March 2007 Issue


    Month: March
    Year: 2007

    Back to Print Editions

    TOM'S TASTI TREAT(2)

    Can the investor behind Snapple do it again with ice cream?

    TOWERING IN TORONTO(2)

    The debut mid-market fund from ONCAP has been a huge success.

    AGENCY PROBLEM(2)

    Swollen management fees have the power to warp GP investment decisions.

    FIRST ROUND(2)

    The meaning of Steve Schwarzman's taste in music.

    Editor's letter(2)

    Editor's letter 2007-03-01 Staff Writer Visit an online news archive. Throw the names “Kravis” and “Roberts” into the search engine. Then go back to the mid-1980s. What you'll find, in case you'd forgotten – or, like me, are too young to remember: Kohlberg Kravis Roberts & Co ruled

    PEO 2.0:<br/>COMFORT READING

    Nicholas Lockley, editor of PrivateEquityOnline.com, looks through his online window on the industry.

    ON THE RECORD

    2006 was an exceptional year for EQT, the Northern European LBO investor based in Stockholm. Here Conni Jonsson, the firm's CEO, reflects on the successes of the recent past and the challenges facing private equity in the near future.

    CALPERS RIDES THE CLEANTECH EXPRESS

    The largest public pension fund in the US is making a high-profile push to be a leader in clean energy funding.

    In the fast lane

    Pacific Equity Partners in Sydney is preparing to organise a A$4 billion Australasian buyout fund – by far the largest such entity ever raised. Philip Borel reports.

    FoFs shy away from limelight

    Fund of funds managers may be amongst the most knowledgeable investors in private equity, but they are unlikely to assume the role of public champions for an industry facing up to a renewed wave of criticism. By James Taylor.

    EUROPE

    Johannes Huth, managing partner of KKR and head of European operations

    The secret army

    KKR is extending its influence throughout Europe and Asia. Andy Thomson profiles the key protagonists.

    What they said

    A selection of bon mots by, and about, KKR, spanning 27 years.

    VENTURESCOPE(2)

    A number of life sciences venture capital funds have developed hybrid strategies in a market where the boundaries between listed and unlisted investments are obscured. Jo Nash looks at the rationale.

    VENTURESCOPE

    Despite last year's war on Israel's northern border and continued chaos in the region, Israeli high-tech companies received $1.62 billion of funding in 2006 – the highest amount in five years. Investors say continued insecurity has been the driving force behind Israel's VC success. Dave Keating reports.

    EXPLORING AFRICA

    Emerging markets specialist Actis has hired a new head of oil and gas.

    PAVING THE WAY

    India's infrastructure problem is proving to be an opportunity as well as a handicap

    TROUBLE IN TAIWAN

    As its tortuous efforts to acquire a mainland Chinese company continue, The Carlyle Group now finds it has opened a new can of worms in Taiwan.

    A MIXED RECEPTION

    Despite a wobbly start, the creators of the Private Equity Foundation are looking forward to things to come.

    APAX CASHES IN

    The recent sales of Mölnlycke and TIM Hellas sent a useful message to LPs.

    LIVING IN AMERICA

    ATP PEP, the Danish limited partner, has set up an office in New York. Klaus Rühne is in charge.

    WELLCOME INTERVENTION

    Britain's largest limited partner has spoken up in favour of the beleaguered private equity industry. Other investors should follow its lead.

    APPLAUSE FOR BRAVO

    Chicago's Thoma Cressey adds long-time partner to its name plate.

    TOM'S TASTI TREAT

    Can the investor behind Snapple do it again with ice cream?

    TOWERING IN TORONTO

    The debut mid-market fund from ONCAP has been a huge success.

    AGENCY PROBLEM

    Swollen management fees have the power to warp GP investment decisions.

    FIRST ROUND

    The meaning of Steve Schwarzman's taste in music.

    Editor's letter

    Editor's letter Staff 2007-03-01 Writer Visit an online news archive. Throw the names “Kravis” and “Roberts” into the search engine. Then go back to the mid-1980s. What you'll find, in case you'd forgotten – or, like me, are too young to remember: Kohlberg Kravis Roberts &a