UK / Ireland
Arle poised to sell two firms
Arle Capital Partners is set to sell two of its portfolio companies, according to reports.
Enterprise Ventures backs MBO of IMC
Enterprise Ventures has backed the £3.7m management buyout of London-based management consulting services provider IMC Worldwide.
RSM Tenon appoints Dave Cutts
RSM Tenon Corporate Finance has appointed Dave Cutts to the Southern Corporate Finance team.
FATCA - An uneven playing field
Despite being an American law which doesn’t come into force until 2013, the Foreign Account Tax Compliance Act must be dealt with immediately by all international GPs which have US portfolio companies. Susannah Birkwood reports
HarbourVest ups offer for Absolute
HarbourVest Partners has increased its offer for Absolute Private Equity to $18.50 per share, valuing the listed fund-of-funds at $806m.
Buyouts surge in Q2
The private equity market is back in black, with deal values at their highest level since the heady days of 2007, according to the latest unquote” Private Equity Barometer, done in association with Arle Capital Partners.
unquote" Private Equity Barometer – Q2 2011
Preliminary figures released today in the Q2 2011 unquote" Private Equity Barometer reveal renewed activity during Q2.
Montagu loses two directors
Just a few months after closing what many call Europe’s most impressive fund of the year, Montagu is waving goodbye to two directors, unquote” has learned from sources close to the fund.
Blackstone looking to back UK construction firm
Blackstone is in talks to take a stake in UK construction firm Miller Group, according to reports.
PE-backed Small World acquires Choice Money Transfer
UK-based money transfer operator Small World, a portfolio company of FF&P Private Equity and MMC Ventures, has acquired rival business Choice Money Transfer.
Former 3i director joins Finance Wales
Finance Wales Group has appointed former 3i senior director Bill Anthony as group portfolio director.
Better Capital acquires Fairline Boats from 3i
Better Capital has invested £16.6m to acquire a majority stake in Fairline Boats through a recapitalisation deal.
UK & Ireland unquote" 11 July 2011
LDC, the private equity arm of Lloyds Banking Group, has received a vote of confidence from its parent company.
Exponent and Charterhouse fail to agree on V.Ships
Exponent Private Equity and Charterhouse Capital Partners have failed to reach an agreement on the sale of Exponent’s portfolio company V.Ships, according to reports.
Growth Capital-owned Amor set to buy FS Walker Hughes
Growth Capital Partners-backed Amor Group has expressed its interest in IT company FS Walker Hughes.
Terra Firma preparing bid for RBS aviation
Terra Firma is preparing a £4bn bid for Royal Bank of Scotland’s (RBS) aircraft leasing business, according to reports.
Brew leaves Octopus for BGF role
Alistair Brew has been appointed as investment director for the £2.5bn Business Growth Fund (BGF).
Doughty Hanson linked to Synovate sale
Doughty Hanson is thought to be in the bidding for Synovate, the market research arm of Aegis, in a deal that could be worth up to £600m.
UK returns: Think small
The UK’s small buyout sector will continue its decoupling from the larger market, and should provide better returns than large-cap players in the coming years.
Nordic heading for fourth exit of 2011
Final bids are due tomorrow for Swedish medical devices company Atos, currently owned by Nordic Capital.
VCs exit BiancaMed in trade sale
VC-backed Irish medical equipment company BiancaMed has been acquired by ResMed, in a deal that values the company at less than $50m.
MJ Hudson LLP announces three new hires
MJ Hudson LLP has appointed new partners Eamon Devlin and Tim Drake and senior tax consultant Patricia Allen.
Is pharma losing out on venture funding?
Despite mass publicity, early-stage software and technology companies have often played second fiddle to pharma on funding, but this could be about to change. John Bakie investigates
Gresham backs buyout of Walker
Gresham has acquired composite repair services company Walker Technical Resources in a secondary buyout from Maven Capital Partners and its founder shareholder.