MVision - Private Equity Advisers

Doc	Date	Description
PDF	JUN 08	Waterland announces close on € 800 million for its fourth mid-market fund Waterland Private Equity Investments announced the closing of Waterland Private Equity Fund IV . The new fund has closed at the fund’s hard cap of € 800 million three months after launch. The interest from both existing and new investors was strong and the new fund was significantly oversubscribed.	Read full article
PDF	JUN 08	Financier Worldwide Roundtable: Private Equity Outlook Times have certainly changed in the private equity industry. Twelve months ago financial sponsors were riding a boom, closing mega deal after mega deal. Today they are reducing the size of their deals, injecting more equity to help bridge the credit shortfall and diversifying their investment strategies. So how will general partners adapt to these new conditions and continue to generate attractive returns for their limited partners?	Read full article
PDF	MAY 08	Capital International Private Equity Funds closes $ 2.25 billion global emerging markets fund Capital International Private Equity Funds, the dedicated global emerging markets private equity business of Capital International, Inc., announced the final close of Capital International Private Equity Fund V, totalling $2.25 billion. CIPEF V is the largest global emerging markets private equity fund closed this year.	Read full article
PDF	MAR 08	Renaissance Group raises USD 660 million for its first Russia / CIS private equity fund Renaissance Group, the specialist in creating value in high-opportunity emerging markets, is pleased to announce that it has received commitments of USD 660 million for its first private equity fund, Renaissance Private Equity Fund I, L.P.P., to pursue control and significant influence investments in Russia and the Former Soviet Union.	Read full article
PDF	FEB 08	HitecVision hard caps new fund at USD 800 million following heavy oversubscription HitecVision announced today that it has received commitments of USD 800 million for its new fund HitecVision V, exceeding the original USD 600 million target. Following strong support from existing investors and significant interest from new international investors the fund was heavily oversubscribed.	Read full article
PDF	FEB 08	Capvis announces Final Closing on Over-Subscribed Fund Capvis Equity III Capvis, the leading mid-market buyout firm in Switzerland, is pleased to announce the final closing of Capvis Equity III L.P. on € 600 million (about CHF 1 billion) of commitments, considerably exceeding its original target of € 500 million.	Read full article
PDF	FEB 08	Investindustrial closes its fourth buyout fund Investindustrial, the Southern European mid-market buyout group, has closed its fourth Southern European buyout fund, Investindustrial IV LP at the hard cap of €1 billion, exceeding its original €800 million target within 3 months of launching.	Read full article
PDF	JAN 08	Financier Worldwide: Private Equity Outlook 2008 Private Equity Outlook 2008. By Stephan Grillmaier, MVision.	Read full article
PDF	JAN 08	South Africa: Beyond preconceptions Despite its improving reputations, South African private equity continues to be underestimated by local and international LPs.	Read full article

View

Doc	Date	Description
PDF	NOV 07	Africa, leader of the pack In 2006 South Africa chalked up several private equity-related firsts. “Local funds in South Africa have ZAR56.2bn (US$8.6bn at current exchange rates) under management and raised ZAR11.2bn (US$1.7bn) last year	Read full article
PDF	NOV 07	Unquote Intelligence: Fundraising report Last year’s flirtation with listed funds by the private equity market will prove more than just a flash in the pan.	Read full article
PDF	OCT 07	Segulah announces first and only institutional close on SEK 5 billion Fund more than five times oversubscribed seven weeks following the issue of its Private Placement Memorandum. 100% of existing investors re-invested.	Read full article
PDF	OCT 07	Mid Europa Partners announces final close of the largest Central European buyout fund at €1.5 billion. Mid Europa Partners, the largest private equity firm focused on buyouts in Central Europe, announced today the successful closing of its third fund, Mid Europa Fund III LP with capital commitments of €1.5 billion.	Read full article
PDF	OCT 07	Private Equity Internation Asia: Mirror, mirror As more capital flows in to the region, Asian private equity firms are rapidly coming up the learning curve in fund administration, but finding experienced administrators is a challenge.	Read full article
PDF	OCT 07	Emerging Private Equity: Country, regional or global funds? Is there a right or wrong approach to gaining exposure to private equity’s emerging markets?	Read full article
