Deals
Dunedin trust profits from Davenham float
Dunedin Enterprise Investment Trust Plc, which specialises in the provision of equity finance for management buyouts, management buyins and growing businesses, has announced that it will realise part of its investment in Davenham Group Plc on completion...
Syntaxin raises £3m from Abingworth
Syntaxin Ltd, a newly formed biopharmaceutical company focussing on the discovery and development of new medicines for the treatment of neurological, respiratory and metabolic diseases, has been launched as the first spin-out from the UK Health Protection...
Bridgepoint sells Theatre group
Andrew Lloyd Webber has announced that he has reached agreement to buy the 50% share of Really Useful Theatres owned by joint venture partner, Bridgepoint, for an undisclosed sum. He reiterated his commitment to the future of London’s theatre and £10m...
BancBoston Capital sells lingerie firm for x6 money
London based BancBoston Capital, now part of the European private equity network of Bank of America, has sold its stake in Unity Brands Ltd, the leading specialist lingerie manufacturer, to the incumbent management for a total return of six times its...
3i exits Encon for 5.8x money
3i has sold Encon, one of the UK's leading specialist distributors of insulation products, to Wolseley Plc, the global leader in heating and plumbing supplies and a leading supplier of building materials, in a deal worth £140.5m.
3i sells Republic to Change Capital
3i has sold its minority stake in Republic as part of a ТЃ105m deal that sees Change Capital become the majority shareholder. 3iтs proceeds represent a money multiple of 2.2x and an IRR of 80%.
3i sells stake in recruitment firm
3i has realised its minority stake in recruitment consultancy RK Group Ltd as part of the sale of RK Group Ltd to Quantica Plc, the FTSE listed recruitment and training group, in a ТЃ13m deal. 3i will receive proceeds of ТЃ3.6m, which represents a money...
Petrofac IPO success for 3i
3i has realised over £120m through the IPO of Petrofac, the international oil and gas facilities service provider, on the London Stock Exchange at a market capitalisation of £742m.
Bridgepoint makes 3x money on Virgin Active
Bridgepoint has sold its interest in health and fitness business Virgin Active for £134.5m following an agreement with Virgin Group to acquire its 55% stake.
BC Partners buys Fitness First from Cinven
European private equity firm, Cinven, today announced that it has agreed the sale of Fitness First to funds advised by BC Partners for an enterprise value of ТЃ835m. Fitness First, an investment of the EUR 4.4bn third Cinven fund, was acquired in a ТЃ404m...
Gresham invests in Jackson Lloyd
Gresham has provided a financing package of ТЃ31m for Jackson Lloyd to support its future growth. Jackson Lloyd is a fast growing provider of maintenance services to local authorities and housing associations in the North West with its head office based...
3i makes 39% IRR on newspaper deal
3i has announced that it has entered into an agreement to sell Local Press Ltd, owner of the Belfast News Letter and Derry Journal, to Johnston Press plc in a £65m deal. 3i will receive proceeds of £40m which represents a money multiple of 1.7x and an...
3i and Bridgepoint sell Care homes firm for £14.5m
3i and Bridgepoint have sold Templecare Ltd, the nursing homes operator, to Minster Care Management Ltd, a privately held care homes company, for ТЃ14.6m.
Bowmarks seals two deals in school travel sector
Bowmark Capital, the mid-market private equity investment firm, has announced the completion of two new investments in the school travel sector.
Video communications specialist secures £150k from RVCF
A West Country company that develops state-of-the-art video communications products is the latest to benefit from the £25m South West Ventures Fund.
ISIS sells Assa for 2.5x multiple
ISIS Equity Partners has announced that Assa Training & Learning Ltd has been acquired by Carter & Carter Group Plc. ISIS invested in Assa in September 2003 in support of a management buyout. The original and subsequent investments, totalling ТЃ4m, were...
Close acquires pharmaceutical firm for £22m
Close Brothers Private Equity has backed the ТЃ22m management buyout of IDIS, a market leading importer and distributor of unlicensed pharmaceuticals, on a named patient basis, into the UK and continental European markets.
AXA buys Sotralu
Following the departure of one of the two shareholders of Sotralu, the French leader in fittings for aluminium and PVC doors and windows, the company has chosen AXA Private Equity as its new financial partner.
Graphite sells Equanet to generate 2.2x money
Graphite Capital, the UK mid-market private equity specialist, has sold Equanet, the IT hardware reseller, to DSG Retail Ltd, a wholly owned subsidiary of Dixons Stores Group Plc, for an undisclosed sum.
Activa buys French organic wholesaler
Paris-based Activa Capital has acquired France's largest organic fruit and vegetable wholesaler. Pro Natura was founded in 1987 by its current CEO, Henri de Pazzis, and is France’s leading wholesaler of organic fruit and vegetables and the second largest...
CVC to buy Mister Minit
CVC Capital Partners today announces the intention to sign an agreement to acquire Mister Minit, the world's largest shoe repair and key cutting services chain from UBS Capital for an undisclosed sum. The transaction is being financed by funds managed...
Nursing specialist raises £250,000 from business angels
MediHome Ltd, a Berkshire-based company that provides a unique acute nursing care service to patients in their own homes, enabling them to leave hospital earlier, has raised £250,000 through Thames Valley Investment Network (TVIN), a business angel investment...
BA Capital acquires GCE from Triton
BA Capital Partners Europe (BACPE), the European private equity arm of Bank of America, has today announced the signing of an agreement for the acquisition, through a BACPE controlled entity, of a majority of the shares in GCE Holding AB, the parent company...