European Venture Capital Journal articles from December 2005

European Venture Capital Journal archives from December 2005

A victimless crime? The collapse of futures broker Refco has made headline news but whether this will affect its investor Thomas H Lee Partners' fund raising remains to be seen especially given the firm's position in the top quarter of private equity firms.(Editorial)
December 1, 2005... The demise of Thomas H Lee Partner's August 2004 investment in Refco, the big American futures broker, thanks to the well-covered fraud perpetrated by Refco's recently departed CEO Philip Bennett, has generated a lot of comment. Thomas H Lee...

Understanding private investors.(Correction Notice)
December 1, 2005... In last month's issue (EVCJ November 2005, pages 12-13) the above article noted that Pantheon Ventures listed vehicle Pantheon International Participations (PIP) had posted an annual compound private equity return of 2.3% since inception in...

Managers wanted: management is the key to successful university spin-outs, says the British Venture Capital Association (BVCA) in a new report, but it is also the most challenging to deliver. Tom Allchorne looks at how spin-outs can attract and keep high-level entrepreneurs.
December 1, 2005... A new report conducted by Library House on behalf of the BVCA, called Creating Success from University Spin-outs, looked at how a technology can spin out and survive commercially, something that a significant number of them fail to do. A lack...

Renewed interest in Euro venture.
December 1, 2005... In October the French Technology Fund-of-funds (FTF) was launched with 150m [euro] and a couple of months earlier Germany's Wellington Partners reached final close on its third fund, raising 150m [euro] compared with its original target of 120m...

Pension Regulator plans: since the summer break the pensions issue has dominated the news and comments pages of much of the media. At the end of October the Pension Regulator, Tony Hobman, decided to weigh in with the publication of a consultation document outlining proposals covering how the body will intervene in the corporate pension crisis.
December 1, 2005... Only those companies that are incapable or unwilling to make up their pension deficits will be subject to the scrutiny, and the plans aim to put in place a series of triggers that will allow pension managers to calculate whether they are making...

Triple-track targets smaller businesses.
December 1, 2005... The dual-track process has been around for some time designed to attain the best possible exit price for a private equity portfolio company. A triple-track offering is now being touted, which combines the traditional dual exit strategy approach...

GIPS make French PE debut: French private equity managers AGF Private Equity and AXA Private Equity are the first firms in France to have their performance figures audited according to the Global Investment Performance Standards (GIPS.) The standards have so far had slow uptake from the private equity community across Europe.
December 1, 2005... Sarah Doyle of AGF Private Equity says: "Our intention is to adhere to the best quality international reporting standards. GIPS are also a way of reassuring investors that they benefit from transparent information which will help them in their...

Noble acquires Sitka.(Noble Fund Managers)
December 1, 2005... Following various VCT mergers and acquisitions in the last year and last month's news of UK mid-market firm Dunedin acquiring Sand Aire, Noble Fund Managers (NFM) has now acquired Sitka, the development capital firm focused on the healthcare...

Royal London renames.(Royal London Private Equity changes its name to RJD Partners)(Brief Article)
December 1, 2005... Royal London Private Equity has changed its name to RJD Partners following the takeover of the business by management. Under the new ownership structure, the four principals of RJD will hold 85% of the company, with the Royal London Mutual...

Corbett Keeling in tech advisory JV.(joint trading agreement with Plextek)(Brief Article)
December 1, 2005... Corporate finance advisory firm Corbett Keeling and Cambridge-based electronics design consultancy Plextek have entered into a joint trading agreement to advise on corporate finance transactions in the software and technology sectors. The two...

French insurers looking to invest 6bn [euro].(Brief Article)
December 1, 2005... French insurers are to invest over 6bn [euro] in private equity by 2007, according to Philippe Trainar, director at the Association of French Insurance Companies, in a speech at the CEFI Summit Europe 2005 in Paris. He said that contrary...

