UK / Ireland
UK - SEP et al. provide VirtenSys with $12m series-B funding
Scottish Equity Partners (SEP) and other existing investors Celtic House Venture Partners and GIMV have participated in a $12m series-B funding round for VirtenSys Ltd. The same syndicate of investors first provided the company with a series-A $12m investment...
UK - NorthStar invests £850,000 in Quick TV
North East venture capital firm, NorthStar Equity Investors (NSEI), has completed a £850,000 investment in Newcastle-based TV technology company, Quick TV Ltd. Leading a consortium of investors, NorthStar Equity Investors has backed the innovative business...
UK - Palamon appoints Lorenzo Pellicioli to its board of advisors
Palamon Capital Partners has appointed Lorenzo Pellicioli to its board of advisors. Pellicioli is currently CEO of the De Agostini Group, the Italian conglomerate with interests ranging from finance to publishing. As the CEO of Seat Pagine Gialle from...
UK - xénos facilitates £125,000 investment in bioscience company
xénos has faciliated a £125,000 business angel investment in bioscience company Asphalia Food Products. xénos is a subsidiary of Finance Wales. Following the deal, the Wales Business Angel Network, xénos owns a 20% stake in the company.
UK - BOSIF invests £12m+ in Quartix
Bank of Scotland Integrated Finance has invested a combined debt and equity package in excess of £12m in Quartix Ltd, a supplier of vehicle tracking systems. As a result of the deal, BOSIF has taken a 20% stake in the business, the balance is held by...
UK - ISIS backs £20m buyout of software company
ISIS Equity Partners has completed the £20m management buyout of CSC, a structural engineering software company. Yorkshire Bank provided a debt package to support the deal.
UK - Charterhouse strengthens team
Charterhouse Capital Partners has announced several personnel changes to its investment team. Geoff Arbuthnott has decided to leave the company. Charterhouse has made two new appointments to the team - Tim James has joined the firm from LGV and Robert...
UK - Stirling Square appoints Julien Horreard as associate
Stirling Square Capital Partners has appointed Julien Horreard as an associate.
UK - SEB leads £6m series-C funding for ShoZu
SEB Venture Capital has led a £6m series-C funding round for mobile application developer ShoZu, alongside existing investors Atlas Ventures, Crescendo Ventures and TTP Ventures.
UK - Advent International appoints new head of portfolio board development
Advent International has announced that Conor Boden has joined the firm to take up the newly-created role of head of portfolio board development. Boden formerly worked at 3i. His main focus will be on extending Advent’s existing operating partner programme....
UK - Zeus completes MBO of XLN Telecom
Zeus Private Equity (ZPE) has completed its fourth deal, backing the management buyout of telecommunications solutions provider, XLN Telecom Ltd. ZPE has invested £6.63m to acquire a majority stake in the business. Kaupthing Singer & Friedlander has...
UK - HgCapital sells Sanctuary Spa to PZ Cussons for £75m
HgCapital has sold The Sanctuary Spa Group to PZ Cussons, the consumer products group, for £75m. The Sanctuary Spa is a female body care brand in the UK. The company also operates The Sanctuary Spa in Covent Garden, which serves over 64,000 guests per...
UK - Imperial Innovations backs £11m Circassia funding
Imperial Innovations Group Plc has made a follow-on investment of £1.75m as part of an oversubscribed £11m second round of funding for biotechnology company Circassia Holdings Ltd, taking its stake in the business to 13%. New investors Goldman Sachs...
UK - MSIF supports Host Telecom with £100,000
The Merseyside Special Investment Fund's (MSIF) Liverpool Seed Fund has invested £100,000 to support Host Telecom, developers of a new mobile phone advertising application.
UK - 3i leads £53m investment in oil and gas services company TSMarine
3i and ABN AMRO Merchant Banking are between them investing £53m in Aberdeen-based TSMarine (Contracting) Ltd. TSMarine operates in the niche subsea rigless intervention and decommissioning market. ABN AMRO formerly provided a £130m debt facility to...
UK - HgCapital looks for up to £150m from sale of Clarion Events
HgCapital portfolio company Clarion Events is on the block for a price of between £120-150m. The sale process for the events business which runs more than 50 events globally is being managed by Close Brothers Corporate Finance. It is understood that...
UK - Graphite, Advent and 3i gear up for Kurt Geiger
Graphite Capital, Advent International and 3i are reported to be amongst bidders in the final round of an auction to acquire Kurt Geiger. The designer shoe retailer is currently owned by Barclays Private Equity. Hawkpoint is running the process to divest...
EUROPE - Investcorp Technology Fund exceeds target by $100m closing on $500m
Investcorp Technology Partners (ITP) has completed the fundraising for its latest vehicle Investcorp Technology Partners III (ITP Fund III) raising $500m. The final close exceeded the fund's initial target of $400m and beats the $300m raised for ITP Fund...