Fund Management

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 Warsaw-based private equity group has invested $3m in a 39 per cent stake in Kinoplex, Poland’s largest cinema operator.

Following a SFR90m loss for the nine months ending December 31, the listed Swiss fund of funds says the decline of its share price is slowing down.

Private equity is often described as a long-term game and many investors read this as code for the asset class' inherent illiquidity. But now securitisation has come to private equity with the potential of dramatically changing the landscape. Private Equity International looks at recent developments.

News: Deals 2002-03-01 Staff Writer <b>Coller Capital makes first exit from Lucent portfolio</b><br />Pequot Capital Management and New Venture Partners, the New Jersey-based venture capital operation controlled by UK private equity secondaries specialist Coller Capital, have partially dive

Preparing the launch of two new investment vehicles next year, the Swiss group behind Prime Edge Capital is building up its US presence.

The UK venture capitalist, which is raising is also looking to raise two new funds to reinvest in its 26 portfolio companies.

When predicting market movements is seen as unusually difficult, the hunt for market inefficiencies is urgent. Sophisticated funds are seeing opportunities in public companies which are gaining little advantage from their stock being public.

Part II of Joe Bartlett's overview of best market practice for negotiating the terms and conditions of venture capital and buyout funds. The first installment of his catalogue of Frequently Asked Questions appeared in the previous issue of PEI.

Rigorous insurance due diligence is key in the buyout process if nasty surprises are to be avoided. It can also boost a bidder's bargaining position, finds Philip Borel.