Isobel Markham
Isobel Markham is Editor of Private Equity International, overseeing the editorial content of the monthly magazine and contributing news and analysis for PrivateEquityInternational.com. Based in New York, Isobel works closely with private equity-focused colleagues across PEI Media’s offices in New York, London and Hong Kong. She is a graduate of Columbia University’s Graduate School of Journalism.
Florman, former CEO of UK industry body the BVCA, is the first chairman appointed from outside the listed private equity trade body’s membership.
The fund, the UK turnaround firm’s first 10-year closed-ended vehicle, is more than three times larger than its predecessor.
Sébastien Veil, who spent 8 years at French firm PAI, joined the buyout firm's Paris office last month.
At £660m, the fund is almost twice the size of its £360m predecessor.
The promotion follows the UK mid-market firm’s recent capital raise of £500m for two investment vehicles.
High prices and lower debt multiples will take their toll on returns, according to research from alternatives manager Partners Group.
The Africa and south Asia finance sector specialist has amassed $260m for its first fund, which has a $300m hard-cap.
New data from Invest Europe show a 25% year-on-year increase in total investment in the region, with buyouts the vast majority of invested capital.
A survey by mid-market firm ECI finds high-growth UK businesses are less likely to choose private equity as a funding option than last year.
The UK-focused fund, which had excess demand before the Brexit vote, includes a GP commitment of 2%.