UK / Ireland
Ariadne Capital et al. provide seed funding for ClickSlide
The Ariadne Capital Entrepreneurs (ACE) Fund and three angel investors have invested in cloud-based technology start-up ClickSlide Ltd.
Intervale Capital-backed Proserv in $215m refinancing
US-based oil and gas investor Intervale Capital's Scottish portfolio company Proserv has received a $215m refinancing package from Lloyds Bank Commercial Banking Acquisition Finance.
Rutland reaps 2.6x on Advantage Healthcare sale
Rutland Partners has sold UK-based Advantage Healthcare to trade buyer Interserve for £26.5m, making a 2.6x money multiple on its original investment.
BGF et al. invest in Magma
The Business Growth Fund (BGF) has invested £8.76m in Magma Global Limited, a UK manufacturer of high performance carbon fibre pipe for the oil and gas sector.
MML invests in Instant
MML Capital Partners has invested £16m in London-based office solutions provider Instant, securing a minority stake in the business.
Gresham-backed ICR in third bolt-on
Gresham Private Equity portfolio company ICR Integrity has acquired UK-based oil & gas services provider Chemical Injection Utilities (CIU).
Gresham's James Grant Group buys Hall or Nothing
James Grant Group, a UK-based talent management and professional services business owned by Gresham Private Equity, has acquired music management agency Hall or Nothing.
Better Capital’s Reader’s Digest to undergo restructuring
Better Capital portfolio company Reader’s Digest UK is to undergo a restructuring via a company voluntary agreement (CVA).
Cerberus buys Admiral Taverns from Lloyds
US private equity firm Cerberus Capital Management has acquired UK-based tenanted pub group Admiral Taverns from Lloyds Banking Group.
AshHill et al. invest in Heart Metabolics
US private equity firm AshHill Investments and Australian VC fund Trans Tasman Commercialisation Fund (TTCF) have invested $4m in London-based biotech company Heart Metabolics.
ECI backs Citation in £50m deal
ECI Partners has acquired a majority stake in professional advice firm Citation, in a deal that values the company at £50m.
Terra Firma looking to sell Odeon
Terra Firma is again looking to sell cinema chain Odeon & UCI Group in 2013, potentially raising up to £1bn, according to reports.
UK private equity’s 2012 highlights
2012 in review: UK
Sun European Partners buys Paragon Print & Packaging
Sun European Partners has acquired a majority stake in British label maker Paragon Print and Packaging from Equistone, LDC and the management team.
Merry Christmas from unquote"
The unquote” team would like to wish all our readers a Merry Christmas and a Happy New Year.
Spanish GPs set sights on Latin America
Latin America
AlpInvest and Honeywell Capital Management invest £35m in Towry
AlpInvest Partners and Honeywell Capital Management have invested £35m in Towry Group, a UK-based wealth advisory firm backed by Palamon Capital Partners.
Aquiline buys Equity Red Star for £87m
Aquiline Capital Partners has bought UK-based motor insurance business Equity Red Star (ERS) from Insurance Australia Group (IAG) for £87m.
Government to investigate Comet collapse
Vince Cable is to launch an investigation into the demise of electricals retailer Comet, which had been bought by turnaround specialist OpCapita in November 2011 before going into administration a year later.
Ludgate et al. back ECO Plastics
Ludgate Environmental Fund, SAM Private Equity and other existing shareholders have invested £6m in UK-based plastic bottle re-processor ECO Plastics.
PE funding gains traction with UK entrepreneurs
Nearly a third (31%) of UK entrepreneurs are considering private equity or venture capital to raise finance in 2013, according to 800 UK business leaders polled in a recent Baker Tilly survey.
BC Partners loses managing partner
BC Partners' Andrew Newington is understood to have left the firm due to disagreements over future strategy.
Advent Venture appoints new operating partner
Advent Venture Partners has appointed Ian Nicholson as an operating partner in its life sciences team.
BGF invests £3m in Camino
The Business Growth Fund (BGF) has provided UK-based tapas restaurants operator Camino with £3m of funding.