Sector
ITALY - PM&Partners closes second fund on EUR 340m
PM&Partners has closed its second fund on EUR 340m, EUR 40m above its initial target.
FRANCE - Tocqueville Finance strengthens fund team
Tocqueville Finance has hired Pascale Noguera as president to its investment committee. The appointment completes the investment team for the fund Tocqueville Investissement Privés (TIP) comprised of Benoit Panhard and Vincent Foucart.
UK - Hilco considers Allied Carpet acquisition
Reports suggest that turnaround specialist Hilco is considering an acquisition of flooring retailer Allied Carpets.
UK - BIIF acquires Infrastructure Investors
Barclays Integrated Infrastructure Fund (BIIF), a new fund managed by Barclays Private Equity, has acquired Infrastructure Investors, a portfolio of 84 investments in operational PFI/PPP projects, for ТЃ558.6m.
GLOBAL - Advent International promotes 18
Advent International has promoted 18 members of its global investment team.
UK - Intel leads $ 11m Tribold funding
Intel Capital has led an $11m funding round for management software provider Tribold, alongside existing backers DFJ Esprit and Eden Ventures.
SWEDEN - Candover appoints senior adviser for the Nordic region
Candover has appointed Fredrik Arp, former CEO of Volvo, as senior adviser with a particular focus on the Nordic region.
IRELAND - Mianach leads EUR 1.25m RevaHealth funding
Existing backer Mianach Venture Capital has led a EUR 1.25m funding round for health clinic search engine RevaHealth.com, alongside Enterprise Ireland.
UK - Rutland promotes two
Rutland Partners has promoted Oliver Jones and David Wingfield to the position of investment director.
EUROPE - Value of buyouts plunges to five year low
The value of private equity-backed acquisitions across Europe fell to a five-year low in 2008 amidst continuing illiquidity in the debt markets and a worsening macroeconomic climate, dropping by 61% from 2007's record high of more than EUR 184bn to EUR...
EUROPE - Balderton holds $430m first closing of fourth fund
Balderton Capital has held the first close of its new $500m vehicle, Balderton IV, on $430m.
UK - Catapult backs £800,000 Comply-Serve funding
Catapult Venture Menagaers has invested an undisclosed sum into software company Comply-Serve Ltd as part of an ТЃ800,000 funding round.
The rise and fall ... of the UK private equity market
unquote" reflects on the ups and downs the domestic market has seen since the newsletter began tracking it in 1992
UK - Seraphim invests a further £1.5m into TestPlant
Seraphim Capital has made a follow-on investment of ТЃ1.5m into software company TestPlant.
UK - MMC supports Neoss with £5.5m
MMC Ventures has participated in a ТЃ5.5m funding round for healthcare company Neoss Ltd, alongside Delta Partners, Medtronic and several high net worth individuals.
CEE - EBRD considers EUR 40m commitment to 3TS CEE Fund III
The EBRD is studying the possibility of investing up to EUR 40m, but not exceeding 20% of total aggregate commitments, in 3TS CEE Fund III, a regional private equity fund with a target size of EUR 200m.
GREECE - Global Finance sponsors Euroclinic buyout
Global Finance has sponsored a leveraged buyout of Greek healthcare group Euroclinic from the Dutch financial services group Eureko BV for an undisclosed amount.
BELGIUM - Wellington et al. sell Q-Layer to Sun Microsystems
Wellington Partners, Partech and Big Bang Ventures-backed software developer Q-layer has been acquired by US IT firm Sun Microsystem.
FRANCE - CAPE strengthens venture team
Crédit Agricole Private Equity (CAPE) has hired Christian Claussen as senior partner to its venture capital team.
ITALY - Foresight appoints new investment director
Foresight Group has strengthened its Rome-based environmental team with the appointment of Giovanni Terranova as an investment director.
FRANCE - Abénex and L Capital sell Nutrition & Santé
Abénex Capital and L Capital have sold health food producer Nutrition & Santé to Otsuka Pharmaceutical Co, a Japanese drug, food and drinks maker.
FRANCE - Apax-backed Morgan falls into administration
Women's prêt-a-porter clothing brand Morgan, which is backed by Apax Partners, has gone into administration.
UK - EPIC acquires Whittards
Specialist tea and coffee retailer Whittard of Chelsea has been bought by EPIC Private Equity for an undisclosed sum.