UK / Ireland
HgCapital to reap 2.1x in Manx IPO
The IPO of HgCapital's Isle of Man-based telecoms operator Manx Telecom will give the company a market cap of around £160.2m and generate a 2.1x money multiple for its backer.
PE-backed Lysanda bolts on Tracker
UK-based Lysanda, a developer of automotive telematics and informatics solutions backed by Disruptive Capital Finance, has acquired Tracker Network, a subsidiary of Direct Line Group.
Video: Dunedin’s Middleton on UK mid-market challenges
Managing partner talks to Kimberly Romaine in video Q&A
Elysian supports Wellbeing MBO
Elysian Capital has backed the management buyout of healthcare IT business Wellbeing Software Group.
YFM invests in Mangar
YFM Equity Partners has supported the management buyout of Mangar International, a provider of inflatable lifting, handling and bathing equipment for the elderly.
KCP generates 3.5x on TSC Foods sale
Key Capital Partners (KCP) has sold TSC Foods, the maker of Glorious! Soups, to Edward Billington and Son, reaping a 3.5x return.
Mobeus invests £3.5m in Bourn
Mobeus Equity Partners has made an investment of £3.5m in Bourn Bioscience, a UK-based operator of in-vitro fertilisation (IVF) clinics that trades under the name Bourn Hall Clinic.
Fundraises to flotations: a promising year for the UK
The UK market witnessed swathes of fund closes and a surprising number of IPOs last year. But will this positive trend continue in 2014? Alice Murray reports
MML promotes Jones to partner
MML Capital Partners has promoted investment director Luke Jones, making him the fifth UK-based partner at the firm.
Electra backs £180m Ogier MBO
Electra Partners has supported the management buyout of Ogier Fiduciary Services from its parent Ogier Group.
Unified board vital for turnaround success
Unified boards
Delta leads $6m round for Cleverbug
Irish firm Delta Partners has led a $6m funding round for Cleverbug, the Dublin-based developer of a greetings card app.
VCs sell NaturalMotion to Zynga for $527m
NYSE-listed game developer Zynga has acquired NaturalMotion, a UK-based animation technology firm backed by Balderton Capital, for $527m.
SBT makes first UK investment in Red Zebra
Fintech-focused investor SBT Venture Capital has made a capital commitment to UK-based Red Zebra Analytics, marking its first investment in the UK.
Vitruvian’s Petty joins JP Morgan
JP Morgan Chase has appointed Cathrin Petty from Vitruvian Partners as co-head of its healthcare investment banking team for Europe, the Middle East and Africa.
Marson-Smith leaves Gresham
Gresham Private Equity chairman Paul Marson-Smith has confirmed his decision to retire.
Should UK SMEs boost non-EU exports?
In the last two years there has been a spate of government initiatives aimed at increasing UK SME exports to non-EU markets. But is this the right strategy for economic growth and is the public sector best placed to advise? Alice Murray reports
3i toasts bumper Q4
Listed private equity firm 3i has reported a strong end to 2013, with £29m of realisations, £322m of new investments and an improved NAV per share.
PHD scores 9.2x on Liberty Services exit
PHD Equity Partners has generated a 9.2x money multiple and a 70.4% IRR on its sale of Liberty Services to Capita.
HIG provides unitranche to support Steelite MBO
HIG WhiteHorse, the credit arm of HIG Capital, has supplied tableware business Steelite with a £29m unitranche facility to allow management to secure full ownership.
BGF suits up with £8.5m ACS investment
Business Growth Fund (BGF) has invested £8.5m into formal wear rental business ACS Clothing and its software offering Xedo Software.
Palamon ups investment in QualitySolicitors
Palamon Capital Partners has provided its portfolio company QualitySolicitors, a UK-based high-street legal brand, with additional funding more than two years after its acquisition.
Inflexion deals with Succession
Inflexion has invested in Succession, a UK privately owned wealth management business.