BoS backs Braveheart.(Bank of Scotland Corporate purchases stakes in Braveheart Investment Group plc)(Brief Article)
December 1, 2005... Bank of Scotland Corporate has purchased a 10% stake in early stage investor Braveheart Investment Group plc. This injection of funds values the firm at around 11m [pounds sterling]. The move underlines the bank's commitment over the years to...

EHYA joins TBMA.(European High Yield Association, Bond Market Association)(Brief Article)
December 1, 2005... The European High Yield Association (EHYA) is to integrate its activities with The Bond Market Association's (TBMA) European activities in London. London-based EHYA was established in 2001 and focuses on the development of the European high...

Russia attracts funds: the last month has seen the launch of two private equity funds targeting Russia and the Commonwealth of Independent States (CIS) region. The East Capital Explorer Financial Institutions Fund and the Russia New Growth Fund both look set to offer investors exposure to a region that traditionally carries a range of regulatory and practical hurdles for foreign investors.
December 1, 2005... The Russia New Growth Fund is a new venture, which has been set up specifically to target the region and has a target of between US$250m and US$300m. Troika Dialog, a Russian investment bank and Temasek Holdings, an Asia investment company...

Standard Life tops 1bn [euro].(Standard Life Investments Ltd.)(Brief Article)
December 1, 2005... * Standard Life Investments (SLI) has raised a total of l.225bn [euro] for its latest private equity fund-of-funds, European Strategic Partners 2004 (ESP 2004) and related segregated mandates. ESP 2004 was significantly oversubscribed and was...

Candover raises 3.5bn [euro].(Candover Investments PLC)(Brief Article)
December 1, 2005... * Candover has reached a final closing of the Candover 2005 Fund with total commitments of 3.5bn [euro], exceeding its original target of 3bn [euro]. The 2005 Fund, which was raised in just over six months, has received commitments from 106...

Doughtyreal estate 1st close.(Doughty Hanson Real Estate Fund II)(Brief Article)
December 1, 2005... * Doughty Hanson has held a first closing of its second real estate fund on 166.5m [euro], a few months after its official launch. The fund aims to reach a similar final amount as its predecessor, around 500m [euro], but no date for a final...

North East gets funds.(Brief Article)
December 1, 2005... * Technology businesses in the North East are set to benefit from a new 5m [pounds sterling] investment fund to be run by regional fund management firm NEL. The new fund is the successor to the North East Seed Capital Fund (NESCF), which...

Close seeks 35m [pounds sterling].(Close Venture Management to launch share issues for Close Brothers Technology & General VCT Plc)(Brief Article)
December 1, 2005... * Close Venture Management is launching a C share issue for Close Brothers Technology & General VCT plc to raise up to 35m [pounds sterling] of new money. Close Technology & General VCT has raised 14.4m [pounds sterling] from private investors...

Hambro closes fund 2.(JO Hambro Capital Management Private Equity)(Brief Article)
December 1, 2005... * The private equity arm of JO Hambro Capital Management, JOHCM Private Equity, has closed its second Trident fund on 64m [pounds sterling]. With a combination of both new and returning investors, Trident Private Equity Fund II will look to...

INCOM III seeks 100m [euro].(Dr Neuhaus Techno Nord launches technology fund)(Brief Article)
December 1, 2005... * German VC firm Dr Neuhaus Techno Nord has unveiled INCOM III Fonds, a new 100m [euro] technology fund. The European Investment Fund has committed 30m [euro] as an anchor investor. The main focus of the fund will mirror that of the preceding...

CapMan Buyout VIII first close.(Brief Article)
December 1, 2005... * CapMan has reached a first close on its eighth buyout fund at 312m [euro]. This is over three-quarters of the fund target set at 375m [euro]. CapMan Buyout VIII will invest in mid-market buyout transactions in the Nordic countries. A total of...

SG targets Eastern Europe.(SGAM Alternative Investments)(Brief Article)
December 1, 2005... * SG Asset Management's private equity arm, SGAM Alternative Investments, is launching a new 150m [euro] fund, which will target investment opportunities in the new EU countries and the candidates for accession. The fund is being launched on...

