Credit Suisse First Boston, The Carlyle Group, Texas Pacific Group and Hicks, Muse, Tate & Furst. The group has […]

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City of London Targets Emerging Market Secondaries

By Larry Aragon — 19 years ago

City of London Investment Group plc (City of London) aims to raise up to $200 million (ecu 180 million) for an emerging markets fund-of-funds. The Emerging Markets Special Opportunities Fund (EMSOF) will acquire interests both in hybrid funds – quoted vehicles which take stakes in both public and unlisted stocks in emerging markets – and […]

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Crossroads on Track With Latest Fund-of-Funds

19 years ago

The first LP fund-raising exercise by Crossroads Group since it split from Bigler Investment Management last year is gathering momentum and heading for a close around its $300 million (ecu 271 million) target within the next few months. In July, Crossroads 1997 Private Investment Portfolio (C97 PIP) had rounded up $112 million through a series […]

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Horsley Bridge Closes First European Vehicle

19 years ago

Horsley Bridge International at the end of July held a $193 million (ecu 174 million) initial close on the Horsley Bridge European Fund. Established as fund-of-funds manager in the US since 1983, Horsley Bridge Partners has to date raised five domestic vehicles. The Horsley Bridge European Fund, which set out to amass between $200 million […]

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Carlyle Caps Europe Fund At Double Initial Target

19 years ago

The Carlyle Group in July capped Carlyle Europe Partners (CEP), its maiden European fund, at ecu 1 billion, twice its original target. Whereas other recent US-based entrants to the European private equity market have relied largely on support from their domestic backers, Carlyle also successfully courted European institutions, rounding up some 40% of CEP from […]

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