United Kingdom
Lonsdale in MBO of funeral service provider Avalon
UK small- to mid-cap house Lonsdale Capital Partners has backed the MBO of Avalon Funeral Plans.
Enterprise Ventures invests in Isis Forensics
Enterprise Ventures (EV) has backed UK-based forensics software developer Isis Forensics with funds from its North West Fund for Venture Capital and Lancashire County Councilтs Rosebud Fund.
UK mid-market most affected by recession
The mid-market has suffered more during the double dip recession than other market segments, according to figures from unquoteт data.
CT Investment Partners et al. back Cable-Sense
CT Investment Partners' North West Fund for Energy & Environmental and MTI Partners' UMIP Premier Fund have backed UK-based infrastructure management company Cable-Sense with ТЃ800,000.
Leverage not a conclusive factor to explain insolvencies, academics say
Debt is not a conclusive factor in explaining insolvencies for portfolio companies, and PE-backed businesses do not carry more insolvency risk than other companies, according to new research by Imperial College London and Leeds University.
Electra Private Equity reduces discount to NAV
Electra Private Equity improved its discount to NAV ratio and recorded higher exit and investment activity in the past year.
Greensphere Capital backs Greenlight
Greenlight AD Power, a holding company behind a proposed anaerobic digestion platform, has raised ТЃ16m from Greensphere Capital, the sustainable energy-focused private equity firm chaired by Jon Moulton.
Octopus et al. invest in YPlan
Octopus Investments, Wellington Partners and angel investors have backed London-based app developer YPlan with a $1.7m seed financing round.
Better Capital still trades above NAV
Listed PE firm Better Capital has continued to trade above its NAV per share in the six-month period ending on 30 September 2012.
Finance Yorkshire et al. back Magnomatics
Finance Yorkshire, IP Group and Fusion IP have backed Magnomatics, a UK-based developer of magnetically geared motors, with ТЃ2.5m.
MMC Ventures reinvests in Love Home Swap
Following its investment in December 2011, MMC Ventures has led a ТЃ800,000 second round of funding for holiday website Love Home Swap.
Apollo negotiates stake in Aurum Holdings
Apollo Global Management has shown interest in acquiring a stake in British jewellery company Aurum Holdings, according to The Telegraph.
Investindustrial bids for Aston Martin
Italian GP Investindustrial has made an offer to acquire 50% of luxury sports car designer and manufacturer Aston Martin, according to reports.
Eaton joins Goodwin Procter London office
US law firm Goodwin Procter has appointed Ben Eaton as a partner in the firmтs London office. Eaton joins from a tax counsel position at Allen & Overy.
UK mega-buyouts worth more than €10bn this year
In defiance of problems on the continent, the UK has seen a surge in mega-buyouts this year, topped off with the recent acquisition of Annington Homes for ТЃ3.2bn.
H2 Equity Partners supports MBO of Hancocks
H2 Equity Partners has acquired British confectionery wholesaler Hancocks Group Holdings, alongside the company's management.
NVM exits Paladin Group
NVM Private Equity has exited its stake in UK-based property services company Paladin Group to trade player Places for People in a deal worth ТЃ15.9m, reaping a 2.3x return on its investment.
Warburg Pincus-backed Premier Foods to cut 900 jobs
Warburg Pincus portfolio company Premier Foods has announced plans to shut down two bakery sites in Greenford and Birmingham next year, in addition to the previously announced closure of its Eastleigh bakery. The decision will result in 900 job losses...
NVM backs Haystack Dryers
NVM Private Equity has invested ТЃ3.5m in UK-based manufacturer of body dryers Haystack Dryers.
Longwall Ventures launches £40m tech fund
Longwall Ventures has launched its second fund, Longwall Ventures Enterprise Capital Fund (ECF), targeting ТЃ40m for investments in UK science and technology companies.
Terra Firma acquires Annington Homes for £3.2bn
Terra Firma has bought the British real estate business Annington Homes for ТЃ3.2bn, including ТЃ1bn in equity.
CMS restructures UK & CEE private equity team
CMS Cameron McKenna has restructured the leadership of its private equity teams for the UK and Central and Eastern Europe.
MMC Ventures et al. invest £1m in Breathing Buildings
MMC Ventures, the Berti Green Accelerator programme and Adapt Low Carbon Group have invested ТЃ1m in British ventilation specialist Breathing Buildings.
AnaCap's IFG Trust acquires Moore Group
AnaCap Financial Partners's portfolio company IFG Trust and Corporate Group has acquired Jersey-based PE fund administrator Moore Group, marking a consolidation trend that some believe is rife in international fund administration.