Franklin Templeton first close.(Franklin Templeton Institutional launches Franklin Templeton European Real Estate Fund-of-Funds)(Brief Article)
December 1, 2005... * Franklin Templeton Institutional has achieved a first close of the Franklin Templeton European Real Estate Fund-of-Funds, a private equity real estate fund, with initial commitments totalling 59.5m [euro] from a number of investors, including...

Platina raises 27m [euro].( )(Platina Finance and Santander Private Equity closes finance for Mistral Windfarms I)(Brief Article)
December 1, 2005... * Wind farm investors Platina Finance and Santander Private Equity have reached an interim close on 27m [euro] of Mistral Windfarms I (MWF.) Platina will manage the fund, which has a target size of 60m [euro], with Santander as a cornerstone...

East Capital fund launch.(East Capital Explorer Financial Institutions Fund)(Brief Article)
December 1, 2005... * East Capital is to launch the East Capital Explorer Financial Institutions Fund, a private equity fund with a focus on the banking sector in Russia and the CIS. The fund has a target size of between 300m [euro] and 350m [euro]. The new fund...

Alto raises 50m [euro].(Alto Partners doses Alto Capital II fund)(Brief Article)
December 1, 2005... * Milan-based private equity firm Alto Partners has dosed Alto Capital II on 50m [euro]. The fund attracted commitments from over 20 Italian investors including insurance companies such as Alleanza Assicurazioni, Assicurazioni Generali and...

g2i helps London start-ups.(Gateway2investment)(Brief Article)
December 1, 2005... Gateway2investment (g2i) has helped 100 London-based companies since its launch in September The initiative, backed by the London Development Agency (LDA), was set up to accelerate the growth and number of technology firms in London and...

VCTs raise FSA concerns.(SEED THROUGH EARLY STAGE)(Financial Services Authority )
December 1, 2005... The rapid growth of the VCT market and the tax breaks they benefit from have led to concerns at the Financial Services Authority (FSA), the UK regulator, that some investors are being attracted to VCTs without fully understanding what they are...

Online exchange launches.(Fundex International's Cavendish Management Resources websites)(Brief Article)
December 1, 2005... A new online stock market called FundEX, enabling smaller companies and entrepreneurs to raise capital inexpensively and without upfront cost, has been launched by CMR (Cavendish Management Resources). Companies looking for financing can...

3i sells Seventies investment: 3i has made a 20x return with the 81m [pounds sterling] sale of its minority stake in William Wilson. Tom Allchorne looks at how 3i is tidying up its portfolio.(3i Group PLC)
December 1, 2005... When 3i first got involved with William Wilson, a Scottish based supplier of electrical, plumbing, heating and building products, Edward Heath was British prime minister, the UK changed its currency from shillings to pounds, and the Industrial...

BancBoston Capital sells Unity Brands.(EXITS)
December 1, 2005... BancBoston Capital has realised its investment in specialist lingerie manufacturer Unity Brands, generating a return of six times its original investment. Financial details of the transaction were not disclosed. Managing director Tony...

EI celebrates Teta IPO.(EXITS)(Company Profile)
December 1, 2005... Enterprise Investors (EI) has floated Polish IT company Teta on the Warsaw Stock Exchange (WSE). EI has sold part of its stake in the IPO for more than PLN26m (US$7.7m), yielding a 2x investment multiple. Teta has raised an additional PLN5m...

ISIS EP makes gains for investors.(investments of ISIS Equity Partners)(Brief Article)
December 1, 2005... ISIS Equity Partners has delivered a combined IRR of 97g and money multiple of 3.1x to its investors following the completion of the 50m [pounds sterling] refinancing of Americana International and the 88m [pounds sterling] sale of MORI to...

3i makes 3x return on ERM.(3i Group PLC, Bridgepoint Capital, Environmental Resources Management Group Inc.)(Brief Article)
December 1, 2005... 3i is selling its stake in ERM, the environmental consultancy, to Bridgepoint in a deal worth US$535m. The sale will see 3i make a complete exit, selling its 52% stake in the business for US$250m of proceeds. This represents a three times...

