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.
Thoma Bravo will pay around C$1.6 billion for the Canadian auto marketplace.
Bottinelli stepped into the CEO role earlier this year following the untimely death of firm founder Claudio Sposito.
The firm said it stretched its hard-cap to €2.1bn to accommodate investor demand.
Depressed exit activity could be exacerbated by the industry’s reliance on secondary sales, the industry body says.
Fund of funds and secondaries prove most popular strategy choices.
Predictions for UK M&A in the second half of the year range from ‘lacklustre’ to ‘a write-off’.
The €7bn Sixth Fund attracted strong support from public pensions, while funds of funds and sovereign wealth funds dialled back their commitments.
The pension fund, which has an 11% allocation to private equity, said it will be working with policy makers and regulators to protect the interests of long-term investors.
Ardian Expansion Fund IV is twice the size of its predecessor and will look for larger investment opportunities.
The firm has amassed $7.9bn for the vehicle, which held a $7bn initial close last month.