UK / Ireland
UK - Impax appoints new investment manager
Impax Asset Management has appointed Lee Clements as investment manager.
UK - Research reveals mixed verdict on Walker guidelines
A new study conducted by business and financial adviser Grant Thronton has revealed a mixed response to the Walker Report guidelines from UK private equity professionals.
Every cloud
When PPM Capital changed its name to Silverfleet Capital a few weeks ago it closed the door on one of the most protracted private equity spin-outs in recent years. By Nathan Williams
EUROPE - Carlyle closes third European real estate fund on EUR 2.2bn
The Carlyle Group has closed its third European real estate fund, Carlyle Europe Real Estate Partners III (CEREP III), on EUR 2.2bn, exceeding its EUR 1.5bn target. Including leverage, the vehicle will have an investment capacity of EUR 9bn.
UK - Aberdeen backs buyout of Nessco
Aberdeen Asset Managers Growth Capital has led an equity investment of £4m to support the management buyout of Nessco Group, a telecommunications services provider.
GLOBAL - Intel defies economic downturn
Despite the global credit meltdown and resultant sombre sentiment in the investment markets, Intel Capital has invested more than $60m across ten deals in the last couple of weeks.
UK - L Capital et al acquire Princess Yachts
A consortium including Groupe Arnault, LVMH and L Capital has acquired yachting brand Princess Yachts International Plc, with market rumour putting the value of the deal at around £200m.
UK - TPG seeks more UK bank deals
Reports suggest that TPG Capital is seeking to use its investment in Bradford & Bingley Plc as a springboard for stake-building in other banking institutions.
EUROPE – Björn Savén as executive chairman of Industri Kapital
Industri Kapital has appointed Björn Savén as executive chairman.
UK - TPG becomes largest shareholder in Bradford and Bingley
TPG Capital has invested £179m into struggling mortgage lender Bradford and Bingley (B&B) for a 23% stake, making the private equity firm the banks largest single shareholder.
UK - 3i and Terra Firma walk away from Novera
3i and Terra Firma, who had been considering making a bid for Novera Energy, the landfill gas and wind farm company, have withdrawn their interest in a possible takeover.
UK - LDC portfolio company acquires Millennium Insurance
LDC-backed Direct Group, an provider of outsourcing services to the insurance industry, has acquired Millennium Insurance, a provider of general insurance solutions, for an undisclosed sum.
UK - Lehman Brothers invest in Graphite Resources
Lehman Brothers Private Equity has, alongside management and other investors, completed the buyout of waste management company Graphite Resources, taking a 45.3% stake in the business.
UK - Octopus invests £1.25m in The Key Revolution
Octopus Ventures has invested £1.25m from its Octopus Titan VCTs into authentication and encryption technology company The Key Revolution in return for a substantial stake in the company.
UK - Biffa banks sell down debt
The banks that financed the buyout of Biffa in April 2008 have completed the syndication of £1bn of debt.
UK - Bestport and Close Ventures exit Grosvenor Health in £19.6m sale
Bestport Ventures and Close Ventures have exited their investment in healthcare provider Grosvenor Health Ltd through a trade sale to service company Serco Group for a total consideration of £19.6m.
UK – TPG to acquire 23% of Bradford & Bingley
According to reports, TPG Capital is set to acquire a 23% stake in buy-to-let lender Bradford & Bingley for £179m. Other investors will be putting in £258m, while fees for the rights issue are thought to be around £37m. Bradford and Bingley will therefore...
UK - Nomura tries out new investment model
Saniago Corral, head of Nomura Internationals' London-based European Funds group, is trying out a new investment model designed to win over skittish institutional investors.
UK - Investec provides £11m follow on funding for Telinet
Investec Growth & Acquisition Finance has continued its support of telecommunications provider Telinet Group, providing a follow on investment of £11m in the form of preferred equity to finance the acquisition of IT outsourcing company Pasporte Ltd.
UK - Gresham appoints new investment partner
Gresham has appointed Dan Hatcher as investment partner.
UK - LGV acquires SandpiperCI division
LGV Capital has acquired the Hospitality Division of Duke Street-owned SandpiperCI, a Jersey-based food retailer.
UK - SGAM AI and CM-CIC back £11m Jobpartners investment
Société Générale Asset Management Alternative Investments (SGAM AI) and CM-CIC Private Capital have taken part in a £11m third round of funding for HR software company Jobpartners.
UK - Carlyle interested in Filtronic
Carlyle Group has announced that it is looking into a possible acquisition of listed electronics group Filtronic Plc.