European Venture Capital Journal articles from April 2008

European Venture Capital Journal archives from April 2008

Darling falls flat after boring Budget: new capital gains tax rate comes into effect as private equity rushes to beat the deadline.(EDITOR'S NOTE)
April 1, 2008... [ILLUSTRATION OMITTED] It was never going to be easy to follow in the footsteps of Gordon Brown, but Alistair Darling's first Budget as UK Chancellor was generally regarded as one of the most boring Budget's ever--boring in tone, dull in...

Private equity returns up.(BRUSSELS)
April 1, 2008... [ILLUSTRATION OMITTED] European private equity returns reached 11.7% in 2007, up from the 10.8% of 2006, according to preliminary data from the European Venture Capital Association (EVCA) and Thomson Financial. The figures, which are net...

Darling delivers maiden Budget.(LONDON)(Brief article)
April 1, 2008... UK Chancellor Alastair Darling delivered his first Budget, in which he confirmed plans to scrap taper relief and increase capital gains tax by 80% by introducing a flat rate of 18%. Small business owners are granted a concession in the form of...

Largest LBO since credit crunch launches.(LONDON)
April 1, 2008... [ILLUSTRATION OMITTED] Abbot Group, a UK based oil field services company, has launched its 1bn [pounds sterling] credit facilities in what is the largest LBO since the summer's credit crunch. It's success, or otherwise, will be seen as a...

Ferd rebrands as Herkules.(OSLO)
April 1, 2008... Ferd Private Equity, the Norwegian private equity firm, has renamed itself Herkules Capital following its spin out from parent Ferd. Ferd has been the largest investor in the firm since it was established in 2004, although the two have...

Renaissance smashes US$500m PE target.(MOSCOW)
April 1, 2008... Russian investment bank Renaissance Capital has raised a US$660m maiden private equity fund for companies in Russia and the former Soviet Union. The fund exceeded its US$500m target as a result of investor demand, with Renaissance itself...

Carlyle breaks French record.(PARIS)
April 1, 2008... US buyouts giant The Carlyle Group has acquired a 37.8% stake in French telecom companies Numericable and Completel, from existing shareholders Altice and Cinven. The 1.1bn [euro] equity investment has given the companies an aggregate...

La Caixa hunting for private equity managers.(MADRID)
April 1, 2008... Spanish banking group La Caixa is looking to commit 10% of its 3.8bn [euro] pension scheme to alternative assets. Speaking to EVCJ sister publication Thomson Investment Management News, chairman of the scheme's trustees, Antonio Canals Coll...

Specialisation in venture capital: as the European venture capital industry drifts towards fund specialization, Tom Allchorne looks at whether this is really what LPs want.(NEWS ANALYSIS)
April 1, 2008... The Environmental Techologies Fund (ETF) has raised 110m [pounds sterling] for its maiden fund, surpassing its target size and attracting investment from a range of blue-chip institutions including Swiss RE, the European Investment Fund (EIF)...

The death of the IPO: as markets crash and investors panic, chasing an IPO has become all but impossible. Tom Allchorne looks at some of the options open to companies now that the public market is closed for new business.(NEWS ANALYSIS)
April 1, 2008... [ILLUSTRATION OMITTED] The IPO is dead. Thomson Financial's February briefing shows that the global equity markets have fallen to a five year low, with new offerings taking a massive hit, leading to a fall in the number of IPOs from...

Fortifying German defences: as politicians debate one of the most aggressive governmental attempts to control foreign investment in Germany, David Nicholson examines the history of the bill and what it means for investors.(NEWS ANALYSIS)
April 1, 2008... [ILLUSTRATION OMITTED] Are we standing on the brink of an international trade war, sparked by Germany's threat to veto reign investments? Or is the proposed legislation from the Ministry of Economics and Technology a mere storm in a beer...

Online German media business raises 53m [euro]: Index Ventures joins Wellington Partners in the largest VC funding in a European internet advertising company.(VC DEAL OF THE MONTH)(Company overview)
April 1, 2008... Adconion Media Group, a Munich-based internet advertising network has raised the largest venture investment for a European online media company in history, closing its Series C round on 53.4m [euro]. The latest round was led by new investor...

White Paper sets out to encourage UK creativity.(INNOVATION NATION)(Brief article)
April 1, 2008... The UK Department for Innovation, University and Skills (DIUS) has released a Science and Innovation White Paper which calls on the government to increase spending to create demand for new innovative products and services. The paper,...

