Healthcare
UK - DLJ appoints new industry partner
DLJ Merchant Banking Partners, private equity investment affiliate of Credit Suisse, has announced the appointment of Barry Wilson as its healthcare industry partner.
UK - MMC Ventures invests £1.4m in The Practice
MMC Ventures has completed an investment of £1.4m in The Practice Plc (formerly Practice Networks), a primary healthcare company that manages surgeries on behalf of GPs and provides primary care service contracts to Primary Care Trusts (PCTs).
UK/GERMANY - General Atlantic announces promotions
General Atlantic has announced the promotions of Oliver Thum to managing director and Jan-Daniel Neumann to principal in Düsseldorf. In London, Gabriel Caillaux and Jan Hammer have been elected to the position of principal.
CEE - Enterprise Investors partially exits Magellan in an IPO on the Warsaw Stock Exchange
Enterprise Investors ' Polish Enterprise Fund IV has partially exited its stake in Magellan in an IPO on the Warsaw Stock Exchange.
NL - Gilde company Ablynx awarded EUR 1.9m grant
Gilde Healthcare Partners portfolio company Ablynx has been awarded a grant worth EUR 1.855m by the Institute for the Promotion of Innovation by Science and Technology in Flanders (IWT). The grant will enable Ablynx to accelerate the speed of exploring...
UK - Close Growth Capital backs SBO of Killby & Gayford from 3i
Close Brothers Growth Capital (CGC), the hybrid equity and debt finance provider, has backed the secondary buyout of specialist building contractor Killby & Gayford Group, from 3i. CGC is reported to have invested £13.35m for a significant minority equity...
UK - LGV completes £255m refinancing of healthcare business Craegmoor
LGV portfolio company Craegmoor Healthcare Group has refinanced its whole business securitisation with a £255m bank facility arranged by the Bank of Scotland. As a part of the refinancing, Craegmoor fully redeemed all the outstanding notes of Craegmoor...
FRANCE - Bryan, Garnier and Co appoint new healthcare director
Independant Investment Bank Bryan, Garnier and Co have announced the appointment of Catherine Trividic to their corporate finance division as director of the healthcare team.
FINLAND - CapMan-backed OneMed makes acquisition
CapMan's portfolio company OneMed, a seller and importer of healthcare products, has acquired 75% of Hand-Prod Group, a Poland-based wholesaler of healthcare products. In addition to its mother company, Hand-Prod group consists of subsidiaries such as...
SPAIN - Kennet Partners makes first investment from new fund
Kennet Partners has led a EUR 7m series-A funding round for European Telemedicine Clinic (TMC), a teleradiology service provider. The deal represents Kennet's first investment from its new fund, Kennet III LP, and provides an exit for previous investors...
FINLAND - CapMan invests EUR 8m in Mawell
CapMan Technology 2007 Fund has invested approximately EUR 8m in Mawell, a software provider used in many Finnish and Swedish hospitals. As a result of the investment, CapMan becomes the largest shareholder in the company.
SWEDEN/UK - Apax and Nordic Capital-owned Capio makes £193m UK disposal
Apax Partners and Nordic Capital portfolio company Capio AB have disposed of the UK operations of the Swedish healthcare company. Capio's UK operations have been acquired by Australian hospital operator Ramsay Health Care for £193m.
NL - ING joins Agendia's pool of backers
ING is the latest investor to back molecular diagnostics company Agendia BV. The bank has joined existing investors Gilde Healthcare Partners , Van Herk Biotech BV and Global Life Sciences Ventures on the company's fourth financing round, valued at...
UK - Street Capital backs buyout of PCTI Solutions
Irish private equity investor Street Capital has backed the buyout of software business PCTI Solutions Ltd. PCTI is an electronic document management service provider to the UK primary healthcare sector.
SWITZERLAND - BC Partners exits Hirslanden hospitals in $2.36bn deal
BC Partners is reported to have agreed the sale of its Swiss hospitals business Hirslanden. It is understood that South African company Medi-Clinic will acquire Hirslanden in a $2.36bn deal. BC Partners has held the company since December 2002, when it...
UK - Foresight exits Oasis Healthcare via sale of shares to Duke Street Capital
Duke Street Capital has acquired £8m worth of shares in AIM-listed dental care provider Oasis Healthcare Plc from Foresight Venture Partners. The deal generated a total return on investment of 5.1x for Foresight 3 VCT Plc. Duke Street Capital had been...
DENMARK - Medtronic's neurology products to be acquired
Water Street Healthcare Partners, the Chicago private equity firm focused exclusively on the healthcare industry, has acquired a majority stake in Alpine Biomed for an undisclosed sum, to enable the company’s purchase of neurology diagnostic product...
UK - 3i reaps 61% IRR from Care Principles after 10 year investment
3i has seen a money multiple of 3.9x and an IRR of 61% from its 10 year investment in Care Principles. The medium secure hospital operator which provides care for adults with long-term therapy needs has been acquired by The Delta Fund for £270m.
UK - Apax sees 40x return from healthcare exit to Hutton Collins
Sources report that Apax has recouped in excess of 40x its money through the sale of Healthcare at Home to Hutton Collins. Apax invested £800,000 for a minority stake in the home healthcare service provider in 1995. The company was rumoured to have been...
SWEDEN - Carlyle et al. sell MedPointe to Meda for $520m
Swedish-listed pharmaceutical group Meda has agreed to acquire all the shares in US based-MedPointe, owned by The Carlyle Group and other investors. The two majority shareholders of MedPointe, The Carlyle Group and The Cypress Group, will become shareholders...
NL - Amsterdam Molecular Therapeutics raises additional EUR 5.67m
Venture-backed Amsterdam Molecular Therapeutics has raised an additional EUR 5.67m from the partial exercise of an over-allotment option. The company had launched an IPO of 5,000,000 new shares on Euronext Amsterdam for an offer price of EUR 10 per...
UK - Deloitte Corporate Finance appoints new manager to Southampton team
Shaun Gomm has joined Deloitte’s Corporate Finance Advisory team in Southampton as manager. Gomm has been providing corporate finance advice on transactions for Deloitte’s London office since 2001. He is a specialist in the leisure sector and has...
CEE - Mid Europa Partners buys Medycyna Rodzinna from Enterprise
Mid Europa Partners has agreed to acquire up to 100% of Medycyna Rodzinna S.A. from Polish Enterprise Fund LP, the fund managed by Enterprise Investors, and several individual investors. The deal, expected to close in the second half of 2007, will be...
UK - August acquires specialist healthcare provider
August Equity has supported the management buyout of Lifeways Community Care Ltd. Lifeways is a market leading provider of supported living for people with complex needs, offering nationwide coverage. HSBC provided debt to support the deal. Previously,...