PDF	SEP 07	Financier Worldwide: The highs and lows of private equity Over the last 18 months the volume of buyouts has broken records. In 2006, buyouts reached $737.4bn globally, more than double the previous high of $352.3bn in 2005, according to Dealogic.	Read full article
PDF	JUL 07	APAX Partners publishes global equity environment rankings Apax Partners, a leading global buyout firm, today published the 2007 global private equity environment rankings, under the title: 'Private Equity in the Public Eye'.	Read full article
PDF	JUN 07	EQT Expansion Capital holds final closing at EUR 475 million EQT Expansion Capital II, the leading Northern European mezzanine fund, today announced that it has received commitments of EUR 475 million, significantly exceeding its original target of EUR 350 million.	Read full article
PDF	JUN 07	Global movers Our selection of the most influential people operating in private equity today brings together diverse strategies, geographies and personalities. The common denominator is their ability to shape events around them, adding their own sizeable footprints to the forward march of the asset class.	Read full article
PDF	MAY 07	Orlando Italy announces final close at €180 million Orlando Italy, the Milan based private equity firm focused on Special Situations investments in Italy, announced the final closing of Orlando Italy Special Situations (“Orlando Italy”). The Fund received total capital commitments of €180 million, exceeding the initial target of €150 million.	Read full article
PDF	MAY 07	Private versus public equity: which creates more value? The public face of private equity has taken quite a bashing recently. As teh industry's growing financial clout continues to afford...	Read full article
PDF	APR 07	PRIVATE EQUITY NEWS: Hedge funds outpace buyout firms in fundraising stakes The private equity industry may have attracted record levels of investment from institutional investors in the past few years, but the growth of assets under the management of hedge funds has far outstripped its expansion.	Read full article
PDF	APR 07	IFR Buyout Europe: Making the list As Blackstone and other big buyout firms consider listing their management companies, Robert Venes looks at 3i, one of Europe's longest-listed private equity PLCs.	Read full article
PDF	APR 07	Unquote: Taking the plunge As LP allocations to alternative assets continue to rise, it is no surprise that some GPs, entrepreneurial by nature, are tempted to set up their own shop. But the road to independence is long and arduous, both in venture and buyout.	Read full article
PDF	MAR 07	DOW JONES: Between The US And The Far East Lies Untapped Opportunity We're thinking of a region of the world. Here are some clues: Annual GDP growth is expected to beat 5% for the foreseeable future, well ahead of growth in more developed nations.	Read full article
PDF	MAR 07	Nordic Private Equity News: EQT fundraising bonanza set The big daddy of the buyout market has raised a suitably mammoth fund, but other hopefuls should not be frozen out of the action.	Read full article
PDF	FEB 07	Abingworth raises Europe’s largest ever life sciences venture fund ABV V closes on £300 million.	Read full article
PDF	FEB 07	IR function boosts return-happy LPs GP complacency in the current climate of LP-eagerness is a risk and one Mounir Guen of MVision believes can be deflected by ensuring a firm has an effective IR function in place.	Read full article
PDF	JAN 07	Brait announces the close of Africa's largest private equity fund, the R6.1 billion Brait Fund IV Brait, one of the most experienced private equity investors in South Africa, today announced the launch of Africa’s largest private equity fund to date, the R6.1 billion (US$ 880 million) Brait Fund IV.	Read full article
PDF	JAN 07	Real Deals: Placement Agents Feature Placement agents can provide a better view of the fundraising market than someone who only goes out, say, every few years. “An in-house person will really only get to see the market every three years and it’s like starting afresh every time,” says Mounir Guen, chief executive of MVision.	Read full article
PDF	JAN 07	Monomoy Capital Partners announces its final close on $280m Monomoy Capital Partners is pleased to announce the final close of its first fund on $280 million USD, exceeding its original target of $200 million.	Read full article
PDF	JAN 07	PEE: Fundraising outlook for 2007 The year ahead is set to be busy, by Mounir Guen, chief executive, MVision	Read full article

Doc	Date	Description
