UK / Ireland
Electra backs Park Resorts with £45.5m debt purchase
Electra Partners has acquired Lloyds' stake in Park Resorts, which is due to refinance in 2014.
YFM backs MBO of Displayplan
YFM Equity Partners has acquired display fixtures business Displayplan Limited from Leggett & Platt UK Limited for an undisclosed amount.
Indigo promotes two
Indigo Capital has promoted Burkhard von Wangenheim and Guillaume Claire to investment manager.
Syntegra returns to fundraising after seven years
Syntegra Capital has confirmed that it is raising a new fund. The firm expects to hold a first closing on €75m in the first quarter of 2012. Amy King reports
LDC in £41m Workplace Systems take-private
LDC has completed the £41m take-private of Workplace Systems International plc, a UK-based cloud workforce management solutions provider.
MVC backs buyout of Gibdock with £28m
MVC Private Equity has acquired transportation services provider Gibdock for £28m.
Foresight completes management buy-in of Industrial Engineering Plastics
Foresight Group LLP has invested £4m in plastics manufacturer and distributor Industrial Engineering Plastics (IEP) as part of a management buy-in.
Ned Dorbin joins Business Growth Fund
The Business Growth Fund (BGF) expanded its regional team for the South West and South Wales with the appointment of Ned Dorbin as senior investment manager.
Kernel Capital invests €500,000 in Zolkc
Kernel Capital has provided €500,000 of seed funding to tourism technology specialist Zolkc.
Kelso Place backs Nicole Farhi
Kelso Place Asset Management has acquired a majority stake in fashion brand Nicole Farhi from OpenGate Capital.
Patron Capital backs Motor Fuels Group
Patron Capital Partners has led the management buy-in of petrol filling stations and retailing stores operator Motor Fuels Group in a joint venture with the new management team Scottish Capital Group. Financial details of the deal remain undisclosed.
Hutton Collins backs acquisition of Hunter Boots
Hutton Collins has provided £32m in PIK and equity to fund the majority buyout of footwear and accessories supplier Hunter Boots by US-based GP Searchlight Capital Partners.
LPEQ appoints Butler to head external affairs
Ross Butler has joined LPEQ, the member group for listed private equity companies, as director for external affairs.
Livingstone expands its debt advisory team
Livingstone Partners has appointed Bill Troup as managing director of debt advisory in London and Thomas Lesch as vice president in Chicago.
Advent and TPG looking to delist GlobeOp
Advent International and TPG Capital are considering a take-private of LSE-listed hedge funds administrator GlobeOp.
unquote" private equity barometer - Q3 2011
Deal activity levels fell by more than a third in Q3 2011 due to ongoing fears regarding the European debt crisis, according to the latest unquote” Private Equity Barometer, in association with Arle Capital Partners.
DN highlights venture revival
Six exits in 18 months; two portfolio companies bought by Oracle in 2011 alone. One firm is living the dream. Kimberly Romaine reports.
Lion Capital exits La Senza
Lion Capital has sold lingerie retailer La Senza to Middle Eastern retail group Alshaya.
UK Watch: Bigger not better in Q4
The smaller buyout segment in the UK thrived in Q4 2011 while larger deals faltered, according to the latest findings of the unquote” UK watch, in association with Corbett Keeling.
Volume of buyout vs venture fund launches
In 2010, launches of venture funds surpassed buyout funds for the first time in 5 years, but the gap has narrowed in 2011.
UK & Ireland unquote” 8 January 2012
The EU is proposing changes to the directive on Institutions for Occupational Retirement Provision (IORP) that would impose Solvency II-like capital requirements on funds of occupational retirement schemes.
SEP and SSE launch £95m green energy fund
Scottish Equity Partners (SEP) has launched a new secondaries fund and has acquired the alternative energy portfolio of Scottish and Southern Energy (SSE).
Access Capital Partners closes fund on €500m
Access Capital Partners has held a final close of its fifth European small- and mid-market fund-of-funds, Access Capital Fund V Growth Buy-out Europe (ACF V), on €500m – above its initial target of €350m.
RJD-backed Verdant Leisure acquires English country park
RJD-backed holiday park operator Verdant Leisure has acquired Northumberland-based Riverside Country Park.