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On balance, investors (LPs) expect private equity to win a greater share of balanced investment portfolios over the next 3-5 years (with 42% of LPs expecting an increase and 19% expecting a decrease), according to Coller Capital’s latest Global Private Equity Barometer.
But investors believe that LPs, GPs and governments must all change how they behave towards the industry.
Almost half of LPs think private equity is seen by those outside the industry as a ‘bad thing’ (most of the rest believing it is seen in a neutral light). Encouragingly, about two thirds of investors think the industry’s reputation is
European private equity firm Cinven has reached agreement to acquire a majority stake in Pronet Güvenlik (Pronet), a provider of security electronic alarm systems in Turkey.
Pronet has been acquired from its institutional shareholders including Turkish Private Equity Fund I LP, advised by Turk Ventures Advisory Limited (Turkven), and Dutch Development Bank (FMO). The transaction is subject to regulatory clearances and it is expected to close during summer.
Pronet is the leading electronic security systems company in Turkey, primarily installing and monitoring residential and commercial alarm systems, as well as installing integrated electronic systems. It has more than 130,000
Bain Capital is to acquire a 50 per cent stake in Jupiter Shop Channel Co, Ltd, Japan’s leading TV shopping company, from Sumitomo Corporation.
The agreement signals a significant partnership between a large Japanese company and private equity to realise the full potential of a leading company. Financial terms of the transaction, were not disclosed.
Headquartered in Tokyo, Jupiter Shop Channel was established in 1996 as the first channel in Japan devoted to TV shopping, and today has the leading market share position and the highest sales in the industry. Shop Channel broadcasts live 24 hours a day, 365 days
CAIS has expanded its menu of alternative investment funds and products to include private equity.
Partners Group, a globally recognised leader in private equity, has selected CAIS to help reach the US independent wealth management channel. Through CAIS, advisors will be able to access a global private equity portfolio that includes direct, secondary and primary private equity investments, diversified across multiple industries, geographic regions and vintage years.
The addition of private equity to the CAIS platform further signals the firm’s commitment to meeting the growing alternatives needs of its expanding global client base. CAIS has also recently expanded its menu of
Gerard Lopez, a founding partner of The Genii Group and Mangrove Capital Partners, which was an early investor in Skype, delivered a talk at the St Petersburg International Economic Forum 2012 this week where he presented possible technological advancements that will change the world in the next decade and offered his expertise on how to successfully invest in ‘The Next Big Thing’.
In a presentation to a distinguished audience, Lopez, who is an owner of the Lotus F1TM Team, offered potential solutions on a wide range of subjects; from the issues caused as a result of rapid urbanisation, to
Lower mid market growth investor Lyceum Capital has expanded its team to 24 with the appointments of Mark Swallow as Operations Manager, and Adam Lewis as Investment Executive.
This follows the promotions of Humphrey Baker and Martin Wygas to Investment Director earlier this year, and reflects the firm’s strong deal flow and pipeline of opportunities for platform investments and add on acquisitions.
With 12 years’ experience, Swallow joins from Sage Group plc where he was Head of Finance for Sage Pay. Prior to that he held roles at Discovery Communications Europe, Accord Group and Casio Electronics. At Lyceum, Swallow
North America-based endowments, the fourth largest institutional private equity investor group, have steadily increased their investment in private equity in recent years, new Preqin research reveals.
Such institutions remain committed to private equity investment, with 94% intending to increase or maintain their exposure to private equity in the longer term. Over half (58%) of North America-based endowments expect to make their next private equity commitment before the end of 2012 and a further 10% in 2013.
North American endowments have increased their average allocation to private equity on a year-on-year basis from 8.4% of assets under management in 2007 to
Klöckner Pentaplast has completed a successful recapitalisation and strengthening of its capital structure with the support of its lenders.
Following a cash equity injection of EUR190 million by a group of new investors led by Strategic Value Partners LLC and new debt facilities underwritten and funded by Jefferies & Company, Inc. and its affiliates (“Jefferies”), Klöckner Pentaplast has repaid, in full, the principal amount of EUR800 million of first lien senior secured credit facilities at par plus accrued interest. Following the equity injection, the SVP Investor Group has assumed ownership of the Company.
As part of the transaction, Klöckner
Sophie Rouland has joined mid-market private equity firm Activa Capital as an Investment Director.
Rouland, 39, previously worked for 10 years at Barclays Private Equity France, now Equistone Partners Europe.
Prior to Barclays Private Equity, Rouland worked for three years with PricewaterhouseCoopers in Paris in the audit and transaction services departments. She is a graduate of EM Lyon.
Charles Diehl, Partner of Activa Capital, says: "We are very happy to welcome a new Investment Director at Activa Capital. Sophie will bring her strong experience and sector knowledge to our team of 14 professionals which has considerably grown
The assets under management of Luxembourg-domiciled funds reached a historic high of EUR2,225 billion at the end of April 2012, according to the Association of the Luxembourg Funds Industry (ALFI).
Luxembourg remains the largest European fund centre, followed by France and Germany.
Marc Saluzzi (pictured), Chairman of ALFI, says: “Following a year of political uncertainty which has led to turmoil in financial markets, we believe that this growth in assets under management in Luxembourg marks a return of confidence in investment funds. “
According to ALFI’s 2011 Annual Report, released today, 2011 was characterised by strong caution on
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