UK / Ireland
IRELAND - Northern Trust sets up in Dublin
Northern Trust has set up a dedicated private equity fund administration team to offer a complete range of services for private equity funds and private equity related fund structures domiciled in Dublin. Northern Trust’s full suite of solutions includes...
UK - Cinven appoints new partner
Cinven has announced the appointment of Benoît Valentin as a partner. Previously he was at Goldman Sachs where he worked for 12 years, initially within the investment bank in London and Singapore and later as managing director within the private equity...
UK - Design LED Products receives Braveheart investment
Braveheart has invested £250,000 in Design LED Products, a spin-out company from the Hillington Innovation Centre, Glasgow, with which Braveheart has strong links. This is the first investment from its Alpha EIS Fund.
UK - Lagan secures £8.3m funding led by Esprit Capital Partners
Lagan, provider of enterprise case management and customer relationship management solutions to governments in the UK and North America, has secured £8.3m investment funding to support the company's next phase of growth. The latest round of funding was...
UK - Panmure Capital recruits Richard Wyatt from Panmure Gordon
Panmure Capital, a joint venture between Bank of Scotland and Panmure Gordon, has been joined by Richard Wyatt who steps down from his role as executive chairman of Panmure Gordon.
UK - Nomad receives £8m boost led by Amadeus
Amadeus has led a series-A financing round of a total commitment of £8m in Nomad Holdings, a UK company that designs, installs and operates high bandwidth connectivity on board trains. German venture firm T-Mobile Venture Fund has participated in the...
UK - Barclays Ventures backs MBO of Lakeview Computers Group
Barclays Ventures has backed the management buyout of Lakeview Computers Group Ltd, a leading player in the development and maintenance of enterprise resource planning software systems. The business, which generates an annual EBITDA of over £2m, was...
UK - MFI retail chain auction enters final stages
This week, MFI Furniture Group Plc will meet with the remaining bidders, including Merchant Equity Partners, Apax and Argyll Partners, in the auction for its retail arm.
UK - BA considering selling Air Miles
British Airways is considering selling loyalty scheme Air Miles for around £25m reports the Times today. The sale of BA's wholly owned subsidiary would generate cash to bolster the airline's troubled pension fund.
UK - Partnership law reform welcomed by BVCA
Following a sustained campaign by the BVCA’s Legal and Technical Committee, the Minister for Trade, Investment and Foreign Affairs, Ian McCartney, yesterday issued a statement that HM Government will be taking forward the Law Commissions’ proposals...
UK - Takeover dilemma for McCarthy & Stone
The largest builder of retirement homes in the UK, McCarthy & Stone, recommended a joint offer by Permira and Barclays Capital earlier this week. However, now a rival consortium made up of HBOS, the Reuben brothers and West Coast Capital has indicated...
UK - Hedge fund tries to scupper Fortress/Telent deal
The Financial Times today reports that Fortress Investment Group's proposed take-private of Telent was uncertain due to the tactics of US hedge fund Polygon. The board of the Marconi telecommunications equipment business has already approved the offer...
UK - Bridgepoint's Pets at Home in £288m refinancing
Pets at Home, the UK pet food and product retailer, has secured £288m of new debt facilities following its announcement last week of revenues of £276.9m and EBITDA of £40.7m for the year ended 31 March 2006. Following completion of the refinancing,...
UK - Sovereign Capital expands its team
Sovereign Capital Partners is expanding its investment team with the recruitment of Mark Williams as investment manager, bringing Sovereign’s investment team to 17. Mark joins from BA Capital Partners Europe - Bank of America Bank, where he worked on...
UK - Aggregator television attracts £9m from 3i, Amadeus and Intel Capital
3i, Amadeus Capital Partners and Intel Capital are co-leading a £9m series-A financing round for London-based digital TV operator Aggregator Limited. The funding will be used to roll out a series of products over the next two years.
UK - Catapult Venture Managers back Exmet
Catapult Venture Managers has led a syndicate of investors to provide a £600,000 funding package for Kingswinford-based Exmet Limited, the supplier of the See20/20 specialist management software system for single and multi-site ophthalmic practices.
UK - ABN AMRO Capital acquires Amtico in £98.25m deal
ABN AMRO Capital has agreed to acquire Amtico International, the high end flooring designer and manufacturer, from Electra Private Equity. The transaction, which is expected to complete in around four weeks subject to customary approvals, values the business...
UK - Esprit join Atlas and Benchmark in funding round for Newnham
Newnham today announced it has raised $13.25m in a series-B extension round of venture capital to help the company expand the development and worldwide marketing of its interactive networked display software and semiconductor technology. Following this...
UK - Close Brothers announces senior management changes
Corporate finance house Close Brothers has today announced a reshuffle of its senior management team. The changes are part of the company’s strategy to position itself for its next stage of evolution. Martin Gudgeon, currently Head of European Special...
UK - Hotxt closes $6.5m financing round
Hotxt, the text proposition that is revolutionising the text market, today announced the closing of a $6.5m financing round by entities affiliated with the Tudor Group1.
UK - Clearbrook makes first exit
Clearbrook Capital Partners announces that it has agreed to sell Eclipse Scientific Group, the leading independent laboratory company, for £50m to Inspicio Plc, the testing and inspection group. The sale is the first disposal by Clearbrook, the private...
UK - Aberdeen Asset Managers private equity team moves Manchester office
The Manchester-based private equity and growth capital teams of Aberdeen Asset Managers have moved to new premises in the centre of Manchester. After more than 15 years in their current location, the teams have moved to larger, newly refurbished offices...
UK - Terra Firma's waste unit set to be acquired by Spain's FCC
Fomento de Construcciones y Contratas, S.A (FCC), a Spanish construction and service group, is set to acquire the waste disposal arm of Waste Recycling Group Holdings (WRG) from Terra Firma. The deal values the waste disposal side of the business at £1.4bn....
UK - Microsoft executive Judy Gibbons joins Accel London
Accel Partners has announced the appointment of Judy Gibbons as venture partner in its London office, which focuses on early stage Internet, software and communications investments in Europe and Israel.