Tuesday, November 27, 2007

Investors switch from megadeals to mid-market

November 27 - Financial News - Investors in private equity funds are recruiting specialists to target mid-market dealmakers. Sentiment is swinging away from mega-buyout firms on fears the golden era of cheap debt and rising company profits is over.

Bregal Investments, a company that acts as a Swiss family office for the Dutch Brenninkmeijer family, billionaire owners of European clothing retailer C&A Group, has hired Alex Murray from boutique advisory firm Hawkpoint to help it co-invest in the mid-market. The boutique helped arrange Kohlberg Kravis Roberts’ $3.8bn (€2.6bn) takeover of Laureate Education.

The hiring of Murray comes after US-based investment office Private Advisors hired Jens Bisgaard-Frantzen from the mid-market private equity investment team at ATP, Denmark’s largest pension fund. Read More.

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