Bridgepoint doubles on Panreac.(EXITS)(Brief Article)
December 1, 2005... Bridgepoint has sold Pancreac, a Spanish maker and supplier of quality chemicals for laboratory research and production, to 3i in a 48.5m [euro] transaction. Bridgepoint Europe I fund made a 2x return on the 1998 deal in which it took a 66%...

Summit acquires CBI.(Summit Partners, Control Break International)(Brief Article)
December 1, 2005... Control Break International (CBI), a developer of SafeBoot mobile data security and access control solutions, has received 39m [euro] backing from Summit Partners for a majority stake in the business. The transaction provides an exit for ABN...

Bridgepoint exits theatres.(EXITS)
December 1, 2005... Andrew Lloyd Webber is buying the 50% share of Really Useful Theatres owned by Bridgepoint for an undisclosed sum. Bridgepoint (at the time NatWest Equity Partners) and The Really Useful Theatre Group (Andrew Lloyd Weber's production and...

GIMV sells Omnistor.(to Thule)(Brief Article)
December 1, 2005... The German anti-trust authorities have approved the sale of Omnistor, the Belgian manufacturer of accessories for recreational vehicles, to Thule, the Candover-owned car rack company. The deal was originally announced in June but was subject to...

BPE exits Warner Howard.(Barclays Private Equity sale its shares of Warner Howard to PHS Group)(Brief Article)
December 1, 2005... Barclays Private Equity has made a 2.8x return following the sale of its share in Warner Howard, a UK hygiene and environmental services business, to PHS Group, a workplace services provider owned by Charterhouse Capital. Barclays Private...

Funcom poised to float.(Brief Article)
December 1, 2005... Funcom, a Norweigan venture-backed company that develops online games, is set to float on the Oslo Stock Exchange. The listing is subject to market conditions and final approval from the exchange, and will represent an exit for Nordic Venture...

RBS sells insurance houses.(EXITS)
December 1, 2005... Royal Bank of Scotland Equity Finance (RBEF) has sold its minority stakes in insurance firms Towergate Underwriting and Folgate Partnership to management and the businesses have merged to form Towergate Partnership Ltd. RBEF backed both...

EQT sells Bewator to Siemens.(EQT Finland B.V.)(Brief Article)
December 1, 2005... Bewator, a European supplier of products and systems for access security, is being sold to Siemens. The sale represents an exit for EQT Finland. Financial details on the transaction were not disclosed. EQT acquired 67% of Bewator from Mellby...

3i exits PL International.(EXITS)
December 1, 2005... 3i has sold its minority stake in PL International, a UK polymer specialist, to US company Varian, for 6.5m [pounds sterling] in a 23m [pounds sterling] transaction. The sale has generated an IRR of 41% for 3i. PL consists of three...

3i sells Interbrandpro.(3i Group PLC, Interbrandpro Holding)(Brief Article)
December 1, 2005... 3i, Richard Brewster and other shareholders are selling Interbrandpro Holding to EquiVest and Kinsky Capital in a secondary buyout transaction. The value of the transaction was undisclosed. 3i has made a 25% IRR on the investment. ...

IK buys Kwintet from Axcel.(Industri Kapital)(Brief Article)
December 1, 2005... Industri Kapital has bought Kwintet, a Danish-headquartered supplier of professional wear from a consortium led by Axcel for a reported value of 400m [euro]. Axcel and co-investors, including LD and Wenaas Holding, invested in Kwintet in 1999...

CGS exits Bourdon-Haenni.(CGS Management, Baumer Group)(Brief Article)
December 1, 2005... Swiss-based buyout specialist CGS Management has sold its investment in Bourdon-Haenni to Baumer Group. This transaction represents the second successful exit for CGS Management within the last six months. Financial details of the transaction...

Bridgepoint gets out of Kaffee Partner.(Kaffee Partner to Odewald & Compagnie, Bridgepoint Capital)(Brief Article)
December 1, 2005... Bridgepoint is to sell its stake in German coffee and water dispenser supplier Kaffee Partner to Odewald & Compagnie for an undisclosed sum. The money multiple on the transaction is three times the original amount. The transaction is subject to...

