UK / Ireland
UK - Endless acquires Lancashire Chemical Works
Endless has acquired Lancashire Chemical Works Ltd (LCW), for an undisclosed sum, in a management buy-in deal led by Richard Sykes. The transaction represents an exit for the family shareholders. Incoming managing director Sykes had been looking at the...
UK - Sovereign reaps 5.7x return from Complete sale
Sovereign Capital has wholly exited its stake in homecare services provider Complete Group in a £33m trade sale to Claimer Care Group Plc, generating returns of 5.7x the money invested and an IRR of 51%.
UK - Matrix backs £6m buyout of Focus Pharmaceuticals
Matrix Private Equity Partners has financed the £6m management buyout of Focus Pharmaceuticals. The deal was structured using an integrated debt and equity package. Matrix invested £3.2m and acquired a minority stake in the business.
UK - SEGF leads £1.6m investment in Anaxsys
The South East Growth Fund (SEGF), a venture capital fund managed by West Midlands Enterprise Litd, has led a £1.6m investment in Anaxsys Technology Ltd, a medical device company focussed on the treatment of asthma.
UK - NVM realises 2.9x from divestment of KCS
NVM Private Equity has sold its stake in payroll software business KCS Global Holdings Ltd realising returns of 2.9x and an IRR of over 50% per annum on its two year investment. KCS was acquired by Sage, the management software provider, for £20m.
UK - 3i appoints general counsel
3i has announced the appointment of Kevin Dunn as general counsel, responsible for the group's legal, compliance, internal audit and company secretariat functions.
UK - Catapult exits Transvisual Media
Catapult Venture Managers has wholly exited its stake in security system software and hardware company Transvisual Media Ltd (TVM) in a trade sale to Soncell Ltd, a manufacturing subsidiary of Bowmer and Kirkland Ltd, for an undisclosed sum.
EUROPE - WINNERS ANNOUNCED for Nordic unquote” Private Equity Awards
Nordic unquote” is delighted to announce the winners of its second awards for Nordic Private Equity, held last night at the Grand Hotel, Stockholm. The event immediately followed on from a day-long Congress dedicated to discussing developments in the...
UK - LSP and SR One lead £16m investment in Syntaxin
Life Science Partners (LSP) and SR One, GlaxoSmithKline's independent corporate healthcare fund, have led an investment of £16m in biopharmaceutical company Syntaxin Ltd in a series-B funding round.
UK - Palamon and Electra-backed SAV Credit makes £385m acquisition
Palamon Capital Partners and Electra Private Equity-backed SAV Credit Ltd has acquired HSBC's marbles and Beneficial branded credit card portfolios for £385m. SAV was founded in 2001 as a provider of credit cards to consumers overlooked by mainstream...
UK - H.I.G. Capital boosts London team
H.I.G. Capital has appointed Mark Kelly and Andrew Busby to bolster its London team. H.I.G. Capital is a global private equity firm specialising in providing capital to small and medium-sized companies. It recently closed a EUR 600m dedicated fund to...
UK - ISIS makes first portfolio acquisition for Paragon
ISIS Equity Partners has completed the acquisition of Raglin Care Ltd on behalf of portfolio company Paragon (UK) Ltd, a provider of supported living services to adults with learning and physical disabilities.
UK - BOSIF sees 2.9x return from Beck & Pollitzer
Bank of Scotland Integrated Finance has realised its investment in Beck & Pollitzer Ltd, achieving an overall equity return of 2.9x times funds invested, equating to a realised equity IRR of 48%.
US/UK - DIC to take 9.9% stake in Och-Ziff
Dubai International Capital (DIC) is to acquire a 9.9% outstanding equity stake in Och-Ziff Capital Management Group upon completion of Och-Ziff's planned IPO. The purchase price per share paid by DIC will be determined by the pricing of the flotation...
UK - Bank of Scotland takes stake in Pi Capital
Bank of Scotland Corporate has taken a strategic 19.9% stake in Pi Capital through its Growth Equity team. No shares were sold by existing Pi shareholders. Following Bank of Scotland's investment, Pi Capital will gain access to the Bank's pipeline of...
UK - Penta Capital sells stake to Old Oak Holdings
Penta Capital has arranged a strategic investment from Old Oak Holdings Ltd. The deal will see Old Oak, the independent fund management group owned by hedge fund manager Martin Hughes, acquiring a 40% equity stake in Penta Capital for an undisclosed consideration....
UK - Spark and Acacia lead $16m funding round for Skinkers
SPARK Ventures Plc (formerly NewMedia SPARK) and Acacia Capital Partners have led a $16m second round of funding for Skinkers, an information broadcast technology company.
UK - Octopus appoints new investment manager
Octopus Investments has strengthend its investment team with the appointment of Purvi Sapre as investment manager in its private equity team.
UK - Sovereign creates £21m turnover learning and skills business
Sovereign Captial has merged three of its portfolio companies to create Employability and Skills Group (ESG), a new £21m turnover learning and skills company.
UK - Key Capital Partners completes first deal
Key Capital Partners has completed its first investment from its maiden fund. KCP invested £4.3m to acquire a significant minority stake in Birmingham-based recruitment company Templine Recruitment Ltd. Yorkshire Bank provided senior debt and working...
UK - MPs comment on capital gains tax at BVCA spinout conference
Charles Hendry MP, the Conservative Shadow Secretary of State for Business, Enterprise and Regulatory Reform today labelled the approach taken by the government to capital gains tax as "damaging to the country's entrepreneurial spirit." Dr Vince Clarke...