Jo Nash
The venture capital industry seems to be profiting from the record levels of capital flowing into the private equity industry, even though its returns continue to lag behind the buyout funds. Jo Nash reports.
Record amounts of funds were raised and invested in European private equity in 2006, according to pan-European trade body EVCA, with even the venture segment showing signs of a comeback.
The venture capital industry seems to be profiting from the record levels of capital flowing into the private equity industry, even though its returns continue to lag behind the buyout funds. Jo Nash reports.
European buyout firm 3i has bought Eltel Networks, a Nordic electricity and telecommunications business, from Industri Kapital. The sale, which generated a return of nearly 2.5 times IK’s original investment, is the latest in a series of lucrative exits for the Nordic buyout firm.
Record amounts of funds were raised and invested in European private equity in 2006, according to pan-European trade body EVCA, with even the venture segment showing signs of a comeback.
European buyout firm 3i has bought Eltel Networks, a Nordic electricity and telecommunications business, from Industri Kapital. The sale, which generated a return of nearly 2.5 times IK’s original investment, is the latest in a series of lucrative exits for the Nordic buyout firm.
London-based firm HgCapital has sold two software companies to US buyout firm Hellman & Friedman for an enterprise value of £500 million. The price is thought to represent a market multiple of four times.
London-based firm HgCapital has sold two software companies to US buyout firm Hellman & Friedman for an enterprise value of £500 million. The price is thought to represent a market multiple of four times.
London-based firm HgCapital has sold two software companies to US buyout firm Hellman & Friedman for an enterprise value of £500 million. The price is thought to represent a market multiple of four times.
European buyout firm Apax Partners has bought InfoPro Communications, a French provider of business information, from TowerBrook Capital Partners, generating a return of three times for TowerBrook.