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.jpg?id=19327353622 "Syntegra set to reap 19x return from Moleskine")
The Europe-focused buyout firm has agreed to sell its remaining 35% stake in Moleskine, completing its final exit from the luxury notebook maker.
A weakening pound in the wake of June’s Brexit vote drove most of the 15 pence-a-share uplift for the AIM-listed company in the six months to 30 June.
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’.
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’.
High prices and lower debt multiples will take their toll on returns, according to research from alternatives manager Partners Group.
.jpg "CalSTRS PE portfolio takes a hit over past year")
The $193.4bn pension fund’s private equity portfolio returns have dropped from nearly 20% two years ago to 2.9% for its most recent fiscal year.
CIO Nico Hansen says he expects the firm to ‘add one or two Brazilian portfolio companies’ in the second half of the year.
The C$287.3bn pension fund also reached a new high for its overall asset value.
The customised accounts represented 8% of its overall PE portfolio, which now sits at $26bn.
The listed German player’s portfolio took a €12m hit due to a drop in stock market prices after the referendum vote.