UK / Ireland
GLOBAL - Lehman Brothers restructures management team
Lehman Brothers is restructuring its management team, appointing Eric Felder and Hyung Soon Lee as global co-heads of fixed income to replace Andrew Morton, who is leaving the firm after just seven months in the position.
UK - Lucite receives USD 2bn offers
Charterhouse Capital Partners-backed Lucite International, a manufacturer of acrylic products, has received two offers worth around USD 2bn from Japan and Saudi Arabia.
UK - Goldman Sachs appoints Allen as adviser
Goldman Sachs Capital Partners has appointed Charles Allen, former chief executive of ITV, as a senior adviser.
UK - DFJ hires venture partner
DFJ Esprit has hired William Reeves as venture partner in its London office.
GLOBAL - Bear Stearns Private Equity re-brands
Bear Stearns Private Equity Ltd will change its name to JP Morgan Private Equity Ltd (JPEL).
UK - Dunedin hires analyst
Dunedin has hired Simon Rowan as analyst.
UK/NETHERLANDS – Apollo joins bidding for Reed
Apollo, alongside former non-executive director Strauss Zelnick, have jointly made a bid for publisher Reed Elsevier’s business information division.
UK - Sofinnova backs mydeco in £7.35m investment
Sofinnova Partners has led a £7.35m second round of funding for mydeco, an online intermediary for the home design market, alongside SRPE, Amadeus Captial Partners and Burda Cross Media.
EUROPE - Fortis launches EUR 400m clean energy fund
Fortis Investment has launched a new EUR 400m fund dedicated to investments in clean energy companies in Europe.
UK - Azini acquires Lynx Capital Ventures
Azini 1 has acquired the 85% interest owned by Bear Stearns Capital in Lynx Capital Ventures LP, as well the entire share capital of Lynx Capital Ventures GP Ltd from Bear Stearns Asset Management.
UK - Informa rejects Providence offer
The board of business-to-business information provider Informa has rejected a takeover offer made by the private equity consortium led by Providence Equity Partners, saying it 'significantly undervalued' the business.
UK - Kirkland & Ellis hires new partner
Kirkland & Ellis International has hired Jane Scobie as a partner in the tax practice group.
UK - Brown Rudnick hires new partner
Brown Rudnick has hired Sonya Van de Graaff as partner.
UK - Barclays Ventures backs £10m JBM buyout
Barclays Ventures has supported the £10m buyout of aluminium and waste recycler JBM International, taking a minority stake in the business.
UK - Bridgepoint buys more Fat Face debt
Bridgepoint has bought back another chunk of the debt in fashion retailer Fat Face, taking the total purchased amount to £21.8m.
UK - Phil Greves to launch Elysian in the North
Former 3i director Phil Greves has been appointed to set up the first office in the North of England for Elysian Capital.
UK - Capital Fund invests in two restaurants
The Capital Fund has announced an investment of £250,000 into White Circle Organisation, a developer of branded cafes, restaurants and food hall outlets, and an undisclosed investment in Hummus Bros, a restaurant chain which serves snacks and meals with...
UK - AlpInvest hires two in London
Dutch investment group AlpInvest Partners has hired Dominic Curtis and Christopher Bone for its London office, where they will focus on mezzanine investments.
UK - Abingworth sells Clinical Designs
Abingworth has sold medical equipment developer Clinical Designs Ltd to Mundipharma International Corporation Ltd for an undisclosed sum.
UK - Seraphim invests in Testplant
Seraphim Capital has invested £1m in Testplant Ltd, a newly established platform business designed to make acquisitions in the software testing market.
UK - Providence et al to make offer for Informa
Reports suggest that a consortium of private equity investors led by Providence Equity Partners and including Blackstone and Carlyle are to make a firm offer for business-to-business information provider Informa within days.
UK - Rutland appoints in investment team
Rutland Partners has appointed David Wardrop and Tristan Craddock to its investment team.
UK - ATEP hires investment manager
Alliance Trust Equity Partners, the private equity arm of Alliance Trust Plc, has appointed Layla Fear as investment manager.
UK - TA Associates invests £35m into Quotient Bioscience
TA Associates has invested £35m into analytical and safety evaluation services company Quotient Bioscience Group.