PDF	DEC 06	EQT V hard caps fund at €4.25bn EQT, a Northern European private equity group, has closed its latest fund EQT V on €4.25 billion ($5.5 billion) turning away commitments of almost €2 billion.	Read full article
PDF	DEC 06	Mercapital caps oversubscribed buyout fund at EUR 550 million Mercapital has received commitments of EUR 550 million for Mercapital Spanish Buyout Fund III, above the original target of EUR 500 million.	Read full article
PDF	DEC 06	EQT Greater China II closes on USD 545 million EQT, a leading private equity group with operations in Greater China and Northern Europe, is pleased to announce that it has received commitments of USD 545 million for the EQT Greater China II fund ("EQT Greater China II" or the "Fund"), a fund focussed primarily on mid-market buyout and control investments based in or connected with China, Hong Kong and Taiwan ("Greater China").	Read full article
PDF	NOV 06	Orlando Private Equity closes its second fund at €255 million Orlando Management GmbH, the leading private equity investment advisor in Special Situations in the German middle market, today announced the closing of Special Situations Venture Partners II (“SSVP II”). The fund received collective commitments of €255 million.	Read full article
PDF	NOV 06	The Stresses of Oversubscription When demand for a fund becomes intense, placement agents have it easy don’t they? Think again. Jennifer Cho Rinehart of MVision reflects on the many and various pressures generated by a popular offering.	Read full article
PDF	OCT 06	Orlando Real Estate announces final close at €205m for its first fund Orlando Real Estate GmbH, the Munich based private equity firm focused on Special Situations real estate investments in Germany and the German-speaking countries in Europe, today announced the final closing of Special Situations Realty Partners I (“SSRP I”). The fund, launched in February 2006, has closed on committed capital of €205 million, exceeding the initial target of €150 million. The interest from investors was substantially above the hard cap.	Read full article
PDF	SEP 06	Life at the top A healthy appetite for European private equity has meant many GPs are now calling the shots. This is unlikely to last.	Read full article
PDF	JUL 06	Successful Final Close for Chequers Capital XV at €600 million hard cap Chequers Capital announced the final closing of Chequers Capital XV on €600m.	Read full article
PDF	JUN 06	PE Asia: Fundraising. The macro factor MVision’s Guen, who is currently in the market with an Asia-focused buyout fund, EQT Greater China, says he has noticed a keen interest among limited partners in understanding the macroeconomic landscape of China and India, where country risk is perceived to be higher. “It’s the first question they ask,” says Guen.	Read full article
PDF	JUN 06	LP/GP communications: The eight channel model The balance of power between LPs and GPs has traditionally been finely poised. The supply of capital from LPs has increased, while buyout houses across the market have continued to raise ever larger vehicles. Since access to the best performing funds can still be an issue for some LPs the market has been characterised by a shift in power in favour towards the best performing GPs.	Read full article
PDF	MAY 06	Waterland announces final close on €400 million for its third mid-market fund Waterland Private Equity Investments, the private equity firm specialising in controlling investments in quality companies in fragmented growth markets to finance organic and acquisitive growth, today announced the final closing of Waterland Private Equity Fund III (“WPEF III”). The new fund, launched in November 2005, has closed on €400 million.	Read full article
PDF	MAY 06	Focus Ventures Closes Oversubscribed Third Fund at $250m Focus Ventures, LP - Silicon Valley's leading late stage investor in information technology - has announced the close of its third fund at its hard cap of $250m, having received significant interest in excess of this amount.	Read full article
PDF	MAR 06	PEI Braving the waves Mounir Guen had a busy year last year, with his team at London-based placement specialist MVision helping to close new funds for French venture specialist Sofinnova Partners, German technology specialist Wellington Partners, Investindustrial in Italy, CHAMP Private Equity in Australia, and EQT in the Nordic market...	Read full article
PDF	JAN 06	PEI Annual Review: Peak Time Throughout 2005, private equity fundraising activity was as intense as it has ever been. Can - and should - last year’s pace be sustained?...	Read full article
PDF	JAN 06	EVCJ: Renewed interest in Euro venture In October the French Technology Fund-of-funds (FTF) was launched with €150m and a couple of months earlier Germany's Wellington Partners reached final close on its third fund, raising €150m compared with its original target of €120m.	Read full article
