UK / Ireland
UK - Scottish Equity Partners strengthens team
Scottish Equity Partners (SEP) has made new two appointments to its expanding investment team. The two new hires are Sriram Srinivasan and Mark Gracey both of whom will be based in SEP’s London office. The duo, who are from India and Australia respectively,...
UK - JPMorgan launches Private Equity Fund Services in UK and appoints Huw Jones
JPMorgan has launched JPMorgan Private Equity Fund Services business in the UK to expand the business throughout Europe and the Middle East. The service offers fund administration and portfolio administration to European and Middle Eastern private equity...
UK - Charterhouse acquires TSL from Exponent
Charterhouse Capital Partners has acquired educational publisher TSL Education from Exponent Private Equity for an undisclosed sum.
UK - Beringea backs MBO of Eagle Rock from HgCapital
Beringea has backed the buyout of TV and DVD producer and publisher Eagle Rock Group Ltd from HgCapital. The company's catalogue properties include live concert performances from artists such as The Who and Nirvana. Beringea supported Hamburg-based edel...
UK - Beringea backs data marketing company Optima in acquisition
Beringea, manager of the ProVen VCTs has been the lead investor in the acquisition of WDIS Ltd, a specialist business-to-business data management company, by Optima Data Intelligence Ltd. Optima is a data management and business generation company which...
UK - 3i Quoted to list
3i Group will list its new Quoted Private Equity arm on the London Stock Exchange in June. The firm will issue shares at £8, aiming to raise at least £400m in the offering. 3i Quoted Private Equity was set up to invest in listed companies and...
UK - LDC backs £52m buyout of Emprise
LDC has backed the £52m management buyout of Emprise, a national provider of outsourced facilities services. Royal Bank of Scotland provided debt to support the deal, which represents a partial exit for RJD Partners, formerly Royal London Private Equity....
EUROPE - Carlyle in Euronext placing
The Carlyle Group is to place shares of its Guernsey-based affiliate Carlyle Capital Corporation on Euronext Amsterdam later this year, the buyout house said in a statement.
UK - Aberdeen Growth Capital appoints Ned Dorbin
Aberdeen Asset Managers Growth Capital has appointed Ned Dorbin as senior investment manager to the South East team. Dorbin will focus on new investment opportunities involving smaller UK companies requiring up to £4m of equity finance.
EUROPE - Male gender prevails in venture-backed companies
Around 95% of the CEOs in venture-backed companies across Europe are men, according to a study carried out by Library House. However, the data shows that companies run by women appear to perform ahead of their male peers. Out of 600 venture-backed companies...
UK - Blackstone in £1bn refinancing of Center Parcs
Blackstone has refinanced portfolio holiday village operator company Center Parcs. The £1bn refinancing has reduced the size of the company's debt and follows the reverse sale-and-leaseback of Center Parcs' property. Blackstone backed Center Parcs to...
UK - Teachers' Private Capital opens London office
The private equity arm of the Ontario Teachers' Pension Plan, Teachers' Private Capital, has announced it is to open a London office.
WORLD - KKR cashes in with 44% of global deal volume
KKR has eclipsed its rivals so far this year, claiming a 44.1% share of global deal volume, over double its 20% share since the beginning of 2004. The value of these deals was more than it recorded in 2005 and 2006 combined. This includes the £10.1bn...
UK - Permira eyes Britvic again
Permira has resumed its interest in listed soft drinks company Britvic. Reports emerged that Permira was looking at the company, which suffered several profit warnings last year, in mid-2006. In December 2006, Permira acquired an 11% stake in the public...
UK - BVCA survey shows private equity funds outperform public markets
Returns from UK private equity funds have significantly outperformed the stock market over three, five and ten years according to the 2006 Performance Measurement Survey summary results published today by the BVCA. The survey was produced in conjunction...
UK - Heatons appoints two new partners
Manchester law firm Heatons has announced the appointment of Mary Erb and Jim Truscott to equity partners. The move takes Heatons' total partner count to six and comes as the firm celebrates its first anniversary after severing ties with its two affiliate...
UK - Beringea backs online lead generation company
Beringea, manager of the ProVen VCTs, has backed online lead-generation company Dianomi Ltd in an expansion capital deal for an undisclosed amount.
UK - Private equity multiples at highest for six years
Private equity multiples are at their highest for six years according to new data from accountants and business advisors BDO Stoy Hayward. The Private Equity Price Index (PEPI) which tracks the price earnings ratio of deals involving a private equity...
UK - Ingenious Corporate Finance appoints senior UBS bankers
Ingenious, the media investment and advisory group, announces that Adam Joy and David Curley are to join Ingenious Corporate Finance as managing directors.
UK/SPAIN - Livingstone Guarantee creates international mid-market boutique
Livingstone Guarantee (LG), the London-based independent corporate finance house, has announced a merger with its long-standing Spanish partners and a new US-based mergers and acquisitions advisory house to create the first integrated investment banking...
UK - ISIS backs £11.5m MBO of CableCom
ISIS Equity Partners, investing funds from the Baronsmead VCTs, has completed the £11.5m management buyout of IT company CableCom. Based in Clevedon, near Bristol, CableCom operates in the growing market of IT and communication managed services to multi-tenanted...
UK - Travers Smith grows partnership by 9
Travers Smith has announced that 9 new partners will be admitted the partnership as of 1 July 2007, taking the number of partners up to 65. The new additions are Matthew Ayre (Banking), Tim Lewis (Financial Services), Steve McNab (Environment and Planning),...
UK - OC&C appoints Michael Rzesnitzek as new partner
OC&C Strategy Consultants has appointed Michael Rzesnitzek as a new partner. He will start at OC&C on 1 October 2007. Rzesnitzek, a publishing expert with international experience, will bring his expertise in the media to OC&C.
IRELAND - Terra Firma portfolio company in $5.2bn buyout
Terra Firma portfolio company AWAS, an aircraft leasing company headquartered in Dublin, has acquired Pegasus Aviation Finance Company in a $5.2bn buyout from Oak Tree Capital Management.