UK / Ireland
GLOBAL - Nextech Venture holds final close on USD 65m
Switzerland-based Nextech Venture has held a fourth and final close of its oncology-focused fund on USD 65m.
UK - Pentech backs USD 2m Metaforic funding
Pentech Ventures and the Scottish Co-Investment Fund have made an investment of USD 2m into Metaphoric Ltd, a provider of anti-tamper software solutions.
UK - FF&P invests in IKON
FF&P Private Equity, the private equity division of Fleming Family & Partners, has invested an undisclosed sum in IKO Science Ltd, a provider of software and quantitive interpretation services to the upstream oil and gas sector.
UK - Investec hires senior investment practitioners
Investec Private Bank has hired Jennifer Macintyre and Catherine Kirchmann as senior investment practitioners.
UK - NorthStar leads £1m Ethicalsuperstore funding
NorthStar Equity Investors (NSEI), through its Co-Investment Fund, has invested £550,000 as part of a £1m funding round for online retailer Ethicalsuperstore.com, with Rathbone Greenbank Investments providing £250,000 and business angels suppling the...
UK - Royal Society holds first close on £5m
The Royal Society, the national academy of science of the UK and the Commonwealth, has held a first close of its Enterprise Fund on £5m.
UK - Hartley leaves August Equity
Following 13 years with August Equity, Andrew Hartley has stepped down from his role as managing director.
CORRECTION – Dunedin appoints Strang to lead new programme
Dunedin has appointed Dr Jim Strang to lead the new private equity Fund Investment Programme it has established on behalf of its client Dunedin Enterprise Investment Trust Plc. The programme is not called the Dunedin Enterprise Investment Trust Plc, as...
UK - GIP acquires AIG stake in London City Airport
Global Infrastructure Partners (GIP) has acquired the 50% stake in London City Airport held by AIG Financial Products, with reports suggesting the deal was worth in the region of £250m.
UK - Phoenix hires investment manager
Phoenix Equity Partners has hired Clarissa Beresford as investment manager.
UK - European Capital exits Avery
European Capital has fully exited its stake in Avery Weigh-Tronix, a manufacturer of industrial weighing products and systems, in a trade sale to Illinois Tool Works Inc. The value of the deal was undisclosed, but it equated to a finalised IRR over the...
UK - Amadeus backs EnQii
Amadeus Capital Partners and Wellington Partners have co-led an USD 18m series-B round of funding for EnQii Holdings Ltd, a digital out-of-home advertising specialist, alongside existing backer Ithmaar Bank.
UK - Freshfield partner appointed to Bank of England
Graham Nicholson, partner at law firm Freshfields Bruckhaus Deringer, has been appointed chief legal adviser and adviser to the governor of the Bank of England with effect from 01 January 2009.
Survival of the fittest
From the rescue of HBOS by Lloyds TSB to the nationalisation of another British bank, not a week seems to pass without more evidence that the structure upon which the last decade of prosperity was built was over-optimistic and under-regulated. During...