European Venture Capital Journal articles from September 2004

European Venture Capital Journal archives from September 2004

Polish government to launch venture fund.(News Analysis)
September 1, 2004... By the end of August, the Polish Government will have tabled a bill for the creation of a state-owned fund call the Krajowy Fundusz Kapitaowy (KFK) or the National Capital Fund. The vehicle's purpose will not be a profit-making one; instead it...

Recruitment drive set to continue.(News Analysis)
September 1, 2004... Anyone who has been reading the People section of evcj or has browsed through the various job sections of newspapers and websites over the last six months will have noticed how busy the private equity recruitment market is at the moment. On the...

UK spin-outs feel pinch of tax ruling?(News Analysis)
September 1, 2004... The number of university spin-outs has slowed markedly in the last year. The main reason for this is last year's amendment to the Finance Act which is deterring the involvement of academics in these businesses. Before July 2003 academics who...

VCs play dominant role as LSE's IPO markets pick up.(Venture capital)(London Stock Exchange)(Initial Public Offering)
September 1, 2004... Much has been made of the general uplift in IPO activity, which really got under way during Q2 this year, across a number of European stock exchanges. PricewaterhouseCoopers' IPO Watch notes that in Q2 this year there were a total of 95...

Exponent reaches final close.(Funds)(Brief Article)
September 1, 2004... Exponent Private Equity has reached a final close on its first fund, Exponent Private Equity Partners, with commitments of 400m [pounds sterling]. The fund has been raised just live months after the private placement memorandum was first issued...

Fund raising support service lanched.(News)(Brief Article)
September 1, 2004... A former placing agent has launched a new private equity fund raising service. Sarah Clarke, previously with Helix Associates, has set up Foundation Fundraising Services (Ffs) to provide advice and preparation services to general partners...

University spin-outs: could do better?(News)
September 1, 2004... UK universities are failing to capitalise on the rewards to be gained from creating entrepreneurial spin-out companies, according to research undertaken at Nottingham University Business School and funded by the Economic and Social Research...

Carlyle fund raises and loses Major.(Funds)(Brief Article)
September 1, 2004... The Carlyle Group is out fund raising for its next European fund with a target of 2bn [euro] and is reported to have confirmed that its European chairman, former UK Prime Minister John Major, stepped down from his role with the firm in May....

Baronsmead VCT offers innovative incentive.(Funds)(Brief Article)
September 1, 2004... Baronsmead VCT, managed by ISIS, is offering an early bird bonus to investors who sign up early to the Baronsmead VCT 2 plc latest fund raising. The Venture Capital Trust (VCT) aims to raise an extra 20m [pounds sterling] and will offer an...

SVG Diamond Private Equity launches.(Funds)(Brief Article)
September 1, 2004... SVG Capital (formerly Schroder Ventures Group), which operates a fund-of-funds business, is currently book building for its 260m [pounds sterling] Collateralised Fund Obligation (CFO), called SVG Diamond Private Equity plc, which will be listed...

AXA PE moves step closer in Credit Agricole deal.(News)(Brief Article)
September 1, 2004... AXA Private Equity is close to agreeing a deal to buy part of Credit Agricole's private equity portfolio--see EVCJ July/August. page 6. More details have now emerged and the assets total around 600m [euro], with 200m [euro] of direct...

LGV closes fund and separates French and UK businesses.(News)(Legal & General Ventures)(Brief Article)
September 1, 2004... Legal & General Ventures (LGV) has closed its fourth private equity fund with commitments in excess of 180m [pounds sterling]. This is an increase of 17% on LGV's previous fund. The fund has attracted six new LPs, bringing the total number to...

XAnge in ABN AMRO merger.(News)(Brief Article)
September 1, 2004... The venture arm of ABN AMRO Capital France has merged with XAnge Capital, the private equity business of La Poste, the French state-owned post office. The merger will leave XAnge controlling the portfolio, less than 15 months after it was...

CapMan reaches first close on Mezzanine IV.(Funds)(Brief Article)
September 1, 2004... Nordic private equity house CapMan has reached a first close on its fourth mezzanine fund, CapMan Mezzanine IV, at 105m [euro]. The fund's focus will be mid-market buyouts in the manufacturing, service and retail industries, mainly in the...

Second close on Iris Capital's second fund.(Funds)(Iris Capital)(Brief Article)
September 1, 2004... Iris Capital, a pan European venture fund, has reached second close on Iris Capital Fund II at 144m [euro] following a first closing in December at 100m [euro]. Backed by cornerstone investors CDC and a consortium led by ERGO Equity...

