Matthieu Favas
Matthieu Favas is the editor of Agri Investor. He was previously the web editor of Infrastructure Investor, where he started in 2013 after a year as a reporter at Private Equity International. Prior to joining PEI he spent four years in the wine industry in London, Spain and Mongolia.
The US firm has paid €212m for the engine maker in the latest sign of a gradual return of deal activity in Italy.
The US firm will buy the French furniture retailer from Apax, LBO France, and NiXEN, in a deal valued at between €650m and €700m.
The deal, led by a consortium which includes Russia’s sovereign private equity arm and trade buyer Cordiant, comes a week after One Equity announced its spin-off from JP Morgan.
Billed as the largest FMCG buyout in Sub-Saharan Africa outside South Africa, the deal brings the total invested by the firm on the continent to $2.2bn.
The departures of David Whileman and Tomas Ekman, managing directors in charge of 3i’s UK and Nordic operations, come after a year of intense restructuring for the firm.
Chairmen appointed by private equity owners post-acquisition should focus on building relationships with management, serial chairman Hamdi Conger said at today’s PEI Operating Partners Forum in London.
The account, the second such vehicle created by the fund of funds in recent months, will invest across an array of nine alternative asset classes.
The UK firm has sold the €250m French calibration business to AXA Private Equity, the latest of a spate of exits it has achieved since the beginning of the year.
The UK firm has made a fourth investment from its Fund V, which it topped up with €300m last week.
While the ESG ‘expectation gap’ between LPs and GPs is gradually narrowing, better reporting can accelerate dialogue, said panellists at PEI’s Responsible Investment Forum this week