UK / Ireland
UK - Glitnir funding team grows with appointment of Jean-Pierre Albin
Glitnir has continued its growth in the UK market with the appointment of Jean-Pierre Albin as a director of long term market funding. Albin, formerly of the syndication desk at Mizuho International in London, has been recruited to work in the Bank's...
UK - BVCA and TUC attend roundtable talks
At the invitation of TUC General Secretary Brendan Barber, this morning representatives from trade unions and the BVCA met for a roundtable discussion at Congress House. At the invitation of the BVCA, another meeting is planned for the autumn. The tone...
UK - NVM invests £7m in building consultants buyout
NVM Private Equity (NVM) has invested £7m in the management buyout of building services consultants Foreman Roberts.
UK - Beringea leads £2.2m funding for Harmony Media Group
Beringea has lead a £2.2m investment round in Harmony Media Group. Harmony Media Group is the newly formed parent company of Filmnight Digital and Saffron Digital. Beringea provided the funding through its ProVen VCTs.
UK - Zinwave in second fundraising round
Scottish Equity Partners is reported to be involved in a series-B fundraising round for Zinwave. Zinwave's technology prevents buildings, tunnels and elevators from disrupting the high frequency signals of cellular and wireless services. Zinwave is currently...
UK - Inflexion kits itself out in Jack Willis
Inflexion Private Equity has acquired a minority stake in Jack Wills, the British preppy premium clothing retailer.
UK - Imperial and The Capital Fund back NanoBioDesign
Imperial Innovations and The Capital Fund have together invested £500,000 in NanoBioDesign Limited (NBD), a company developing a range of toxicity screening systems to speed up the drug discovery process. The company will use the funds to secure contracts...
UK - IQ Capital leads £650,000 investment in Spikes Cavell
IQ Capital has made its second investment since its launch in 2006 leading a £650,000 funding round in Spikes Cavell & Co. IQC have completed a £400,000 investment in the business alongside funding provided by an angel investor.
UK - Apax-backed Incisive acquires ALM for £315m
Apax Partners-owned Incisive Media has acquired ALM, a publisher of 33 national and regional magazines and newspapers focused on the legal and real estate communities, for £315m from US Equity Partners. US-based ALM's titles include The American Lawyer,...
UK - LDC backs social housing business
LDC has backed social housing maintenance contractor HT Forrest to support its future growth plans. LDC has invested an undisclosed sum for a significant stake in the fast-growing company. The deal enables several minority shareholders to exit. Royal...
GLOBAL - KKR to float
KKR is to follow in the steps of its rival Blackstone by floating on the New York Stock Exchange. KKR filed an initial public offering registration with the SEC on Tuesday and will seek to raise $1.25bn in new capital from the flotation. However, unlike...
UK - John Lovering joins Barclays Capital
Barclays Capital has announced that John Lovering, founder of Echelon Capital, has joined the investment bank as a vice chairman. He will work with Roger Jenkins, head of principal investing and private equity, to develop Barclays' position as an equity...
UK - Duke Street ups bid for listed dental care business
Duke Street Capital has raised its offer for AIM-listed dental services provider Oasis Healthcare Plc. The fresh bid of 94p per share values the company at £88.2m topping Duke Street's previous offer of £76.9m. Duke Street hopes that this latest offer...
UK - Ingenious Music VCT backs new UB40 album with £1m
Ingenious's two Music VCT funds have invested approximately £1m to back the 24th album of reggae band UB40. This deal is a joint venture with record label Reflex Muzic Ltd.
UK – Matrix in new type of fundraising effort
Small buyout specialist Matrix Private Equity is looking to raise at least £5,000 for Breakthrough Breast Cancer. The firm is sending deal-doers Mark Wignall, Ashley Broomberg and Guy Blackburn on a 50-mile journey from London to Cambridge on 22 July....
UK - No tax changes imminent says Darling
The new Chancellor Alistair Darling has told the Financial Times that he will not be making any knee jerk reactions to change the tax regime enjoyed by the UK's private equity industry. He urged critics not to suggest that "all private equity is bad -...
UK - New Look sale off
It is reported that a consortium comprising Warburg Pincus, TPG and BC Partners have pulled out of a sale process to buy fashion retailer New Look. A £2bn price-tag was too much for the Warburg Pincus-led team who are understood to have offered £1.7bn,...
UK - MSIF invests £300,000 in software company J2 Aircraft Dynamics
Merseyside Special Investment Fund's Seed Fund has provided software company J2 Aircraft Dynamics with £300,000 of funding. The investment follows an earlier round of £100,000. The software has the potential to transform the aircraft manufacturing industry.
UK - Third Meeting of the Treasury Select Committee
Asked about what he thought of the AA/Saga deal at the third hearing of the Treasury Select Committee today, Jon Moulton replied, “It was very large and very profitable. It's not the finest PR we could have had, at a time when the industry is under...
US/UK - Campbell Lutyens appoints Davidsson as partner
Placement agent Campbell Lutyens has promoted Christoffer Davidsson to a partner at the firm. Davidsson, who runs the firm’s New York office, joined in 2001 bringing with him experience gained at ING Barings and WR Hambrecht.
UK - Jaguar and Land Rover in private equity sights
A number of private equity firms, including Cerberus Capital Management, Ripplewood Holdings and One Equity Partners have received financial data on Ford's luxury UK brands Jaguar and Land Rover. Ford hired KPMG at the end of June to prepare the books...
UK - Lloyds TSB appoints David Whiteley as head of leveraged syndications
Lloyds TSB Corporate Markets has appointed David Whiteley as managing director and head of its newly formed leveraged loan syndication team. Whiteley has joined from Royal Bank of Scotland where he was a managing director in the capital markets syndications...
UK - Esprit Capital Partners appoints Cédric Latessa
Esprit Capital Partners has appointed Cédric Latessa as investment manager. Latessa was previously an associate at BIP Investment Partners in Luxembourg. At BIP, he was responsible for identifying, evaluating and appraising potential investments in TMT...
UK - YFM-run South West Ventures Fund provides Mirifice with £250,000
YFM-managed South West Ventures Fund has provided digital TV monitoring company Mirifice Ltd with £250,000 of funding. Mirifice has developed MirimonTM, a monitoring solution for Digital TV networks. The investment will be used to support the marketing...