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.
Andrew Lebus will succeed Ian Armitage, who retired from HgCapital last year, as the chair of the listed private equity trade body.
The Dutch biotech company is now valued at around $670 million, after its shares gained 48 percent in their first day of trading.
The development finance specialist has hired a former IFC executive to fill the newly created role, as it seeks to accelerate its move towards direct debt and equity investing in Africa.
Amid a renewed appetite for M&A, competition for quality assets is growing more intense – but readily available financing now puts buyout firms and trade bidders on a similar playing field, says law firm CMS Hasche Sigle.
The luxury fashion brand is the third UK private equity-backed retailer to collapse in recent weeks.
The US firm has bought the packaging business from Irving Place and Oaktree, four years after the company filed for bankruptcy.
Thanks to a buoyant high-yield market, the overall refinancing burden of unrated PE-backed companies has largely decreased – but the weakest borrowers remain highly vulnerable, says the rating agency.
The educational publisher, acquired by Apax and OMERS for $7.7bn in 2007, has entered bankruptcy protection to eliminate $4bn of its $5.8bn outstanding debt - just ten days after Apax closed its new buyout fund.
The Swiss fund of funds has held a final close on its maiden vehicle, which has sought to enlist investor interest by offering a one year investment period and early distributions.
Natixis Private Equity, the buyout arm of French lender Natixis, just acquired Swiss-based Euro PE. At a time when most banks are retreating from the asset class, chief executive Dominique Sabassier explains why private equity remains an integral part of Natixis’ strategy.