PDF	JAN 06	EVCJ: German venture looks to the future The years of consolidation, of poor deal flow and weak exit markets are over, according to German VCs. Now the LPs just have to realise it. Tom Allchrome reports on how Germany is trying to pull itself out of doldrums.	Read full article

View

Doc	Date	Description
PDF	DEC 05	Mid Europa raises €650m for Central Europe The firm formerly known as EMP Europe has closed the largest private equity fund aimed at Central and Eastern Europe to date.	Read full article
PDF	DEC 05	EQT Opportunity Fund closes at EUR 350 million EQT, the Northern European private equity group, announced the close of the EQT Opportunity Fund with commitments of approximately EUR 350 million. While EQT has received significant additional interest, the fund was capped at EUR 350 million, exceeding the initial target by EUR 100 million. The fundraising was officially launched in October.	Read full article
PDF	DEC 05	PEI: Waking giants China versus India – where should investors place their bets? Andy Thomson explores the key characteristics of two markets demanding everyone’s attention.	Read full article
PDF	NOV 05	EVCJ: Feature: Placement Agents Time was when all you needed to be a placement agent was a bulging book of contacts, good organisational skills, a taste for travel and great sales patter. And you could make a pretty good living out of it, too. There are probably a few in the industry who wish life was still that simple. But, as private equity has professionalised and matured over the years, so placement agents have had to do the same.	Read full article
PDF	NOV 05	PEI: IR imperatives Because an up-to-scratch investor relations programme is no longer just optional for private equity firms, general partners are working hard to improve reporting systems and communication channels. One key message from limited partners back to managers is this: do professionalise, but keep it personal when dealing with clients.	Read full article
PDF	NOV 05	EVCJ: In the club Club buyout deals are becoming increasingly common, as private equity house band together to purchase larger companies. But these deals do not always go smoothly and there are some concerns about what happens when houses fail to agree on strategy or exit timing and about the impact on LPs' investment diversification.	Read full article
PDF	OCT 05	PEI: Growth in the east Private equity investing in Central and Eastern Europe continues to mature, helped by deeper pools of leveraged finance, a more uniform regulatory environment and a string of successful realisations. As more international investors discover the region, Aaron Lovell examines the drivers of CEE private equity one year after EU accession.	Read full article
PDF	OCT 05	Investindustrial closes its third buyout fund at hard cap of €500 million Investindustrial, the Southern European mid-market buyout group, has closed its third Southern European buyout fund, Investindustrial III at a hard cap of €500 million, exceeding its original €440 million target. Investindustrial III has attracted a number of major new investors as well as strong support from existing relationships with more than €1bn of interest.	Read full article
PDF	SEPT 05	PEI: No-Nos in your PPM MVision’s Paula Chester points to ten things in private placement memoranda that will keep investors from reaching for their guns.	Read full article
PDF	SEPT 05	EVCJ: German Venture: Not all bad There seems to be some light at the end of the tunnel when it comes to European venture. Munich-based Wellington Partners has reached a final close on Wellington Partners III Technology Fund at €150m, exceeding its original target of €120m	Read full article
PDF	AUG 05	Castle Harlan Australian affiliate closes on A$950 million for CHAMP II funds Castle Harlan, Inc., the New York private equity investment firm, announced today that it and CHAMP Private Equity, its Australian affiliate, had raised two new investment funds with aggregate commitments of A$950 million (US$730 million), making the CHAMP II Funds substantially larger than any other independent private-equity funds managed in Australasia...	Read full article
PDF	JULY 05	Wellington Partners closes new €150 million venture capital fund Official Wellington Partners' press release for the closing of "Wellington Partners III Technology Fund". German version here.	Read full article
PDF	JUNE 05	Butler Capital Partners Announces a Single Close Fund oversubscribed and capped at €320 million.	Read full article
PDF	JUNE 05	EVCA: The Symposium Journal 2005 The fundamentals of private equity fundraising.	Read full article
