HarbourVest Global Private Equity posts largest annual NAV increase since launch
HarbourVest Global Private Equity (HVPE) has announced its annual results for the year ended 31 January 2021, during which it has provided NAV per share increase of 30.4% over the financial year – the largest 12-month increase in HVPE’s 13-year history. It says that this compares against a return of 17.4% for its FTSE All-World […]
Dechert appoints PE partner in Germany
Global law firm Dechert is growing its global private equity practice with the addition of Dominik Stühler as a corporate and securities partner in the firm’s Munich office. Stühler will focus his practice on national and cross-border private equity deals and mergers and acquisitions. Some of Stühler’s high-profile mandates include advising Hg on the sale […]
Davy shareholders divided on merits of private equity takeover
Shareholders at troubled stockbroker Davy are reported to be divided over the sale of the business. The Sunday Business Post says shareholders still working with the group oppose any sale to private equity as they fear it may lead to the break-up of the business. Xavier Neil, the French billionaire part-owner of Eir, received €150 million […]
Kirkland taps Baker Botts private equity co-head for new Austin office
One month after launching in Austin, Kirkland & Ellis is expanding its private equity offerings there with the addition of a senior dealmaker from Baker Botts. John Kaercher is joining Kirkland as a partner after serving as a co-chair of Baker Botts’ private equity pillar, his new firm announced Thursday. In addition to advising a […]
Bundesliga clubs to vote on €500m private equity bidders
The German Football League’s (DFL) raising of €500 million from venture capital markets will move into the next phase on Wednesday when club vote on plans that effectively move second round bidders into a final negotiation for a stake in the Bundesliga’s overseas rights. In March DFL boss Christian Seifert confirmed that the league is […]
Private equity barons rush to snap up British firms ‘on the cheap’
Ask any top City investment banker or lawyer who works on blockbuster deals for private equity firms how busy they are and they will probably tell you the same thing: business is booming. “It’s incredible,” one lawyer said. “It is the busiest period we’ve seen in probably the last 20 years.” There have been £1 […]
Private-equity backed Atlantic Nickel hires banks to explore options
Atlantic Nickel, a Brazilian miner backed by London private equity mining fund Appian Capital Advisory has hired investment banks to explore sale options, capitalising on the increasing demand for metals used in electric batteries, four sources said. Its sale process with Citi and Standard Chartered is the most advanced, with potential buyers currently working on […]
Kirkland & Ellis appoints partner in London
Kirkland & Ellis has appointed Gregory Scott as a partner in the Corporate Practice Group in the firm’s London office. Scott advises private equity houses and other financial sponsor clients on all types of M&A transactions including leveraged buy-outs, carve-outs, mergers and exits across a variety of business sectors. Scott will join Kirkland from the […]
The Biggest Firms In Private Equity Are Clubbing Up Once Again
In 2004, more than 40% of all buyouts in the U.S. (excluding add-ons) were club deals—transactions where two or more firms team up to buy a company. By 2018, that figure had fallen to 20%, according to PitchBook data. More recently, though, there has been chatter that club deals could be on the verge of […]
Fieldfisher hires new Head of Funds
Private funds specialist, Dale Gabbert has joined European law firm Fieldfisher as Head of Funds. He joins from Simmons & Simmons where he was a funds partner since 2014, specialising in private equity, infrastructure, credit and hedge funds. Gabbert represents a diverse range of sponsors, from boutiques to banks, on fund establishment and advises sophisticated […]
