Oliver Smiddy

CVC Capital Partners co-founder Donald Mackenzie has been appointed as chairman of the company that's been plagued with bribery allegations.

IK Investment Partners is poised to sell French building materials company Etanco to 3i Group, set to be the buyout firm's third exit following this week's sale of Idex and last month's disposal of Magotteaux.

UK private equity house Doughty Hanson has promoted six of its investment team as part of a drive to develop talent in-house.

Kim Pedersen, a senior figure at placement agent Park Hill Group’s London office, has left to launch his own venture. His exit leaves three managing principals within an 11-strong European team.

Dubai-headquartered private equity firm Abraaj Capital has acquired North African rival Amundi's North African private equity business, a month after it failed in its bid to obtain a stake in Egyptian peer Citadel Capital.

US buyout group TPG Capital has backed Nordic lender Saxo Bank, investing $560m in equity for a 30% stake, and providing an exit for private equity peer General Atlantic.

HIG Europe has won control of struggling marketing company Bezier using a debt for equity swap, an increasingly common tool for sponsors acquiring distressed assets from banks.

HgCapital Trust, the listed arm of Ian Armitage (pictured)-led buyout group HgCapital, outperformed the FTSE All Share index in the first half - although NAV growth was down on H2 last year.

CVC, no stranger to partnering with entrepreneurs after investing in F1 with Bernie Ecclestone, has acquired a majority stake in a gym chain owned by Richard Branson’s Virgin Group.

HarbourVest Partners is poised to grow its AUM with the $806m acquisition of listed Swiss peer Absolute Private Equity.