PDF	JUNE 05	EVCJ: Euro venture heads west With Euro venture funds having a job getting themselves noticed by LPs in the current fund raising rounds, some think the answer is to set up an office in the US...	Read full article
PDF	MARCH 05	EVCJ: The dash for cash With so many large and upper mid-market European funds embarking on the fund raising trail this year, investors look set to be spoilt for choice about where to commit their buyout allocations. But will they get into the funds they want?	Read full article
PDF	MARCH 05	Financier Worldwide: The fundamentals of private equity fundraising The fundamentals of private equity fundraising.	Read full article
PDF	MARCH 05	eFinancialNews: Freedom of information concerns may be overblown The reality is that the impact of the new legislation in the UK is unlikely to be as far-reaching as was orginally feared, writes Brian Bollen.	Read full article
PDF	MARCH 05	PEI Mounir	Read full article
PDF	FEB 05	WIRTSCHAFTSWOCHE: Großes Gedrängel Viele Fonds brauchen in diesem Jahr frisches Geld von ihren Investoren. Für manche wird es eng.	Read full article
PDF	FEB 05	La Tribune: Le capital-investissement pourrait lever près de 250 milliards de dollars en 2005 Pourtant les chiffres de Private Equity Intelligence laissent sceptiques nombre de professionnels. Comme l’assure Mounir Guen, directeur général de l’agent de placement MVision, "2005 ne va pas reproduire l’époque 1999-2000 où les investisseurs ont considérablement augmenté la part qu’ils allouaient au private equity et où les fonds doublaient ou triplaient de taille".	Read full article
PDF	FEB 05	February 2005: Sofinnova Partners Closes Fifth Fund at €385m Official Sofinnova Partners' press release for the closing of "Sofinnova Capital V".	Read full article
PDF	FEB 05	Sofinnova V capped at €385m Sofinnova Partners, the start-up and early-stage venture investor backing life science and IT companies across Europe, has closed a fully subscribed new venture capital fund, Sofinnova Capital V, at €385 million ($500 million). MVision Private Equity Advisers acted as placement agent for the firm.	Read full article
PDF	JAN 05	Real Deals: The New Road Placement agents are now established parts of the fundraising street furniture. But some of the most successful funds go it alone. It can be a long, long road. Do these advisers smooth the way?	Read full article
PDF	JAN 05	Financier Worldwide: The changing face of private investments ..."In certain markets, like the US, there is a lot of undeployed capital in the hands of general partners. In Europe there is not the same volume - but there are plenty of US buyout firms looking to invest in Europe," says Mounir Guen, founder and CEO of MVision Private Equity Advisers. "With Central and Eastern European companies converging into the wider European platform, it is going to create added opportunities. It is similar to what we saw a number of years ago in Spain, Italy and Greece," says Mr Guen.	Read full article
PDF	JAN 05	eFinancialNews: Funds face shortfall despite cash Guen said: "Up to 80% will be increasing commitments to existing relationships. But this year there is going to be double the number of funds looking for money. It will be hard to increase the amount, let alone keep anything over to experiment"...	Read full article
PDF	JAN 05	eFinancialNews: Fundraisers set for record breaking year Mounir Guen, chief executive of MVision, a private equity adviser, said: "2005 will be a record-breaker for fundraising, but not because funds are doubling in size; rather the market will be congested by the number of funds coming in at once."	Read full article

View

Doc	Date	Description
PDF	DEC 04	Financier Worldwide: Too close for comfort Moose Guen says: "For some the strategy is just to wait your turn when it comes to winning mandates in the next year. If you go for one and you don't get it, you wait for another one. In our model we only go after number one and if we don't get it we don't go for number two or three."	Read full article
PDF	NOV 04	EVCJ: Competition? What competition? Because they have revenue targets to meet, the investment banks try to do as many deals as they can and this is what leads to fee-cutting. Fund raising can be a long-term business, and the large banks don't work on this sort of basis when calculating profits. Mounir Guen, CEO of MVision, says: "The revenue earned on funds raising now is generally lower than it was five years ago. Also, the fee is spread over time so it can take two or three years to break even and this is difficult in an environment where banks expect to be up 10%-15% year-on-year in revenue"...	Read full article
