Toby Lewis
The oil and gas giant is compiling due diligence on Expro, the FTSE 250 oil and gas company, although it will need to trump a large premium offered in an agreed bid by Candover.
The fund’s manager NextEnergy Capital, a renewable energy-focussed merchant bank, is looking to use abundant leverage available for clean energy infrastructure projects.
Despite further gains in its portfolio’s value the fund of funds' discount to NAV is increasing as listed private equity firms continue to suffer.
The Central and Eastern European mezzanine firm has tapped investor demand to invest in the hybrid form of debt as the credit crunch has pushed it centre stage.
The French fund of funds’ fundraising success comes as its core European mid-market remains buoyant despite difficulties in the worldwide credit markets.
GMT’s sale of Finland’s largest credit information company to Investcorp provides the first exit for the communications specialist’s €350 million fund raised last year.
The buyout fund could set a European record, as a parallel fundraising from employees nears completion. Rival CVC Capital Partners is also hard on the heels of record holder Permira.
TPG's $800m pure equity stake in the country's biggest pharmaceutical distributor should allow the global buyout firm to tap into the fast-growing Russian market.
The global mid-market buyout firm attracted interest nearly double its planned €5bn target, but it scaled back the fund giving existing limited partners priority.
The global bank has cut half the members of its 27-strong team. Deal fees from private equity have collapsed on the back of the credit crunch, as banks have pulled back from larger buyout deals.