UK / Ireland
UK - Foresight hires marketing manager
Foresight Group has hired Louise Farley as marketing manager.
UK/GERMANY - Electra Partners invests EUR 45m into Steadfast fund
Electra Partners has purchased a significant interest in Steadfast Capital Fund I, managed by Steadfast Capital GmbH, for EUR 45m.
UK/ASIA - ICG closes second Asia Pacific fund on USD 1bn
Intermediate Capital Group Plc has held a final closing of its second fund dedicated to mezzanine investments in the Asia Pacific region, Intermediate Capital Asia Pacific Fund II, on USD 1bn, substantially lower than the USD 1.5bn target.
Third quarter 2008: private equity crunch
In its regular quarterly commentary on private equity activity in the UK, Corbett Keeling gives a practitioner's view of trends in the number, value and financing of deals ... and concludes that the credit crunch has definitely arrived for private equity
Down, not out
As this issue of unquote" goes to press, the UK government has announced a £37bn rescue package for its biggest banks. RBS stood to receive the most, just as Sir Fred Goodwin stood down. The bailout is the second event in as many weeks that is hoped...
UK - KKR-backed Boots acquires Megapharm
KKR-backed pharmaceuticals retailer Alliance Boots has acquired a 90% stake in German oncology product distributor Megapharm. Matthias Ackerman, Megapharm's chief executive, will retain the balance and will continue to lead the business.
UK – Impax appoints new COO
Specialist environmental investment company Impax Group has appointed Charlie Ridge as chief operating officer.
GLOBAL - CIC to increase stake in Blackstone
According to reports, China’s sovereign wealth fund, China Investment Corp (CIC), is planning to increase its stake in Blackstone Group from 9.9 per cent to 12.5 per cent.
UK - Braveheart appoints new CFO
Braveheart Investment Group Plc has appointed Colin Grant as chief financial officer.
UK - EV and AFM make follow-on investment into Chromatide
Enterprise Ventures (EV) and Alliance Fund Managers (AFM) have completed an undisclosed follow-on investment into polymer technologies specialist Chromatide Ltd.
UK - Pinsent Masons hires Gregg Davison
Pinsent Masons has hired Gregg Davison as corporate partner to its Manchester-based private equity team.
UK - PwC hires two telecoms specialists
PricewaterhouseCoopers has hired Gary Taylor and Henrik Buss to its TMT practice.
UK - Dunedin acquires Rathbone in £23.5m deal
Dunedin has backed the £23.5m management buyout of offshore trust company Rathbone Trust International, which will be rebranded as Hawksford International.
UK - C.P. Eaton hires three
Placement agent C.P. Eaton Partners has hired Franklyn D. Chang, Christopher J. Pietersen and Stephanie J. Brendel to its London office.
UK - Oxford invests £2m into MirriAd
The Oxford Technology Enterprise Capital Fund has invested £2m in a second round of funding for MirriAd, a provider of embedded advertising solutions.
UK - NSEI leads £440,000 investment into Guroo
NorthStar Equity Investors (NSEI) has led a £440,000 financing round for educational support services company Guroo.
UK - Oxford leads £2.2m Glide investment
The Oxford Technology VCTs have led a £2.2m funding round for specialty pharmaceuticals company Glide Pharma.