Healthcare
Running out of fuel
Unsurprisingly, private equity investment activity continues its deceleration amidst a bleak macroeconomic environment. By Rikke Lilla Eckhoff and Ashley Wassall
UK - PUK Ventures et al. invest £1.1m into Monica Healthcare
PUK Ventures has invested ТЃ750,000 as part of a funding round totalling just over ТЃ1m for Monica Healthcare Limited, alongside Catapult Venture Managers, University of Nottingham and private investors.
PIK your partners wisely
Written off as a bubble phenomenon, PIK is creeping back into companies in distress. This is likely a sign of future troubles. Kimberly Romaine reports
GERMANY – 3i-backed Labco acquires AescuLabor-Karlsruhe
3i-backed Labco has acquired AescuLabor-Karlsruhe, a medical diagnostics company based in Karlsruhe. In addition to a debt package provided by a bank syndicate, 3i supported the transaction with additional financing of up to EUR 65m.
UK- Longbow Capital launches venture fund for Sipp investors
Healthcare venture specialist Longbow Capital has launched a venture fund designed for self-invested personal pension (Sipp) holders.
UK - MML Capital backs £31m Vanguard MBO
MML Capital Partners has backed the ТЃ31m management buyout of surgical and diagnostic facility provider Vanguard Healthcare Solutions, providing a mezzanine loan alongside a significant equity investment.
Blast from the past
Over the last hundred issues France unquote has covered some significant deals. Remember these?
Reliable support
unquote" data reveals support services as the top-performing sector
GLOBAL - Google launches $100m venture fund
Search engine Google has set up Google Ventures, a $100m venture capital fund designed to invest in early-stage companies.
SWITZERLAND - Nordic Capital may fetch EUR 10bn for Nycomed
Nordic Capital portfolio company Nycomed, a Swiss drugmaker, has been put on the block and may fetch up to EUR 10bn.
UK - Foresight backs ICA Group buyout with £2m investment
Foresight Group has invested ТЃ2m to back the buyout of ICA Group Ltd, a document management solutions provider.
UK - New group Rockley launches EUR 100m fund
Rockley Group, a new technology-focused investor founded by two established business angels, has launched its inaugural third party fund, Rockley Follow-On Fund, which will have a target of EUR 100m.
The end of capital-intensive start-ups?
Biotechnology and pharmaceuticals represent the largest sectors for growth and venture investments in Denmark. But as funds become scarce, can these capital-intensive industries survive the downturn? Rikke Lilla Eckhoff takes a closer look at the statistics...
UK - August-backed Enara makes further acquisiton
Enara Group, a home care provider backed by August Equity, has acquired fellow home care provider County Care Ltd and five of the six businesses of The Home Service group.
UK - Inflexion reaps 1.5x money from sale of CHKS
Inflexion Private Equity has wholly exited healthcare performance benchmarking specialist CHKS Limited in a trade sale to Capita Group Plc, generating returns of more than 1.5x the investment. Capita cites the price tag for the deal as ТЃ11.6m.
FINLAND - Bridgepoint to de-list Terveystalo
Pan-European buyout house Bridgepoint has received acceptance from approximately 96% of shareholders of listed Finnish healthcare provider Terveystalo Healthcare Oyj for its EUR 2 per share takeover bid.