VCT consolidation underway?(News)( venture capital trust )
September 1, 2004... Continuing the long-awaited consolidation of the venture capital trust (VCT) sector, VCF Partners, the technology investment firm which manages the Foresight Technology VCTs, has acquired Advent Fund Managers, the VCT management business of...

UK private equity gets boost from private investors.(News)(Brief Article)
September 1, 2004... A 1.5bn [pounds sterling] increase in city bonuses is boosting private investor allocation to venture capital in the UK, according to private equity network, Hotbed. City professionals are said to view private equity and commercial property as...

CAD III throws banks PE lifeline.(News)
September 1, 2004... The third Capital Adequacy Directive (CAD III), which will implement the Basel II Accord. has significantly reduced the level of capital that banks must hold against their private equity commitments provided that private equity exposure is part...

Healy opens Hellman & Friedman's London office.(News)(Brief Article)
September 1, 2004... Patrick Healy and Blake Kleinman, managing director and associate, respectively, of Hellman & Friedman, have moved from the firm's San Francisco base to London to set up a European operation, based in London's West End. Healy led the four...

ISIS and F&C merge.(News)(Brief Article)
September 1, 2004... ISIS and F&C have merged. Friends Provident will become a 51% majority shareholder of the enlarged group. The enlarged group will adopt F&C's corporate name and brand. The merger will have minimal impact on the group's private equity...

Final close for Cape Natexis fund.(Funds)(Brief Article)
September 1, 2004... Cimino & Associati Private Equity and Natexis Cape have reached a final close on the Cape Natexis Private Equity Fund at 120m [euro], exceeding the original target of between 80m [euro] and 120m [euro]. Commitments have come from both Italian...

Poteza holds final close on Adriatic Fund.(Funds)(Brief Article)
September 1, 2004... Slovenian private equity firm Poteza has reached a final close on its Adriatic Fund at 66.5m [euro]. The fund was launched in May 2003 and held a first close in August with 30m [euro]. It will concentrate on company buyouts, restructurings and...

NVM reopens 3rd VCT.(Funds)(Northern Venture Managers )(Brief Article)
September 1, 2004... Northern Venture Managers is to reopen Northern 3 VCT pie to allow up to a further 20m [pounds sterling] in funds to be raised. The additional capital will enable the trust, which has already raised over 20m [pounds sterling] since its launch...

Investitori Associati closes 4th fund.(Funds)(Brief Article)
September 1, 2004... Italian Investitori Associati has closed its fourth fund above target on 700m [euro], exceeding its original target of 600m [euro]. Original investors in the firm's previous fund committed 400m [euro] and new investors committed 300m [euro]....

Pantheon closes on $900m.(Funds)(Brief Article)
September 1, 2004... Pantheon, new part of Russell, has closed its latest global secondaries fund on $900m. The fund raising for Pantheon Global Secondary Fund II (PGSF II) took less than nine months. Some 60 investors from the US, the UK, Continental Europe,...

Duke Street launches 3rd CDO.(Funds)(Brief Article)
September 1, 2004... Duke Street Capital Debt Management (DSCDM) has successfully closed its third fund at 450m [euro]. Duke Street Capital sold Duke Street Capital Debt Management to David L Babson earlier this year, The fund is the first raised under the new...

Final close for EQT IV.(Funds)(Brief Article)
September 1, 2004... EQT has reached a final close on EGT IV at 2.5bn [euro], exceeding its original target of 2bn [euro], just six months after its launch. Commitments came from EQT's existing investors and new international institutional investors. The fund's...

Accent Equity Partners fund closes.(Funds)(Brief Article)
September 1, 2004... Accent Equity Partners, which grew out of the merger of Nordico and Euroventures in April last year, has announced the final closing on its first fund, called Accent Equity Partners 2003. The target of 200m [euro] was capped at 250m [euro] and...

Auda closes secondary fund.(Funds)(Brief Article)
September 1, 2004... New York-based Auda Advisor Associates has closed a $410m secondaries fund, called Auda Secondary Fund LP, which will invest in buyout, venture and mezzanine positions. While the majority of this latest fund raising is expected to find a home...