KKR acquires Selenia.(EXITS)
December 1, 2005... KKR is to acquire Italy-based FL Selenia SpA from Vestar Capital Partners in a tertiary buyout valued in excess of 835m [euro]. The transaction is subject to regulatory clearances. Vestar Capital Partners acquired the business from Doughty...

EI exits Orange Slovensko.(Enterprise Investors Polish Enterprise Fund IV, France Telecom, acquisition deal)(Brief Article)
December 1, 2005... Enterprise Investors' Polish Enterprise Fund IV (PEF IV) has sold all of its shares of Orange Slovensko as, Slovalda's largest mobile telephone operator, to France Telecom. PEF IV has realised 3.6 times its original investment in Orange...

Imperial sells Toumaz.(Imperial Innovations, Toumaz Technology)(Brief Article)
December 1, 2005... Imperial Innovations, the technology com mercialisation company of Imperial College London, has sold Toumaz Technology, a UK semiconductor comp-any. Toumaz, which is valued at 17.7m [pounds sterling], is now a wholly-owned subsidiary of ...

AXA Private Equity sells Tokheim.(Brief Article)
December 1, 2005... AXA Private Equity has sold Tokheim in a secondary buyout transaction to Electra Partners Europe for 60m [euro]. AXA acquired a 94% stake in the business in an MBO in April 2003 for an undisclosed sum. Management held the remaining 6% stake,...

NC sells Ahlsell.(Nordic Capital)(Brief Article)
December 1, 2005... Nordic Capital has sold Ahlsell, a distributor of installation-related products, to Cinven and Goldman Sachs Capital Partners in a secondary buyout transaction. The parties have agreed not to disclose the transaction value. Nordic Capital...

CombinatoRx IPO for GLSV.(EXITS)
December 1, 2005... CombinatoRx, a VC-backed US biotech company, has listed on NASDAQ with a market cap of US$162m. Venture backers include Adams Street Partners, BioVentures Investors Limited Partnership II, Boston Millennia Partners, Canaan Partners, China...

SThree floats.(Brief Article)
December 1, 2005... SThree, a private equity-backed ICT stating business, has floated on the London Stock Exchange achieving a market capitalisation of 275.9m [euro]. Shareholders 3i, Barclays Private Equity, Gresham and Parallel Ventures are reported to have made...

Moliflor goes to Bridgepoint.(Moliflor Loisirs, Bridgepoint Capital, acquisition deal)(Brief Article)
December 1, 2005... French casino operator, Moliflor Loisirs has been acquired by Bridgepoint for an undisclosed sum in a tertiary buyout from Legal & General Ventures (LGV) and Royal Bank Equity Finance, formerly Royal Bank Private Equity (RBPE). LGV and...

Equita sells Neumayer Tekfor Group.(Brief Article)
December 1, 2005... Equita has sold Neumayer Tekfor GmbH to Barclays Private Equity in a secondary buyout. Financial details of the transaction were not disclosed. Equita KGAA, an investment firm with backing from the Harald Quandt family and the Neumayer founding...

BancBoston sells Kongsberg shares.(BancBoston Capital Inc., Kongsberg Automotive A/S)(Brief Article)
December 1, 2005... BancBoston Capital has sold more of its shares in Kongsberg Automative, a Norwegian maker of car parts, which listed on the Oslo Stock Exchange in June 2005. BancBoston has sold 94% of its stock in total, through a May private placement and via...

PPTH sale delayed.(EXITS)(Brief Article)
December 1, 2005... CapMan's exit of PPTH, the Finnish provider of steel structures and solutions to the building and construction industry, has been delayed due to further investigations commenced by the Finnish Competition Authority (FCA). The sale to Ruukki...

Dunedin makes 4x return on aim float.(Dunedin Capital Partners Ltd.)(Brief Article)
December 1, 2005... Dunedin's listed Investment vehicle Dunedin Enterprise Investment Trust has placed portfolio company Davenham Group on London's AIM market. The British asset-based lender opened on 254 pence per share, giving it a market capitalisation of...

