Healthcare
SPAIN - Palamon and G Square invest in Grupo Sar
Mid-market buyout house Palamon Capital Partners and healthcare dedicated investor G Square have completed an investment into Spanish elderly care services provider Grupo SAR.
IRELAND - Sverica and Housatonic acquire Oasis Holdings
US-based investors Sverica International and Housatonic Partners have acquired records storage business Oasis Holdings Limited.
SPAIN - Creditors take over Cinven-backed USP Group
According to reports, Cinven-backed healthcare group United Surgical Partners (USP) has completed a restructuring with its lenders Barclays and Royal Bank of Scotland that will see the banks acquire a 65% stake in the business through a debt-for-equity...
UK - August Equity boosts investment team
August Equity has hired Mehul Patel and Ranji Goodwin to its investment team.
FINLAND - Management buys Sentica's small cap business
Sentica Partners has sold off its small cap business area to key management who will continue operations under the name Canelco Capital Ltd, focusing on MBO and MBI transactions in small- to medium-sized companies.
UK - Gresham-backed Betts acquired by lenders
Gresham-backed toothpaste tube maker Betts Global has been acquired by its lenders in a pre-pack administration after breaching its banking covenants.
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 £750,000 as part of a funding round totalling just over £1m for Monica Healthcare Limited, alongside Catapult Venture Managers, University of Nottingham and private investors.
UK - Bidding war for 3i's venture capital fund
Reports suggest that private equity groups Coller Capital and HabourVest Partners are considering bids for 3i's £400m venture capital fund.
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 £31m 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?