European Venture Capital Journal articles from December 2004

European Venture Capital Journal archives from December 2004

Employee regulations may affect private equity.(News Analysis)
December 1, 2004... New legislation coming into effect in the UK could have far reaching implications for private equity. Statutory dismissal and disciplinary procedures (DDPs) that came into effect on October 1 this year mean that employers now have to follow...

The rise of venture philanthropy.(News Analysis)
December 1, 2004... It all started in Vietnam. There they were, 28 businessmen, mainly venture capitalists, cycling through the hills and the jungle in aid of raising money for mine clearance programmes in the country and neighbouring Laos. In the end 350,000...

Investment documents: is standardisation possible?(News Analysis)
December 1, 2004... The British Venture Capital Association (BVCA) is gauging investor enthusiasm regarding the preparation of a set of model investment documents (subscription and shareholders' agreement and articles of association), which would be used for...

EVCJ scoops two awards.(News)
December 1, 2004... EVCJ has cause to celebrate this month, scooping two awards at the British Venture Capital Association's annual Private Equity and Venture Capital journalist Awards. The awards were for Most Outstanding Contribution and for the specialist...

Bencis closes fund in six months.(News)(Brief Article)
December 1, 2004... Dutch private equity house Bencis Capital Partners has reached a final close on the Bencis Buyout Fund II on 250m [euro], just six months after it launched. The fund had an original target of 200m [euro], but was capped at 200m [euro]. Bencis...

Ventus VCT launches.(News)(venture capital trust)
December 1, 2004... Jumping on the venture capital trust (VCT) bandwagon is Climate Change Capital, a group that provides financial services and products to organisations affected by climate change policy. The group is differentiating itself from the other...

NStar to set up new fund.(News)(Brief Article)
December 1, 2004... NStar, an investor in the north east of England, is to launch a new fund and a new management company. The North East Co-investment Fund is a 23m [euro] (32.8m [euro]) fund to promote the development of high-growth technology-based businesses...

Rise in UK start-ups in 2003.(News)(Brief Article)
December 1, 2004... The number of new businesses starting up in the UK increased by 14,200 (8.1%) between 2002 and 2003, according to figures published by the Small Business Service. The number of de-registrations increased by 10,400 (6.4%) over the same...

PIP buys LP interest portfolio.(News: Pantheon International Participations PLC )(Brief Article)
December 1, 2004... Pantheon International Participations PLC (PIP) has purchased secondary interests in a substantial portfolio of private equity fund investments. The transaction involves interests in over 20 private equity funds. Approximately 90% of the...

Halo calls on European investors.(News)(Brief Article)
December 1, 2004... On the back of its first close, The Halo Fund, a venture capital fund specializing in early stage investments in Silicon Valley, has hired New Commercial Room Venture Capital Consulting of Hamburg, Germany to represent Halo Fund II. Halo Fund...

AXA to manage Caisse portfolio.(News)(Brief Article)
December 1, 2004... AXA Private Equity has taken over the management of five European private equity investments of Caisse de depot et placement du Quebec, the Canadian fund manager. AXA Private Equity will manage the group's direct investments in European...

BancBoston bought by Bank of America.(News)(Brief Article)
December 1, 2004... London-based BancBoston Capital, formerly the European private equity arm of FleetBoston Financial, is to become part of Bank of America. The group has also recently realized two of its investments with the sale of its stake in Lloyd Shoe and...

BVCA publishes annual economic impact report.(News)(Brief Article)
December 1, 2004... Private equity-backed companies in the UK generate annual sales of 187bn [pounds sterling] (266.5bn [euro])and employ 2.7m people, or 18% of the private sector workforce, according to a survey by the British Venture Capital Association on the...

Baronsmead VCT 2 first close.(News)(Brief Article)
December 1, 2004... Baronsmead VCT 2 has raised 6.15m [pounds sterling] (8.77m [euro]) of the 20m [pounds sterling] it is seeking to raise as a C share issue following the publication of its prospectus in September. This represents approximately 22% of all new VCT...

Rothschild PE fund reaches final close.(News)(Brief Article)
December 1, 2004... Edmond de Rothschild Capital Partners, the private equity arm of the Edmond de Rothschild Group and managed by Erick Fouque and Eric de Montgolfier, has held the final close of its debut fund, the Edmond de Rothschild LBO Fund, on 210m [pounds...

