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 founder of Terra Firma predicted more pain for the buyout industry as neither banks nor financial sponsors are willing to ‘come clean about their mistakes’ made during the credit boom era.
Funds committed in 2007 ‘have to be sensibly reduced in 2009’, according to the new head of the European buyout house, Lionel Zinsou.
Emerging markets giant Actis is adjusting to life after the closing of its $2.9bn third fund by building up its IR and communications teams.
The departure of two long-serving senior members of PAI Partners, including CEO Dominique Mégret, means LPs could suspend, dissolve or renegotiate and restructure Fund V.
As it continues to mull its future business model, the London-listed private equity investor sees the departure of long-time managing director Colin Buffin and finance director Tian Tan.
Louis Elson will sit on the board of trustees of the venture philanthropy organisation.
Bridgepoint’s acquisition of Hermes’ direct funds and CapDyn’s assumption of HRJ’s assets are examples of a trend mid-market GPs expect to continue.
The UK turnaround specialist has bought a 71% stake in Vasanta Group, which has had its £200m debt burden slashed by 75%.
The listed private equity firm has brought new investment to a standstill and made significant inroads into its debt pile.
Simon Walker has called for private equity to be exempted from the EU directive on alternative investment fund managers, an appeal some have described as ‘wishful thinking’ and ‘unfortunate’.