VCs facing hedge funds challenge: European technology companies tapping into non-traditional pools of capital as competition hots up.(VENTURE COMPETITION)
April 1, 2008... Hedge funds and large institutional investors are competing with Venture Capitalists for large deals according to data from Go4Venture, a London-based corporate finance advisory firm for European technology entrepreneurs and their investors....

Entrepreneurs' relief slammed: Darling's backtrack on capital gains tax accused of stifling industry.(EARLY STAGE)
April 1, 2008... Whilst still not a great Budget for the entrepreneur, it could have been worse had UK Chancellor Alistair Darling stuck with his original idea. In his pre-Budget report in October, he revealed plans to scrap taper relief and introduce a flat...

Investors home in on Southern Europe: Southern European specialist raises 1bn [euro] in three months.(CLOSE)
April 1, 2008... [ILLUSTRATION OMITTED] Investindustrial, the Southern European mid-market buyout group, has closed its fourth Southern European buyout fund, Investindustrial IV LP at the hard cap of 1bn [euro], exceeding its original 800m [euro] target...

Endless support for UK turnarounds: endless LLP closes first institutional fund at 164m [pounds sterling].(CLOSE)
April 1, 2008... Endless LLP has announced the first and final close of its new investment vehicle, Endless Fund II, with commitments from a range of international investors totaling 164m [pounds sterling]. This is in excess of the firm's original target of...

Strong support for oil and gas: HitecVision caps fund at $800m.(CLOSE)
April 1, 2008... [ILLUSTRATION OMITTED] Norwegian firm, HitecVision has received commitments of US$800m for its new fund HitecVision V, exceeding the original US$600m target. Following strong support from existing investors and significant interest from...

Foresight wins Noble VCT mandate: possible VCT merger on the cards.(VCT MANDATE)(Brief article)
April 1, 2008... UK venture and growth capital investor Foresight Group has been awarded the investment mandate for the 22m [pounds sterling] Noble VCT. Foresight's appointment, which is part of Noble VCT's investment strategy aimed at obtaining greater...

Hitting the Target.(FIRST CLOSE)
April 1, 2008... Munich-based venture capital firm Target Partners has reached a first close of its new fund, Target Partners Fund II, at 61.5m [euro]. Private individuals, family offices and institutional investors made commitments, including Morgan...

TLcom reaches first base.(FIRST CLOSE)
April 1, 2008... London-based venture capital firm TLcom Capital LLP has held a first closing of its new fund, TLcom II, in excess of 50m [euro]. The target size of the fund is 150m [euro]. The new fund will focus primarily on revenue stage companies across...

More funds for Elderstreet.(TOP-UP)(Brief article)
April 1, 2008... Smith & Williamson Investment Management's Tax Efficient Solutions has launched a 10m [pounds sterling] top-up offer in Elderstreet VCT, which offers new investors immediate exposure to a mature portfolio with the prospect of earlier tax-free...

Germany II is ready.(CLOSE)(Brief article)
April 1, 2008... GIMV has reached a successful close of the Halder-GIMV Germany II fund at 325m [euro]. Fundraising started less than three months ago and has exceeded the set level of 275m [euro]. No less than thirteen institutional investors from nine...

31 sells Blueberry.(FOOD)
April 1, 2008... Close Growth Capital (CGC), the equity and debt provider, has backed a 12m [pounds sterling] secondary buyout of the Blueberry Group, from 31. Blueberry is a UK supplier and distributor of speciality ambient food to the premium independent...

AIG sells Turkish cinema chain.(ENTERTAINMENT)
April 1, 2008... US asset management company AIG Investments has sold its stake in AFM Cinemas, the largest cinema chain in Turkey. AIG and fellow shareholders sold a 51.91% stake in the business, which is headquartered in Istanbul, to Al Group, the...

Gresham makes premium sale.(FINANCIAL SERVICES)
April 1, 2008... Gresham Private Equity, the London-based firm, has sold Giles, a British insurance broker, to Charterhouse Capital Partners for a reported 185m [pounds sterling]. A Scottish outfit speciallsing in providing commercial insurance cover for...

