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.
The financial services specialist has sold Signal Holdings, a provider of protection programmes and repair services for mobile phones, to New York insurer Assurant.
In its first foray into the sector the Bahrain-based investor is looking to take a slice of the $770bn US transport market with an investment in MRH Holdings.
The listed German buyout group has had the busiest week in its history, exiting steelmaker KWE and making two further investments, including a majority stake in the venerable German drinks producer Berentzen, while lining up another portfolio company for an imminent sale.
The US billionaire’s latest European acquisition takes to $6bn the total enterprise value of its communications-related investment into the continent this year.
The former European Acquisition Capital partner joins Palamon to focus on the UK.
The ratings agency Fitch has revised the outlook on Bité, Mid Europa’s Baltic mobile operator, following slower than expected growth in the Lithuanian market.
The French alternatives firm has smashed its initial fundraising target of €300m against a difficult market backdrop, a week after selling a stake in the management company to Spanish firm N+1.
The UK Government’s emerging markets fund of funds has made commitments to four Chinese funds. It expects these funds to go on to raise a total of $1.7bn from other sources for investment in the region.
The Fortune 500 alternatives firm has made changes to its management line up, including the promotion of former Norwest Equity Partners’ Stephen Burge to president.
Media and communications specialist Providence Equity Partners has boosted its investment in cable company Volia to $300m, the largest private equity investment in the country to date. SigmaBleyzer first funded Volia in 1999.