Segulah closes third fund.(News)
December 1, 2004... Stockholm-based private equity firm, Segulah, has announced the first and final closing of Segulah III. The fund has closed on 250m [euro] and was more than four times oversubscribed. Segulah III has attracted a number of new investors, as...

Patron Capital fund close.(News)(Brief Article)
December 1, 2004... Patron Capital has reached a final close on Patron Capital II at 303m [euro]. The second fund follows Patron Capital's 151m [euro] maiden fund. The fund raising for Fund II launched in January 2004 and closed in August. There was strong...

Lone Star picks up Dresdner debt portfolio.(News)
December 1, 2004... Dresdner Bank's Institutional Restructuring Unit (IRU) has sold a portfolio of German loan assets worth 1.2bn [euro] to US private equity firm Lone Star. Dresdner Bank will work closely with Lone Star over the coining months to ensure a smooth...

DB further reduces PE exposure.(News: Deutsche Bank, Private Equity )
December 1, 2004... AXA Private Equity has bought a portfolio of 21 limited partnership interests in private equity funds from Deutsche Bank. The transaction represents almost 300m [euro] of commitments, which overall are less than 50% funded. The portfolio is...

AngelBourse launches trading facility.(News)
December 1, 2004... AngelBourse, the venture capital network which helps small businesses find venture finance, has launched a low-cost, regulated trading service for unlisted companies. AngelBourse believes the service will be attractive to small businesses...

Greenpark closes second secondaries fund.(News)(Brief Article)
December 1, 2004... Greenpark Capital, the UK secondaries specialists, has reached a final close on its 350m [euro] fund, Greenpark International Investors II. The firm claims it received significant excess demand from investors across the world and is one of...

ProVen 3 launches.(News)(Brief Article)
December 1, 2004... Funds continue to flood into the VCT space. Beringea, manager of the ProVen range of VCTs, has launched ProVen 3 VCT. This will be a generalist fund looking to raise 30m [pounds sterling] (42.69m [euro]) for investment in a diversified...

Swift close for Herald.(News)(Brief Article)
December 1, 2004... UK specialist technology and media investor Herald has closed Herald Ventures II, its second venture fund within five months of launch. It has exceeded its target of 20m [pounds sterling](28.46m [euro]), having raised 22.25m [pounds sterling]....

China attracts investors.(News: London Asia)(Brief Article)
December 1, 2004... London Asia, the ARM-listed Greater China-focused investment and merchant banking group, has joined forces with Global Emerging Markets (GEM), the New York headquartered investment group, to form a US$200m (154m [euro]) private equity fired for...

Business angel network launches.(News)(Brief Article)
December 1, 2004... Oxford Early Investments (OEI), a new business angel network has launched. The new initiative will help innovative companies at the very early stages of technical and commercial development raise investment capital of up to 150,000 [pounds...

MCH Private Equity first close.(News)(Brief Article)
December 1, 2004... Spanish mid-market specialist MCH Private Equity has reached a first close of its second fund MCH Iberian Capital Fund II. MCH has secured commitments of around 140m [euro], almost reaching its target of 150m [euro]. The fund has a cap of 200m...

Baring closes second Iberian fund.(News)(Brief Article)
December 1, 2004... Baring Private Equity Partners Espana has reached a final close on Baring Iberia II Inversion en Capital fund at 97m [euro]. The fund will invest mainly in Spanish and Portuguese SMEs seeking expansion capital. It will not be sector...

Young entrepreneurs cry for help.(News)
December 1, 2004... A third of new businesses do not make it into their final year, according to research by the RSA (Royal Society for the encouragement of Arts, Manufactures & Commerce) and businessdynamics. The study finds that the ambition and talent is...

Lombardy set for venture boost.(News)(Brief Article)
December 1, 2004... Finlombarda Gestioni has closed a fund-of-funds dedicated to venture investing in the Italian region of Lombardy. The NEXT fund reached 37m [euro], raised from Italian banks, foundations and public bodies. It will invest a minimum of 50% of...

Blue Green sale.(Exits)(Burggolf Investment Holding )(Brief Article)
December 1, 2004... Duke Street Capital has sold its stake in Blue Green European Holdings (BGEH), a French golf course owner, to Burggolf Investment Holding for an undisclosed price. Duke Street acquired its majority holding in the company in 1997 when it...

CVC sells Meneba.(Exits)(Brief Article)
December 1, 2004... CVC has agreed to sell Meneba, the Netherlands-headquartered grain specialities producer, to the Dutch investment group Bencis Capital Partners. Financial details were not disclosed. Bencis, the spin-out of NeSBIC, made the purchase through...

