Venture capital investments in France are on a path of decline, falling 17 per cent from EURO306 million in the second half of 2001 to EURO254 million for the first half of this year, according to L’Indicateur Chausson Finance, the French corporate finance boutique. Venture investments have been falling steadily since the second half of […]
3i has acquired Paperpak for EURO95 million, backed by financing from Barclays Capital and Wells Fargo. Barclays provided EURO35 million, Wells Fargo provided EURO26 million and 3i injected the remaining EURO34 million. There will be no further syndication of the bank debt. The deal took nine months to complete because of complexities arising from the […]
The senior debt facility backing the EURO460 million LBO of Fiat’s Teksid aluminium unit by a consortium of private equity houses led by Questor Management will total EURO170 million. The leveraged loan should launch to market later this month, via mandated lead arranger JP Morgan. The consortium, which also comprises JPMorgan Partners, AIG and Private […]
Finvest, Scandinavia’s only listed private equity fund-of-funds, is to acquire Sampo’s private equity interests and will rename the merged entity Amanda Capital. The new entity will have over EURO800 million private equity assets under management. Finvest will acquire around EURO19 million private equity investments from Sampo. There remains EURO6 million still to be drawn down […]
Former SocGen director Beltran Paredes heads the Royal Bank of Scotland’s Spanish division, which set up in Madrid last year. The main reason for RBS setting up in Spain is that private equity houses have a pan European culture and the bank was aware that it should be where its key customers are. “Our customers […]
Grant Thornton has appointed Ian Paterson as partner within its transaction support team. Joining the firm from Arthur Andersen, Paterson’s new role will focus on mid-market transactions for private equity and corporate clients. Prior to Andersen Paterson spent 14 years with KPMG, initially in audit, but latterly in corporate recovery and corporate finance.
Bridgepoint Capital has acquired an 18 per cent stake in UK-based importer and supplier of private label wine Western Wines for GBP53 million. Barclays Capital is mooted to have provided debt finance to support the buyout, although it is not yet clear whether the debt will be syndicated The investment will assist in the strategic […]
Duke Street Capital’s acquisition of Invicta Leisure has provided Electra Investment Trust and RIT Capital Partners with an exit. Esporta Group, the vehicle Duke Street Capital set up for the recent public-to-private of Esporta, has bought the company for GBP140 million. RIT Capital Partners (the successor to the Rothschild Investment Trust) initially backed Invicta, which […]
Sarah Grunewald has joined McInnesCorporateFinance (MCF) as a non-executive chairwoman. She was formerly with Arthur Andersen. Grunewald, who has nearly 20 years experience in corporate finance, said: “Over the past couple of years I have watched with interest as MCF has gone from strength to strength advising on some substantial deals. MCF has a strong […]
Placement agent services are in boom time. Many of the firms that have now moved into this space have done so during the last two years leading many to speculate who will still be around in the next three to five years. Victor Quiroga of Paris-based placement firm Triago, which started operations in 1992, says: […]