Deals

The event-driven hedge fund has increased its long position in the London-listed private equity investor via contracts for difference, regulatory filings show.

GPs are holding on to assets longer as they seek to balance out lower IRRs with higher cash multiple returns, said UBS’ Nestor Paz Galindo.

The Europe-focused buyout firm has agreed to sell its remaining 35% stake in Moleskine, completing its final exit from the luxury notebook maker.

Riverside Micro-Cap Fund IV closed on $650m, including a 5% GP commitment, and has already made two platform acquisitions so far.

SVG’s second-largest shareholder says it is ‘supportive of the SVG management’ as the UK private equity investor fends off an unsolicited bid from US rival HarbourVest.

The investment bank has agreed to acquire stakes held in Partners’ 2007-vintage secondaries fund in a deal expected to close by the end of September.

The Italian buyout firm, which this month bought its first UK-based company, JD Classics, says premium classic cars are in high demand in markets like the US, the Gulf and Singapore.

This is the first exit from HgCapital 7; the firm is currently in discussions about raising its eighth fund.

The London-listed private equity investor urged shareholders to take no action on HarbourVest’s £1bn bid, saying the 650p-a-share final offer ‘undervalues the company’.