Tunstall sold by Bridgepoint: UK mid-market firm Charterhouse Capital Partners is to acquire Tunstall Group in a secondary buyout deal with vendor Bridgepoint for 514m [pounds sterling].(SECONDARY)
April 1, 2008... Return details were undisclosed but a source close to the transaction placed it at 2.5x. Tunstall is a Yorkshire-headquartered provider of personal and home telecare systems to the elderly. The European market leader, the company's...

Graphite slips on Kurt Geiger: Barclays Private Equity generates a 2.5x return on shoe seller.(RETAIL)
April 1, 2008... Barclays Private Equity has more than doubled its investment in Kurt Geiger, the luxury shoe retailer, by selling it to London mid-market player Graphite Capital for 95m [pounds sterling]. Kurt Geiger, which is also head-quartered in the UK...

Quilvest gobbles up YO! Sushi: Primary Capital in 50m [pounds sterling] exit from UK restaurant brand.(SECONDARY)
April 1, 2008... [ILLUSTRATION OMITTED] YO! Sushi, the conveyor-belt sushi restaurant chain, has been sold by Primary Capital for 50m [pounds sterling] to Quilvest Private Equity as the company looks to crack the US market. It currently operates 41...

Balderton makes 9x on Bebo sale: social networking site bought by AOL for US$850m.(TRADE SALE)
April 1, 2008... Bebo, the UK social networking website, has been sold to US media giant AOL by VC backers Balderton Capital for US$850m, generating proceeds of US$140m for the firm and a return on investment of nine times. The third largest site of its...

Krokus sells heating business.(SHARE SALE)
April 1, 2008... Polish firm Krokus Private Equity has completed its exit of heating company Praterm by selling its remaining shares to Dalkia Poland. Krokus invested 10m [euro] for a majority stake in Praterm. In 2004, Preterm was listed on the Warsaw...

Mid Europa buys DISA business.(SECONDARY)
April 1, 2008... Central and Eastern European Investor Mid Europa Partners has bought DISA, a Czech Republic-based metal moulding specialist, from Procuritas Capital Investors, a Nordic buyouts house. Procuritas, which has offices in Stockholm and...

Gresham exits PIMS.(SECONDARY)
April 1, 2008... Gresham Private Equity has made a 3.4x return on its money from the sale of PIMS Group, a Farnborough-based provider, installer and maintainer of water sewage pumps and drainage pumps. The company has been acquired by Inflexion Gresham led...

Dorset Cereals sold.(FOOD)
April 1, 2008... Langholm Capital, a UK mid-market buyouts firm which focuses on European consumer facing companies, hassold Dorset Cereals to Wellness Foods. Dorset Cereals, as its name suggests, produces a range of breakfast food products. It was...

MIG sells OTE.(TELECOMS)
April 1, 2008... Marlin Investment Group, the Greek buyout firm, has sold its stake in Hellenic Telecom (OTE) to Deutsche Telekom for 2.5bn [euro]. Deutsche Telekom is to buy 98,026,324 shares in OTE at a price of for 26 [euro per share. The...

The end of the Indian summer: the economic success of India has led to a glut of private equity money flooding the market, but, as Kamalakshi Mehta reports, the good times could be coming to an end.(FEATURE: INDIA)
April 1, 2008... [ILLUSTRATION OMITTED] Private equity investment has taken off in India over the last few years. Indian companies raised more than US$14bn (excluding real estate deals) though private equity in 2007, up from US$7.5bn in 2006 and US$2.3bn...

Putting India on the map: EVCJ speaks to Warburg Pincus, the firm behind one of the country's best ever exits.(FEATURE: INDIA)(Interview)
April 1, 2008... New York-based private equity firm Warburg Pincus is legendary in the Indian private equity space for its spectacular exit from Bharti Airtel. The PE firm took a bet on ambitious telecom entrepreneur Sunil Mittal and bought 18.5% of his company...

Cooling down: buyout activity in the French market slows as players adjust to harsher market conditions.(FEATURE: FRANCE)
April 1, 2008... [ILLUSTRATION OMITTED] The French winter holidays this February and March were a welcome break for private equity players in Paris, their bankers and lawyers because in the previous few years the market was so hot that many of them had to...

Early stage challenge: is Sarkozy boosting the French entrepreneurial spirit?(FEATURE: FRANCE)
April 1, 2008... France is widely viewed as a country of entrepreneurs, after all that's where the name came from. Technology wiz kids, life sciences specialists and, in recent years, a growth in the amount of cleantech companies (despite France being a nation...