LDC makes quick exit from HFS.(Exits)(LDC Corporation of America)(Brief Article)
December 1, 2004... LC has sold HFS group, a UK mortgage broker, to US group Capital One Financial Services for 65m [pounds sterling], nine months after acquiring the company. The sale represents an IRR of over 100% for LDC, which invested 15m [pounds...

Triton exits Elitfonster.(Exits)(Brief Article)
December 1, 2004... Triton, the Nordic private equity firm, has sold its 95% share in Swedish manufacturer the Elitfonster Group to Ratos, a Swedish private equity house. Ratos, which is listed on the Stockholm Stock Exchange, has invested SKr473m (52.7m...

HgCapital aims for 4x return with Raymarine IPO.(Exits)(Brief Article)
December 1, 2004... HgCapital is to float Raymarine, the UK-headquartered supplier of leisure marine electronic products, on the London Stock Exchange before the end of year. HgCapital, which took a 70% stake when it backed a 58m [pounds sterling] (83m...

Barclays Ventures makes swift exit.(Exits)(Brief Article)
December 1, 2004... Barclays Ventures has sold Find a Property, the online property magazine, to the Daily Mail and General Trust in a 13.8m [pounds sterling] deal. The transaction includes an initial payment of 9.2m [pounds sterling]. Barclays Ventures has...

Advent and Apax sell Tertio.(Exits)(Brief Article)
December 1, 2004... Evolving Systems, a US-based provider of software solutions, has acquired UK-based Tertio Telecoms for around US$40.7m (31.3m [euro]). The transactions consisted of US$11m in cash, approximately US$16m in seller-financed notes and US$13.7m in...

Bridgepoint sells Opus.(Exits)(Brief Article)
December 1, 2004... Willis Group Holdings is acquiring Bridgepoint portfolio company Opus holdings, a UK-based regional insurance broking and group benefits consultancy business. Financial details of the transaction have not been disclosed. Bridgepoint...

Debenhams' backers reap profits.(Exits)(Brief Article)
December 1, 2004... Debenhams has more than doubled its full-year profits and its backers look set to reap the rewards. CVC Capital, Merrill Lynch Private Equity and Texas Pacific have already taken 130m [pounds sterling] (185.3m [euro]) out of the business...

Jessops' return revealed.(Exits)(ABN AMRO Bank N.V.)(Brief Article)
December 1, 2004... ABN AMRO Capital doubled the value of its investment over two years when Jessops, the UK photographic retailer, floated, ABN realised an internal rate of return of 42.6%. It is retaining a 17% stake in the company. The IPO valued the...

Advent and Prelude sell stakes in DRI to US trade buyer.(Exits)(Brief Article)
December 1, 2004... Advent Venture Partners and Prelude have sold DNA Research Innovations (DRI), a UK biotech company, to US group Invitrogen Corporation. Invitrogen paid US$35m (26.9m [euro]) in cash, and may be obliged to pay contingent payments of up to...

Gresham sells 1st Credit stake to Bridgepoint.(Exits)(Brief Article)
December 1, 2004... UK mid-market firm Gresham has sold its 48% stake in 1st Credit, a UK debt purchase and collection agency, to Bridgepoint in a 72m [pounds sterling] (102.6m [euro]) secondary buyout. Bridgepoint invested an undisclosed amount of equity into...

Terra Firma makes partial exit.(Exits)
December 1, 2004... Terra Firma has made a partial exit of the Waste Recycling Group (WRC) through a 790m [pounds sterling] (1.124bn [euro]) refinancing of the company. Terra Firma acquired the UK waste management company in July 2003 and took it private in a...

Carlyle sells Beru.(Exits)(Brief Article)
December 1, 2004... BorgWarner Inc, the US train parts maker, has agreed to buy 63% of German automotive supplier Beru from its shareholders in a 372m [euro] deal. The Carlyle Group, the biggest single stakeholder, will sell its 37.7% stake for 218m [euro]....

Partial exit for AMJ.(Exits)(Aberdeen Murray Johnstone )(Brief Article)
December 1, 2004... Aberdeen Murray Johnstone has sold the majority of its shares in Poulter Group, a UK marketing company, back to the management team. Murray Johnstone backed an MBO of Poulter in 1998. Murray VCT 2 invested 750,000 [pounds sterling] (1.07m...

