PEI Staff

PM & Partners, Athena and Prudentia have backed the E20m management buyout of Venice-based IT services firm AIVE.

In the current economic climate, one of the hottest subjects in private equity has to do with the way the private equity funds deal, if at all, with limited partners who refuse to honour their commitments and reject capital calls. Joe Bartlett drafts a solution.

The UK Chancellor of the Exchequer has delivered his budget for the coming year, including the anticipated reduction of capital gains tax on business assets to 10 per cent.

Carlyle backs Accucard financing; Sofinnova supports esmertec second round

The £180m facility includes a 'substantial' dividend to the buyout firm's LPs.

Who is shaping the industry? The question is important, because private equity, despite its becoming a more mainstream, institutionalised asset class, fundamentally remains a people's business. Private Equity International picks the people who make all the difference in European private equity.

One of the hottest subjects in private equity has to do with the way private equity funds deal, if at all, with limited partners who refuse to honour their commitments and reject capital calls. Joe Bartlett drafts a solution.

News: Deals 2002-06-01 Staff Writer <b>Cinven acquires NCP</b><br />UK private equity firm Cinven has won the race to acquire NCP, the UK national car park business that was put up for auction by its parent company Cendant. Cinven will pay Cendant £820m for NCP - in line with analyst predic

The French firm has completed the fundraising for its mid-market Perfectis I fund.

The bank's private equity business anticipates further losses in 2002.