Private equity correspondent
Simon's Feed
Jan 16, 2012

Founder plans Eden Springs water group sale: sources

LONDON (Reuters) – The founder of Israeli mineral water group Mayanot Eden (MEYD.TA: Quote, Profile, Research, Stock Buzz), best known for its Eden Springs office watercooler brand, is planning a sale of the business, people familiar with the situation said.

Eden’s chairman and founder Roni Naftali, together with other Naftali family members, owns close to two thirds of the Tel Aviv-listed group, according to Tel Aviv market data, and has invited banks to pitch for the role of selling the business, the people said.

Jan 11, 2012

Buyout firms warm to Nordics amid European deal freeze

LONDON, Jan 11 (Reuters) – In Stockholm, the
temperature will fall to minus 5 celsius this weekend. In Oslo,
it’ll be minus 7.

The mercury may struggle to pierce zero in northern Europe
in January, but the whole Nordic region is shaping up to be a
hot spot for buyout deals again in 2012.

Jan 5, 2012

Private equity’s dismal fundraising year – Preqin

LONDON (Reuters) – Private equity groups suffered another dismal year on the fundraising trail as many struggled to convince investors to stump up fresh capital for deals.

Private equity firms raised $263 billion (169 billion pounds) in 2011, slightly less than they gathered in 2010, according to data firm Preqin, and a far cry from the height of the buyouts boom, when they pulled in around $600 billion a year.

Jan 4, 2012

CVC bulks up debt arm with credit deal

LONDON (Reuters) – Private equity group CVC Capital Partners CVC.UL is expanding further into debt management in a deal with asset manager Resource America to create a new credit arm with assets of $7.5 billion.

CVC will combine its existing credit arm Cordatus Group with Resource America’s (REXI.O: Quote, Profile, Research, Stock Buzz) Apidos Capital Management, the two parties said in a statement on Wednesday.

Jan 4, 2012

Private equity endures dismal fundraising year: Preqin

LONDON (Reuters) – Private equity groups suffered another dismal year on the fundraising trail as many struggled to convince investors to stump up fresh capital for deals.

Private equity firms raised $263 billion in 2011, slightly less than they gathered in 2010, according to data firm Preqin, and a far cry from the height of the buyouts boom, when they pulled in around $600 billion a year.

Dec 20, 2011

Buyout investor SVG unveils cashback plan

LONDON (Reuters) – Buyout investor SVG Capital (SVI.L: Quote, Profile, Research) offered to return 170 million pounds ($246 million) to shareholders, sharply boosting its share price, and said it would loosen its close ties with private equity firm Permira PERM.UL.

Permira, which has invested in fashion groups Hugo Boss and Valentino, has only seen valuations on its fourth buyout fund climb back above par after heavy writedowns in 2009, when the sector was reeling from the credit crisis.

Dec 19, 2011

Moulton’s Better Capital eyes 200 mln stg for deals

LONDON, Dec 19 (Reuters) – Better Capital,
the listed private equity group established by Jon Moulton, is
hoping to raise up to 200 million pounds ($311 million) to buy
more struggling companies across the British Isles over the next
two years.

A total of 158 million pounds has been raised under a firm
placing towards a second fund, Better Capital said in a
statement on Monday, adding it was targeting a further 42
million.

Dec 16, 2011

Credit Agricole trims down with private equity sale

PARIS/LONDON, Dec 16 (Reuters) – French bank Credit
Agricole, looking to cut its exposure to risky assets,
is to sell its private equity unit for just over 300 million
euros ($390 million), a banking source close to the deal said.

After a number of large disposals in 2011, banks still have
tens of billions of dollars in private equity assets, raising
the prospect of more sales as banks shrink their balance sheets.

Dec 15, 2011

Apollo set to buy Taminco-sources

LONDON, Dec 15 (Reuters) – Private equity firm Apollo
Global Management is set to acquire Belgian chemicals company
Taminco for around 1.2 billion euros ($1.56 billion), sources
close to the deal said on Thursday.

Taminco is owned by CVC Capital Partners, which put the
company up for sale in September. Goldman Sachs was mandated to
run the hotly contested sales process.

Dec 14, 2011

Buyout firms in final fight for Italy’s Rottapharm-sources

LONDON, Dec 14 (Reuters) – Buyout groups Advent,
Carlyle and Avista are competing over a
large stake in Italian drugs group Rottapharm, as the sale of
one of Europe’s largest private equity targets moves towards a
conclusion, people familiar with the situation said.

Advent, Carlyle and Avista have been taken into a third and
final round of bidding for Rottapharm, which could lead to one
of them taking a stake of about 40 percent in the company, the
people said.