Robert Venes
CVC Capital Partners has sold Danish building materials retailer DT Group for €1.5bn, three years after acquiring the business in a €540m public-to-private.
A group of senior private equity professionals has been tasked with educating the EU about current impediments to their industry’s growth. By Robert Venes.
France Telecom has followed up the sale of its PagesJaunes directory business today, with the disposal of its Mobile Satellite Communications arm to Apax Partners for €60m.
Kohlberg Kravis Roberts, a US buyout house, has beaten off competition from a number of other private equity firms, including Texas Pacific Group and Eurazeo, to acquire France Telecom’s 54% stake in French directories business PagesJaunes.
Sovereign Capital, a London-based mid-market private equity firm, has increased its investment team to 17 with the appointment of investment manager Mark Williams.
Panmure Capital, a joint venture between UK stockbroker Panmure Gordon and Bank of Scotland, will receive the full attention of chairman Richard Wyatt, who steps down from his role as executive chairman of Panmure Gordon to focus on the private equity business.
Bridgepoint, a European mid-market private equity firm, has returned over £200m to shareholders in a week through the refinancings of specialist pet product retailer Pets at Home and self-storage business Safestore.
A £10m break fee arrangement in Permira and Barclays Capital’s £1bn bid for McCarthy & Stone, a UK homes builder, has led to a higher offer from a consortium including Bank of Scotland and Sir Tom Hunter being rejected.
Shah Capital Partners, a California-based private equity firm, has led an investor group in the $170m purchase of Thales Navigation from the French defence and aerospace group.
Esprit Capital Partners, formed from the merger of Prelude Ventures and Cazenove Private Equity, has sold its stake in security technology company BlackSpider Technologies and invested in a second round financing of network graphics semiconductor business Newnham.