Nicholas Donato

Britain’s largest private equity industry group is calling for an ambassador to venture capital as part of the UK government’s 2011 budget.

TPG bought spirits maker Mey Icki, its first investment in Turkey, for $900m in 2006.

Buyout giant CVC Capital Partners has launched an internal investigation into an alleged bribery scandal surrounding its acquisition of Formula One in 2006.

Maurice Tchenio, one of the three founders of private equity titan Apax Partners, has passed control of the firm’s French arm months before it closes a new fund.

The alternative asset titan has sold its majority stake in JMC Steel Group to minority shareholder Zekelman family.

The latest study from LBS and HEC academics follows a report they released in June 2010, which found buyout funds to have a unique alpha component.

A US federal appeals court has given the green light to an investor lawsuit claiming Blackstone whitewashed its portfolio before launching its listing on the NYSE.

Market players are disagreeing over which EU legal instrument should be lobbied for as new rules over the alternative investment industry draw nearer.

Former HFX Capital senior executive Phil McGowan has replaced Ian Lambert as head of private equity and real estate services in the EMEA region.

Phase4 Ventures, the venture capital arm of Nomura, has become an independent firm that will begin fundraising in the next 12 months.