Nicole Idar Lee

A weakening pound in the wake of June’s Brexit vote drove most of the 15 pence-a-share uplift for the AIM-listed company in the six months to 30 June.

The London-listed private equity investor urged shareholders to take no action on HarbourVest’s £1bn bid, saying the 650p-a-share final offer ‘undervalues the company’.

The London-listed private equity investor urged shareholders to take no action on HarbourVest’s £1bn bid, saying the 650p-a-share final offer ‘undervalues the company’.

Frank Roeters van Lennep replaces industry reformer Ruulke Bagijn, who left the €200bn Dutch pension fund manager in May to join AXA Investment Managers – Real Assets.

The London-based buyout firm is making its second investment from Montagu V, which closed on its hard-cap on €2.75bn last September.

Now that the Bank of Italy has authorised the acquisition of the Milan-based private equity firm by Italmobiliare, Clessidra is preparing for a final close of its latest buyout fund.

The firm raised Ardian LBO Fund VI in four months – its fastest ever fundraising.

Previously based in New York, Adarsh Sarma has joined the private equity firm’s technology, media and telecoms team in London as it eyes investment opportunities across Europe.

The Swiss private markets investment manager said first-half revenues surged 58% thanks to a record €4.6 billion in new commitments, as well as a strong pipeline of investment activity.

Coller bought 50m shares in the listed private equity investor at 100 pence a share in the depths of the financial crisis, and would receive 650 pence a share if an unsolicited bid for SVG Capital succeeds.