UK / Ireland
UK - Bridgepoint to exit Tilney?
Market sources suggest that Deutsche Bank is in talks with asset management company Tilney. Tilney was acquired by Bridgepoint in 2005 in a deal thought to be worth approximately £100m.
UK - Baird Capital Partners Europe celebrates 35 years
Baird Capital Partners Europe, the international mid-market private equity firm, is celebrating three and a half decades in the business. The firm marks the 35th anniversary of its first investment: Twinlock Ltd in 1971. Twinlock, a manufacturer of filing...
UK - Hotbed backs consumer website Pigsback.com with £2.5m investment
Pigsback.com, the consumer website that is fast becoming a favourite for online marketing and advertising amongst leading brands, has received a £2.5m investment from Hotbed, the private investor network. 48 members of Hotbed invested in Pigsback.com,...
UK - ABN AMRO Capital exits Page Group Ltd
Page Group Ltd, the company which designs and manufactures aerospace lighting and cockpit controls, has been acquired by Hamilton Sundstrand, a subsidiary of United Technologies Corporation. The deal, the details of which are not disclosed, represents...
UK - Lyceum Capital-backed Clinovia makes fourth acquisition this year
Clinovia, an independent home healthcare provider backed by Lyceum Capital, has acquired CCS Blackpool. The purchase of CCS Blackpool, a care agency specialising in providing quality community support services to individuals in their own homes, is Clinovia’s...
UK/GERMANY - Merger of KPMG's UK and German firms
Subject to the approval of its partners, which is expected in early December, KPMG's UK and German firms will be merged to create KPMG Europe. This move will form the largest integrated accounting firm in Europe and is the first step of a wider merging...
UK - FTSE 250 Informa in talks with Candover and Cinven
Informa Plc, the FTSE 250 company which provides specialist information and services for the academic and scientific, professional and commercial business communities, is in talks with Candover and Cinven about going private. The deal would see Informa...
UK - Monument Group makes new hire
Monument Group Inc, a leading independent private equity placement agent, is pleased to announce that John B. McCormick has joined as a director. McCormick, formerly a specialised consultant with Cambridge Associates, joins Monument with 10 years of global...
UK - Promethean portfolio company DLG makes acquisition
Promethean portfolio company Data Locator Group (DLG) has acquired the business and assets of Wegener DM Group Plc (WDM) from the listed media group Koninklijke Wegener NV. WDM has created a database on UK consumers and their lifestyles and collects the...
UK - Catalyst takes new premises in Grosvenor Gardens
Catalyst Corporate Finance is relocating its growing London team to new premises in Grosvenor Gardens.
UK - Merseyside Special Investment Fund backs SLR Technology Solutions
SLR Technology Solutions received almost £80,000 of funding from Merseyside Special Investment Fund to complete its proof of concept phase.
UK - Promethean keen on Media Square
Media Square, the listed marketing company which issued a profit warning last month, is reported to have rejected a bid by Promethean. The share price rose by 4p yesterday on the news of this bid.
UK - Cognetas Sells BWG to management for EUR 390m
Cognetas, (formerly known as Electra Partners Europe), has announced the sale of BWG to the company’s management for EUR 390m. Cognetas acquired the BWG operations from Pernod Ricard in 2002 for EUR 220m along with a majority stake in Newhill, owner...
UK - Plant Impact listed on AIM
Plant Impact Plc, a company backed by the RisingStars Growth Fund which is managed by Enterprise Ventures, has been admitted to AIM. The placing at the start of the first day of trading was 38p per share, giving a market capitalisation of approximately...
UK - Streetcar looks for private equity backing
Streetcar, the company which allows members to use its cars across London and then bills them for the use, is hoping to raise up to £7m of funding.
UK - Hotbed appoints former Knight Frank partner as new head of property
Hotbed, the private investor network which supplies commercial property and private equity investment opportunities to high net worth individuals, has appointed Andy Taylor as its new head of property.
UK - Icera closes $20m investment from 3i
Icera Inc, the cellular wireless semiconductor company, today announced that 3i has invested $20m in the company as an extension to its recent series-C funding round, which now totals $60m. 3i joins an investor group comprising Benchmark Capital Europe,...
UK - CBPE sells Minova for £357m
Close Brothers Private Equity has sold speciality chemicals manufacturer Minova for £357m to Orica Ltd, an Australian quoted company. Minova's products are used in the coal mining, metal mining and tunnelling industries.
UK - 3i establishes venture capital board
3i has set up a new board of technology executives and entrepeneurs. The purpose of the board is to mirror the the venture capital boards that have been instrumental in helping US venture capitalists find promising investments.
UK - Macquarie bids £8bn to win Thames Water auction
RWE, the German energy group, has sold Thames Water to a consortium led by Macquarie's European infrastructure fund. The £8bn deal involves £3.2bn of debt. It is expected to close before the end of the year.
UK - Permira pair form new mid-market group
Market sources report that two principals from Permira are leaving the large buyout house to focus on the lower end of the mid-market.
UK - Inflexion backs £24m buyout of Parasol Ltd
Inflexion Prviate Equity has led the £24m management buyout of Warrington-based Parasol Ltd, an employment services company. Inflexion-managed funds have invested £9.4m for a majority equity position. HSBC provided a £12m debt package.
UK - Ingenious plans launch of Ingenious Securities
Ingenious, the media investment and advisory group, announces that Robert Benton and Richard Jeffrey have been appointed Chief Executive and Head of Securities, respectively, of Ingenious Securities, a new business to be focused on the media sector, which...
UK - Aberdeen Asset Managers recapitalises Plaxton
Aberdeen Asset Managers Private Equity has recapitalised portfolio company Plaxton, the UK's leading manufacturer of luxury coaches and buses. This transaction gives the business a solid platform from which to increase its recently launched bus models...