Kevin Ley

The private equity firm sold nearly 15m shares in chemical company Brenntag in a heated German IPO market.

Kenneth Vecchione, the firm's former CFO, resigned his duties in January and will leave the firm by the end of this month.

A recent bill introduced by US Senator Christopher Dodd maintains SEC registration exemptions for private equity and venture capital funds.

A debate by ministers over stringent regulations for EU fund managers was temporarily cancelled following interventions by the UK Prime Minister Gordon Brown.

Debate by members of the EU Economic and Financial Affairs Council on stringent regulations for EU fund managers scheduled for 16 March has been temporarily cancelled.

Kohlberg Kravis Roberts' $550m E2 fund will only pay carried interest to the GP after netting any losses, costs and expenses from the primary fund.

ILPA and the US Treasury are the latest to speak out on the adverse effects proposed legislation would have on Europe's private equity market.

Former GMAC chief financial officer Robert Hull will take over the role at the media -and communications-focused firm from Raymond Mathieu.

The globally focused buyout firm is establishing a presence in the US financial capital for the first time in order to deepen its investment platform and expand its list of contacts.

UK pharmaceutical company Goldshield, which HgCapital acquired in January, may have understated its profits for several years prior to the purchase, the firm said.