UK / Ireland
Terra Firma ‘confident’ on EMI debt
Terra Firma says it is confident it will meet its debt obligations to Citigroup into the next year, according to reports.
CVC sells 4.2% share in IG Group
CVC Capital has sold its 4.2% stake in IG Group, a UK betting company, worth an estimated £58m.
Take-privates: Private equity firms scan the market
Despite a broad recovery in world stock markets, listing portfolio companies has been somewhat hit and miss in early 2010. While few companies have made the leap to public ownership, there have been a string of take-private deals in recent months, suggesting...
Former fund managers sue 3i
Two former 3i fund managers have reportedly sued the company for £3.06m each in shares and cash performance bonuses, following the closure of a fund they were hired to run.
Fortis sells fund administration arm to Credit Suisse
Fortis Bank Nederland (FBN) has agreed to the sale of its fund administration unit, Prime Fund Solutions(PFS), to Credit Suisse.
LDC backs SMEs with new £100m commitment
Lloyds Development Capital has committed £100m over the next three years to back businesses in the South West and South Wales, the Thames Valley and the home counties.
3i appoints Sir Adrian Montague as chairman
The board of 3i Group plc has appointed Sir Adrian Montague CBE as chairman, effective following 3i’s AGM in July 2010.
BlueGem to acquire Liberty
London-based private equity operator BlueGem is in the process of presenting an offer for the acquisition of an 86.3% stake luxury department store Liberty, according to market rumours.
Big Issue to raise £10m social enterprise fund
Big Issue Invest, the banking arm of weekly homeless magazine The Big Issue, is said to be nearing the first closing of its social enterprise fund with close to £3m in commitments.
Terra Firma investors vote on EMI
Reports suggest Terra Firma’s investors will be voting on whether the future of EMI lies with Terra Firma or if the private equity house will default control over the debt-laden music label.
Acton closes internet growth-equity fund at €150m
Acton Capital Partners has announced the final closure of its Heureka Growth Fund.
EPi-V backs sands systems developer Scarlet
EPi-V has completed a series-A venture financing of sand control systems developer Scarlet. No financial details have been disclosed.
GP communications missing a trick
Many of Europe’s most prolific later stage investors have some way to go before they can consider themselves truly transparent, as Emanuel Eftimiu finds out.
AlixPartners appoints economics expert to financial team
Advisory firm AlixPartners has appointed Derek Holt as director in the company's economics consulting team.
Elysian Capital acquires Vertical Pharma Resources
Elysian Capital has backed the management buyout of pharmaceutical supplier Vertical Pharma Resources Limited. Two of the original four founders of the business, trading as Integrated Pharmaceutical Services (IPS), have fully exited.
Albion invests £6.4m into new NHS facility
Albion Ventures has invested £6.4m into an NHS hospital in Somerset, South West England. The facility will have 62 beds and provide rehabilitation and long-term health care.
Healthcare buyouts: a tonic for the market
Defensive sector or not, buyout activity in the healthcare area was as depressed as elsewhere during 2009. But things are looking up and a spate of deal completions and possible exits in the first few months of 2010 are providing a welcome tonic for a...
Primary Capital promotes Alec Parkinson to assistant director
Primary Capital has promoted Alec Parkinson to the position of assistant director, and has also expanded the team with the hire of Oliver Melliss, as associate.
Blackberry et al. in $10m round for Aepona
BlackBerry Partners Fund has led a $10m round for Aepona alongside existing investors Amadeus Capital Partners, Polaris Ventures, Innovacom, Nordic Venture Partners and Sutter Hill Ventures.
Partners Group Global Value 2008 closes on €537m
Partners Group has closed Partners Group Global Value 2008 on €537m, exceeding the target of €500m.
AlixPartners bolsters financial advisory team with Derek Holt
AlixPartners has appointed Derek Holt as a director in its economics consulting practice, which forms part of its financial advisory services group.
BAML names new head of EMEA Financial Sponsors
Bank of America Merrill Lynch (BAML) has appointed Rob Firth as head of the financial sponsors group for Europe, the Middle East and Africa (EMEA).
JP Morgan wins IFC's PE administration mandate
The International Finance Corporation's Assets Management Company (AMC) has appointed JP Morgan to provide private equity accounting and fund administration services.
NB's debt fund to raise $150m in LSE float
Neuberger Berman has set out plans to float its NB Distressed Debt Investment Fund on the London stock Exchange's Specialist Fund Market in a bid to raise over $150m for investments in distressed debt.