Robert Venes
Stockholm-headquartered private equity firm Industri Kapital has sold its last investment from its €250m 1994 vehicle, generating an overall 4x return for the fund.
The US bank’s private equity arm is reportedly looking to raise $3bn for its next fund, more than twice the size of its $1.2bn third vehicle.
London-listed private equity firm 3i has increased the amount it intends to return to shareholders following ‘strong’ full-year results from £500m to £700m.
The London, Manchester and Birmingham lower mid-market financial investor has appointed Mike O’Brien as an investment executive.
The French private equity arm of the Dutch bank has acquired the former enterprise distribution and services unit of telecommunications group Alcatel from Beverley Hills-based Platinum Equity.
Babcock International Group, currently being stalked by BAE Systems and VT Group, has acquired nuclear and airport services operator Alstec from Gresham for £45m.
The UK’s second largest chain of cinemas intends to float on the LSE next month with a reported enterprise value of £450m.
The London team at Bank of Scotland Integrated Finance has been bolstered with the hire of former 3i director Robin Winning.
US private equity firm Veronis Suhler Stevenson is increasing its European presence, both in its portfolio and its investor base. Robert Venes talks to managing director and co-CEO Jeffrey Stevenson.
Royalton Partners II, a $250m target vehicle focusing on South-eastern European companies servicing local markets, is to receive up to €50m from the European Bank for Reconstruction and Development.