UK / Ireland
UK - Apax and Permira hang onto New Look
Reports suggest that Apax and Permira plan to continue to own clothes retailer New Look for some time. The private equity backers had planned to sell the company in mid-2007 but struggled to find appetite for the £1.8bn asking price. In late 2006, the...
UK - TA Associates promotes Christopher Parkin to Principal
TA Associates has announced the promotion of Christopher Parkin from vice president to principal.
UK - Catapult backs Kyoob with £500,000
Catapult Venture Managers has invested £500,000 into Kyoob Space Ltd, a company that designs, manufactures, hires and sells premium end relocatable buildings for the temporary accomodation market.
UK - Foresight and SPARK exit software business
Foresight Group and SPARK Venture Management, through its Quester VCTs, has sold software business Nomad Payments Ltd to Metavante Technologies, Inc for $58m. Nomad is a provider of prepaid and debt card processing and licensed software. The exit generated...
UK - Octopus backs £9.75m MBO of Tristar
Octopus Investments has invested £4.8m to support the £9.75m management buyout of Tristar Worldwide Chaffeur Services, with Barclays providing senior debt and invoicing discount facilities.
UK - Parallel Private Equity commits £70m to Greenhill fund
Parallel Private Equity has committed £70m to Greenhill & Co's first European fundraising effort. The money is structured as a £70m draw-down facility over five years. Greenhill announced the final close of the fund on £191m in December 2007.
UK - Advantage puts mortgage brokers on the block for £50m
Advantage Capital is to divest mortgage brokers portfolio company John Charcol for an estimated price of £50m. Gleacher Shacklock is to run a sale process to facilitate the disposal after Advantage received a number of approaches for the business.
UK - Blackstone edges closer to Close Brothers deal with £1.6bn offer
According to sources, Blackstone is prepared to pay up to 1,100p per share for Close Brothers. The offer represents a market capitalisation of £1.6bn for the London-listed investment bank.
UK - Electra Quoted Management acquires Peter Werth
Electra Quoted Management has led the £10m+ management buy-in of men's clothes brand Peter Werth. Clydesdale Bank provided a debt package to support the deal which represents an exit for founder Peter Werth.
UK/FRANCE - Platina announces EUR 75m close of fourth fund
Platina Finance Ltd has announced an intermediary close of its fourth fund, the European Renewable Energy Fund 1 LP (EREF), on EUR 75m. The fund was launched in October 2007 and is targeting a final close of EUR 250m by the end of 2008.
UK - Solon leads £1m Peakdale funding
Solon Ventures Ltd has led a £1m financing round for Peakdale Molecular Ltd, a specialist provider of chemistry services to the pharmaceutical industry.
UK - Terra Firma-backed EMI loses CEO
The chief executive and chairman of EMI, the record label acquired by Terra Firma in a £3.2bn take-private last year, has resigned. The news comes ahead of a restructuring plan for the group expected to be announced next week that will see hundreds of...
UK - Elderstreet achieves partial exit from IPO of Snacktime
Elderstreet Private Equity has achieved a partial exit on its investment in vending machine provider Snacktime Ltd following its IPO on AIM. The company placed just over 2 million shares at 144p a share, raising approximately £3m and representing a market...
UK - KCP hires new investment manager
Key Capital Partners has appointed Chris Sheasby as investment manager in its Cambridge Office.