Alex Lynn
Sellers have less negotiating power and reduced financial standing when it comes to reinvesting in their business, according to Goodwin’s 2018 Rollover Survey.
KJK Fund III will target approximately 15 buyouts or growth deals in Balkan countries such as Romania, Croatia and Bosnia-Herzegovina and the three Baltic states.
The firm has significantly altered its allocation to the lower end of the market in a bid to avoid possible macro-economic headwinds.
Three firms broke into the top 10 after leapfrogging a host of blue-chip players.
GPs deployed €19.2bn into entry deals in the first quarter of the year, down from €37bn in the same period in in 2017, according to S&P Global Market Intelligence.
CEE buyout values totalled €6.3bn across 43 deals last year, up from just €1.1bn of spending across 74 deals in 2016.
The newly-rebranded Oddo BHF Private Equity will seek €300m for a new secondaries vehicle from predominantly European and Middle Eastern institutional LPs.
Japanese funds have generated a lower TVPI multiple than other developed markets, according to investment software firm eFront.
The bank has launched a four-strong directs and co-investment team amid soaring investor demand for greater control over their private equity holdings.
The Neuberger Berman unit has not set a hard-cap for the vehicle but is unlikely to exceed $6bn, PEI understands.