UK / Ireland
UK - TA Associates to float SmartStream
TA Associates is to float its software portfolio company SmartStream next month. The IPO is seeking to raise £100m, of which £30m will be from TA's sale of a 20% shareholding in the company as it plans to reduce its stake to approximately 60%.
UK - Barclays Ventures sells ARM back to management
Barclays Ventures has sold its shareholding in Advanced Resource Managers Ltd (ARM) to the existing management team. The exit will generate an IRR of 25% for Barclays Ventures. Established in 1996, ARM is a technical recruitment and training consultancy...
UK - Mayer Brown appoints new senior corporate partner
Law firm Mayer Brown has announced that William Charnley will join the firm's Corporate Group as senior partner from McDermott Will & Emery UK LLP on 1 October 2007.
UK - 3i thought to be amongst bidders for United Utilities distribution arm
3i is thought to be one of a handful of private equity firms considering a bid for the electricity distribution arm of United Utilities. United Utilities has appointed Deutsche Bank to conduct the sale of the business formerly known as Norweb which serves...
UK - LDC sells Telecom Service Centres for £40m
LDC has realised its investment in Telecom Service Centres (TSC) through a sale of the Scottish business to Indian counterpart Hero Ites. The deal values TSC at £40m. Hero Ites, part of Hero Group and with facilities in Delhi, will merge the two businesses...
UK - LDC takes minority stake in security firm
LDC has invested in security firm Vision Security Group. The deal sees LDC take a minority stake in the business. The corporate finance team at Deloitte in Nottingham initiated and introduced LDC to the transaction. Debt funding was provided by RBS Corporate...
UK - Infinity appoints Natasha Pastouna
Infinity Asset Management has expanded its team with the appointment of Natasha Pastouna. Pastouna has joined newly-launched Manchester-based Infinity from PKF in Manchester.
UK – IMAC in £10m digital marketing acquisition
Ingenious Media Active Capital will invest up to £10m to back the acquisition of integrated marketing communications agency of Rise Communications.
UK - XMOS Semiconductor raises $16m for Software Defined Silicon
The creator of Software Defined Silicon (SDS) chips, XMOS Semiconductor, has secured US16m series-A venture capital funding.
UK – Close Ventures backs Heathrow hotel
Venture Capital Trust manager Close Ventures has announced it will invest up to £6.5m in a hotel at Heathrow’s new Terminal 5.
UK – Beringea invests in Steak Media
Beringea, through its ProVen VCTs, has provided expansion funding for Steak Media, a digital marketing specialist.
UK – Kreos appoints Hirtzel COO
Venture debt specialist Kreos Capital has named Simon Hirtzel as chief operating officer.
IRELAND - CIT expands Irish presence
Commercial and consumer financial solution provider CIT has announced the expansion of its European Vendor Finance headquarters in Dublin.
GLOBAL – Pantheon makes NY hire
Pantheon, a global fund-of-funds and secondaries player, as appointed Rudy Scarpa to its secondaries team as partner.
UK – Hutton Collins scales £150m Everest deal
Hutton Collins has acquired a 21.5% stake in home improvement company Everest in a deal that values the company at £150m.
UK - Bowmark invests in travel services provider JAC Group
Bowmark Capital has invested £11m in b2b travel services provider JAC Group. Royal Bank of Scotland provided an unspecified amount of additional senior debt to support the deal.
EUROPE - Stoxx launches private equity index
Stock exchange monitor Stoxx today launched a new index which tracks the performance of Europe's 20 largest listed private equity firms.
UK - Beringea backs Coal Restaurants
Beringea has committed £1.7m to emerging dining chain Coal Restaurants through its ProVen VCTs. The fund manager knew the firm's founder John Gater through a previous partnership with Gater's Ma Potter’s restaurants. Beringea sold the 16-strong chain...
EUROPE - CVC hires former RBS CFO
CVC Capital Partners has appointed former Royal Bank of Scotland (RBS) chief financial officer Fred Watt as chief operating officer.
UK - Kelso floats Sepura
Kelso Place Asset Management has floated Cambridge-based radio terminal supplier Sepura on the London Stock Exchange for proceeds of £42m.
UK – Bridges invests in Newcastle building
Bridges Ventures has invested £750,000 in The Sheffield Insulation Unit, an industrial building in Newcastle.
UK - Imperial Innovations Group invests in Molecular Vision
Imperial Innovations Group has invested EUR 500,000 in handheld diagnostics device developer Molecular Vision.
EUROPE - Bear Stearns Private Equity seizes the moment
In an interview with unquote", Bear Stearns Private Equity director Greg Getschow explains that market upheaval can be good for business and how GPs will have to rediscover the essence of private equity. The last few weeks have been a challenging...
UK - NVM invests £3.35 in Promatic Group
NVM Private Equity has backed the £7.5m management buyout of Promatic Group, a clay pigeon trap business. Based in Cheshire, Promatic designs and fabricates its own branded clay pigeon launchers, supplying the sporting and leisure markets in the UK and...