30 years and counting: Siparex deputy general managers Benoit Metais, Bertrand Rambaud and Pierre Rispoli comment on how the French market has evolved.(PROFILE)(Company overview)
April 1, 2008... Thirty years in private equity investment is an achievement. Siparex represented a radical innovation with respect to the market at the time. The group began as an independent private-sector entity with no core shareholders, raising capital...

Fundraising in a recession: the credit crunch is set to have a significant impact on private equity fundraising in the year ahead. Patrick McCurry speaks to placement agents about the prospects for 2008.(LP ANALYSIS)
April 1, 2008... [ILLUSTRATION OMITTED] For placement agents the current market conditions are a double-edged sword. On the one hand, because it is harder to fundraise, buyout firms are more likely to seek the help of an agent. On the other, many...

Looking for the next big thing: Triago is celebrating 15 years in the industry this year. Antoine Drean takes a look back at how the firm has adapted to the evolving private equity industry.(PROFILE)(Interview)
April 1, 2008... [ILLUSTRATION OMITTED] Take us back 15 years to when you first launched--what was the placement agent and secondaries market like then and how did you attract your first clients? As far as private equity is concerned, 1992 was...

Jersey playing the regulation game: the UK financial centre has just launched two new funds in its battle to stay at the top end of the off-shore league table. Rob Stokes looks at the private equity response.(LEGAL AND REGULATORY)
April 1, 2008... [ILLUSTRATION OMITTED] When Jersey faced Guernsey in the final of the Muratti Vase football cup last year, the game ended 0-0 with Jersey then shading it 7-6 on penalties. It is a similar stow with their competing regimes for...

Chris Webber.(OBITUARIES)(Obituary)(Brief article)
April 1, 2008... [ILLUSTRATION OMITTED] Chris Webber, chairman of Beer & Partners, has died of cancer after a short illness. Webber was a key member of the business angel network for some nine years and was well known to many of its 1,500 investors....

Phil Tate.(OBITUARIES)(Leeds)(Obituary)(Brief article)
April 1, 2008... [ILLUSTRATION OMITTED] Phil Tate, cofounder of Leeds headquartered buyout firm Endless, died on March 2nd following injuries suffered during a skiing accident. He had been holidaying with friends and family in France. He was 32. Tate...

Gareth Butler.(OBITUARIES)
April 1, 2008... Gareth Butler, a former editor of Radio 4's The World This Weekend and EVCJ freelancer, died suddenly from a heart attack on February 29th aged 42. A Cambridge University graduate, Butler became editor of The World This Weekend in 1995, a...

Parish appoints Proventure founding partner.(PEOPLE)(Parish Capital Advisors appoints Catherine Lewis La Torre)(Brief article)
April 1, 2008... Parish Capital Advisors, a London-based fund-of-funds manager, has hired Catherine Lewis La Torre. Lewis La Torre is a cofounder of fund-of-funds group Proventure and joined Parish as a venture partner. Before this she was an investment...

Chequers adds associates.(PEOPLE)
April 1, 2008... [ILLUSTRATIONS OMITTED] French mid-cap firm Chequers Capital has named four new associates. Both Axelle Dumousset and Xavier Morin join from the structured finance department of Socgen, where they had worked since 2005. Xavier Poitevineau...

Intera hires partner.(PEOPLE)
April 1, 2008... Martin Grotenfelt has joined Finnish small-cap investor Intera Equity Parmers as a partner. He joins from Altor Equity Partners in Sweden, where he was involved in several of Altor's most successful transactions including Dynapac, PaloDEx,...

Nova nabs Nevin.(PEOPLE)(Nova Capital Management appoints Mike Nevin )(Brief article)
April 1, 2008... [ILLUSTRATION OMITTED] Nova Capital Management, the specialist acquirer of private equity and corporate portfolios, has recruited Mike Nevin as an investment partner. Previously CFO of Hi-Tec Sports Group, Nevin started his career with...

Close Bros names new MD.(PEOPLE)(Close Brothers appoints Christopher Clayton )(Brief article)
April 1, 2008... [ILLUSTRATION OMITTED] Close Brothers, the UK corporate finance adviser, appointed a new managing director to head its Pensions Advisory Group. Christopher Clayton joins Close Brothers from Grant Thornton where he has been since 2002....