PDF	NOV 04	PEl: 'Equity, my precious' Private equity and The Lord of the Rings may seem worlds apart to most of us. A journey along the fundraising trail can be every bit as tough as travelling from The Shire to Mordor and back again... Conni Jonsson is one of Europe's most powerful investment wizards. Backed by the mighty Wallenberg clan, he has turned EQT into a major force in the buyout market. When Jonsson prepares for a new fundraising adventure, he calls Mounir Guen,aka Moose, the intrepid London-based fund placement pro who knows the treacherous ways through the swamps of institutional Middle-earth like the back of his hand. MVision, Moose's burgeoning enterprise that helped raise EQT's latest fund...	Read full article
PDF	OCT 04	Initiative Europe: Tough times: Fundraising 2004 Mounir Guen explains that LPs have always had desire to gain exposure to the cycle and the bulge bracket has consistently provided the opportunity to do this...	Read full article
PDF	OCT 04	Private Equity International: Northern Lights ...Segulah really has joined the ranks of elite funds that can pick and choose their investors. The fund is heavily oversubscribed... In the last two months alone, LBO specialist EQT raised €2.5 billion in just six months for its fourth fund...	Read full article
PDF	OCT 04	Private Equity Europe: Is All Capital Good Capital? ...Mounir Guen of MVision Private Equity agrees with Barber: 'The importance of constructing a well diversified investor base is aimed at ensuring the long-term sustainability of a GP. One should aim for investors that are establishing new programmes, which means that - if anything - they will have more capital available when the next fund comes to market.'...	Read full article
PDF	OCT 04	Segulah announces first and final close on €250 million for its third Nordic mid-market fund Fund more than four times oversubscribed in less than two months.	Read full article
PDF	SEPT 04	EVCJ: Is it possible to benchmark private equity performance? ...Mounir Guen of placement agent MVision explains: "When using market comparables your nightmare comes in regard to the unrealised portfolio. When public markets were soaring, it was felt by investors that there was a lot of hidden value in private equity holdings. And when the market does an extreme tank, but you are holding everything at cost, 'is it worth that or did you buy things when they were too expensive?'," he asks.	Read full article
PDF	SEPT 04	Real Deals: Hunting for funds General partners can't just depend on existing investors to fill their next fund, says Mounir Guen of MVision. But as the big firms go on the road, new money is up for grabs.	Read full article
PDF	SEPT 04	EVCJ: Competition? What competition ...Mounir Guen, CEO of MVision, says: "The revenue earned on funds raising now is generally lower than it was five years ago. Also, the fee is spread over time so it can take two or three years to break even and this is difficult in an environment where banks expect to be up 10%-15% year-on-year in revenue."...	Read full article
PDF	AUG 04	The Deal: EQT sprints to $3bn fund closing Swedish private equity firm EQT Partners AB said Wednesday, Aug. 4, it made a final closing of its new EQT IV fund at €2.5 billion ($3 billion), exceeding its original €2 billion target just six months after launching the fund in January with the help of placement agents MVision Private Equity Advisers	Read full article
PDF	AUG 04	EQT IV holds final closing at EUR 2.5 billion EQT, the Northern European private equity group, has during the summer had a final closing of EQT IV (the "Fund") at EUR 2.5 billion (approximately USD 3.0 billion), exceeding its original EUR 2.0 billion target in just six months after the launch of the fundraising in January 2004. Notwithstanding strong support from existing and new investors, EQT had decided from the outset to hard cap the Fund at EUR 2.5 billion.	Read full article
PDF	AUG 04	Bloomberg: Exponent Raises 400 Million Pounds for U.K. Buyouts ..."New groups usually have a hunger and dynamism," said Mounir Guen, chief executive of MVision Private Equity Advisers Ltd., which helps buyout firms raise funds. "That forces older players to work harder to stay at the cutting edge."...	Read full article
PDF	JULY 04	eFinancialNews: French team breaks from Legal and General Ventures Christophe Fercocq and Hervé Franc, the French investment team of Legal and General Ventures, are separating from the insurance group to form Cobalt Capital with plans to raise a €200m ($246m) mid-market fund.	Read full article
PDF	JUNE 04	Friedman Fleischer & Lowe closes Fund II at US$750m "FFL" is pleased to announce that it held a final closing in June on its second fund, Friedman Fleischer & Lowe Capital Partners II, L.P. ("Fund II"), with US$750 million of commitments from limited partners.	Read full article