Apax starts Apax Europe VI.(Funds)(Brief Article)
September 1, 2004... Apax Partners has begun fund raising for its sixth fund, Apax Europe VI, with an expected target of up to 4.5bn [euro]. Apax does not yet have a timetable in place for closings but the admission it has begun issuing fund raising documents is...

Phoenix sells HPI.(Exits)(Brief Article)
September 1, 2004... Phoenix Equity Partners has sold car status information provider HPI to Aviva, a subsidiary of Norwich Union Plc for 120m [pounds sterling], in just over a year since its original investment. Phoenix acquired HPI in a secondary buyout from 3i...

Imagesound lists on AIM.(Exits)(Brief Article)
September 1, 2004... Quester portfolio company Imagesound has listed on AIM through a reverse takeover of cash shell Advance Capital Invest (ACI). The transaction has been given full approval by shareholders and ACI has been renamed Imagesound. In addition to...

LDC sells Prologic.(Exits)(Prologic plc)(Brief Article)
September 1, 2004... LDC has sold its 40% stake in Prologic, a UK software company for the fashion and lifestyle sectors, for 4.1m [pounds sterling]. The stake was acquired by holding company Prologic plc, which subsequently floated on the London Stock Exchange's...

GIMV sells Scottish food group to Young's Bluecrest.(Exits)(Brief Article)
September 1, 2004... Belgian private equity firm GIMV has sold its 34% stake in Macrae Food Group, a Scottish-based specialist in ready-to-eat seafood products. The business was bought by CapVest Equity Partners' portfolio company Young's Bluecrest, the largest...

Premier Foods IPO signals PE exit.(Exits)(Initial Public Offerings)(Private Equity)(Brief Article)
September 1, 2004... UK food manufacturer Premier Foods has listed on the London Stock Exchange valued at just over 527m [pounds sterling] compared with its original 607m [pounds sterling] plans. The company, owned by Hicks, Muse, Tate & Furst (HMTF), had...

Fives-Lille in secondary buyout.(Group Fives-Lilies )(Brief Article)
September 1, 2004... Industri Kapital has sold its controlling stake in industrial engineering group Group Fives-Lilies (GFL) to Barclays Private Equity France and GFL's management for just under 300m [euro]. Including the group's 135m [euro] recapitalisation in...

ABN AMRO Capital makes first Spanish exit.(Exits)
September 1, 2004... ABN AMRO Capital has made its first exit in Spain with the sale of industrial cleaning services company, UNICA. UNICA has been sold to the Spanish subsidiary of Danish cleaning and general services company ISS for 73m [euro]. This generated a...

RBS funds Nightfreight secondary buyout.(Royal Bank of Scotland)(Brief Article)
September 1, 2004... Royal Bank of Scotland Debt Ventures has provided funding to enable Nightfreight Group, an overnight carrier for non-standard freight items, to complete an 89m [pounds sterling] secondary management buyout. The deal sees original investor...

Doughty Hanson sells Dunlop.(Mergers, acquisitions and divestments)(Dunlop Standard Aerospace)(Brief Article)
September 1, 2004... Doughty Hanson has agreed to sell Dunlop Standard Aerospace, the defence and aerospace parts and services provider, for $1.45bn (1.17bn [euro]) to the Carlyle Group and UK engineering company Meggitt plc, which will split the company. The...

MB Funds sell stake in Engel Group.(Exits)(Brief Article)
September 1, 2004... Finnish investor MB Funds has sold its share in the Engel group to ISS Suomi for 192m [euro]. The transaction is subject to the approval of the Finnish antitrust authorities. MB Funds acquired the Engel Group from the government for an...

Alchemy exits Four Seasons.(Exits)(Four Seasons Group)(Brief Article)
September 1, 2004... Alchemy Partners is to sell the Four Seasons Group, the biggest privately-owned nursing home operator in the UK, for 775m [pounds sterling], earning the firm over 300m [pounds sterling], more than 4x its original investment. The company...

Inflexion exits Ster Century.(Exits)(Brief Article)
September 1, 2004... Inflexion Private Equity has sold its interest in UK cinema group Ster Century to unnamed financial backers, thought to include both debt, mezzanine and equity interests. The sale represents the first exit from Inflexion's fund 2, which held a...

GIMV exits Belgian metallurgical company.(Exits)(Brief Article)
September 1, 2004... GIMV, the Belgian private equity firm, has agreed to sell its 12.5% stake in BMT, a Belgian metallurgical company, to SMH NV for 125 [euro] per share. SMH already holds a 39.6% interest, and this full exit by GIMV will yield a capital gain...

