Schroder Adveq seeks $1bn for new Europe fund

Schroder Adveq seeks $1bn for new Europe fund

Schroder Adveq, the private equity arm of asset manager Schroders, has launched a new European strategy seeking to raise $1bn, regulatory filings show. The new vehicle, Schroder Adveq Europe VIII, will focus on fund of funds investments in various sectors across...
How fund due diligence has changed during Covid-19

How fund due diligence has changed during Covid-19

Robust due diligence processes, both investment and operational, are a critical part of successful fund/manager selection, an aspect of private equity that changed during the pandemic. The most obvious impact is from travel restrictions preventing on-site, in-person...
Advent in talks over $2.9bn buyout of consumer goods data unit

Advent in talks over $2.9bn buyout of consumer goods data unit

Advent International is in talks to buy a key business unit of the data company Nielsen, in a deal that would value it at about $2.9bn, according to two people familiar with the matter.  The US-based private equity group is looking into acquiring Nielsen’s Global...
Private equity accused of ‘cashing in’ UK government loans

Private equity accused of ‘cashing in’ UK government loans

The UK government has been slammed for letting private equity groups “cash in” on state-backed coronavirus loans. Darren Jones, chair of the House of Commons’ business, energy and industrial strategy committee, said that he had been concerned over the “abuse” of some...
Platinum Equity-owned label maker pulls risky PIK deal

Platinum Equity-owned label maker pulls risky PIK deal

Platinum Equity-owned label maker Multi-Color Corporation has pulled a proposed sale of a risky “payment in kind” note, signalling that the soaring demand from investors for US corporate bonds has its limits. The $500m deal had been seen as one of the most aggressive...