PDF	JUNE 04	LGV announce successful closing of new fund Legal and General Ventures ("LGV"), the private equity arm of Legal & General Group Plc, has closed its fourth private equity fund (LGV 4) since the appointment of Adrian Johnson as CEO in July 2000	Read full article
PDF	JUNE 04	Financier Worldwide: A tough balancing act More sophisticated investors are creating a highly selective and demanding fundraising market.	Read full article
PDF	JUNE 04	Friedman Fleischer & Lowe closes Fund II at US$750m "FFL" is pleased to announce that it held a final closing in June on its second fund, Friedman Fleischer & Lowe Capital Partners II, L.P. ("Fund II"), with US$750 million of commitments from limited partners.	Read full article
PDF	MAY 04	EVCJ : When does a fund raising go stale? European fund raising in 2003 continued its path of decline recording 37 final closes worth a combined €17.6bn compared with 72 fund closings worth €29.3bn in 2002, according to Almeida Research. This year has seen fund raising momentum pick up, but the increasing number of big names on the market struggling to meet their target begs the question, 'When is a fund past its sell-by date and how can you prevent a fund raising going stale?'	Read full article
PDF	MARCH 04	EVCJ : Grappling the Fund Management Problem Many European institutional investors arrived on the private equity scene alongside an explosion of fund raising activity globally... Finding firms to invest capital with was not a problem for institutional investors... what they are now grappling with is how to effectively manage these programmes that they jumped into with such gusto.	Read full article
PDF	MARCH 04	Waterland announces final closing on WPEF II Waterland Private Equity Investments has held a final closing on Waterland Private Equity Fund II ("WPEF II") with commitments of €170 million from such prominent investors as ATP Private Equity Partners I K/S, Delta Lloyd Private Equity B.V., Horsley Bridge International and JP Morgan Fleming Asset Management.	Read full article
PDF	MARCH 04	PEI: The Best and Worst of Times It was the best of times, it was the worst of times: a small elite enjoying speedy, heavily over-subscribed campaigns, the remainder scatching around for the crumbs, while a few unfortunate others go to the wall. 2003 was the year when private equity fundraising became polarised.	Read full article
PDF	FEB 04	Mezza-Need: A Vital Deal Component Mezzanine finance has grown from just another subordinated bridging strip to become an essential element in deal structures.	Read full article

View

Doc	Date	Description
PDF	OCT 03	Placement Agents market update A depressed fund raising market has led to changes among players in the placement agent industry. The withdrawl of some placement groups has opened up opportunities for others, including new entrants. As the investment banks that offer the service thin out the boutique model appears to be in ascension. Louise Cowley, EVCJ reports.	Read full article
PDF	OCT 03	Choosing a placement agent Life is difficult enough for private equity and venture capital firms looking to fund raise, but changes at the banks and boutiques that place those funds could complicate things before the fund raising process has even started. The fund placing business is evolving. Some players are expanding their services or forming new alliances, others have dropped out of the market and new ones are springing up in unexpected places. For general partners, the choice has never been so diverse. Louise Cowley, EVCJ reports.	Read full article
PDF	AUG 03	Chester Joins Mvision Paula Chester joins placement agent Mvision	Read full article
PDF	JULY 03	Middle Eastern Equity Private equity in the Middle East represents a compelling opportunity, but educating business owners, local and Western investors about this opportunity has been difficult. A small handful of Middle Eastern private equity firms are stepping up the effort in anticipation of major growth.	Read full article
PDF	JULY 03	Placement Power It's a truism that raising a private equity fund is much harder than it used to be for many firms - although a much smaller group of "halo funds" are now succeeding in attracting more commitments than they themselves had planned. And evermore embedded in the fundraising process is the placement agent. Here's why.	Read full article
PDF	JULY 03	Abingworth announces $350 million biotech fund London, UK, 31st July 2003 - Abingworth Management, the international life sciences venture capital group, today announced the closing of Abingworth Bioventures IV LP (ABV IV), its sixth life science venture fund. The fund closed on $325 million within the last week and expects to close shortly on a further $25 million pending minor legal formalities with two additional investors.	Read full article
