Sector
Finlombarda invests €1.5m in Microcinema
Finlombarda Gestioni SGR has invested €1.5m in Italian digital distribution network of film and digital content Microcinema, taking a minority stake in the business.
HgCapital investigates understated profits by Goldshield
HgCapital has already appointed auditors and lawyers to investigate the alleged understatement of profits by portfolio company Goldshield Group, the drug business the investor took private in a £179m deal last year.
Braveheart leads further £500,000 financing for Tayside
Technology-focused investor Braveheart has led a further funding round for life science business Tayside Flow Technologies worth more than £500,000.
Nordic Capital divests Menigo to Brakes Group
The deal sees Nordic Capital divest the majority of its stake in the business and retain 33%.
Alto Partners takes 51% stake in IPE Cavalli
Alto Partners has acquired a 51% stake in design furniture business IPE Cavalli.
Bridgepoint to acquire Care UK in £280m deal
Bridgepoint has agreed to acquire listed health and social care company Care UK for 450 pence per share, in a deal that values the business at £281m.
Barclays PE reaps 5.7x on £325m Deb sale to Charterhouse
Barclays Private Equity (BPE) has sold skincare company Deb Group in a secondary buyout deal to Charterhouse Capital Partners for £325m.
Venture back in the spotlight
Venture capital in the UK is booming this week following two major deals in the healthcare sector. Deborah Sterescu reports.
Octopus invests £2m in BOX-IT
Octopus Ventures has invested £2m in document storage business BOX-IT. The investment was made from the firm’s £30m Octopus Capital for Enterprise Fund (OCfE).
Octopus backs Frankis Solutions with £2m
Octopus Investments has invested £2m in land remediation services and groundworks specialist Frankis Solutions Limited (FSL).
Sovereign backs EEG management buyout
Sovereign Capital has backed the management buyout of Euro Environmental Group (EEG), a provider of drain and sewer cleaning, inspection and repair services.
AFINUM Management buys Erpo International
AFINUM Management GmbH has acquired upholstery furniture maker Erpo International from its previous owner Thomas Jungjohann for an undisclosed sum.
Novo and Warburg invest £65m in Archimedes Pharma
New investor Novo Growth Equity has led a £65m fundraise for specialty pharmaceutical company Archimedes Pharma alongside existing backer Warburg Pincus.
3i loses control of Global Garden Products
3i has lost control of its Italian lawnmower manufacturer Global Garden Products (GGP), which has been taken over by its senior lenders during the company’s restructuring process.
Finnish Industry Investment invests €6.6m in Glaston
Government-backed Finnish Industry Investment has made a €6.6m investment in glass technology company Glaston Corporation.
AXA PE and PAI bidding for Shell’s €1bn LPG division
AXA Private Equity and PAI Partners are among the bidders circling Royal Dutch Shell’s Liquefied Petroleum Gas (LPG) division, which price tag nears €1bn.
BC Partners and Cinven-backed Amadeus prepares to float
PE-backed travel specialist Amadeus is said to be expecting to formalise its return to public markets sometime during the first half of this year.
Apax-backed Promethean to launch £448m IPO
According to reports, Apax Partners-backed Promethean World, the UK education technology group, is aiming to raise up to £224m by selling shares in an IPO that values the business at up to £448m.
Encore Ventures and MTI exit ApaTech in $330m deal
Encore Ventures and MTI Partners have exited their investment in orthobiologics products company ApaTech via a trade sale to healthcare business Baxter Inc. for a total consideration of up to $330m.
N+1 backed Bestin seeks voluntary credit agreement
N+1-backed logistics operator Bestin Supply Chain has requested a voluntary credit agreement with the object of finalising the debt restructuring of the various firms making up the group.
Private equity-backed Cortefiel in €130m capital increase
CVC, PAI and Permira-backed fashion retailer Cortefiel has approved a €131.4m capital increase that supports the conversion of debt into equity.
AXA PE invests in MenInvest
AXA Private Equity has taken a minority stake in MenInvest, an e-commerce company, in a first round of financing of an undisclosed value.
LDC acquires Speed Check Services
UK mid-market investor LDC has acquired a majority stake in traffic management specialist Speed Check Services (SCS).
Banks seize control of 3i-backed Ultralase
Senior lenders have reportedly taken control of 3i-backed Ultralase, the UK laser eye surgery chain, as part of a pre-pack administration, making it the second of the private equity firm's portfolio companies to fall within a week.