SGAM makes gain on Microlink.(SG Asset Management)(Brief Article)
December 1, 2005... SG Asset Management's private equity arm, SGAM Alternative Investments, has sold Microlink, the fund's last holding, to the three Baltic telecom operators generating a 2x return. Microlink, is headquartered in Estonia and received financial...

MB Funds exits A-Inspection.(Brief Article)
December 1, 2005... MB Funds is selling A-Inspection to Bridgepoint in a secondary buyout transaction. Financial details of the transaction were undisclosed. MB Funds acquired A-Inspection (formerly Finnish Motor Vehicle Inspection Ltd), a company offering vehicle...

Eau Ecarlate in PE hands again.(AXA Private Equity)(Brief Article)
December 1, 2005... Eau Ecariate has landed in private equity hands for the fourth time following its acquisition by AXA Private Equity from Natexis Industrie and Barclays Private Equity. Financial details of the transaction were undisclosed. Natexis...

LBO syndications arranged to November.(leveraged buyouts)
December 1, 2005... COMPANIES IN THIS SECTION ALPHYRA BUFFALO GRILL CORAL EUROBET CORTEFIEL CPI FCI GRUPO COIN GUS HOLLAND HOLDING HOFMANN MENU ISS JET AVAIATION JOST-GRUPPE Alphyra TARGET NATION:...

Refinancing.(BUYOUTS)(venture capital companies)
December 1, 2005... COMPANIES IN THIS SECTION AZELIS DINOSOL SUPERMERCADOS DYNEA INT GROUP FERRETTI PETORPLUS PHARMACIA DIAGNOSTICS SCHWAEBISCHE SYMRISE VIVARTE Azelis TARGET NATION: ITALY DATE ANNOUNCED:...

Private equity-backed takeovers subject to EU competition law.(BUYOUTS)(Company Profile)
December 1, 2005... COMPANIES IN THIS SECTION FCI FITNESS FIRST FRANS BONHOMME GUS HOLLAND HOLDING JEFFERSON SMURFIT FCI PRIVATE EQUITY BACKER: BAIN BUSINESS DESCRIPTION: PRODUCTION AND DISTRIBUTION OF CONNECTORS DEAL...

Taking a view: Feri.(Company Profile)
December 1, 2005... What are German institutions' attitudes to private equity investment? There are very few large German institutions with significant private equity investments. This is due to several reasons: the lack of a major capital-based pension...

Lafond leaves Add.(PEOPLE)
December 1, 2005... Sebastien de Lafond, co-founder of UK venture house Add Partners, has left the firm after six years. Saying it was a difficult decision, de Lafond is leaving to "pursue other interests", leaving Jim Martin and Maisy Ng, his co-founders, in...

Beringea promotes.(Jeff Cornish, Trevor Hope and Jamie Kennell)(Brief Article)
December 1, 2005... Beringea Limited, the manager of the ProVen VCTs and Global Rights Private Equity Funds, has promoted Jeff Cornish, Trevor Hope and Jamie Kennell to director. Cornish has been with the firm since 2004 and is responsible for raising funds...

CBCM appts.(Commerzbank Corporates & Markets appointments)(Brief Article)
December 1, 2005... Commerzbank Corporates & Markets (CBCM) has strengthened its leveraged finance team with six new faces. The new appointments include analysts Catherine Baulamon, Laurent Oriol and Cedric Probst. Baulamon joins from Matlin Patterson...

O'Melveny hires.(O'Melveny & Myers, Christopher Ashworth)(Brief Article)
December 1, 2005... Law firm O'Melveny & Myers has recruited Christopher Ashworth as a partner in its transactions department in the firm's London office. Ashworth, who until recently was the head of the corporate department at Ashurst, where he had practiced for...

