UK / Ireland
UK - Finance Cornwall invests in Nature Paint Ltd
Finance Cornwall has invested an undisclosed sum in ecological paint manufacturer Nature Paint Ltd. Management also invested through Atticus Ltd and CAG Ltd, while Royal Bank of Scotland and South West Investment Group provided additional working capital...
UK - IMAC invests £7m into Review Centre
Ingenious Media Active Capital (IMAC) has invested £7m into Review Centre Ltd, a newly formed company that has been set up to acquire review website operator Resource Team Ltd, in exchange for 71.5% of the company's shares.
UK - 3i Infrastructure buys £86m of utilities debt
3i Infrastructure has invested £86m to buy debt in utilities including Thames Water, Viridian and National Grid Wireless.
UK - Close Ventures invests £1.35m in Vibrant Energy
Close Ventures has injected £1.35m into energy services company Vibrant Energy Surveys Ltd as part of a £1.5m funding round.
UK - Apax backs spin-out of Sense
Apax Partners has led the buyout of biotechnology company Sense Proteomic Ltd from biosciences tools company Procognia Ltd.
GLOBAL - 3i Infrastructure raises fresh funds
Despite the current sombre economic backdrop, 3i Infrastructure has launched a £114.6m new share issue to increase its warchest for investing in global infrastructure assets. The firm is issuing just over 108 million new shares at a price of 106 pence...
UK - B&B shareholders react angrily to TPG rights deal
Investors in struggling buy-to-let lender Bradford & Bingley (B&B) have expressed anger over the banks announcement that it will grant private equity firm TPG Capital anti-dilution rights to protect its planned £179m investment.
EUROPE - Industri Kapital re-brands as IK Investment Partners
Industri Kapital has changed its name to IK Investment Partners (IK) to mark the evolution of the firm’s investment and geographic focus.
GLOBAL - TPG en route to closing record buyout fund
TPG Capital's latest fund is well on course to top Blackstone Group's record USD 21.7bn offering last year, reports suggest. The news comes just a day after it was reported that China's State Administration of Foreign Exchange has invested more than USD...
UK - Advent set to submit second round bid for Craegmoor
Advent International is set to submit a second round bid to acquire Craegmoor Heathcare, a care home provider, reports suggest.
UK - Sovereign Capital portfolio company acquires Sureway Gas
Sovereign Capital-backed Kinetics Group, a provider of maintenance services to the social housing sector, has acquired heating and plumbing contractor Sureway Gas.
GLOBAL - China invests USD 2.5bn in TPG fund
China's State Administration of Foreign Exchange has agreed to invest more than USD 2.5bn in the latest TPG fund.
UK - YFM invests £300,000 in eflow
YFM Group managed South West Ventures Fund has invested £300,000 in eflow Ltd, a specialist software developer for the banking and financial industry.
UK - Bayside closes H.I.G. Bayside fund II at USD 3bn
Bayside Capital, the distressed debt affiliate of H.I.G. Capital, has held the first and final closing of its H.I.G. Bayside II fund with total commitments of USD 3bn.
GLOBAL - LPs concern over GP strategy shift
According to a global barometer by Coller Capital, global LPs are worried about recent GP strategy shifts as the credit crisis continues to bite.
UK - Cinven completes EUR 200m SBO of Partnership Assurance
Cinven has acquired retirement solutions provider Partnership Assurance for a total consideration of around EUR 200m in a secondary buyout from Phoenix Equity Partners.
UK - RBS backs secondary MBO of PSCA
Royal Bank of Scotland's Total Capital Finance division has backed the secondary management buyout of PSCA International, a provider of publications, media information and events to the public sector, from Aberdeen Asset Managers for an undisclosed sum.
UK - Babson announces new head of distribution
Babson Capital Europe has appointed Andrew Godson as new head of distribution.
UK - NVM makes 70% IRR from Product Support sale
NVM Private Equity has sold its stake in logistics services supplier Product Support Ltd to Wincanton, realising an IRR of over 70%.
GLOBAL - Bear Stearns private equity arm to spin out
Bear Stearns Merchant Banking, the private equity arm of investment bank Bear Stearns, is to spin out into an independent company.
UK - Aon expands investment consulting practice
Aon Consulting has expanded its investment consulting practice into Bristol and appointed Sarah Zambonini to head up the new office.
UK - Fred Kindle joins Clayton, Dubilier & Rice
Clayton, Dubilier & Rice (CD&R) have appointed Fred Kindle as partner.
GLOBAL – Lime Rock closes fifth fund on USD 1.4bn
Lime Rock has closed its fifth fund, Lime Rock Partners V LP, on USD 1.4bn. The fund will continue the firms focus on global growth capital opportunities in energy projects.
UK - ACP Mezzanine to raise EUR 80m
ACP Mezzanine Ltd, a subsidiary of ACP Capital Ltd, has announced plans to raise EUR 80m through a secondary placing to new and existing investors. A total of 133.33 million shares would be placed priced at 60 pence per share.