Healthcare
CEE – Private equity houses withdraw from Euromedic auction
Five of the nine private equity houses that had shown interest in Warburg Pincus-owned Hungarian healthcare group Euromedic have reportedly declined raising first round bids in the auction process, which is being led by Rothschild.
NETHERLANDS – Waterland acquires a stake in Aevitae
Waterland has acquired a stake in Dutch financial intermediary Aevitae for an undisclosed sum.
UK/US - MVM hires new partner for Boston office
MVM Life Science Partners has hired Eric Bednarski as partner in its Boston office.
UK - Morgan Stanley Private Equity hires two
Morgan Stanley Private Equity has appointed Jean-Philippe Barade and Alasdair Thomson as executive directors in its London office.
UK - Oxford Capital launches fifth EIS fund
Oxford Capital has launched its fifth Oxford Gateway Enterprise Investment Scheme (EIS) fund. It will target venture capital investments in innovative early and development stage companies in the healthcare, sustainablility and communications sectors.
SWEDEN – 3i looking to auction off Ambea
According to reports, 3i is in the process of auctioning off its 75% stake in Ambea, a Swedish healthcare provider, for up to EUR 900m. Bidders rumoured to be interest include Doughty Hanson, PAI Partners and Merrill Lynch Private Equity. The Singapore...
UK - Seraphim and Oxford Capital invest £2m in Sirigen
Seraphim Capital and Oxford Capital Partners have invested £2m in Sirigen, a company that uses light-harvesting polymeric materials in its High Sensitivity Flurescence technology. The technology is used in biological assays with a specific focus on diagnostic...
UK – Fountain reaches first closing of maiden fund at EUR 75m
Irish Fountain Healthcare Partners has announced the first closing of its maiden fund Fountain Healthcare Partners I at EUR 75m.
UK - Private equity-backed IPOs outperform
According to research by Cass Business School, commissioned by the BVCA and the London Stock Exchange, private equity-backed companies perform better on listing than companies backed by other sources of capital. The key findings in the study included:
UK - Adamant Ventures opens in Scotland
Swiss healthcare focused financial advisory firm Adamant Biomedical Investments has opened a venture capital arm in Edinburgh. Adament Ventures will target healthcare companies based in the UK, Scandinavia, Central Europe and the US.
CEE - Mid Europa acquires CM LIM
Mid Europa has wholly acquired Polish healthcare provider Centrum Medyczne LIM.
FRANCE – Blackstone seeking Vitalia Exit
The Blackstone Group is reportedly seeking to divest healthcare clinic operator Vitalia. The company has 46 clinics and generates around EUR 650 million in revenues.
UK - 3i portfolio company buys Allclear Clinic
Ultralase, which was bought by 3i in February, has acquired Belfast-based Allclear clinic, a refractive clinic, from the Quality Healthcare Group.
UK - Bowmark backs £75m buyout of Healthcare Homes
Bowmark Capital has backed the £75m buyout of elderly residential care provider Healthcare Homes from August Equity.
UK - Gresham acquires Johnson Clothing
Gresham Private Equity has backed the mangement buyout of corporate wear provider Johnson Clothing Ltd (JCL) from Johnson Service Group Plc (JSG). The completion of the deal is subject to shareholder approval.
GERMANY – SHS III reaches first closing
SHS III, the third fund managed by Tübingen-based SHS Gesellschaft für Beteiligungsmanagement, has raised EUR 40m from investors in Germany and across Europe. The fund is geared to financing young, innovative companies in the life sciences and healthcare...
UK - Bowmark backs Datix buyout
Bowmark Capital has backed the management buyout of healthcare software provider Datix.
Q & A - The legal view
Nine months on from the first signs of a credit crunch, Nicola Bock talks to a crack group of private equity lawyers to assess where the market now stands and how things have changed