CalPERS chief to Hermes.(Hermes Pensions Management Ltd., Mark J. P. Anson, California Public Employees' Retirement System )(Brief Article)
December 1, 2005... Hermes Pensions Management has named Mark JP Anson, the chief investment officer of the California Public Employees' Retirement System (CalPers), as the successor to Tony Watson as chief executive of Hermes, when Watson retires at the end of...

Hitec hires.(PEOPLE)
December 1, 2005... Norwegian firm HitecVision Private Equity AS has appointed Pal M Reed as partner. Reed is educated from the Norwegian School of Economics and Business Administration and the universities of Oslo, Bergen and Paris, and has experience from the...

Hotbed hires.(Christopher Holdsworth appointed)(Brief Article)
December 1, 2005... Christopher Holdsworth Hunt, co-founder of corporate broking firm Peel Hunt & Co, has joined the board of Hotbed, a UK company specialising in the supply of alternative asset investment opportunities to high net worth individuals. ...

SG appts.(Societe Generale Alsacienne de Banque appointed Thierry Martet)(Brief Article)
December 1, 2005... Societe Generale has made Thierry Martet head of its new Italian leveraged finance unit based in Milan. He moves from Paris, where he has been a director in SG corporate & investment banking's leverage team since 1999. The new division will...

BioMedinvest adds.(Bert SJ van Toor appointed)(Brief Article)
December 1, 2005... BioMedinvest, the Swiss-based healthcare venture fund, has added Dr Bert SJ van Toor to its investment team as a partner. Previously, he was a principal at Global Life Sciences Ventures (GLSV) and, as a board member of Glycart Biotechnology,...

Phoenix promotes.(PEOPLE)
December 1, 2005... Phoenix Equity Partners has made Andrew Deakin a partner. He joined Phoenix from Deloitte corporate finance in 2001.

CapMan promotes.(Jerome Bouix appointed)(Brief Article)
December 1, 2005... Jerome Bouix has been appointed as a member of the management group of CapMan and will be responsible for fundraising and investor relations. The recruitment coincides with an internal restructuring at CapMan. Functions related to fundraising,...

3i Italy MD.(Marco Fumagalli appointed)(Brief Article)
December 1, 2005... 3i has named Marco Fumagalli as MD of 3i Italy. Fumagalli began his career with 3i Italy in 1996 and subsequently spent one year with the firm in the UK before returning to Milan, where he worked on such deals as Datamat, Novuspharma, Newron,...

Corsair appts.(Corsair Capital appoints Luqman Amold)(Brief Article)
December 1, 2005... Luqman Amold, the former chief executive of Abbey National, has joined Corsair Capital, the UK private equity firm focused on the financial services sector, as a partner following the announcement that the firm plans to open a London office....

BrainHeart hires.(BrainHeart Capital AB appoints Anders Bjorkman)(Brief Article)
December 1, 2005... Anders Bjorkman has joined BrainHeart Capital as investment manager and COO. He joins from Argnor Wireless Ventures, where he was CEO and in charge of investments. He has over 20 years' experience in the international telecoms industry,...

ICG new MDs.(Intermediate Capital Group appoints four new managing directors)(Brief Article)
December 1, 2005... Intermediate Capital Group, the UK-headquartered mezzanine provider, has appointed four new managing directors to join Tom Atwood: Christophe Evain, Francois de Mitry, Andrew Phillips, and Paul Piper. The company has also formed a...

Paul Hastings hires.(Paul, Hastings, Janofsky & Walker L.L.P. appoints Kathryn Brown)(Brief Article)
December 1, 2005... Law firm Paul, Hastings, Janofsky & Walker LLP (Europe) has recruited Kathryn Brown, previously at Milbank, Tweed, Hadley & McCloy, as a partner in the firm's corporate department in the London office. She will focus on private equity...

PwC adds.(PricewaterhouseCoopers appoints Andrew Jurczynski )(Brief Article)
December 1, 2005... PricewaterhouseCoopers has appointed Andrew Jurczynski as a financial services partner in its valuation & strategy practice. Jurczynski previously worked at AT Kearney, where he was vice-president in the financial institutions group. Prior to...