UK / Ireland
CVC to make second bid for Betfair
CVC is to make a new bid for online gambling business Betfair by 5pm today, according to media reports.
LDC sells Eve Trakway to Ashtead
LDC has sold temporary traffic systems and management supplier Eve Trakway to rental equipment provider Ashtead Group plc for £28m, a 2.5x multiple on the firm’s original investment.
KCP promotes Thomas to investment director
Key Capital Partners (KCP) has promoted Richard Thomas to investment director at its Birmingham office.
Oakley Capital sells Headland for £15.5m
Oakley Capital Investments has sold news services provider Headland Media Ltd to KVH Industries in a deal that gives the firm an enterprise value of £15.5m.
Key Capital’s Templine acquires A&A Recruitment
Templine Employment Agency Ltd, a recruitment company backed by Key Capital Partners (KCP), has acquired UK-based A&A Recruitment Ltd.
A vintage year for the secondaries market
Secondaries
Mercia backs Ventive in series-A round
Birmingham-based venture capital firm Mercia Fund Management has backed low-carbon ventilation product developer Ventive in a £900,000 series-A funding round.
F&C holds €90m first close for fund-of-funds
F&C has held a €90m first close for F&C European Capital Partners II, a European mid-market fund-of-funds.
Calculus invests £1.1m in Benito's Hat chain
Calculus Capital has invested £1.1m, alongside a further £300,000 from existing investors, in London-based Mexican food chain Benito’s Hat.
FTBPro raises $5.8m from VC duo
Battery Ventures and Gemini Israel Ventures have provided $5.8m to FTBPro, a fan-generated football content platform based in London.
Octopus leads £2m TrialReach round
Octopus Investments and Amadeus Capital Partners have provided UK-based clinical trials search business TrialReach with a £2m round of funding.
Endless promotes five
UK-based turnaround firm Endless has promoted team members Indra Valeinis (pictured), Simon Mason, Kerry Swain, Michael Rice and Edward Ransome.
3i sells Civica to Omers Private Equity
3i has sold specialist IT systems and services firm Civica to Omers Private Equity for an enterprise value of £390m.
CVC hires Brandon Bradkin as partner
CVC Credit Partners has appointed Brandon Bradkin as a partner in the firm's UK office.
CCMP acquires Pure Gym
CCMP Capital Advisers has backed Pure Gym's management in a secondary buyout of the UK-based company, which previously received funding from Magenta Partners.
Foresight backs Procam MBO
Foresight Group has backed the MBO of Procam TV, a UK broadcast hire company.
Isis backs MBO of Red Box
Isis Equity Partners has invested £14m in digital recording specialist Red Box Recorders as part of a management buyout.
Elysian Capital buys Axis Well Technology
Elysian Capital has backed the management buyout of Aberdeen-based oil and gas consultancy Axis Well Technology.
Intel Capital leads €7m funding round for FeedHenry
Intel Capital has led a group of GPs and one trade player in a €7m funding round for cloud-based mobile applications platform provider FeedHenry.
UK & Ireland unquote” May 2013
The UK & Ireland’s first quarter activity levels are at their lowest level for the past five years, according to the latest research from unquote” data.
Calculus Capital and SAEV invest in Antech
Calculus Capital and Saudi Aramco Energy Ventures (SAEV) have backed UK-based Antech, a developer of directional coiled tubing drilling products and services.
Duke Street hunts for new backers ahead of fresh fundraising
Duke Street Capital is looking for new backers to replace existing investors in its funds ahead of a fresh fundraising attempt, according to reports.
Panoramic invests £1.8m in Andante Travels
Panoramic Growth Equity has injected £1.8m into archaeological travel operator Andante Travels via its maiden fund, Panoramic Enterprise Capital Fund I (PECF I).
Isis backs Sage Construction MBO
Isis Equity Partners has backed the MBO of Sage Construction from software company Sage (UK) Ltd.