UK / Ireland
UK - Seven Hills provide £500,000 to drug development company
The Edinburgh-based life sciences development company, Seven Hills Venture Partners Ltd has committed £500,000 in drug development funding to LinkCore Pharma Limited as part of a innovative life science product initiative.
EUROPE - First quarter European private equity exceeds EUR 30bn
For the fourth successive quarter, the total value of European private equity transactions has exceeded EUR 30bn, totalling EUR 34.2bn for the first quarter of 2006. This represents a 53% increase in the total value of transactions reported for the same...
UK - Dow Schofield Watts appoints new partner
Craig Richardson has joined Dow Schofield Watts, the corporate finance house founded three years ago, as its seventh partner.
UK - LGV appoints Casey to chair Integrated Dental Holdings
Gavin Casey, the former CEO of the London Stock Exchange, has been appointed chairman of Integrated Dental Holdings.
UK - Ariadne Capital appoints John O’Connell as chairman
Investment and advisory firm Ariadne Capital has appointed John O’Connell, the founder of software company Staffware Plc, as its new chairman.
UK - Standard Life takes award
Global fund manager Standard Life has won the 'Best Private Equity Trust' in the Investment Trust Magazine Awards for the performance of its Life European Private Equity Trust (SLEPET) last year.
UK - LGV backs Integrated Dental Holdings
Legal & General Ventures (LGV) has acquired a significant shareholding in Integrated Dental Holdings, the UK’s largest owner of dental practices, for an undisclosed amount.
UK - New appointments at Livingstone Guarantee
Phillip McCreanor has joined Livingstone Guarantee as a director, having previously led Deloitte’s industrial products team globally and having led transactions for corporate and private equity clients in Europe, the US, the Middle East and Australasia.
UK - Baker Tilly voted AIM accountant of the year
Baker Tilly has beaten Ernst and Young, Grant Thornton, Kingston Smith and KPMG to win AIM accountant of the year for the fourth consecutive year at the Growth Company Awards 2006.
UK - Bank of Scotland Integrated Finance backs Interface UK
The West Yorkshire-based international contract textile operations of Interface Fabrics has announced that it is to leave US parent Interface, Inc. in a management buyout backed by Bank of Scotland Corporate. The £16m deal, effective from 22 April, will...
UK - Rutland Partners sells Uskmouth Power Station
Rutland Partners has agreed the sale of its entire interest in Carron Energy Ltd, the owner of Uskmouth Power Station to a specially-formed company backed by Deutsche Bank AG and funds under the management of Strategic Value Partners and Trafalgar Asset...
UK - South East Growth Fund backs Synamed MBO
SEGF has invested £250,000 to fund the management buyout and recapitalisation of Synermed Europe Ltd, from its Canadian based parent Synermed International. Senior debt and working capital facilities were provided by HSBC.
UK - BC Partners and Apax involved in £2.2bn healthcare deal
Network Healthcare Holdings (Netcare) has announced its acquisition of a controlling interest in leading UK private hospital group, General Healthcare Group Limited (HG), from BC Partners. Netcare is supported by a consortium of investors including Apax...
UK - 3i invests in Arabian Gulf
3i has announced that it is committing $15m to Ithmar Capital, the Gulf-based private equity firm, which is raising its second fund, Ithmar Fund II, expected to reach USD $250m.
UK - South East Growth Fund expands team
Avent Bezuidenhoudt has joined WM Enterprise as an investment manager on the South East Growth Fund (SEGF).
UK - Barclays Ventures exits PropertyFlow
Barclays Ventures has sold its stake in PropertyFlow (deal value not disclosed) to Canadian company MacDonald Dettwiler and Asssociates (MDA). The exit will generate an IRR of 208% for Barclays Ventures. As part of the transaction the Propertyflow management...
UK - The Capital Fund invests in infusion device
A new high accuracy, low cost infusion pump that also has a range of applications in laboratories and the food and chemicals industries, has attracted £250,000 funding from The Capital Fund.
UK - 3i and Doughty Hanson back former Egg executives in new startup
Founding CEO of Egg plc and First Direct, Mike Harris, and former Egg CIO Tom Ilube, have announced the creation of a new consumer company pioneering a range of services to help give people real power over their personal information in the digital world....
UK - Yorkshire Bank appoints regional director of acquisition finance team
Yorkshire Bank has appointed Ian Howey as regional director of the Midlands specialist and acquisition finance team.
UK - Oxford Capital Partners invests in Inetec Ltd
Oxford Capital Partners, the Oxford based venture capital firm focused on science and technology companies, has announced its investment in Inetec Ltd. Inetec Ltd is a developer of waste-to-renewable-energy projects in the industrial food manufacturing...
UK - Debenhams lined up for £3bn IPO
The department store group Debenhams is being lined up for a return to the stock market with a price tag of up to £3bn, little more than two years after being taken private by a private equity consortium comprising CVC Capital Partners, Merrill Lynch...
UK - Jeremy Knight to join Ashton Penney
Jeremy Knight, group publishing director of Caspian Publishing, is to join AshtonPenney, the provider of interim managers and non-executive directors for private equity and venture capital portfolio companies, to lead the firm’s private equity practice...
UK - Pi Capital completes £3m round for Million-2-1
Pi Capital, has announced the completion of a £3m investment round for mobile gaming company Million-2-1.
UK - Carlyle and Atlas exit Orthogon Systems
The Carlyle Group and Atlas Venture have announced that they have entered into a definitive agreement to sell Orthogon Systems to Motorola, Inc. Financial terms of the transaction have not been disclosed.