UK / Ireland
Carlyle raises $1.1bn financial services fund
The Carlyle Group has raised $1.1bn for its first financial services fund, Carlyle Global Financial Services Partners (CGFSP).
General Atlantic appoints special adviser
US-based private equity firm General Atlantic (GA) has appointed Dr Ronald McMahan as a special adviser to the firm.
Advent appoints new operating partner
Advent International has appointed Will Kussell as operating partner.
Terra Firma's EMI needs £120m or risks being taken by Citigroup
Terra-Firma backed EMI, the struggling music group, has failed to secure distribution deals with Sony and Universal, and as a result, could lose control of the business to its lender Citigroup if its current private equity owners refuse to take part in...
Sun Capital acquires 3D Entertainment assets in pre-pack
Sun Capital Partners has acquired certain assets of 3D Entertainment Group Ltd., a UK-based operator of late night bars.
Carbon Trust et al. in £1m round for Helveta
Carbon Trust Investments has joined Oxford Capital Partners, Albion Ventures and Success Europe in a £1m third round of funding for Oxford-based Helveta, a timber track and trace technology company.
Carbon Trust et al. invest £1.45m in Arieso
Carbon Trust Investments has invested £1.45m in wireless network optimisation provider Arieso, alongside existing investors Oxford Capital Partners, ADD Partners and Qualcomm Ventures.
Graphite invests further £24m in Willowbrook
UK mid-market player Graphite Capital has invested a further £24m in Willowbrook Healthcare, part of a development capital package to support a major expansion programme.
HarbourVest to list senior secured loans fund on LSE
HarbourVest Partners has launched a new senior secured loans fund, HarbourVest Senior Loans Europe Limited, which will be admitted to the Main Market of the London Stock Exchange.
Carlyle hires DIC's Kump as MD for Europe LBO team
The Carlyle Group has recruited Eric Kump as managing director of its leveraged buyout team in Europe.
Sovereign invests £10m in BIMM
Sovereign Capital has invested £10m in Brighton and Bristol Institute of Modern Music (BIMM), a provider of modern music vocational and higher education.
Promethean exits InterMediactive Group
Promethean Investments has sold its 75% shareholding in InterMediactive Group (IMA) for up to £14.7m to a new company owned by the IMA management team.
Promethean-backed Cambria completes £50m AIM listing
Promethean Investments–backed Cambria Automobiles has completed a £50m admission to the AIM segment of the London Stock Exchange.
TA Associates acquires Cath Kidston
TA Associates has acquired a majority stake in floral print company Cath Kidston.
Macquarie expands PE division in Europe with two appointments
Macquarie Funds Group has appointed Mike Siebert and Brenden Woods as portfolio managers to its private equity division.
Boehringer Ingelheim launches €100m corporate venture fund
Pharmaceuticals giant Boehringer Ingelheim has launched the Boehringer Ingelheim Venture Fund, a €100m corporate venture vehicle.
Octopus Ventures invests £1.5m in Money Workout
Octopus Ventures has invested £1.52m in mortgage website company Money Workout Limited.
Impetus Trust invests £400,000 in Blue Sky
Venture philanthropy investor Impetus Trust has invested £400,000 in re-offending social enterprise Blue Sky Development & Regeneration.
Terra Firma's EMI in talks to sell rights in Americas before critical deadline
Terra Firma's EMI is reportedly in talks with Universal Music and Sony Music about selling its distribution rights in the Americas for £200m, in a last-minute attempt to raise cash before a covenant test on its £3.2bn in loans.
Good things come in small-cap packages
Small-cap buyouts: a resilient and promising sector. Deborah Sterescu reports.
NVM invests £9m in Kerridge MBO
NVM Private Equity has backed the management buyout of Kerridge Commercial Systems from NASDAQ-listed Automatic Data Processing.
Dechert appoints new corporate partner
International law firm Dechert has appointed Jonathan Angell as a partner in its in London corporate and securities practice unit.
Riverside boosts deal origination team with new hire
Global private equity firm Riverside has boosted its deal origination team for the education sector with the appointment of Robert Bowen as senior adviser.
Silverfleet appoints Bridgepoint's Smith as marketing head
European private equity investor Silverfleet Capital has hired Joanna Smith as head of marketing for Europe.