Yolanda Bobeldijk

Intermediate Capital Group has closed its new fund three months ahead of schedule, having increased its investor base in the US and Asia Pacific.

The Jon Moulton-led firm and National Pensions Reserve Fund of Ireland have earmarked €100m for Irish turnarounds.

The UK-based group is to buy Cerved, which was carved out from a group of Italian banks by Bain Capital and Clessidra in December 2008.

The London-based law firm has restructured its private equity team following the departure of two senior executives. James Grimwood has been appointed as head of the PE sector team.

As the exit market continues to be challenging, dividend recaps remain a tempting exit option for private equity firms. Loan volume for dividend recaps is now the highest since 2007, according to research.

Oxford University Endowment Management CIO Sandra Robertson told delegates at the BVCA Summit in London that private equity returns have been 'disappointing'.

The Boston-based firm is poised to make its first Spanish investment, after agreeing to acquire call centre business Atento for more than €1bn.

HIG Capital has invested €16m in a Spanish provider of audiovisual services. The investment comes after rating agency S&P downgraded Spain's credit rating to BBB-.

European deal volume and value continue to slow amid ongoing volatility in the region, according to Q3 CMBOR data.

The withdrawal of traditional debt providers is a challenge for the industry – but it’s an opportunity for credit funds, writes Yolanda Bobeldijk