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European private equity performance showed positive returns across all investment horizons for the period ending 31 December 2012 and moved in a positive trajectory in all but the three-year time horizon, compared to June 2012.
According to the Private Equity Performance Index, one year returns, which are most affected by the current market environment, moved in a positive direction registering a 4.23 percentage point increase from June 2012 for venture capital funds (11.12 per cent), and an 11.6 percentage point increase for buyout funds (16.1 per cent).
Buyout funds saw returns across all investment horizons hold positive. In
Law firm CMS has appointed Matthias Lichtblau as executive director, effective 1 December 2013.
Currently director of business development and communications at CMS Germany, Lichtblau will take over from Matthew Gorman who has held the position since 2007.
In his new role, Lichtblau will work closely with CMS executive chairman Cornelius Brandi and will lead the CMS team based in Frankfurt.
Lichtblau, who is 45, has held his current role since 2007. Previously, he spent seven years at Clifford Chance, starting as a business development manager. Having moved into the European regional management team, he was
Asset managers and investment specialists taking part in a Camradata roundtable believe that environmental, social and governance (ESG) analysis will be fully integrated into investment management by the end of the current decade.
While there were differences of opinion on what the mainstream would look like, there was broad acknowledgement that, currently, not enough time was given to ESG evaluation with many themes of sustainability taking decades to become meaningful.
Roundtable participants suggested that ESG metrics should not only be used for risk analysis but also be deployed to better identify investment opportunities. No longer should responsible investors
Fusion AI Partners has appointed Keith Fenwick as chairman of its advisory board effective 1 June 2013.
Fenwick (pictured) brings over 35 years of experience in the insurance sector including various senior positions within both Marsh and JLT.
"We are delighted to welcome Keith at this time as Fusion AI continues its successful growth strategy across the financial services spectrum. Keith will bring deep industry experience and a senior network to the operating companies within the partnership,” says Laurence Shaw, founding partner, Fusion AI Partners.
"I am thrilled to be joining Fusion AI at this exciting point
Campton Private Equity Advisors, a private equity fund of funds adviser, has appointed James H Grossman as a senior adviser to the firm.
Grossman (pictured) brings significant experience to the Campton team as a venture capital and private equity principal and attorney, a board member of private and public companies and an international arbitrator with experience in commercial and intellectual property matters.
Grossman is a member of the board of directors of several public companies, including UK-based Unicorn Venture Capital Trust. He was the head of the corporate law department at Buchalter, Nemer, Fields & Younger, a Los
Derbyshire-headquartered Forest Holidays, specialists in exclusive rural holiday accommodation, has opened its eighth site location in the UK near Micheldever in Hampshire.
The new site roll-out was completed with support and follow-on funding from private equity provider LDC, which originally invested in Forest Holidays in September 2012, and represents the first new location to be added to the business’ portfolio since LDC’s investment.
Forest Holidays now has 427 cabins set in Forestry Commission estates across the UK, including the Forest of Dean and Sherwood Forest in the Heart of England, Cropton Forest and Keldy in North Yorkshire, Deerpark Forest in Cornwall,
Law firm Dechert’s financial services group has launched a web page that brings together a selection of resources designed to address issues concerning the EU Alternative Investment Fund Managers Directive (AIFMD).
Dechert believes that AIFMD represents the most significant EU regulation of the alternative investment funds industry in recent times, which will impact a wide range of asset managers, not just traditional hedge and private equity managers, whether they are based in the EU or outside.
Dechert’s new AIFM resources include the AIFM Matric, which explains marketing, management and implementation for EU and non-EU AIFMs and the AIFMD Marketing
European private equity firm, Cinven, is to acquire CeramTec from Rockwood Holdings, Inc. (NYSE. ROC) for a total consideration of EUR1.49 billion.
CeramTec is a leading global manufacturer of high performance ceramics for application in medical, automotive, industrial, and electronic end-markets. The Company’s proprietary product portfolio includes hip joint prostheses components, including the Biolox brand; high speed cutting tools; and ballistic ceramics for armour.
In 2012, the Company generated revenues of €425 million. Its main operations are located in Plochingen, Germany and CeramTec employs more than 3,000 people across 18 facilities worldwide.
Building on more than 100 years of innovation,
Private equity (PE) exit numbers dropped in Europe last year to 61 from 2011’s total of 85, according to Myths and challenges – How do private equity investors create value?, Ernst & Young’s annual study of European PE exits.
The report cites a volatile economic climate and low transactions activity as the primary challenges for PE.
However, despite the criticism sometimes levelled at the industry, in aggregate terms PE-owned businesses grew employment by two per cent in 2012. Forty-four per cent of the businesses studied made add-on acquisitions, while only 10 per cent made disposals. Eighty per cent
Eaton Towers, a pan-African tower company, has signed a deal with Telkom Kenya covering its existing portfolio of over 1,000 towers.
The 15-year management and leasing deal is focused on both the maintenance of existing sites and building new sites and extends Eaton Towers’ partnership with the Orange Group following the 2012 deal with Orange Uganda.
Eaton Towers has also completed its third round of equity financing, provided by majority shareholder Capital International Private Equity Fund (CIPEF) and its co-investment limited partners.
Integrated telecommunications services provider Telkom Kenya operates Orange’s mobile and fixed-line telecommunications services in Kenya.
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