UK / Ireland
UK - Advent appoints partner
Advent Venture Partners has appointed Mike Chalfen as general partner in its technology team.
UK - Nord Anglica to be taken private
The Baring Asia Private Equity Fund IV is taking Nord Anglica, a provider of education, training and guidance, private in a deal that values the company at approximately £190m.
UK - Entries due next Friday for The British Private Equity Awards
Unquote” is delighted to announce the fourth annual British Private Equity Awards. Entries are due NEXT FRIDAY (11 July) – please visit www.britishprivateequityawards.com for more information.
UK - Balderton invests in GDCM
Balderton Capital has invested an undisclosed sum in software company Global Datacentre Management (GDCM).
EUROPE - F&C closes on EUR 173m
F&C Management has held the final close of its Europe-focused mid-market fund-of-funds, F&C European Capital Partners, on EUR 173m.
UK - Jefferies appoints managing director
Investment bank Jefferies International has appointed Andrew Bracey as managing director for its London office.
UK - TPG pulls out of B&B deal
TPG Capital, which had been planning to invest £179m into mortgage lender Bradford & Bingley for a 23% stake, has pulled out of the deal after ratings agency Moody's confirmed last night that it intends to drop the banks credit rating, giving the private...
UK - Thule Investments supports Voice Commerce Group
Thule Investments, through its Brú II Venture Capital Fund, has invested an undisclosed sum in IT company Voice Commerce Group.
UK - PwC appoints 4 new partners
PricewaterhouseCoopers has promoted two partners internally and hired an additional two to strengthen its strategy group, which helps corporates and private equity investors develop and appraise business plans.
UK - TPG could walk away from B&B investment
Reports suggest that TPG has the legal right to abandon its £179m investment in mortgate lender Bradford & Bingley if the banks credit rating drops further.
UK - Park Place promotes new partner
Park Place Corporate Finance has promoted James Stones to partner.
UK - Foresight supports Silvigen
Foresight Group has invested £1.75m in Silvigen Ltd, a producer and supplier of biomass fuels for use in the power industry.
UK - Private equity looking into Informa
A consortium of private equity houses, comprising Providence Equity Partners, Carlyle Group and Hellman & Friedman, has approached specialist business-to-business information provider Informa regarding a potential takeover offer that would value the business...
UK - Beringea invests £1.5m in Chess Technologies
Beringea has invested £1.5m in defence subsystem supplier Chess Technologies.
UK - LDC invests in Eve Trakway
LDC has invested an undisclosed sum in Eve Trakway, a supplier of temporary pedestrian and vehicle access equipment, such as roadways, footpaths, bridges and crowd control barriers, and ground protection systems which are used in major rail, communications...
UK - Sun Capital on verge of rescue deal for SCS Upholstery
Sun Capital is close to finalising the rescue takeover of furniture chain SCS Upholstery.
UK - Hutton Collins puts James Hull Associates up for sale
Specialist and cosmetic dental surgeons group James Hull Associates has been put up for sale by mezzanine provider Hutton Collins, with the asking price thought to be around £200m. Candover and GI Partners are believed to be among the potential bidders...
UK - Oakley acquires Monument Securities
Oakley Capital has acquired Monument Securities, a financial services company specialising in international derivatives.
UK - TPG to in bring senior management at B&B
TPG, the private equity group that is poised to acquire a 23% stake in buy-to-let lender Brandford & Bingley, has said that it is keen to bring in two key managers with banking expertise to help stabilise the bank on a temporary basis while it looks for...
GLOBAL - DIC appoints new managing director
Dubai International Capital has appointed David Smoot as managing director of its private equity team.
Not all seconds are sloppy
More private equity-backed companies are growing the bottom line through top-line growth, not cost savings, and the best results stem from deals sourced from private, not public, owners - even if that's another buyout house. Kimberly Romaine reports on...