Greenfield sells Telfort.(Exits)(Brief Article)
December 1, 2004... Dutch private equity firm Greenfield Capital Partners has sold its stake in Telfort, the Dutch mobile operator, to Ramphastos Investment, an entity owned and controlled by Marcel Boekhoorn, for a reported 200m [euro]. Greenfield Capital...

Barclays sells Hobbs for 5x return.(Exits)(Brief Article)
December 1, 2004... Barclays Private Equity has sold UK fashion retailer Hobbs to 3i in a 161m [pounds sterling] (229.5m [euro]) deal representing a 5x return. The cost represents the 111m [pounds sterling] enterprise value of Hobbs and the provision of senior...

Secondary buyout for Eltel Networks.(Exits)(Brief Article)
December 1, 2004... Industri Kapital has acquired Eltel Networks in a secondary buyout transaction from CapMan. Industri Kapital paid around 190m [euro] for the business, returning approximately 7m [euro] in carried interest to CapMan. CapMan originally...

Carlyle divests Sigla.(Exits)(Brief Article)
December 1, 2004... Carlyle Group has agreed to sell its 50% stake in Sigla Engineering SpA, me holding company of Riello Group, an Italian-based domestic heating company, to Ettore, Lucia and Roberta Riello. Reports suggest a sate price of 600m [euro]. Palladio...

3i sells Westminster.(Exits)
December 1, 2004... Barchester has won the hotly-contested bid for 3i's Westminster Health Care in a 525m [pounds sterling] (748.3m [euro]) transaction. The combined business will have a total revenue of 265m [pounds sterling] this year with 10,000 beds in 163...

Industri Kapital to sell Labeyrie.(Exits)(Brief Article)
December 1, 2004... Industri Kapital is selling Financiere de Kiel, holding company of the Labeyrie Group, a French-based producer of seafood, blini and spreadable foodstuffs. The company is set to be acquired by SIF hf, an Icelandic food producer, for 332.3m...

3i sells Spine Next stake.(Exits)(Brief Article)
December 1, 2004... 3i, Auriga Partners and Edmond de Rothschild Investment Partners have sold Spine Next SA, French company which designs and markets orthopaedic spinal implant devices, for US$60m (46.1m [euro]) to Abbott, a US healthcare company. Details...

EQT sells Thule to Candover.(Exits)(Brief Article)
December 1, 2004... Candover is to acquire Thule AB, the Swedish-headquartered sports utility transportation company, for approximately 465m [euro] from Nordic investor EQT. The sale represents just over a 2x return for EQT, which acquired Thule through EQT...

GMT exits Steleus in 42m [euro] deal.(Exits)(Brief Article)
December 1, 2004... GMT Communications Partners, the London-based media and telecoms investor, has sold its stake in Steleus Group to Tekelec for approximately US$55m (42m [euro]) in cash. Steleus has headquarters in Massachusetts, USA, and Lyon, France, and...

GIMV sells shares in Option.(Exits)(Brief Article)
December 1, 2004... GIMV has sold its remaining stake in Euronext-listed company Option, a Belgian-based wireless technology company. GIMV held 1,552,291 shares in Option and sold them in various transactions in 2004. It first invested in the company in 1991, and...

Montagu sells enact Holdings.(Exits)(Brief Article)
December 1, 2004... Montagu Capital has sold its stake in enact Holdings Limited, a UK provider of volume legal services to the housing sector, to First Title plc, the UK arm of First American Corporation. Enact was set up by law firm Addleshaw Booth & Co (now...

Phoenix IT IPO.(Exits)(Brief Article)
December 1, 2004... Alcemy portfolio company, Phoenix IT Group, a UK-based IT services company has successfully managed a technology IPO. At the offer price of 235 pence a share, the bottom of the 235 pence to 290 pence price range, the market cap of the group is...

Candover makes 2.7x return on Picard.(Exits)(Brief Article)
December 1, 2004... Candover has sold Picard Surgeles, the French frozen foos retailer, to BC Partners for over 1.3bn [euro]. The sale has resulted in the Candover 1997 Fund making over a 2.7x return. The fund, along with Chevrillon & Associees, led a 920m...

ISIS sells Brownsword to Capita.(Exits: Isis Equity Partners)(Brief Article)
December 1, 2004... ISIS Equity Partners has sold Brownsword, the UK insurance claims investigator, to the Capita Group for 8.5m [pounds sterling] (12.1m [euro]). The exit has generated an annnal return of 40% and 1.85 multiple for investors in the...

