Yolanda Bobeldijk
It is August Equity's first exit from its £155m second fund. The sale returned 37% of the fund.
European deal volume and value continue to slow amid ongoing volatility in the region, according to Q3 CMBOR data.
The value of Carlyle’s buyout funds increased by 12% since the beginning of 2012. Its buyout funds grew by 5% in the third quarter while growth capital valuations were unchanged.
The London-based firm has delivered a good return ahead of a likely new fundraising process next year as its current Fund VII reaches the two-thirds deployed mark.
The co-operative network is designed to help the firms leverage each other's knowledge of markets in Europe, and could be expanded in due course to include other regions.
Gilde Equity Management has shrugged off this week’s VAT rise in the Netherlands and acquired a bakery company that is heavily reliant on consumer spending.
The Moscow-based firm attracted a total of $1.5 billion when a sidecar fund is factored in, the largest amount of private equity capital ever raised in Russia.
While the performance of portfolio companies returned to pre-revolutionary levels, a lack of exits and one-off fees hampered the firm’s performance.
The Abu Dhabi-based firm appears to be unaffected by the Arab spring and the global economic climate as its 2010 fund is 50% deployed after two years.
The appointment of Andrew Sykes follows the decision of current chairman Nicholas Ferguson to retire from the board.