Financials
123Ventures increases shareholder base
Private equity house 123Ventures has increased its shareholder base from seven to 17 through an owner buyout.
GI Partners launches Elystan Capital Advisers
GI Partners has backed the launch of Elystan Capital Advisers, a Munich-based investment firm targeting mortgage backed assets and the mortgage banking sector in the DACH region.
GERMANY - Odewald-backed walter services makes acquisition
walter services Holding, which is backed by Odewald & cie and caption, has agreed to acquire SEB Card Service from Swedish banking group SEB.
UK - Lyceum Capital acquires UKDN
Mid-market investor Lyceum Capital has acquired a majority stake in drainage claims manager UK Drainage Network for an undisclosed sum.
UK - Blackstone in tallks with Branson for Northern Rock
Blackstone is reportedly in talks with Sir Richard Branson's Virgin Money about a bid for state-owned Northern Rock's "good bank", which could be worth up to ТЃ2bn.
UK - Bridges Ventures exits Insurance Dialogue
Bridges Ventures has sold portfolio brokerage company Insurance Dialogue to trade buyer Equity Insurance Group for an undisclosed sum.
The problem with pension funds
With pension liabilities increasing buyouts of pension funds are on the rise, but what are the implications for private equity? By Ashley Wassall
UK - Kelso Place acquires sub-prime mortgage broker TML
Kelso Place Asset Management has completed the acquisition of TML Financial Solutions, a subsidiary of Kensington Group Plc. The new independent company will trade under its previous name, The Mortgage Lender. The Mortgage Lender, a specialist sub-prime...
UK - Duke Street and Englefield exit Equity Insurance Group
Duke Street Capital and Englefield Capital have sold Equity Insurance Group to Insurance Australia Group, Australasiaтs leading general insurance group, for a total consideration of ТЃ570m. The two investors delisted the insurance group, then known as...
UK - Bank of Scotland Corporate exits Paymentshield
Bank of Scotland Corporate has realised its investment in Paymentshield Ltd, a supplier of general insurance products to the mortgage intermediary sector. The value of the deal has not been disclosed although it is known that Bank of Scotland Corporate...