UK / Ireland
UK - Elysian makes two appointments
Elysian Capital has appointed Phil Greves as investment director and partner and Jack Jacovou as associate director.
UK - Energy Ventures exits Caltec
Energy Ventures has sold its investment in Caltec, a supplier of equipment for improving production from oil and gas wells, to Petrofac Ltd for an initial consideration of £15m, with this potentially rising to £30m if the business reaches performance...
UK - Barclays Ventures exits UPSL
Barclays Ventures has sold Uninterruptible Power Supplies Ltd (UPSL), an supplier of branded continuous power supply systems, for an undisclosed sum to US-based Kohler Power Systems.
UK - Reservoir Group acquires Extreme Machining
SCF-backed Reservoir Group has acquired Australia-based drilling tools maker Extreme Machining for an undisclosed sum.
UK - CVC creates global finanical institutions sector team
CVC has established a global finanical institutions sector team with effect from 1 September 2008.
UK - Duke Street to pay for pension deficit
Duke Street Capital has been forced by the Pensions Regulator to inject £8m into the defined benefit scheme of retailer Focus DIY over a year after the private equity firm sold the business to Ceberus Capital Management.
UK - Hotbed invests £2.1m into Gymbox
Hotbed has supported fitness club Gymbox with a follow-on investment of £2.1m.
UK - LDC hires director
LDC has hired Steven Gray as director in its new Aberdeen office.
UK/US - Summit hires four vice presidents
Summit Partners has hired four new vice presidents for its Boston and London offices.
UK - LDC acquires Leasedrive Velo from Lyceum for £80m
LDC has acquired vehicle management group Leasedrive Velo in an £80m secondary buyout from Lyceum Capital.
UK - Charterhouse considers Lucite sale
Reports suggest that Charterhouse Development Capital is considering a sale of Lucite International, a manufacturer of acrylic-based products, which is thought to have an enterprise value of £1.3bn (USD 2.5bn).
UK - August completes £37m SBO of Accura Support Services
August Private Equity has backed the £37m secondary buyout of support services company Accura Support Services Ltd from Barclays Ventures.
UK - CBPE backs £129m Warwick buyout
Close Brothers Private Equity (CBPE) has backed the £129m buyout of speciality chemicals business Warwick International from its US parent, Sequa Corp, which is owned by Carlyle Group.
Pensions Regulator oversteps the mark
The news that Duke Street Capital has been forced by the Pensions Regulator to inject £8m into the defined benefit scheme of DIY retailer Focus more than a year after the private equity firm sold the business should confirm the worst fears of the industry....