UK / Ireland
UK - Oxford Capital Partners provides waste-to-energy project with £2.5m
Oxford Capital Partners has provided Inetec Ltd with a follow-on funding round worth £2.5m. Inetec is a developer of waste-to-renewable-energy projects in the industrial food manufacturing sector. Existing investors Finance Wales and other new investors...
UK - Promethean Investments acquires traded endowment policies business
Promethean Investments has acquired a 51% shareholding in TIS Group and a 51% shareholding in Protection Distribution Ltd (PDL). The financial buyer has invested £10m in cash and £40m in debt from its Promethean Investments Fund LP to facilitate the...
UK - Finance South West backs DT Media
YFM-managed Finance South West has invested a substantial sum in software company DT Media. DT Media has just won a major contract to supply the German Air Force with military training software to reduce the risk of ‘friendly fire’. Finance South...
UK - YFM invests £200,000 in The Alternative Energy Company
The Yorkshire and Humber Equity Fund, managed by YFM Group, has invested £200,000 expansion capital in energy equipment supplier and installer, The Alternative Energy Company Ltd. The funding round was boosted by a £50,000 investment from a business...
UK - DN Capital appoints Pierre Suhrcke as managing partner
DN Capital has appointed Pierre Suhrcke as managing partner. Suhrcke will focus on financial service technology companies and development capital deals at DN Capital as well as provide coverage for the German speaking countries. He was formerly the European...
UK - Sovereign continues Kinetics buy-and-build
Sovereign Capital-owned social housing services company Kinetics Group has acquired TA Horn Holdings, taking group revenues to £80m. The deal represents the third acquisition as part of Sovereign's buy-and-build strategy for Kinetics Group. TA Horn is...
UK - Linklaters boosts its banking practice
Linklaters has elected banking partner Brian Gray to join the firm’s London banking practice. Brian Gray specialises in leveraged and acquisition financing, with particular experience in public-to-privates, infrastructure transactions, securitisation...
UK - Global Infrastructure appoints Joseph Blum as partner
Global Infrastructure Partners (GIP) has appointed Joseph Blum as a partner and general counsel, based at the company’s London office. Blum will join GIP on 1 July 2007. He has extensive experience in representing sponsors and financial institutions...
UK - BLP expands leverage finance team
Berwin Leighton Paisner has expanded its leveraged finance practice with the recruitment of Philip Whale as a partner.
UK - Imperial Innovations in £2.3m investment in biopharmaceutical company
Imperial Innovations Group, Longbow Capital and The Capital Fund have completed a £2.3m investment in biopharmaceutical PolyTherics Ltd. Longbow Capital’s private client base invested £1.3m, and Imperial Innovations and The Capital Fund invested £750,000...
UK - LDC boost South team
LDC has boosted its South team three new appointments. Adrian Willetts, James Austin and Richard Stewart join the existing team headed by Regional Managing Director, Kevan Leggett. Willetts joins LDC as director with a focus on new business and supporting...
UK - Treasury Select Committee grills LBO representatives
Four representatives from the world's biggest buyout firms answered to a group of MPs at today's Treasury Select Committee. Whatever they felt privately about being made to account for the industry, publicly, the hearing was welcomed. "It's very important...
UK - Rutland portfolio company divests division
Rutland Partners portfolio company Wolstenholme Group Ltd is to sell the business and certain assets its metallic effect pigment and metallic printing ink business (the Metallics Business) to Eckart GmbH and Co KG for £22m. The sale is conditional on...
UK - Energy Ventures, HitecVision and Scottish Equity Partners sells MTEM to PGS makng 9x
HitecVision, Energy Ventures and Scotish Equity Partners have sold MTEM to PGS for USD 275m, making a 9x money multiple. 22% MTEM of the company was owned by the three investors, while 35% was owned by the University of Edinburgh. After the transaction...
UK - YFM invests £250,000 in Geonix
YFM has provided tracking technology company Geonix Tracking with £250,000 of funding via its South West Ventures Fund.
UK - Aberdeen commits £8.85m to oil and environmental services business
Aberdeen Asset Managers Private Equity has invested £8.85m of expansion capital in oil and environmental services provider Adler and Allan Ltd. Aberdeen takes a minority stake in the business.
UK - Boots deal one step closer to completion
The first delisting of a FTSE 100 company is one step closer to completion today after the trustees of the Alliance Boots pension fund struck a deal with KKR. The £11.1bn buyout is on track to complete on 28th June 2007 with KKR pledging to inject £418m...
UK - unquote” London Private Equity Congress – next week
Join unquote” next Thursday to hear the BVCA and Brendan Barber, General Secretary of the TUC, debate the merits of private equity at the unquote” London Private Equity Congress. Luke Johnson of Risk Capital Partners and Channel 4 will start the day...
UK - E-Synergy appoints Sam Richardson as investment director
E-Synergy has appointed Sam Richardson as investment director to the team managing its £30m Sustainable Technology Fund. The Sustainable Technology Fund, launched earlier this year, is a £30m UK Limited Partnership Fund backed by a mix of institutional...
UK - Cinven beats CVC, Terra Firma and BC Partners to BUPA
Cinven has won the battle for BUPA's 26-strong hospital division. The deal weighed in at £1.44m. Cinven beat off competition from a number of other private equity players with sources citing both the price it was prepared to pay as well as its other...
UK - Cerberus acquires Focus for £225m
Cerberus has acquired struggling DIY chain Focus. Unable to reach a debt restructuring agreement with its creditors, Focus has been the subject of negotiation since earlier this year. The sale of the company to US hedge fund Cerberus represents an exit...
UK - Bank of Ireland appoints Adrian Sainsbury as head of Global Specialised Finance
Bank of Ireland has appointed Adrian Sainsbury as Head of Global Specialised Finance. Sainsbury will be based in London and will have responsibility for the Bank’s specialised lending and UK corporate activities including asset based lending, media...
UK - Graphite sees 4.2x return on exit from Go Plant
Graphite has generated returns of 4.2x its investment in Go Plant through a sale of the business to Easternrange, a private investment vehicle. Go Plant operates a fleet of over 1,000 specialist vehicles including road sweepers, refuse vehicles and gully...
UK - RJD backs £50m BIMBO of TransLinc
RJD Partners has led a fundraising transaction worth £50m for the purchase of specialist fleet outsourcing business TransLinc. The deal structure is a buy-in management buy out. TransLinc was originally formed within Lincolnshire County Council. It became...