Palamon hires VP.(PEOPLE)
April 1, 2008... Palamon Capital Partners, a London mid-market private equity firms, has appointed Valerio Boccardi as a vice president. Boccardi joins Palamon from the Italian mid-market private! equity fund, Magenta, where he was a director. Prior to this...

Ernst& Young build restructuring team.(PEOPLE)
April 1, 2008... The restructuring team at UK business advisers Ernst & Young has added Bob Ward to its ranks. He will be responsible for providing guidance to corporates, as well as advising private equity firms. He joins from PricewaterhouseCoopers where he...

Cazenove names investment sales chief.(PEOPLE)(Cazenove Management)(Brief article)
April 1, 2008... Lee is to join Cazenove Management as head of investment sales in June. He joins from Old Mutual where he was regional manager for London and the Channel Islands, focusing the primary discretionary market such as private clients and funds of...

GE appoint leveraged finance head.(PEOPLE)
April 1, 2008... [ILLUSTRATION OMITTED] Thomas Greco has been named as the new European head of GE Commercial Finance's leveraged finance activities. He will oversee strategy and development throughout the region and be responsible for driving growth...

Advent builds French team.(PEOPLE)(Advent International Corp. appoints Alice Escoffier)(Brief article)
April 1, 2008... [ILLUSTRATION OMITTED] Advent International has appointed Alice Escoffier as assistant director in the Paris office. Escoffier joins after having spent four years with 3i in Paris where, as part of the buyout team, where she focused on...

Citadel names multi-strategy head.(PEOPLE)
April 1, 2008... Chicago-headquartered alternative assets specialist Citadel Investment Group has appointed of Kaveh Alamonti as senior managing director, who will be responsible for Citadel's soon-to-be-launched multi-strategy macro investment business, and he...

Kirkland loses top private equity partner.(PEOPLE)
April 1, 2008... US law firm Kirkland & Ellis has lost its London-based private equity hotshot Raymond McKeeve, who has left to pursue a career outside the legal industry. McKeeve joined the firm from Linklaters along with Graham White in 2006 and was...

Jeffries names two new IB heads.(PEOPLE)
April 1, 2008... [ILLUSTRATIONS OMITTED] Jefferies Group, the US-headquartered investment bank, has appointed Ian Williams and Ian Crosbie to Jefferies International in London as managing directors to lead the firm's European industrial and healthcare...

Carlyle gets its own Sarkozy.(FINANCIAL SERVICES)
April 1, 2008... US buyouts behemoth The Carlyle Group has named Olivier Sarkozy --half-brother of the French president--as co-head and managing director of the firm's global financial services group. He joins Carlyle from UBS, where he is joint global head of...

Clean energy exceeds expectations: more investment needed to reduce greenhouse gas emissions.(DATA ROOM)
April 1, 2008... [ILLUSTRATION OMITTED] Investment in technology and projects in renewable energy and energy efficiency grew even more spectacularly last year than was revealed in initial estimates made at the end of December, according to research from...

Emerging markets are cream of crop: record-breaking fundraising pace continues in 2007.(DATA ROOM)
April 1, 2008... Interest in emerging market private equity opportunities continued unabated in 2007, with 204 funds collectively raising US$59bn in fresh capital, a 78% increase over the US$33bn raised in 2006. According to the Emerging Markets Private...

AIM remains IPO favourite: listings continue despite tighter regulation.(DATA ROOM)
April 1, 2008... Last year saw AIM adopt a number of new rules and regulations and according to The Taking AIM Survey 2008, undertaken by Baker Tilly in partnership with Faegre & Benson, the recent tightening of the AIM rules has generally been welcomed as a...

Real estate fundraising slows: investors become more conservative.(DATA ROOM)
April 1, 2008... Private equity Intelligence has undertaken a survey of investors regarding their attitudes to private equity real estate in the wake of the credit crunch. According to the research, LPs still favour private equity real estate although have...

Transparency versus returns: the great debate: LPs rank transparency and risk management as highly as returns.(DATA ROOM)
April 1, 2008... Transparency and risk management are considered by investors to be just as important as performance when deciding whether to retain their managers of alternative investments, according to a report on the industry by PricewaterhouseCoopers. ...

LBO syndications arranged March.(BUYOUTS)
April 1, 2008... Abbot Group TARGET NATION: UK DATE ANNOUNCED: 07/12/07 DEAL TYPE: LBO ACQUIRER: FIRST RESERVE TOTAL VALUE: 906M [pounds sterling] ARRANGERS: GOLDMAN SACHS FINANCING: US$2-16BN Global coordinator and...

