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.
Reliable support
unquote" data reveals support services as the top-performing sector
Blast from the past
Over the last hundred issues France unquote has covered some significant deals. Remember these?
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.