Amanda Janis
The European trade body is the latest to stress placement agents ‘play a crucial role’ in the private investment fund industries.
In its second US private equity deal this year, the mega-firm will back Summit Materials alongside Silverhawk Capital and former BHP Billiton CEO Charles ‘Chip’ Goodyear.
The firm has invested in Shamrock-backed SkyVision Holdings via its $200m African fund launched in tandem with CDC.
The sale marks the second time the firms have sold shares in the Hong Kong-listed computer maker, having long ago made back their original $350m investment.
David Verey is now a non-executive director for the evergreen, LSE-quoted private equity manager.
The lower mid-market firm has held a €102m second close on its third CEE-focused fund.
The firm has broken even on its investment in the Swedish caravan maker, following a debt-for-equity swap that leaves a 25-strong lending syndicate in control.
Mark Redman will oversee European activities for OMERS Private Equity, the mid-market direct investment arm of the Canadian pension.
Jon Moulton’s resignation letter to LPs boldly advises winding down the firm’s non-traditional fund and breaking up the portfolio – a suggestion not lost on rivals and secondary investors.
The UK mid-market firm’s remaining co-founder has left following strategy differences with buyout chief Dominic Slade and has called for winding down of its main fund.