Fresh from raising nearly €1bn for its eighth mid-cap fund, the French private equity firm is aligning itself to take advantage of market dislocation. It is also raising its third small-cap fund.
The mega-firm acquired Masonite in 2005 in a deal valued at C$3.1bn, using about $429m in equity. Masonite’s fortunes began to turn last year as the US housing market declined.
The European venture firm collected commitments from LPs in just three months for its latest early stage fund. It is the same size as its 2007 predecessor, which has been nearly fully deployed alongside a growth capital fund.
CVC, Hellman & Friedman, Welsh Carson, Advent and Actis are among the winners in the Private Equity International Awards 2008. Transactions that were honoured include BC Partners’ purchase of Turkish retailer Migros, TPG’s and Goldman’s $28bn Alltel exit and Advantage’s buyout of Tokyo Star Bank.
Creditors of Autodistribution, the debt-laden French car part distributor, have agreed to write down its debts in exchange for a €110m cash injection by private equity firms Towerbrook and InvestCorp.
Allied’s audit firm expressed ‘substantial doubt’ about the ability of the firm to continue as a going concern.
CVC, Hellman & Friedman, Welsh Carson, Advent and Actis are among the industry veterans to have won awards in the highly regarded Private Equity International Awards 2008.
An otherwise flagging 2008 fundraising market was invigorated by high demand for Asian funds, according to proprietary data from PERE. PERE Magazine March 2009 issue
As investor sentiment continues to wane, GPs including Singapore's Pacific Star attempt to entice them with alternative high return investment vehicles. PERE Magazine March 2009 issue.
More than 10,000 votes were cast for the third annual PERE Awards and here – over the next dozen pages – we present the winners and runners-up of the global awards. By Robin Marriott, Jonathan Brasse and Zoe Hughes. PERE March 2009