UK / Ireland
Sovereign Capital backs £10m MBO of RehabWorks
Sovereign Capital has backed the £10m management buyout of rehabilitation services provider RehabWorks Limited.
ICG Recovery Fund set to close
As the first quarter of the year comes to a close, recovery remains at the top of many businesses’ agendas as more of them struggle to repay their loans. Firms like ICG are looking to take advantage of these situations with its new Recovery vehicle....
Phoenix acquires Andrew Page in £100m transaction
UK-based Phoenix Equity Partners has acquired a majority stake in automotive parts distributor Andrew Page in a £100m deal.
PROfounders in £2.5m round for Made.com
PROfounders Capital has invested £2.5m in online design furniture retailer Made.com, alongside individual backers.
Aescap Venture et al in £4.2m round for Aquapharm
Aescap Venture, Tate & Lyle Ventures, Highlands and Islands Enterprise and NESTA have participated in a £4.2m series-C round for UK marine biotech firm Aquapharm Biodiscovery.
Barclays PE to sell Antler to LDC
According to reports, Barclays Private Equity (BPE) is preparing to sell luggage brand Antler to LDC.
Apollo to offer $50m worth of shares in IPO
Apollo Management is considering offering up to $50m worth of shares in an IPO on the New York Stock Exchange, according to a regulatory filing revealed yesterday.
MMC Ventures launches EIS fund for youngsters
MMC Ventures has launched a tax-efficient EIS fund aimed at younger investors aged between 18-35 years old.
LDC-backed Ultimate Products acquires Japinda divisions
LDC-backed Ultimate Products, the independent product sourcing and design business for hard goods, has acquired the luggage and small leather goods divisions of Japinda Goup for an undisclosed sum.
BVCA’s EETB report states need for green investment bank
The BVCA’s Energy, Environment and Technology Board (EETB) has today published a report stating that a Green Investment Bank (GIB) can help facilitate and accelerate private sector investment to meet the UK’s 2020 and 2050 low carbon, renewable energy...
KRS appoints Arcano to manage European PE investments
US limited partner The Kentucky Retirement System (KRS) has mandated Spanish asset management firm Arcano Capital with its European and Latin American private equity investments.
unquote" 22 March 2010
As many continue to lobby against the AIFM directive, new research released by EVCA reveals that if the directive were to be implemented in its current form, almost 70% of institutional investors would withdraw from European venture and growth investment...
Carlyle and EDF launch green analysis tool
The Carlyle Group and Environmental Defence Fund (EDF) has launched EcoValuScreen, a green analysis tool to be used in the due diligence processes before making an investment.
Doughty Hanson appoints Marquardt as CEO
European private equity firm Doughty Hanson has named Stephen Marquardt as its chief executive.
Atomico closes second fund on $165m
Early-stage technology investor Atomico has closed its second fund, Atomico Ventures II, on $165m.
Novitas hires Vareika; opens Luxembourg office
Corporate finance advisory firm Novitas Partners has hired Michale Vareika to head up its new Luxembourg office.
Electra Partners et al. back SAV in Citigroup portfolio purchase
Electra Partners has injected additional capital into portfolio company SAV Credit for its acquisition of a £825m credit card portfolio from Citigroup, alongside other backers Palamon Capital Partners, Morgan Stanley Alternative Investment Partners and...
Taking stock of asset-based lending
ABFA's latest stats show a decrease in asset-based lending last year. But there are promising signs that the demand for this product could rise in 2010. Deborah Sterescu reports.
French PE subsidiaries change hands
Consolidation in the French private equity market continues at pace: Natixis is closing in on a deal with Axa Private Equity over the sale of a part of its private equity division, while the IDI Group has acquired AGF Private Equity from Allianz France.
Apposite backs SureCalm MBI
Healthcare-focused investor Apposite Capital has backed the management buy-in of healthcare services provider, SureCalm Healthcare. No financial details have been disclosed.
Bridgepoint to sell half of its stake in Safestore
Bridgepoint Capital has announced that it intends to sell up to 32 million ordinary shares in listed self-storage retailer Safestore Holdings plc, which is approximately half of its stake in the company.
LDC backs Matrix with £10m investment
LDC has invested £10m in energy management company Matrix in exchange for a significant minority stake in the newco.
CalSTRS appoints director of private equity
CalSTRS, the California State Teachers' Retirement System, has named Margot Wirth as director of its $16.8bn private equity portfolio.
Hawkpoint recruits directors to lead expansion into Germany
Corporate advisory Hawkpoint has appointed Richard Markus and Warren Scott as managing directors and co-heads of its German operations, from 1st June 2010.