UK / Ireland
VC-backed Photobox acquires StickyGram.com
Photobox Group, a provider of online digital photo services backed by a number of venture capital firms, has acquired Instagram photo-to-magnet online print company StickyGram.com.
Catapult et al. invest in Monica Healthcare
Catapult Venture Managers, East Midlands Business Angels, New Hill Management and private investors have made a further cash injection into Monica Healthcare.
Lyceum’s Adapt gets Sleek
Managed IT infrastructure provider Adapt, backed by Lyceum Capital, has acquired cloud hosting provider Sleek.
SEP in £1.25m round for Cyberhawk
Scottish Equity Partners (SEP) has led a £1.25m investment in remote aerial industrial inspection company Cyberhawk Innovations.
Octopus launches institutional venture fund
Octopus Investments has announced the launch of its first institutional investors fund.
Caird’s TM Lewin in potential £100m sale
TM Lewin, a London-based shirt maker backed by Caird Capital, could go up for sale with a £100m price tag, according to reports.
Bridgepoint secures £375m refinancing for Pret debt
Pret A Manger will pay out £150m to its private equity owner Bridgepoint following a dividend recapitalisation.
Piper backs Turtle Bay with £6m
Piper Private Equity has acquired a significant minority stake in Caribbean restaurant group Turtle Bay with a £6m capital injection.
Tackling transparency and disclosure through data
While GP monitoring of portfolio companies becomes more sophisticated, LPs are demanding more granular insight into individual fund performance. The increasing demand for performance information begs several important questions: What data is required?...
Private equity circles D&G
Private equity firms including Blackstone, CVC and Clayton Dubilier & Rice are believed to be in a second round of bidding for Advent International's Domestic & General (D&G).
Midven backs Amalyst
Midven has invested in University College London (UCL) spin-off Amalyst, a developer of electro-catalyst technology, alongside funding body UCL Business Plc (UCLB).
NVM backs Kirton MBO
NVM Private Equity has backed the £5.5m MBO of Kirton Group, a UK manufacturer and supplier of specialist seating products for the elderly and disabled.
Electra buys Allen & Heath for £43m
Electra Partners has acquired Allen & Heath Ltd, a manufacturer of audio mixing consoles, from Japanese and American audio equipment corporation D&M Holdings Inc for £43m.
Key Capital Partners’ Dwell goes into administration
Furniture retailer chain Dwell has gone into administration, resulting in 23 store closures and 300 jobs shed.
Platina exits Mistral Windfarm 1
Platina Partners has sold the remaining assets in the Mistral Windfarm 1 fund, reaping an overall gross IRR in excess of 40%.
The challenges of regional investing
Regional investing often means more opportunity for relationship-based deal doing, as highlighted in yesterday's story. But there are also challenges, as we explore here in the second installment of Alice Murray's two-part series.
Kennet Partners and Fidelity Growth buy Rivo Software
Kennet Partners and Fidelity Growth Partners Europe have acquired UK-based software company Rivo Software.
Forward Investment Partners hires DFJ's Brisbourne
Forward Investment Partners, the venture arm of Forward Internet Group, has appointed former DFJ Esprit partner Nic Brisbourne.
YFM’s Seven to take Datong private
Seven Technologies, a portfolio company of YFM Equity Partners, has acquired AIM-listed intelligence equipment provider Datong for £7m.
Regional UK players closing the gap on London market
Life outside London
Dalian Wanda Group buys Sunseeker from FL Partners
After less than three years' ownership, FL Partners has agreed to sell luxury motor yacht manufacturer Sunseeker International to Chinese commercial property and entertainment conglomerate Dalian Wanda Group.
Cabot sells KRS to Phoenix, makes 5x
Cabot Square Capital has sold Key Retirement Solutions (KRS) to Phoenix Equity Partners, enjoying a 5x return on its original investment.
3i loses private equity heads
3i partner and managing director David Whileman has resigned from the listed firm, while Nordic managing director Tomas Ekman is also stepping down.
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