UK / Ireland
UK – KCP supports £3.6m Sabotage BIMBO
Key Capital Partners has backed the buy-in management buyout of fashion business Sabotage Ltd, which trades as Fly53, in a deal valued at £3.6m.
UK – Braveheart invests £150,000 into Traak
Braveheart Investment Group has supported sensor technology business Traak Systems Ltd with a£150,000 investment.
UK - Octopus invests £2m into e-Therapeutics
Octopus Ventures has supported AIM-listed drug discovery company e-Therapeutics Plc with a £2m investment.
UK - Guy Hands to step down as CEO of Terra Firma
Terra Firma chief Guy Hands is to give up his role as CEO.
UK - New debt advisory business: Versatus
Former bankers Michael Berry and Jacco Brouwer have launched Versatus, a new debt advisory business.
UK - Finance Wales supports £475,000 Agg Jones funding
Finance Wales has invested an undisclosed sum into recruitment company Agg Jones Search and Selection Ltd as part of a £475,000 funding round.
UK - Whitehead Mann opens turnaround and restructuring practice
Recruitment firm Whitehead Mann has launched a turnaround and restructuring practice to be headed up by Guy Beresford, partner in the firm's board unit.
EUROPE - KPE to transfer $211m in co-investments
KPE, the Amsterdam-listed arm of Kohlberg Kravis and Roberts (KKR), is to transfer five co-investments representing $211m in fair value to a KKR sponsored co-investment fund for an aggregate purchase price of $200.4m in cash.
USA/UK - Lion Capital provides $80m loan to American Apparel
In a sign of private equity firms adapting to the new environment, London-based Lion Capital has provided AMEX-listed clothing retailer American Apparel with an $80m loan.
UK - Possible offer for Candover
Candover Investments Plc has confirmed that it has received indicative expressions of interest to acquire the business.
UK - Buffini to step down from SVG
Reports suggest that Permira chairman Damon Buffini is to step down from his position on the board of SVG Capital as part of the listed fund's strategic review.
GERMANY/SWITZERLAND/UK - KKR looking to acquire Phoenix for Boots
Reports suggests that KKR-backed Alliance Boots has approached Phoenix Group, Germany's biggest drug wholesaler, to acquire the business.
UK - Nimbus Partners receives backing
Solon Ventures and Chevron Technology Ventures have invested an undisclosed sum in software company Nimbus Partners.
GLOBAL - Lehman Brothers Private Equity changes name
Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners Ltd.
UK - NVM reaps 2.2x money multiple on Pivotal exit
NVM Private Equity has sold laboratory supplier Pivotal Laboratories Ltd to ACM, a clinical laboratory in the US, for an undisclosed sum, reaping a 2.2x money multiple and an IRR of 27%.
UK - Macfarlanes appoints Berman as partner
Law firm Macfarlanes has hired David Berman as financial services regulatory partner.
EUROPE – PE to be PR nightmare
"The trends that emerged over recent years have fundamentally interfered with the alignment of interests between GPs and LPs," commented Roberto Quarta of Clayton, Dubilier & Rice Europe, speaking at what can best be described as a reflective EVCA Investors...
UK - Oxford Capital launches 'approved' EIS fund
Oxford Capial has launched its second Enterprise Investment Scheme (EIS) fund, Oxford Gateway Approved Fund, which will invest in early and development stage companies in the healtcare, sustainability and communications sectors.
UK - Greenpark appoints Eric Pathé
Greenpark Capital has appointed Eric Pathé as investment director.
UK - Hotbed launches £10m EIS portfolio
Investor syndicate Hotbed has launched a £10m Enterprise Investment Scheme (EIS) portfolio.
UK - Gresham's Mills joins HIG
Gresham's Alastair Mills has left the firm to join HIG Europe as a director in the London office. The move comes less than a month after Gresham's London chief Mike Henebery left to pursue other interests.
UK - Foresight backs ICA Group buyout with £2m investment
Foresight Group has invested £2m to back the buyout of ICA Group Ltd, a document management solutions provider.
UK - SEP et al. further back PicoChip
Reports suggest that Scottish Equity Partners, Highland Capital Partners and Atlas Venture are among returning institutional backers for a $25m series-E round of funding for wireless communications company PicoChip.
UK - Albion invests £1.5m in Mirada
Albion Ventures has invested £1.5m to back the buyout of software company Mirada from Siemens.