Healthcare
UK - Duke Street ups bid for listed dental care business
Duke Street Capital has raised its offer for AIM-listed dental services provider Oasis Healthcare Plc. The fresh bid of 94p per share values the company at ТЃ88.2m topping Duke Street's previous offer of ТЃ76.9m. Duke Street hopes that this latest offer...
CEE – Mid Europa buys Lux-Med from Cornerstone-led consortium
Dedicated Central European investor Mid Europa Partners has wholly acquired Polish healthcare provider Lux-Med from its incumbent backers, Cornerstone Partners, Deutsche Investitions- und Entwicklungsgesellschaft mbH and Accession Mezzanine Capital. The...
UK - Esprit Capital Partners appoints Cédric Latessa
Esprit Capital Partners has appointed CУЉdric Latessa as investment manager. Latessa was previously an associate at BIP Investment Partners in Luxembourg. At BIP, he was responsible for identifying, evaluating and appraising potential investments in TMT...
SWEDEN - CapMan invests in healthcare provider Nacka Närsjukhus Proxima
Funds managed by CapMan will, together with management, acquire Swedish Nacka Närsjukhus Proxima AB, a private healthcare provider offering specialised healthcare in the greater Stockholm area.
UK - Cinven beats CVC, Terra Firma and BC Partners to BUPA
Cinven has won the battle for BUPA's 26-strong hospital division. The deal weighed in at ТЃ1.44m. Cinven beat off competition from a number of other private equity players with sources citing both the price it was prepared to pay as well as its other...
UK - Bank of Ireland appoints Adrian Sainsbury as head of Global Specialised Finance
Bank of Ireland has appointed Adrian Sainsbury as Head of Global Specialised Finance. Sainsbury will be based in London and will have responsibility for the Bankтs specialised lending and UK corporate activities including asset based lending, media finance,...
UK - Duke Street in take-private bid for Oasis Healthcare
Duke Street Capital has offered ТЃ76.9m for AIM-listed dental services provider Oasis Healthcare Plc. The offer of 82 pence per-share represents a premium of 74.4% on the closing price. The bid is being financed by a debt package supplied by Barclays...
DENMARK- 7TM AS secures fourth-round investments of $22m
7TM Pharma AS, a Danish pharmaceutical, has raised around $22 million in a fourth-round funding from SR One Ltd, one of GlaxoSmithKline’s independent corporate healthcare venture capital fund. Other investors that have participated are Alta Partners,...
UK - Graphite Capital sells Avery Healthcare to Southern Cross for £96.5m
Graphite Capital has sold its majority shareholding in Avery Healthcare to Southern Cross Healthcare Group realising returns of 2.7x. The deal values Avery, which owns and operates care homes for the elderly, at ТЃ96.5m. Southern Cross is buying 16 of...
NL - Amsterdam Molecular Therapeutics launches IPO
VC-backed human gene therapy specialist Amsterdam Molecular Therapeutics (AMT) has launched an offering of up to 5 million new shares, for a price range of EUR 8-10.
UK - Shackleton in further deal with 3i
Three months after it acquired four investments from 3i, Shackleton Ventures has purchased a further portfolio of nine companies from 3i. Shackleton is a specialist secondaries venture capital firm with the ability to draw on investment of up to ТЃ20m....
UK - August Equity exits InterMed in £27.5m sale to Altaris
August Equity has completed the sale of InterMed Holdings Ltd, a UK manufacturer of anaesthesia equipment, to Altaris Capital Partners for ТЃ27.5m. The purchaser is a New York-based private equity firm focused exclusively on the healthcare industry.
UK - Sovereign Capital adds specialist child care provider to portfolio company
Sovereign Capital has acquired specialist child care provider Paediatric Nursing Link Ltd (PNL) for ТЃ2.2m. The acquisition is being undertaken by Sovereign portfolio company Complete Personal Assistance, a provider of post-traumatic homecare provision....
UK - BC Partners snaps up Foxtons
BC Partners has acquired London-focused estate agency chain Foxtons in a deal believed to weigh in at approximately ТЃ400m. The private vendor appointed Credit Suisse to run a process to dispose of the asset. TA Associates and 3i were thought to have...
UK - Scottish Equity Partners strengthens team
Scottish Equity Partners (SEP) has made new two appointments to its expanding investment team. The two new hires are Sriram Srinivasan and Mark Gracey both of whom will be based in SEPтs London office. The duo, who are from India and Australia respectively,...
UK - BC Partners wins £400m auction for Foxtons
It is understood that BC Partners has reached exclusivity in its bid to acquire estate agency chain Foxtons. The deal values the primarily London-focussed agency at ТЃ400m. In a process run by Credit Suisse, BC Partners beat off competition from other...
SWEDEN - EQT and Investor AB sells Gambro Health Care to Bridgepoint
Investor AB and EQT has agreed to sell Gambro Health Care to Bridgepoint for an undisclosed sum from Gambro Holding AB. Prior to the sale EQT has held a 51% stake in the company, and Investor AB held the remaining. The sale of Gambro Healthcare is part...
UK - ECI acquires CliniSys in £61m deal
ECI Partners has acquired healthcare IT company CliniSys for ТЃ61m plus an earn out of up to ТЃ2m from its founding shareholders, some of whom are re-investing in the business. Headquartered in Surrey and with operations in Belgium, The Netherlands, France,...
UK - LGV seeks further asset in dental healthcare sector
It is thought that Legal & General Ventures is considering a bid for AIM-listed dental group Oasis Healthcare. The Norwich-based company's shares rose a fifth yesterday on the back of news that it had received several preliminary approaches.
FINLAND - Eqvitec exits Secgo Software
Eqvitec Technology Fund I has sold its 18% holding in Secgo Software, a Finnish information security and mobility management software company, to Birdstep Technology ASA for EUR 9.2m. Eqvitec invested in Secgo in the company's spin-off from Secgo Group...
US/UK - SEP leads $17m investment in Heartscape Technologies
Scottish Equity Partners has led a $17m investment in healthcare pioneer Heartscape Technologies, which has launched an innovative device for the early and accurate diagnosis of heart attacks in patients in casualty. SEP led second round funding as part...
FRANCE - DeA Capital invests in Générale de Santé
DeA Capital, De Agostini's listed investment holding, will take at least 35% of Santé Sarl, a holding which indirectly owns 59.8% of French listed private healthcare group Générale de Santé.
UK - Hotbed exit from nursing home company generates 31% IRR
Hotbed has achieved an IRR of 31% from an exit from nursing home group Mimosa Healthcare Holdings Ltd. Hotbed has sold its 25% stake in the company, which it acquired in 2005 following a ТЃ5.15m investment in two tranches, back to the company and its...