With bank loans, bonds and other interest-related forms of finance off-limits to many Middle Eastern investing institutions, equity investments, including private equity, are the focus of activity. But Western private equity professionals seeking access to the vast capital reserves of the Middle East must first understand how shari'ah applies to the asset class. Simon Sheppard examines a distinctly Islamic form of compliance.
The turnaround market, it would seem, has more characters than a Fellini movie. Each plays an important role in this sprawling market, and each is eager not to be confused with the other, often deceptively similar protagonists.
American turnaround and restructuring consultants are expanding operations in Europe, and private equity firms are prime targets. Many of their clients, it turns out, are US private equity shops that have bitten off more than they can chew on the Continent and in the UK. Are these pond-crossing trouble seekers headed toward a similar culture shock? David Snow investigates.
Björn Savén is the chairman and CEO of Industri Kapital, one of the firms that pioneered big buyouts in Europe. Now raising its fifth fund, the firm is having to get used to the scrutiny that the new mood amongst private equity investors has instilled in the market. Philip Borel talked to Savén about investing, investments and investors in this environment.
Americas 2003-08-01 Staff Writer <strong>Monitor<br> America</strong><br> <sec level="2"><strong>Push the peanut</strong><br> <bold>Sponsor-to-sponsor buyouts are in vogue – and to many investors, a cause for concern. Are private equity firms buying fr
Europe 2003-08-01 Staff Writer <strong>Europe<br> Monitor</strong><br> <sec level="2"><strong>Viennese Whirl</strong><br> <bold>At EVCA's 20th anniversary annual meeting in June, a panel of leading private equity practitioners took a view on what lies
The Swiss insurance group has sacked the CEO and COO of its private equity unit as part of plans to withdraw from the asset class after branding it a non-core operation.
At this point in the cycle, the ambitions and anxieties of investors have a strong bearing on the mood in the asset class. So which buyside representatives are setting the tone on fundraising, terms and conditions and alignment of interest with general partners? Private Equity International selects the limited partners that matter in Europe.
Americas 2003-06-01 Staff Writer <strong>America<br> Monitor</strong><br> <sec level="2"><strong>The ironies of disclosure</strong><br> <bold>Both LPs and GPs are saying they have no problem with the wave of Freedom of Information requests flooding US
Europe 2003-06-01 Staff Writer <strong>Europe<br> Deals & Exit</strong><br> <sec level="2"><strong>BC Partners pips rivals for cable deal</strong><br> Deutsche Bank and BC Partners have reached agreement over the acquisition of TeleColumbus Group by fund