PE Tech Report

Articles and Features

UK flag

UK private equity returns 15.7 per cent over last decade

The combined internal rate of return for UK private equity and venture capital was 15.7 per cent in 2013, according to a survey by the British Private Equity and Venture Capital Association (BVCA). By comparison, total pension fund assets produces 7.8 per cent in the same period while the FTSE

London Stock Exchange

Octopus-backed Zoopla Property Group reaches USD1.56bn valuation on flotation

Digital media business Zoopla Property Group (ZPG) has reached a USD1.56 billion (GBP919 million) valuation as it priced its initial public offering ahead of admission to the London Stock Exchange on 23 June. As an early investor in ZPG, Octopus has had a strong relationship with founders Alex Chesterman and

James Cowper advises global microinsurance specialist on investment funding

Thames Valley accountants and business advisory firm James Cowper has advised global microinsurance specialist MicroEnsure on its fundraising. MicroEnsure raised USD10.4m from its existing investors, as well as from Sanlam Emerging Markets and AXA, to help finance its expansion into new markets.   Following an 88 per cent increase in

Picture of gas distribution pipework

First Reserve closes second energy infrastructure fund

First Reserve has closed its second energy infrastructure fund, First Reserve Energy Infrastructure Fund II, at USD2.5 billion, surpassing its initial target of USD2 billion. First Reserve now has over USD4 billion dedicated to investing in energy infrastructure opportunities.   The firm received support from a diversified base of limited

Pylons

Standard Bank completes first ABB transaction on USE and NSE for UK-based Actis

Stanbic Bank Uganda and CfC Stanbic Kenya, subsidiaries of Standard Bank Group, have completed the first ever Accelerated Bookbuild (ABB) on the Uganda Securities Exchange (USE) and Nairobi Securities Exchange (NSE) followed by an offer to management and retail investors. Stanbic advised Actis, a UK-based private equity firm, on the

Nigerian economy leads frontier market opportunities

Companies such as Guaranty Trust Bank, Zenith Bank and Nigerian Breweries have put Nigeria at the forefront of frontier market opportunities, according to Baring Asset Management.  Africa’s largest economy, Nigeria, recently rebased its GDP upwards to USD500 billion for 2013, ranking the country as the 26th largest economy in the

Permira closes Permira V at EUR5.3bn

Private equity firm Permira has held the final close of its global private equity fund, Permira V, at the hard cap of EUR5.3 billion (USD7.2 billion). The new fund will follow Permira's long-term investment strategy of identifying market-leading businesses that benefit from structural growth drivers and have significant potential to

Money and calculator

Varagon Capital Partners targets middle market borrowers

Varagon Capital Partners, a new asset manager focused on direct lending to middle market companies, is aiming to provide tailored investment services that meet the needs of sophisticated institutions. Varagon is an independent firm, backed by American International Group and by certain partners and affiliates of Oak Hill Capital Management,

Infrastructure

King & Wood Mallesons SJ Berwin advises Antin on formation of second fund

King & Wood Mallesons SJ Berwin advised Antin Infrastructure Partners on the structuring of its second fund, Antin Infrastructure Partners II. The fundraising was completed in less than a year and exceeded the initial target of EUR1.5 billion, reaching its hard cap of EUR2 billion.   The fund, Antin Infrastructure Partners

Two fingers

Sycamore Partners closes second fund at USD2.5bn

Sycamore Partners has closed its second fund, Sycamore Partners II, with limited partner commitments of USD2.5 billion. Sycamore Partners' first fund, Sycamore Partners LP, closed in 2012 with limited partner commitments of USD1 billion.   With the closing of its second fund, Sycamore Partners now has in excess of USD3.5

Events

12 September, 2024 – 6:00 pm

Directory Listings