Bridgepoint exits OyezStraker.(Exits)(Brief Article)
September 1, 2004... Hermes Private Equity has backed an 80m [euro] management buyout of UK office supplies company OyezStraker Group from Bridgepoint. Bridgepoint said it has made a 3x return on its investment, which began in 1993 when it acquired Straker...

Gresham out of uniform.(Johnson Service Group plc)(Mergers, acquisitions and divestments)(Brief Article)
September 1, 2004... Gresham has made a successful exit from its December 2000 investment in Dimensions Holdings, a corporatewear supplier to the retailing sector. Gresham has sold its interest in the business to Johnson Service Group plc for a consideration of up...

Bridgepoint makes gain on Navimo sale.(Exits)(Brief Article)
September 1, 2004... Duke Street Capital has purchased Navimo, the largest pan-European provider of equipment and accessories to the recreational marine sector, from Bridgepoint Capital for a reported 120m [euro]. The deal is subject to approval from the...

Israeli tech company bought by Cisco.(Exits)(Brief Article)
September 1, 2004... Cisco Systems has acquired California-headquartered company Actona Technologies for $100m (81m [euro]) from a consortium of private equity funds and a business development company. Sequoia Capital Israel provided $2m of start-up capital in...

Cozart IPOs on AIM.(Exits)(Alternative Investment Market)(Brief Article)
September 1, 2004... Medical diagnostics company Cozart has floated on the London Stock Exchange's Alternative Investment Market, providing an exit route for its venture investors PiCapital, Yorkshire Fund Managers and Avlar BioVentures. The company completed...

Spirit Group sells Premier Lodge.(Exits)(Mergers, acquisitions and divestments)(Brief Article)
September 1, 2004... Spirit Group, backed by a consortium led by Texas Pacific Group, Blackstone, CVC Capital Partners and Merrill Lynch Global Private Equity, has sold its Premier Lodge budget hotels to Whitbread, which will merge them with Travel Inn to create a...

CVC sells Kalle Holding to Montagu.(Exits)(Brief Article)
September 1, 2004... CVC Capital Partners has agreed to sell Kalle Holding, a German manufacturer of artificial sausage casings, to Montagu Private Equity. The sale is expected to be completed before the end of August 2004, and while no official price was released,...

ARGUS realises FiberNet investment.(Exits)(ARGUS Capital Partners)(Brief Article)
September 1, 2004... ARGUS Capital Partners has sold FiberNet, a Hungarian cable television company, to Warburg Pincus for $72m including new funding to grow the business. The exit delivers an attractive return for ARGUS. FiberNet was established in 1999 when...

NewMedia SPARK divests Pricerunner.(Exits)(Brief Article)
September 1, 2004... Listed VC NewMedia SPARK has sold portfolio company Pricerunner to Valueclick in the US for around $36m, of which $6m is subject to performance targets. This is the first exit from an early stage investment for NewMedia SPARK. At the interim...

Argos Soditic exits Italmatch.(Exits)(Argos Soditic)(Italmatch Chemicals)(Brief Article)
September 1, 2004... Argos Soditic, Iniziativa Piemonte and the management of Italmatch Chemicals have sold the business to Investindustrial in a secondary buyout transaction for an undisclosed enterprise value. Argos Soditic bought into the business in April 2001,...

3i sells Morning Noon & Night.(Exits)(Brief Article)
September 1, 2004... 3i has sold its investment in Morning Noon & Night, the UK convenience store chain, for 8m [pounds sterling], having backed the business with 300,000 [pounds sterling] of seed capital in 1991. The company was sold to Scot-mid, generating an IRR...

Bridgepoint exits Western Wines.(Exits)(Brief Article)
September 1, 2004... Bridgepoint has sold its stake in Western Wines, the largest independent wine importer and distributor in the UK, in a 133m [pounds sterling] deal and making more than twice the money invested. The company, which owns the South African...

Palletways goes to Phoenix Equity Partners.(Exits)(Brief Article)
September 1, 2004... 3i has sold its interest in Palletways to Phoenix Equity Partners for an undisclosed sum as part of a secondary buyout transaction. 3i, which bought the business in April 2002 for 12m [pounds sterling], says its investment in Palletways has...

