UK / Ireland
UK - NBGI completes £20m food service buyout
NBGI Private Equity has completed the £20m management buyout of Peter's Food Service Ltd, a manufacturer and food service distributor of chilled savoury pastry products, from its private vendors. The deal represents the group's first from its second...
UK - NewMedia SPARK rebrands as SPARK Ventures
NewMedia SPARK Plc, the AIM-quoted venture capital investor, has announced the re-branding of the business as SPARK Ventures Plc. The change reflects the expansion of SPARK’s investment management skills beyond the ‘new media’ sector, to include...
UK/EUROPE - Bank of Scotland merges UK and European leverage finance teams
Bank of Scotland Corporate has merged its UK structured finance and acquisition finance teams with its European leveraged finance business to create a single leveraged finance business that will operate on a pan-European basis.
UK - WHEB Ventures appoints new investment analyst
WHEB Ventures, a venture capital firm focussed on the European clean technology sector, has announced the appointment of Megan Bingham-Walker as investment analyst.
UK - Smedvig portfolio company appoints new CEO
Smedvig Capital Portfolio company SUSO Drinks Ltd has appointed Sean Uprichard as CEO.
UK - DFJ portfolio company secures $40m funding round
DFJ Espirit portfolio company diagnostics company Oxford Immunotec has completed the first stage of $40m series-E funding round.
UK - Noble and Co appoints director
Independant investment bank Noble and Company has announced the appointment of Daniel Confino as director.
UK - Bridges boosts Credential with £6m investment
Bridges Ventures has committed £6m to support the growth of tyre reprocessing company Credential Environmental Ltd. Bridges has taken a minority stake in the company. The transaction includes an initial £4m investment, with a further £2m allocated...
UK - SVG Capital joins iPEIT
SVG Capital has joined iPEIT, the Initiative for Private Equity Investment Trusts, a group of 10 UK-listed private equity funds. iPEIT was launched in Septmeber 2006 with the goal of raising the profile and increasing the understanding of listed private...
UK - LK Bennett next private equity target
Luxury fashion chain LK Bennett is the next retailer likely to be acquired by private equity. The 74-store strong business is wholly owned by its founder and is expected to have a price tag of approximately £150m. Rothschild has been retained to facilitate...
UK - TA Associates backs SBO of M and M from ECI
TA Associates has backed the secondary management buyout of sports mail order company M and M Direct Ltd from ECI Partners. ECI backed the buyout of M and M in 2004 since when sales have grown at 18% per annum to £80m and profits at 28% per annum. Terms...
UK - Nova completes £75m acquisition of international laboratory group
Nova Capital Management has completed the £75m acquisition of international laboratory group Barloworld Scientific Laboratory Group (BSLG) from Barloworld Ltd, a South African-listed industrial company.
EUROPE - NEXT WEEK: Nordic unquote” Congress & Awards
Join unquote” next Tuesday evening in Stockholm for the second annual Nordic Private Equity Awards. The event brings together industry luminaries to celebrate innovation and accomplishment in the Nordic private equity market. Places are still available...
EUROPE - NEXT WEEK Nordic unquote” Congress & Awards
Join unquote” next Tuesday evening in Stockholm for the second annual Nordic Private Equity Awards. The event brings together industry luminaries to celebrate innovation and accomplishment in the Nordic private equity market. Places are still available...
UK - Morgan Stanley Private Equity appoints Michael Hehn
Michael Hehn is to join Morgan Stanley Private Equity from Allianz Capital. From December 2007, Hehn will be based at Morgan Stanley's London office.
UK - Barclays Ventures backs BIMBO of Howorth Airtech
Barclays Ventures has backed the buy-in management buyout (BIMBO) of Howorth Airtech Ltd. Based in Bolton and employing nearly 100 people, Howorth provides ultra clean air solutions for the medical and pharmaceutical markets in the UK and overseas. The...
UK - ISIS generates 69.5% IRR from £15.7m Bolden sale
ISIS Equity Partners (ISIS) has wholly exited its stake in communications software provider Bolden James Holdings Ltd in a sale to QinetiQ Group Plc for a cash consideration of £15.7m, generating an IRR of 69.5% and a 3.11x return on its investment.
UK - Balderton appoints technology entrepreneur as partner
Balderton Capital has announced the appointment of technology entrepreneur Roberto Bonanzinga as partner.
UK - 3i and Oak Hill-backed Telecity to float
3i and Oak Hill Investors are listing data centre operator Telecity Group on the main market of the London Stock Exchange. The IPO is pricing Telecity shares at 220p each, representing a market capitalisation of £436m. The flotation of Telecity follows...
UK - 3i leads $26m funding round in CamSemi
3i has led a $26m investment in fabless semiconductor company CamSemi.
UK - LDC appoints new partnerships director
LDC has appointed Edward Hayter to the specially created position of partnerships director.
UK - Phoenix takes stake in organic food delivery business
Phoenix Equity Partners has taken a minority stake in Abel & Cole, an organic food delivery business, in a deal thought to value the company at £35m.
UK - CIT hires new lead origination director
CIT Capital finance (UK) Ltd has announced the appointment of Toby Deane as lead origination director for the group's leveraged finance team.
GLOBAL - Carlyle and Apollo in $1bn joint venture
The Carlyle Group has joined forces with Apollo Group Inc to form Apollo Global Inc, a $1bn venture designed to make investments in the international education sector.