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AT&T Team Move To JP Morgan

20 years ago

The prospect of mass defections by experienced in-house teams who are lured by more attractive remuneration packages in the third-party fund management sectors, is a nagging worry for dedicated pension fund managers that have built up substantial private equity interests. Not so for AT&T Investment Management Corporation. Although its private equity management team has moved […]

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CDC South Asia Fund Is On Course for $200 Million

20 years ago

The Commonwealth Development Corporation (CDC), under its Commonwealth Private Investment Initiative (CPII) programme, has launched a fund which is aiming to raise $200 million for investment in South Asia. At its first closing in late Autumn, the South Asia Regional Fund, the third vehicle established under the CPII umbrella, had raised $119.5 million (ecu 107 […]

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Murray Johnstone Forms Three-Way Asian Partnership

20 years ago

As most of its peers look towards Continental Europe, Murray Johnstone Private Equity (MJPE) has opted instead to take the less trodden path into Asian markets. Murray Johnstone, which already has a well-established group office in Singapore has joined forces with GK Goh Holdings, one of the largest stockbrokers in South East Asia, and BancBoston […]

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Electra Links with Pactual for $400 Million Brazil Fund

20 years ago

Electra Fleming, which over the last two years has made a concentrated effort to expand its investment business into the major Continental markets, is now looking further afield in its bid for greater geographical diversification. The latest market to catch the group’s attention is Brazil, the world’s eighth largest economy, where it has joined forces […]

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Global Private Equity III Joins $1 Billion Club.

20 years ago

Advent International, which set an initial target of $625 million for its most recent international vehicle, Global Private Equity III (GPE III), is closing the fund on $1 billion (ecu 898 million). Director Will Schmidt said the $950 million cap set at the first closing was revised upwards “to accommodate additional interest from three or […]

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Study Finds Variation in European Investment Practices

20 years ago

The recent publication of a Centre for Management Buyout Research (CMBOR) study is timely in view of the number of UK private equity houses that have stepped up their activity in Continental European markets and the re-emergence of a strong US presence in both the UK and Continental Europe during the last year or so. […]

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ETF Aims to Create Jobs And Boost Innovation

20 years ago

The European Investment Bank (EIB), over the next three years will channel ecu 125 million from its annual surpluses into venture funds investing in early-stage technology companies in Europe. Dubbed the European Technology Facility, this initiative forms part of the EIB’s special growth and employment action programme. At its launch, which coincided with the European […]

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CCP Capital Launches First Private Fund for Croatia

20 years ago

Croatia’s first private sector venture capital fund has been launched as the country embarks on a programme of rapid economic reconstruction. The Adriatic CCP Fund, which will invest both in existing private sector SMEs and in privatisations, is a joint venture between the EBRD, Zagrebacka Banka, one of Croatia’s leading commercial banks, CCP Capital and […]

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HEP Raising Private Hungary Fund

20 years ago

HEP Investors Inc. is targeting $60 million (ecu 54 million) for a fund for private Hungarian businesses. By November, Hungarian Equity Partners (HEP) had rounded up $30 million. The fund, launched in October, has raised $8.5 million from the EBRD, $12 million from Private Equity Holding, a Vontobel group fund-of-funds, and $9.5 million from the […]

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SPEF Fund Will Groom IPO Candidates

20 years ago

SPEF, the merchant banking subsidiary of Groupe Banque Populaires, which has a 30% share of the French SME banking market, has launched a pre-IPO fund to capitalise on the leading market position and on SPEF’s close connections with Easdaq and specialist investment bank Quartz Capital Partners. The SPEF Pre-IPO European Fund held a first closing […]

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Amadeus Speeds To First Close

20 years ago

Amadeus Capital Partners has rounded up GBP20 million (ecu 30 million) from four major international investors in what must surely be one of the fastest closings yet seen for a first-time fund. Only a month elapsed between the issue of the memorandum and the first closing. Microsoft, which emerged as a cornerstone investor for Amadeus […]

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Deutsche Telekom Sets Up DM100 Million Venture Arm

20 years ago

In autumn 1997, Deutsche Telekom established a corporate venturing arm which will invest DM100 million (ecu 50 million) of its parent’s money in telematics enterprises over the next three years. T-Telematik Venture Holding (T-Venture) will devote some 60% of its resources to direct investments and 40% to investment in externally managed venture funds. This mixed […]

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Candover Cements French Joint Venture

20 years ago

UK buyout house Candover, which has taken a more cautious approach to expansion into Continental Europe than have many of its peers, has now established a foothold in France. The formation of Chevrillon Philippe Candover (CPC) formalises an existing collaborative relationship between Candover and Chevrillon Philippe, France’s largest independent asset management company. This relationship first […]

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NatWest Equity Partners Eyes LP Fund Market

20 years ago

NatWest Equity Partners (NWEP) is preparing its first external LP fund. Although a late entrant to the third-party vehicle market, the firm already manages funds for a number of major portfolio clients, including Rover Group and Shell, as well as the Gartmore funds, which came under NWEP management when its parent bank acquired Gartmore early […]

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Excel Launches $100 Million Fund for Iberia

20 years ago

Excel Partners began fund raising for Excel Capital Partners III in November. The group, newly independent after its founding partners bought out Rothschild’s interest in the management company in early 1997, is targeting $100-120 million (ecu 90-108 million) for later-stage investments in Spanish and Portuguese companies. The existing funds under Excel management, Excel Capital Partners […]

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ACT Launches IRGBP 75 Million Fund

20 years ago

ACT Venture Capital, Ireland’s largest and most successful private equity house, is preparing to launch an IRGBP 75 million (ecu 98.5 million) 1998 fund, and expects to hold an initial closing on ACT 98 during the first quarter. ACT VC, formed by Niall Carroll and other members of Allied Irish Bank’s venture capital team, raised […]

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Advent International Opens French Operation

20 years ago

France is the one major European market where Advent International had neither a wholly-owned office or a local affiliate. Now, in response to an increase in investment opportunities in France, the firm has opened a Paris office and recruited Eric Adjoubel to head its French operation. Massimo Prelz, managing director of Advent International’s Continental European […]

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Granville Enters Germany

20 years ago

The recent blossoming of the German private equity market over the last 18 months has prompted numerous UK groups to establish a direct presence there. Most of these groups are players at the larger end of the buyout market. By contrast, Granville Private Equity Managers, which has just announced the opening of Granville Private Equity […]

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