UK / Ireland
UK - Duke Street appoints Drummond Hall
Duke Street Capital has appointed Drummond Hall to its team of operating partners.
UK - IMAC invets £2.3m in QobliQ
Inegnious Media Active Capital Ltd (IMAC) has invested £2.3m in QobliQ Ltd, an international marketing services group.
UK - ICG plans to raise £1bn for new recovery fund
Intermediate Capital Group is planning to raise £1bn for a new recovery fund designed to buy leveraged loans that banks provided for deals and are now selling at a discount to face value.
UK - Generali drops out of race of RBS insurance arm
Italian insurer Generali has become the latest potential bidder to announce that it will not participate in the £7bn race for Royal Bank of Scotland's insurance assets, following earlier reports that Warren Buffet has also dropped out of the auction....
UK - Zeus hires new investment executive
Zeus Private Equity has appointed James Winterbottom as investment executive.
UK - Rutland Partners promotes partner
Rutland Partners has promoted Ben Slatter to partner.
UK - Octopus launches Titan VCT 3
Octopus Investments has launched Octopus Titan VCT 3 Plc, which will seek to raise up to £25m in the 2008/2009 tax year.
UK - Arcapita eyeing Freightliner
Arcapita is reportedly conducting due diligence investigations of rail haulage specialist Freightliner. The company has been 76% owned by 3i and Electra Capital Partners since 1996.
UK - Palamon portfolio company to float
Financial services business Towry Law, which is partially owned by Palamon Capital Partners, is reported to be planning to float in 2008.
UK - Aberdeen invests in Training for Travel Limited
Aberdeen Asset Managers Growth Capital has led an investment into Training for Travel Ltd, a provider of government funded training services to travel companies.
UK - Princess joins iPEIT
iPEIT, the group of London-listed private equity investment vehicles that was formed in 2006 to increase understanding of the listed private equity sector, has expanded its membership to eleven with the inclusion of Princess Private Equity Holding Limited,...
UK - MSIF invests £3m into Vitaflo
Merseyside Special Investment Fund's (MSIF) Venture Fund has invested £3m as part of a funding package to refinance nutritional products company Vitaflo.
UK - Electra holds final closing of £100m fund
Electra Partners has closed a new £100m fund designed to invest alongside its principal listed vehicle, Electra Private Equity Plc, in private equity investment opportunities mainly in the UK and Western Europe.
UK - Smedvig supports Ocean Outdoor with £5.5m
Smedvig Capital has invested £5.5m into Ocean Outdoor, a manager of large scale advertising sites.
UK - Balderton appoints new partner
Balderton Capital has appointed Dharmash Mistry as a new partner.
UK – Halliburton goes head to head with Candover for Expro
According to reports, US oil-field services giant Halliburton has launched an all-cash offer for listed British rival Expro International valued at £1.7bn, surpassing the £1.61bn bid presented by a consortium led by Candover last month.
UK - UPF seals first deal
MTI Partners' recently launched fund UMIP Premier Fund (UPF), targeting University of Manchester spin-outs, has invested £1m into Myconostica, a medical diagnostics company, as part of a £5.4m funding round.
UK - Sovereign portfolio company acquires Intercity Group
Sovereign Capital portfolio company LPM Group, a provider of contract cleaning, security and maintenance services, has acquired InterCity Group Ltd, a supplier of office and industrial cleaning and manned guarding services.
EUROPE – Capricorn closes EUR 100m fund
Capricorn Venture Partners has closed its third venture capital fund, Capricorn Cleantech Fund, on EUR 100m.
UK - RJD portfolio company acquires Rock Computers
Stone Group, which was acquired by RJD Partners earlier this year, has made its first bolt-on acquisition by buying notebook manufacturer Rock Group Plc for an undisclosed sum.
UK - Aberdeen acquires TC Communications
Aberdeen Asset Managers Growth Capital has led the buyout of marketing and communications agency TC Communications Ltd.
UK - Boots debt on the move
The consortium of banks holding the leveraged loans which supported KKR's buyout of Alliance Boots are close to selling around a third of the debt.
UK - MTI restructures and appoints investment manager
MTI has appointed Mark Rahn as investment manager and has restructured some of its key roles in preparation for the fund raising of MTI6.
If you can't beat 'em join 'em
First they drove up prices, now they’re poaching professionals. Western buyout houses are upping the intensity in CEE. By Kimberly Romaine