Expo exits via reverse takeover.(Exits)(Roshni Investments)(Expo Communications)(Brief Article)
September 1, 2004... Penta Capital, the Glasgow-based fund manager, has exited Expo Communications via an admission to the London Stock Exchange's Alternative Investment Market whereby Expo Communications undertook a reverse takeover of Roshni Investments, the...

ASSE division sale for Alchemy.(Exits)(Alchemy Partners)(Air-Sea Survival Equipment Ltd.)(Brief Article)
September 1, 2004... Montagu Private Equity has acquired the Survitec Group in a 146m [pounds sterling] deal from Alchemy Partners. The Northern Ireland-based company will retain the current management team, who will be joined by Montagu's Simon Pooler and...

Close Brothers sells Hillarys Blinds.(Exits)(Close Brothers Private Equity)(Brief Article)
September 1, 2004... Close Brothers Private Equity (CBPE) has sold its 45% stake in Hillarys Blinds, a UK supplier of domestic made-to-measure window blinds, in a 115m [pounds sterling] deal. Close Brothers Private Equity VI made a 4x return on the sale to Change...

Cyclacel shelves IPO plans.(Exits)(initial public offerings)(Brief Article)
September 1, 2004... Cyclacel, the Scottish cancer therapy company, has abandoned plans for a dual float on the London Stock Exchange and the New York Stock Exchange. Cyclacel's venture capital backers include BankInvest Group AS, Bio * One Capital, Dresdner...

AMJPE exits Webfell Group.(Exits)(Aberdeen Murray Johnstone Private Equity)(Brief Article)
September 1, 2004... Aberdeen Murray Johnstone Private Equity has sold west Yorkshire-based Webfell Group, a waste management company, to asset-based lender Enterprise Finance Europe (EFE) in a secondary buyout transaction. The deal will provide the MBO team;...

ABN AMRO Capital partial exit.(Exits)(Brief Article)
September 1, 2004... ABN AMRO Capital has made another partial exit from its investment in the French industrial holding company De Dietrich et Cie, which it bought as part of a public-to-private (PtP) transaction in July 2000, for some 420m [euro]. This time the...

3i sells Malmberg to Sanoma.(3i Group PLC)(Malmberg Investments)(Sanoma WSOY)(Brief Article)
September 1, 2004... 3i has sold its investment in Malmberg Investments, the educational publisher of schoolbooks, CD Roms and Internet applications, to SanomaWSOY Group's WSOY division for 221.9m [euro]. 3i bought the Malmberg Investments business back in August...

Segulah acquires Swedish IT company.(Exits)(Brief Article)
September 1, 2004... Nordic private equity firm Segulah has bought HMS Industrial Networks, a Swedish-headquartered developer and manufacturer of industrial IT products, for an undisclosed sum. The 92m [euro] Segulah II fund has purchased 60% of the company...

Alchemy sells Paramount Hotels.(Exits)(Brief Article)
September 1, 2004... Alchemy Partners has sold its 1998 investment in Paramount Hotels to Dawnay Shore Hotels for 215m [pounds sterling], which equates to a profit for Alchemy of 67m [pounds sterling], or 2.4x money invested. Alchemy first invested in Paramount...

Graphite sells paperchase to borders.(Exits)(Brief Article)
September 1, 2004... Graphite Capital has sold its interest in Paperchase, the UK stationery and greetings cards retailer, to Borders Group Inc, the US-based global book, music and movie retailer. The deal values Paperchase at 18.6m [pounds sterling]. It brings...

Private equity backed IPOs July/August.(Exits)(Brief Article)(Illustration)
September 1, 2004... Private equity backed IPOs July/August Date of VC Listing investment(s) Company Investor(s) location August 1999 Premier Foods Hicks, Muse, ...

Safety-Kleen in secondary buyout.(Exits)(Brief Article)
September 1, 2004... Electra Partners Europe has sold its interest in Safety-Kleen to JP Morgan Partners in a secondary buyout worth 280m [pounds sterling]. Electra Partners bought a 56% interest in Safety-Kleen Europe from Safety-Kleen Corp of the US in December...

BA Capital Partners sells Alfatherm.(Exits)(Brief Article)
September 1, 2004... BA Capital Partners Europe has sold its interest in Alfatherm, a European calendared PVC film manufacturer, which sells to the food, pharmaceutical packaging, furniture and stationery industries, to PM & Partners in a secondary buyout...

UK pensions Bill amendments spell bad news for private equity firms.(Buyouts)
September 1, 2004... The private equity industry is locking horns with the UK Government over proposed amendments to the new Pensions Bill. Buyout experts claim the changes will remove their limited liability to companies with defined benefit pension schemes and...