CVC sells share in Spanish car inspector.(Exits)(Brief Article)
December 1, 2004... CVC Capital has sold its share in Spanish vehicle tester Grupo Itevelesa to Apax and Vista Capital, a subsidiary of Banco Santander Central Hispano. Financial details have not been disclosed. Apax and Vista made the purchase through a joint...

Gilde sells Homann Feinkost.(Exits)(Brief Article)
December 1, 2004... Dutch private equity firm Glide Investment Management has sold Homann Feinkost, the German chilled and convenience foods specialists, to Henderson Private Capital for an undisclosed sum. A source close to the deal has put the price at...

ABN AMRO Capital exits twice.(Exits)(Brief Article)
December 1, 2004... ABN AMRO Capital has announced two exits in the space of two days. It has sold its majority stake in heat pump manufacturer IVT to BBT Thermotechnik, Bosch's heating products subsidiary and it has also sold De Dietrich to the De Dietrich...

Hicks Muse slips into Choo.(Exits)(Brief Article)
December 1, 2004... Hicks Muse has bought a majority shareholding in Jimmy Choo in a deal valuing the company at 101m [pounds sterling]. Phoenix Equity Partners has sold its 51% stake and Hicks Muse has also bought the share of former Jimmy Choo chairman Tommy...

CapMan and 3i exit Karelia.(Exits)(Brief Article)
December 1, 2004... CapMan and 3i have sold their ownership in floor manufacturer Karelia Corporation to Hartwall Capital. Karelia was the subject of a management buyout in 2000 when investors and management combined the two businesses of Oy Karelia Parketti and...

Bridgepoint sells Alcontrol to Candover.(Exits)(Brief Article)
December 1, 2004... Bridgepoint is believed to have made a 5x return on the sale of Alcontrol to Candover. Alcontrol, an analytical services company to the environmental and tbod sectors headquartered in the Netherlands, was snapped up by the Candover 2001 Fund...

DaimlerChrysler Venture sells portfolio to Cipio.(Exits)(Cipio Partners has acquired the total investment portfolio)(Brief Article)
December 1, 2004... Secondaries firm Cipio Partners has acquired the total investment portfolio of DaimlerChrysler Venture GmbH for an undisclosed sum. The portfolio comprises around seven investments in international technology, electronics and media...

Blackstone buys Gerresheimer Glas.(Exits)(Blackstone Group L.P. buys Gerresheimer Glas AG)(Brief Article)
December 1, 2004... Blackstone is to buy GerresheJmer Glas, the German packaging company, from Investcorp and JP Morgan Partners. The investment was made through the US$6.5bn (4.98bn [euro]) Blackstone Capital Partners IV fund. The sum was undisclosed but...

Careforce IPO.(Exits)(Careforce Group's initial public offerings )(Close Venture Management)(Brief Article)
December 1, 2004... Funds managed by Close Venture Management have realised a total of 4.5m [pounds sterling] (6.4m [euro]) following the successful flotation on AIM of investee company Careforce Group. The funds will retain an aggregate 23% stake in Careforce...

Strathdon exits BHR Consultants.(Exits)(Strathdon Investments sold BHR Consultants Limited)(Brief Article)
December 1, 2004... Strathdon Investments, the technology investment firm, has sold BHR Consultants Limited, the strategic HR consultancy, to Capital Consulting Limited. Under the terms of the transaction, Strathdon received a gross nominal consideration of...

Q3 maintains IPO recovery.(Exits)(Private equity-backed initial public offerings)(Illustration)
December 1, 2004... The UK's main market saw five IPOs n Q3 of the year, raising a combined 878m [pounds sterling] (1.25bn [euro]), bringing the total for 2004 to date to 12 IPOs raising total funds of over 2.1 bn [pounds sterling], according to research from...

When is an exit not an exit? When it's a recapitalisation. These transactions have been on the rise over recent months as private equity firms have sought to take advantage of a hot debt market and return cash to limited partners. But how much longer can the good times last?(Buyouts)
December 1, 2004... When Graphite Capital looked at its exit options earlier this year for Wagamama, the noodle bar chain that it invested in back in 1996, flotation seemed the most sensible and lucrative choice. "We wanted to realise our investment, but knew that...

LBO syndications arranged November.(Buyouts)
December 1, 2004... AA Target nation: UK Date announced: July 2004 Deal type: LBO Acquirer: CVC and Permira Total value: 1.75bn [pounds sterling] Mandated arranger: Barclays Financing: 1.3bn [pounds sterling] The structure of...