Nybron Flooring.(REFINANCINGS)
April 1, 2008... TARGET NATION: SWITZERLAND DATE ANNOUNCED: 10/03/08 SPONSOR: VESTAR CAPITAL MANDATED ARRANGER: UNKNOWN FINANCING: SEE BELOW A restructuring of Swiss floor manufacturer Nybron has closed with lenders gaining all of the...

Refresco.(REFINANCINGS)
April 1, 2008... TARGET NATION: ICELAND DATE ANNOUNCED: 03/03/08 SPONSOR: FL GROUP MANDATED ARRANGER: UNKNOWN FINANCING: UNDISCLOSED FL Group, the Icelandic investment company, has completed a successful refinancing of Refresco, the...

BabySam.(EU COMPETITION LAW)
April 1, 2008... BACKERS: AAC AND POLARIS BUSINESS DESCRIPTION: BABY EQUIPMENT RETAILER DEAL VALUE: UNDISCLOSED NOTIFIED: 29/02/08 PROVISIONAL DEADLINE: 09/04/08 AAC Capital Partners and Polaris Private Equity have agreed to acquire a...

Biffa.(EU COMPETITION LAW)
April 1, 2008... BACKERS: MONTAGU BUSINESS DESCRIPTION: WASTE SERVICES DEAL VALUE: 1.7BN [pounds sterling] NOTIFIED: 11/02/08 CLEARED: 17/03/08 The EU has approved the purchase of waste services group Biffa by Montagu Private Equity,...

BUT.(EU COMPETITION LAW)
April 1, 2008... BUSINESS DESCRIPTION: ELECTRICALS RETAILER DEAL VALUE: 550M [euro] NOTIFIED: 05/02/08 CLEARED: 11/03/08 The EU has approved the purchase of BUT, the French arm of UK-based Kesa Electricals, by Colony Capital, Goldman Sachs and...

Papyrus.(EU COMPETITION LAW)
April 1, 2008... BACKERS: ALTOR EQUITY PARTNERS BUSINESS DESCRIPTION: PAPER PRODUCER DEAL VALUE: US$979.5M NOTIFIED: 14/03/08 PROVISIONAL DEADLINE: 16/04/08 The Finnish paper producer Stora is to divest merchant paper business Papyrus to...

Pret a Manger.(EU COMPETITION LAW)
April 1, 2008... BACKER: BRIDGEPOINT BUSINESS DESCRIPTION: SANDWICH CHAIN DEALVALUE: 350M NOTIFIED: 22/02/08 PROVISIONAL DEADLINE: 02/04/08 Bridgepoint has agreed to acquire a majority stake in Pret A Manger, the UK's leading retailer of...

Buyouts with European targets 28 February 2008 to 17 March 2008.(BUYOUTS)(Statistical table)
April 1, 2008... BUYOUTS WITH EUROPEAN TARGETS 28 FEBRUARY 2008 TO 17 MARCH 2008 Date announced Target name Target industry 28/02/08 Gamesa Solar Electronic and ...

Seeking buyers.
April 1, 2008... SEEKING BUYERS Seeking buyers includes listings of all European companies that have announced plans since February 28, 2008 to March 17, 2008 to sell divisions, stakes or their entire company. It also includes purported sales efforts...

Keeping abrest of all of the industry's upcoming events: the EVCJ comprehensive calendar.(Calendar)
April 1, 2008... APRIL 2008 APRIL 25 BVCA 25 Anniversary VIP Summit A one day event to celebrate the private equity Industry Location: Cafe Royal, London Website: www.bvca.com MAY 2008 MAY 14-16 Russian and CIS Private...

Announced deals.(Table)
April 1, 2008... ANNOUNCED DEALS Announced deals includes listings of private equity and venture capital transactions involving European targets announced between February 28, 2008 and March 17, 2008. The listings are ordered by target nation, and...

Not-so-risky business: Jeff Montgomery, managing partner, GMT Communications Partners mulls over why sectors such as media and communications offer lower risk in an uncertain environment.(COMMENT)(Industry overview)
April 1, 2008... Figures for European private equity activity in 2007 are now starting to emerge and it's clear that in some areas, most notably 1bn [pounds sterling] plus deals, activity in the second half of the year, and in the last quarter in particular,...