Euro leveraged loan market at record high.(Buyouts)(Brief Article)
September 1, 2004... European leveraged loan market volumes are at their highest since Standard & Poor's (S&P) started tracking the data in 1999. S&P data recorded so far this year shows that leveraged loan volume in the first half of this year was 235.4bn [euro]....

LBO syndications arranged in July/August.(Buyouts)(Leveraged buyouts)
September 1, 2004... Algeco Target nation: France Date announced: 16/07/04 Deal type: Acquisition Acquirer: TDR Capital Total value: 320m [pounds sterling] Mandated arrangers: RBS Financing: Unknown at present RBS is rumoured to...

Refinancings.
September 1, 2004... Adisseo Adisseo (formerly Animal Aventis Nutrition) is in the market with a 250m [euro] leverage recapitalisation, via mandated lead arranger JP Morgan and RBS. Proceeds will allow sponsor CVC Capital Partners to take some equity out of...

Private equity-backed takeovers subject to EU Competition law.(Buyouts)
September 1, 2004... AA Private equity backer: CVC, Permira Business description: Motoring organisation Deal value: 1.75bn [pounds sterling] Notified: 23/07/04 Provisional deadline: 27/08/04 Cleared: n/a CVC Capital Partners and Permira have acquired UK...

Rutland name change.(People)(Rutland Fund Management to Rutland Partners LLP)(Brief Article)
September 1, 2004... The management of UK turnaround specialists Rutland has changed its name from Rutland Fund Management to Rutland Partners LLP. The new website address is www.rutlandpartners.com and new email addresses follow the format...

Pomona appointment.(People)(Brief Article)
September 1, 2004... Pomona Capital, the fund-of-funds and secondaries firm, has appointed Mark McDonald as investment associate in its London office. McDonald has over seven years experience in company investment and private equity, beginning his career in London...

Finatem hires new MD.(People)(Brief Article)
September 1, 2004... Finatem, the German mid-market buyout finn, has appointed Robert Hennigs as managing director and partner, further strengthening the firm's investment capabilities, lie joins from DZ Equity Partner, the private equity arm of DZ Bank, where he...

Fund manager climbs.(Thimo L Sommerfeld climbed Mount Everest on May 23)(Brief Article)
September 1, 2004... Thimo L Sommerfeld, who until earlier this year was responsible for Warburg Pincus' Continental European healthcare investing, successfully climbed Mount Everest on May 23, after also climbing Kilimanjaro and Aconcagua in March. Sommerfeld...

AMJPE appoints.(People)
September 1, 2004... John Connolly has joined Aberdeen Murray Johnstone Private Equity as a senior investment manager in the firm's Birmingham office. He previously worked for law firm Wragge & Co where he was a senior associate within the private equity team...

Philip Rattle joins Kleinwort.(People)(Brief Article)
September 1, 2004... Kleinwort Capital has appointed Philip Rattle as a director, bringing Kleinwort's investment team up to nine. Rattle, 38, joins KCL from JP Morgan Partners. He started his career at 3i in 1989 after graduating from Oxford University and...

Dewey Ballantine expands.(People)(Brief Article)
September 1, 2004... Dewey Ballantine has hired private equity/corporate partner Dr Benedikt yon Schorlemer from the Dusseldorf office of Baker & McKenzie. This addition follows closely on the heels of the recruitment in May of partners Dr Hanno Berger and Dr...

Lehman Brothers advisory.(People)(Merchant Banking European Advisory Council)(Brief Article)
September 1, 2004... Lehman Brothers has formed a Merchant Banking European Advisory Council comprising seven senior advisors representing seven European countries and a wide range of industries. The advisory council will be working with Lehman's European...

AGF appoints.(People)(Appointments)(Brief Article)
September 1, 2004... AGF Private Equity has appointed Martin Mabille to its fund-of-funds team. His responsibilities include the development of co-investments in LBO transactions alongside buyout funds across Europe. Before joining AGF, Mabille, 31, advised a...

Baring Vostok hires two.(People)(Baring Vostok Capital Partners)(Appointments)(Brief Article)
September 1, 2004... Russia and the CIS PE investors Baring Vostok Capital Partners, part of the Baring Private Equity International, has appointed Sergey A Abramov and Philippe Der Megreditchian as partners. Abramov will be responsible for government relations...