PDF	JUNE 03	Capvis announces Final Closing on Over-Subscribed Fund Capvis Equity Partners ("Capvis"), the leading Swiss mid-market buyout firm, is pleased to announce the final closing of Capvis Equity II LP ("Capvis II") on €340 million of commitments, considerably exceeding its original target of €300 million.	Read full article
PDF	MAY 03	Technology: stick with it or stay away? Andrew Sheehy asks what European LPs are making of the whirlwhind reshaping the technology industry.	Read full article
PDF	APRIL 03	Waiting for the next wave Fundraising is hard work at present, and much less of it is going on. The relative drought of the past two years has been taxing on placement agents, not least because more of them have come into the market and have ended up competing for less business. But everyone is convinced that fundraising will come back in 2004. The trick is to be ready when this happens; the result is that banks, boutiques and one person-bands are feverishly preparing for this next wave.	Read full article
PDF	JAN 03	Manoeuvring the mid-market The European mid-market is already one of private equity's most popular sectors, and operators are preparing for an even stronger buyout season in 2003. Unless economic fundamentals change, a growing number of small- and mid-cap company owners are going to run into problems that will make a private equity solution more attractive - if not inevitable.	Read full article

View

Doc	Date	Description
PDF	OCT 02	Chequers Capital Announces Final Closing on Over-Subscribed Fund Chequers Capital, a leading French mid-market buyout firm, is pleased to announce the final closing of its debut fund on €300 million of commitments. The final close was 50% above the original target of €200 million due to strong demand from institutional investors worldwide.	Read full article
PDF	OCT 02	Do you invest in first time funds? Lisa Bushrod reports	Read full article
PDF	OCT 02	Chequers Capital closes first fund Amid a sharp increase of activity in the French buyout market, the new fund from the former Charterhouse SA team has raised E300m	Read full article
PDF	OCT 02	Spoilt for choice? Placing private equity funds is increasingly hard even for the most compellingpropositions. But there are more than enough placement agents in the marketready to assist.	Read full article
PDF	SEPT 02	HealthCap IV established with committed capital of MSEK 3 000 HealthCap IV was established in the summer of 2002 and now announces its final closing with acommitted capital of SEK 3 000 000 000.	Read full article
PDF	SEPT 02	Land of the raising fund Japanese pension funds and other institutional investors are slowly discovering, not always for the first time, the attractions of private equity as an asset class.	Read full article
PDF	JUNE 02	The 50 most influential people in Europe Who is shaping the industry?	Read full article
PDF	APRIL 02	Quester Announces Strong Support for New Institutional Venture Capital Fund Quester, a leading UK venture capital firm specialising in early development stage investment, is pleased to announce over €115 million of commitments for its new institutional venture capital fund, Quester Venture Partnership ("QVP"). Quester has secured commitments from prominent institutions from the UK, Europe, North America and Japan. QVP is only open for investment to professional investors.	Read full article
PDF	APRIL	Talking, listening, placing Placement agents are becoming an increasingly critical factor in the fund raising process. David Hawkins finds out who does what, when and why.	Read full article
PDF	APRIL 02	SSVP announces a successful final close at €163 million SSVP is pleased to announce the final closing of Special Situations Venture Partners LP (the "Fund"), on € 163 million, considerably exceeding its original target of € 125 million. The Fund is advised by Munich-based Orlando Management.	Read full article
PDF	FEB 02	A long and winding road? The popular view is that only masochists are attempting to raise new private equity or VCfunds at present. Over-allocated investors and those still smarting from the implosion ofIT company valuations are just two groups who have apparently made the fundraising traila long and painful one for old and new firms alike. David Hawkins looks at how accuratea picture this is.	Read full article
PDF	JAN 02	Much ado about mezzanine Mezzanine is going strong, even though times are tough. What is the attraction to the buyside, who invests in mezzanine, and why are they buying it?	Read full article

If you are making a press enquiry please contact a member of the team.