Yolanda Bobeldijk

Four consecutive quarters of declining private equity activity relates to a scarcity in quality assets, increased competition from strategics and a lack of available debt, according to a BDO study.

Michelle Capiod is being made partner at the firm, which has deployed 80% of its €1.53bn Fund III.

Dividend recapitalisation activity, which has been robust this year, will be restricted by the implementation of the AIFM directive next July.

Mike Smith, who’s led CVC to become one of the world’s largest private equity firms, will be succeeded by Donald MacKenzie, Rolly van Rappard and Steve Koltes.

As the firm nears a €1.5bn first close, it has decided to reduce the resources it has devoted to fundraising in order to focus on investments.

The firm has made a €69.2m approach for Dutch technology-focused employment business TMC Group.

As the exit market continues to be challenging, dividend recaps remain a tempting exit option for private equity firms. Loan volume for dividend recaps is now the highest since 2007, according to research.

The UK-based fund of funds has made three senior promotions, including naming US head Jamie Ebersole managing director, as it plans to strengthen its US platform.

The US bank is expanding its UK operations for the second time this year, viewing the UK as ‘a hub’ for Europe.

Mehmet Sami, the managing director and executive board member of Ata Invest, has left Ata to pursue other opportunities in the private equity advisory sector.