Financials
Nordic Mezzanine office move
Nordic Mezzanine has moved offices in London and Helsinki.
JC Flowers to get 40% of Kent Reliance Building Society
US private equity group JC Flowers is reportedly investing £50m in UK's Kent Reliance Building Society (KRBS), for a 40% stake of the society. The deal is subject to regulatory and KRBS member approval.
CapMan invests in Bank Evropeiskij
CapMan has invested in the Russian-based Bank Evropeiskij through its CapMan Russia fund.
PAI Partners sells Kwik-Fit Insurance to Fortis
PAI Partners has sold the Insurance branch of Kwik-Fit to Fortis UK for £215m.
Apax acquires BNP Paribas Personal Finance Belgium
Apax has agreed to acquire BNP Paribas Personal Finance Belgium from BNP Paribas.
Lone Star buys Düsselhyp bank from BdB
US fund Lone Star has acquired the Düsselhyp bank from BdB, the German commercial banking association.
Alchemy to sell Seymour Pierce stake
Alchemy Partners will sell their 33.6% stake in brokerage firm Seymour Pierce to the company's employee benefit trust.
LDC backs 1st The Exchange acquisition of N4
LDC portfolio company 1st The Exchange has acquired N4 Solutions with backing from the private equity investor.
Better Capital prepares for new £65m capital raise
Better Capital is gearing up to raise a further £65m for its distressed business fund.
Inova Capital sold by Torreal
Inova Capital has been sold by Torreal to investment firms Ibersuizas and GB Inversiones.
Inflexion catches Fish Insurance
Inflexion Private Equity has acquired Preston-based Fish Insurance from Mosaic Private Equity in a secondary buyout.
Brit Insurance shares jump after declining private equity offer
Brit Insurance shares jumped 20% this morning after the firm rejected a private equity approach, according to reports.
Ipes expands UK presence with senior level appointment
Ipes has added Justin Partington to its executive board.
WorldPay: Bidders line up for quality asset
While European buyout activity has been on the up in early 2010, it has been largely restricted to mid-market deals: larger buyouts have hardly been seen since the financial crisis erupted, which makes the bidding war for RBS Global Merchant Services...
Warburg Pincus drops out of RBS WorldPay sale
Warburg Pincus has reportedly dropped out of bidding to buy Royal Bank of Scotland’s (RBS) WorldPay division.
Adrian Beecroft joins Dawn Capital as Chairman
Adrian Beecroft has been appointed chairman of London-based venture capital firm, Dawn Capital.
RBS in possible sale of European portfolio
Royal Bank of Scotland (RBS) is discussing a possible sale of its European private equity portfolio to Alpinvest Partners N.V.
Innova et al. purchase 100% of Polish Expander
Innova Capital has led a number of private equity investors in the acquisition of 40% of Polish independent financial adviser, Expander. Innova already owned 60% of the firm, meaning the firm is now wholly owned by private equity investors. No financial...
Private equity investors back $1.4bn financing of Avolon
Cinven, CVC Capital Partners and Oak Hill Capital Partners have committed $750m to back a $1.4bn financing deal of Irish aircraft leasing company Avolon. The deal is subject to regulatory clearance.
BGL agrees to cash offer for Liberty PLC
BlueGem Gamma Limited (BGL) has agreed to purchase the ordinary share capital of retailer and wholesale company, Liberty Plc.
Permira teams up with AMEX for RBS WorldPay bid
Permira and American Express are thought to have partnered to make a bid for Royal Bank of Scotland’s payment processing business.
Barclays puts stop to venture arm
Barclays has stopped any new investments under its private equity division, Barclays Ventures.
Vantis promotes Paul Mardon to Client Partner
Paul Mardon has been promoted to Client Partner of Vantis Business Recovery Services.
Osborne Clarke adds to private equity team
Osborne Clarke has promoted two of its associates, Matthew Lewis and Robert Wood, to partner. The private equity division now has 11 partners on its team.