UK / Ireland
Endless reaps 10.5x on DavyMarkham exit; second exit in month
Turnaround investor Endless has completed its second exit in the span of one month, Deborah Sterescu reports.
Catapult et al. invest in Zinwave
Catapult Venture Managers (CVM) has made an undisclosed investment in Zinwave, developers of an active wideband in-building antenna system.
LPs throw out the old for the new
It is now common knowledge that fundraising for private equity funds this year will be tough to say the least. Many, however, do not realise just how tough. News reports this week suggest that LPs are now considering severing ties with some GPs altogether...
Carlyle-backed Bigmouthmedia to merge with LBi
Carlyle-owned marketing specialist Bigmouthmedia is set to merge with Stockholm-listed digital marketing and technology agency, LBi International.
Hibbert leaves MVision
Warren Hibbert, partner at placement agent MVision Private Equity Advisers has reportedly left the firm to "explore new opportunities".
LGV-backed Jeyes secures £20m credit facility
LGV-backed hygiene product manufacturer, Jeyes Holdings has completed a refinancing agreement, securing a revolving asset-based lending facility in excess of £20m provided by RBS.
Lion exits Kettle in $615m trade sale
UK-based private equity firm Lion Capital has agreed the sale of Kettle Foods to trade buyer Diamond Foods for $615m in cash.
VCTs to make a comeback
Venture Capital Trusts are hardly an asset class to make the headlines but current market conditions suggest there are growing expectations for a strong 2010 vintage. Emanuel Eftimiu reports
Gibson, Dunn appoints Freshfield's Roberts to London office
Gibson, Dunn & Crutcher has hired Jeff Roberts as a London-based partner with a focus on international M&A, private equity and equity capital markets.
KKR nears NYSE listing; releases fourth quarter results
Private equity behemoth KKR is moving closer to listing on the New York Stock Exchange, as the firm has confirmed the move yet again in its financial results report for the fourth quarter, released yesterday.
NBGI appoints ICG's Hallala to its team
Lower mid-market private equity firm NBGI Private Equity has hired Mark Hallala to head up its investor management team.
H.I.G acquires Synseal
H.I.G. Europe, the European affiliate of H.I.G. Capital, has acquired UK-based building materials specialist Synseal by investing £30.5m in equity.
Capital gains: a taxing issue
As the upcoming budget nears, the private equity industry has much to fear as the potential rise in capital gains tax threatens to further stifle investment activity and drive investors out of the UK. Deborah Sterescu investigates…
Yorkshire Bank appoints RBS' Corcoran as Midlands director
Yorkshire Bank has hired Peter Corcoran to the role of area director in the Midlands.
Longbow et al. invest in Domainex
Longbow, The Capital Fund and Takeda Research Investment have invested an undisclosed amount of capital in biotechnology company Domainex.
Finance Wales further supports iVision UK with £700,000
Finance Wales has further invested £700,000 in LED manufacturer iVision UK.
Octopus leads £3m round for Mi-Pay
Octopus Ventures has led a £3m investment round for Mi-Pay, a processor of payments for the mobile money sector.
Kelso Place acquires LGV from administration
Kelso Place Asset Management has acquired, as a going concern, the business and assets of driving instructor training company LGV Limited from administration in a deal of undisclosed value.
unquote" 22 February 2010
The first three months of 2010 will continue the uptick seen in the second half of last year, according to unquote"s latest online poll.
ETF hires Genieser as partner
Environmental Technologies Fund (ETF) has appointed Robert Genieser as a partner in its London office.
IPOs: will they float or flounder?
The recent IPO frenzy will prove a blip, according to a recent unquote” poll. By Rikke Eckhoff
HgCapital reaps 2.3x return on Hoseasons trade sale
HgCapital has agreed to sell self-catering holiday operator Hoseasons Holdings Ltd to Wyndham Exchange & Rentals for an enterprise value of £51m.
Maven invests £1.5m in PrismTech
Maven Capital Partners, as a joint manager of government-backed Capital for Enterprise Fund (CfE Fund), has invested £1.5m in Scottish software firm PrismTech.