Financials
Barclays set to sell £500m of PE fund stakes
Barclays is planning to sell more than £500m of stakes it has amassed in private equity funds, according to reports.
Octopus invests £1.6m in Vega-Chi
Octopus Investments has provided UK online trading platform Vega-Chi with £1.6m of growth capital funding.
HTGF backs enexion
HTGF has backed German energy optimisation solution provider enexion GmbH.
Citibank appoints Steve Conway
Citibank has appointed Steve Conway as the most senior European banker advising private equity firms.
Terra Firma circling Chaucer
Terra Firma is among potential bidders for listed UK insurance company Chaucer, according to media reports.
Private equity putting money in the banks
Private equity has touched on almost all of Europe’s major industries over the years. However, the financial services have historically represented a relatively minor target group for buyout houses, despite its prominence in Europe’s largest economies.
Lonsdale Capital Partners makes first investment
Lonsdale Capital Partners has acquired a majority stake in UK financial claims management company EMCAS Ltd.
PAI puts CEP on the block
PAI partners has launched an auction for French mortgage insurance services company Compagnie Européenne de Prévoyance (CEP), which could be worth up to €1bn according to media reports.
Advent to inject £200m in Towergate
Advent International is in exclusive talks to inject £200m in UK insurance company Towergate, according to media reports.
Nordic Capital wins tax case
The tax board has rejected the claims of the tax agency regarding Nordic Capital’s taxing of profit sharing between 2006 and 2007.
HSH chairman against PE holding stakes
HSH Nordbank's chairman Hilmar Kopper said in an interview with German magazine "Der Spiegel" that he does not want private equity companies to become shareholders of HSH.
Miura and Talde acquire 40% of BC
Miura Private Equity and Talde Capital Riesgo have acquired a 40% stake in Grupo BC, which provides outsourcing document services to the banking sector.
Apax-backed Travelex sells CPM operations
Travelex, a portfolio company of buyout house Apax Partners, has disposed of its Card Program Management (CPM) operations via a $458m trade sale to MasterCard.
JC Flowers withdraws from Banca Civica deal
US private equity firm JC Flowers has done an about-turn on its proposed investment in Spain’s Banca Cívica.
ISIS exits Credit Solutions in £10m trade sale
ISIS Equity Partners has sold its stake in UK debt recovery and management services provider Credit Solutions to arvato, for a total cash consideration of £10m.
Barclays PE spin-off gains clarity
Barclays Private Equity (BPE) has reached an agreement to enable its management to acquire the buyout arm from its parent bank, according to reports.
CapMan sells 30% Access stake to Pohjola
Pohjola Bank plc has agreed to acquire a 40% stake in Access Capital Partners, a private equity fund-of-funds manager, from CapMan and Access’s managing partners.
LDC to be spun out
The private equity arm of Lloyds Bank, LDC, is to be spun out from its parent, according to reports.
JC Flowers to inject €450m into Banca Cívica
American private equity firm JC Flowers is said to be in the final stages of an agreement with Spain's Banca Cívica to supply the firm with €450m of convertible debt securities.
Augur Capital buys LRI Invest
Augur Capital has acquired the service-oriented investment and fund administration company LRI Invest from Landesbank Baden-Württemberg for an undisclosed amount.
Swedish PE-firms facing tax investigation
Skatteverket, the Swedish Tax Office, has launched an investigation into the declaration of tax by eight of the largest Swedish private equity firms, according to reports.
Oakley Capital acquires BDOIM
Oakley Capital Private Equity has acquired 88.4% of BDO Investment Management (BDOIM), in a deal that values the company at £14m.
Citi looks to sell $500m of private equity holding
Citigroup is looking to sell $500m of private equity investments made with CVC Capital Partners, according to reports.
Exponent looks to cash in on interest for Cardsave
A number of unsolicited approaches for credit card terminal supplier Cardsave have prompted its majority shareholder, Exponent Private Equity, to appoint corporate financiers to sell the business, reports suggest.