Toby Mitchenall
Toby Mitchenall is the Senior Editor for private equity at PEI Media. He is responsible for and regular contributor to the private equity coverage across Private Equity International, Secondaries Investor and private funds management and is based in PEI’s London office. Toby was previously a consultant advising private equity firms on marketing and public relations.
Following the completion of its 19th acquisition this year, the mid-market specialist is lining up the launch of its fourth European fund.
The market responded to an upbeat Lehman Brothers Private Equity Partners update this morning with a marginal increase in the stock price. But shares in the Euronext-listed vehicle are still trading at a discount to net asset value.
The Washington DC-based private equity firm has purchased a minority stake in Italian luxury sportswear group, Moncler. The deal means a partial exit for three Italian investment firms from the company that owns brands such as Moncler, Henry Cotton and Coast, Weber & Ahaus.
The buyout firm is planning another close for its third Europe fund at the end of October, having already held a second close on €4.8bn.
3i-owned hedge fund administrator Fulcrum is merging with Butterfield Fund Services to form a combined platform worth $300m. Akshaya Bhargava, 3i’s former industrialist in residence and the current chief executive of Fulcrum, will take the helm at Butterfield Fulcrum Group.
The Swiss private equity firm has bought a manufacturer of explosion protection devices in a transaction that has been valued at roughly €325m. The deal represents an exit of undisclosed size for Allianz Capital Partners, which purchased the German company six years ago.
The Russian investment firm says slow regional public markets are driving an increasing flow of private equity opportunities.
Two appointments at Inflexion, including the hire of former Saatchinvest chief Andrew Leek, take the mid-market firm’s number of new investment team recruits to five in the last six months. The firm believes a larger team will quicken its deal-making process.
The former subsidiary of Royal London has pumped £6.1m into Raphael Healthcare in a deal that values the business at £30m.
Following a strong half year for the banking giant’s private equity advisory arm, Merrill Lynch has made a series of internal promotions, including Jeff Kaplan’s elevation to global head.