UK Unquote
Mobeus invests further £3.2m in Motorclean
Mobeus Equity Partners has provided an additional ТЃ3.2m to Motorclean, the specialist car valeting business acquired by the GP in 2011.
Connection Capital and Riverside buy the Cresta Court Hotel
Connection Capital and Riverside Capital have teamed up to acquire the Cresta Court Hotel in Altrincham and its operating company Harrop Hotels in a ТЃ2.95m MBI.
3i sells Enterprise in £385m deal
3i has sold business services provider Enterprise to Spanish infrastructure company Ferrovial for ТЃ385m.
Sun European Partners sells $72m Lee Cooper Jeans to Iconix
Sun European Partners has sold British apparel brand Lee Cooper Jeans to Iconix Brand Group for $72m.
Oaktree's Countrywide to launch £200m IPO
UK-based real estate agency Countrywide, a portfolio company of Oaktree Capital Management, confirmed it will list on the London Stock Exchange.
Charterhouse Capital's Webhelp acquires HeroTSC
Charterhouse Capital's portfolio company Webhelp has acquired Scottish call centres operator HeroTSC for a reported тЌ90m.
Nova Capital promotes Jonathan Seal
Nova Capital Management, a firm specialising in the acquisition of corporate and private equity portfolios, has promoted Jonathan Seal to investment partner.
Osprey Capital makes 12x money on Allium sale
Osprey Capital has completed its first divestment, reaping an 11.9x multiple on the sale of British advisory firm Allium Capital.
NBGI backs Cosalt Offshore
NBGI Private Equity has acquired the Aberdeen and Norway operations of oil services company Cosalt Offshore to merge them with its portfolio company ATR Group.
Sovereign's World Class Learning to fetch >£150m
Buy-and-build specialist Sovereign Capital is a step closer to realising its 2008 investment in World Class Learning (WCL), a British exporter of educational services.
Connection Capital buys £9m TeamSport Racing
Connection Capital has invested in the ТЃ9m management buyout of UK-based go-karting tracks operator TeamSport Racing Ltd.
LDC backs barriers manufacturer ATG Access
LDC has made a minority investment in ATG Access, a British manufacturer of vehicle barrier systems.
Investcorp acquires Hydrasun from Equistone
Investcorp has bought Aberdeen-based oil and gas services business Hydrasun Ltd in a secondary buyout from Equistone Partners Europe.
Private equity players circle Republic
The founder of fashion chain Republic, which went into administration earlier this week, is considering teaming up with a private equity buyers to rescue the business, according to reports.
Scottish Enterprise et al. back Lux Assure
Scottish Enterprise has taken part in a ТЃ3.25m funding round for Edinburgh-based technology development business Lux Assure.
Aberdeen acquires majority stake in SVG Advisers
Aberdeen Asset Management has acquired a 50.1% stake in SVG Capital subsidiary SVG Advisers (SVGA) for ТЃ17.5m.
OceanBridge appoints partners to London office
Deal-by-deal investor OceanBridge Partners has appointed Bob MacKenzie and Nick Hewitt as partners at its London office.
Finance Wales et al. invest in Vizolution
Finance Wales has led a series-A funding round worth ТЃ750,000 for Welsh software company Vizolution.
BVCA calls for return of taper relief
The BVCA has called for the return of the controversial taper relief for capital gains tax (CGT) in some cases.
TPG-backed retailer Republic enters administration
British clothing retailer Republic, owned by TPG Capital, has appointed Ernst & Young as its administrator.
BGF backs Aubin with £2.3m
The Business Growth Fund (BGF) has backed Scottish oil and gas services company Aubin with a ТЃ2.25m investment.
ECI promotes Lewis Bantin to partner
ECI Partners has promoted Lewis Bantin to partner within the firm.
MTI et al. invest in Oxford Photovoltaics
MTI Partners has led a ТЃ2m investment round for Oxford Photovoltaics Ltd (OPV), an Oxford University spinout commercialising solid-state solar cells.
Financial rewards still main incentive for chairmen of PE-backed businesses
The potential of a significant pay-out on exit is still the main incentive for working with private equity-backed businesses, according to a recent survey of 502 UK-based chairmen and non-executive directors (NEDs).