Refinancings.(Buyouts)(leverage recapitalisation)
December 1, 2004... Adisseo Adisseo's re-cut 220m [euro] supporting CVC Capital Partners leverage recapitalisation has launched, via mandated lead arrangers JP Morgan and RBS. The deal has been reduced from 250m [euro] and leverage cut by a turn-down to 2.5x...

Private equity-backed takeovers subject to EU Competition law.(Buyouts)
December 1, 2004... Ahold Private equity backer: Permira Business description: Retail business Deal value: 685m [euro] Notified: 22/10/04 Provisional deadline: 30/11/04 Cleared: n/a Permira has announced the acquisition by CMA Sarl,...

Interregnum hires.(People)(Interregnum PLC hires associate directors)(Brief Article)
December 1, 2004... Interregnum plc, the technology merchant bank, has appointed five associate directors--three new recruits and two promotions--to create a team of 14 professionals with technology industry and corporate finance advisory capabilities. The...

TTP chief retires.(People)(TTP Ventures retires executive chairman David Connell)(Brief Article)
December 1, 2004... David Connell, the executive chairman of TTP Ventures, a VC house specialising in tech investments, retired on November 15. Connell was chief executive of TTP Ventures from its formation in 1998 until 2002, when Gerry Fitzsimons took over as...

Close appoints.(People)(Close Asset Management Holdings Ltd appointed Graeme Muir as compliance director)(Brief Article)
December 1, 2004... Close Asset Management Holdings Ltd, the holding company for the asset management activities of Close Brothers Group plc, has appointed Graeme Muir as its compliance director. Muir joins from Singer & Friedlander where he has been director of...

Strathdon investments hires.(People)(Strathdon investments appointed Peter Cowley as chief scientific advisor)(Brief Article)
December 1, 2004... Technology investment firm Strathdon Investments plc has appointed Dr Peter Cowley as chief scientific advisor, a role which will see Cowley providing advice and support to Strathdon and its portfolio companies on areas relating to the...

Cinven appoints.(People)(CINVen appoints investment executives )(Brief Article)
December 1, 2004... Cinven has appointed five new investment executives to its London and Frankfurt teams. Valerio Massimo joins Cinven in London as a principal. Previously he was at TDR Capital in London, where he worked on a number of buyouts. Edward David joins...

New partner at Rutland.(People)(Rutland Partners promoted Jonathan Brooks as Partners)(Brief Article)
December 1, 2004... Jonathan Brooks has been promoted to partner at Rutland Partners, becoming the firm's sixth partner to date. Brooks joined Rutland in 1994 after qualifying as an accountant with Arthur Andersen and has worked on a variety of Rutland deals...

TVM recruits advisor.(People)(TVM Techno Venture Management L.P. appointed Dr. Christoph Schroder)(Brief Article)
December 1, 2004... Techno Venture Management has appointed Dr. Christoph Schroder as an entrepreneur in residence and senior advisor, effective November 1. He joins from JSB Partners, LP, a specialised transatlantic investment banking and advisory firm in the...

New Palamon partner.(People)(Palamon Capital Partners appointed Matthew Turner as partner)(Brief Article)
December 1, 2004... Palamon Capital Partners has appointed Matthew Turner as partner, effective from February 2005. He joins the firm from PPM Ventures where he was director in charge of group business development. He has over 15 years' experience in private...

Exec director at EMPEA.(People)(Emerging Markets Private Equity Association's executive director Sarah Alexander)(Brief Article)
December 1, 2004... The Emerging Markets Private Equity Association (EMPEA) has appointed Sarah Alexander, formerly a senior investment officer for Emerging Markets Partnership, as its first executive director. The EMPEA is a group of the world's leading private...

Deloitte treasury director.(People)(Deloitte Consulting L.L.P.'s new treasury director Karlien Porre)(Brief Article)
December 1, 2004... Deloitte has appointed a new director to its transaction services department to focus on treasury matters. Karlien Porre has over 13 years of treasury experience, gained in the treasury department of BT plc and as a treasury advisor with...

New KKR London head.(People)(Kohlberg Kravis Roberts and Co. appointed Johannes Huth)(Brief Article)
December 1, 2004... Kohlberg Kravis Roberts & Co.(KKR) has appointed Johannes Huth as head of its London office from early next year when Ned Gilhuly, who helped establish the office six years ago, returns to the United States. Huth will be responsible for...