UK / Ireland
GLOBAL - Carlyle to change terms on its fifth fund
It is understood that Carlyle Group is the latest private equity firm to appease its investors by agreeing to several changes to terms on its fifth fund, Carlyle Partners V, including a split on transaction fees, limits on the amount of debt investments...
UK - PAI to inject additional £20m into Kwik-Fit
French buyout house PAI Partners is said to be injecting £20m of fresh capital into portfolio company Kwik-Fit, the ailing tyres and exhausts retailer, in an effort to prevent the business breaching it's banking covenants.
UK - Inflexion backs £33m FDM MBO
Inflexion Private Equity has backed the management buyout of AIM-listed IT services company FDM Group, in a deal that values the business at a little over £33m.
UK - Dawn Capital invests in series A round for Manic Monkey
Dawn Capital has invested an undisclosed amount into 3D animation specialist Manic Monkey in a series-A round of financing.
UK - Oxford Technology et al. invest £1.3m in DMD
A consortium comprising Oxford Technology Management, YFM, the ERA Foundation and two private investors, has invested more than £1m in diamond super-materials supplier Diamond Microwave Devices.
UK - DN Capital invests in Apsmart
DN Capital has invested an undisclosed amount into smartphone company Apsmart.
UK - Palamon acquires ADP in £136m deal
Palamon Capital Partners has acquired a majority stake in dentistry business Associated Dental Practices in a £136m buyout from Smith & Williamson, the adminstrators of Kaupthing Capital Partners, the former private equity owners of the business who...
EUROPE - Delving into fair value
With the recent market turmoil and lack of comparables, fair value remains a complicated accounting principle. In a recent video interview, Nordic unquote" editor Rikke Eckhoff discusses the implication of this principle for the industry with PricewaterhouseCoopers...
UK - 3i appoints senior adviser
According to reports, 3i has hired Kim Winser to advise the firm on retail and consumer investments.
Q&A - Bob Long, President, CEO, Conversus Asset Management
Deborah Sterescu speaks to Bob Long of listed fund-of-funds Conversus Asset Management, about making a GP's track record the priority
Floating to the top
The IPO flurry may herald a new dawn in the market - or it could be the result of pressure from LPs for future fundraisings. Deborah Sterescu investigates
European Parliament report slams AIFM Directive
A new report commissioned by the European Parliament has heaped heavy criticism on the AIFM Directive for being "hasty" and "weak". Ashley Wassall reports
End of a (short-lived) era?
The end of the year sees a real shift in sentiment from the LP community. Their focus on cash conservation sparked fear in GPs with mature funds, worried they'd be forced onto a bumpy fundraising trail. On the other hand, funds that were 20-40% invested...
UK - Permira completes £228m acquisition of Just Retirement
Permira has completed the delisting of financial services company Just Retirement in an all-equity deal of £228m, as reported on unquote" news in September.
UK - ePlanet invests over £1m into eCommera
ePlanet Ventures has invested in e-commerce service provider eCommera in a deal valued at £1.3m.
EUROPE - Revised Directive angers trade bodies
Another chapter has been added to the long-running saga of the EU Commission's AIFM Directive, with a new report calling for a removal of all fund size exemption thresholds sparking anger within the industry. By Ashley Wassall
EUROPE - Revised Directive angers trade bodies
Another chapter has been added to the long-running saga of the EU Commission's AIFM Directive, with a new report calling for a removal of all fund size exemption thresholds sparking anger within the industry. By Ashley Wassall
UK - Salans boosts restructuring team in London
Law firm Salans has hired Bodo Schaar for its restructuring practice in the London office.
UK - Electra appoints non-executive director
Electra Private Equity has appointed Roger Perkin as non-executive director of the firm.
UK - Hotbed appoints senior executive
Private investor network Hotbed has hired Georgina Barber as head of client services.
UK - Octopus Capital for Enterprise invests £1.5m into Coal Grill and Bar
Octopus Investments, via its Capital for Enterprise Fund, has invested in restaurant chain Coal Grill and Bar in a deal valued at £1.5m.
UK - Novartis leads £16m round for Oxagen Limited
Novartis Venture Funds has led a £16m series C round of funding for drug discovery development company Oxagen Limited.