Robert Venes

Global private equity firm 3i has sold its 49% stake in Atea, an IT infrastructure provider, to Norway’s Ementor, which paid a total of €113m for the business.

Alan Lovell, who announced his departure from Jarvis today, is reportedly joining Guy Hands’ private equity firm to help take a waste management business to a sale or listing.

As the private equity industry evolves, so too must fund administrators adapt their own operations. Robert Venes talks to Invesco Private Capital’s Ray Maxwell.

UK and French mid-market investor Duke Street Capital has bolstered its Paris office in the run-up to launching its sixth buyout fund.

Over the short term, the European private equity industry has delivered returns of 11.8 percent over 10 years and a one-year IRR of 33.8 percent.

Sweden’s ICA Meny is the second acquisition from Nordic Capital’s recently-closed €1.9bn vehicle in the last week.

The Central and Eastern Europe-focused private equity firm has made its first investment in Croatia, acquiring the aluminate cement business arm of Germany’s HeidelbergCement Group.

The London-based investor, founded by former 3i executives, has made its fourth investment from its vintage 2004 £400m debut fund.

Global private equity firm 3i has followed its recent investment in builders’ merchant MKM Building Supplies with the disposal of a 49.9% holding in Belfast-based JP Corry Group.

Less than a month after the launch of Dubai-based Abraaj Capital’s Pakistan-focused buyout fund, the country’s Securities and Exchange Commission is reportedly proposing a 10-year tax exemption for private equity funds.