United Kingdom
Luke Johnson: BGF is 'wrong'; covenants key to PE's success
тThe Business Growth Fund is wrong in terms of its pitch,т says Luke Johnson, co-founder of Risk Capital Partners in a video interview with Kimberly Romaine.
Fidelity Growth Partners appoints Hebel as partner
Davor Hebel has become a partner at Fidelity Growth Partners Europe in the firmтs London office.
SL Capital Partners hires new investment director
Thomas Chevalier has joined SL Capital Partners’ team in Edinburgh as an investment director.
YFM backs Bagel Nash MBI
YFM Equity Partners has backed the management buy-in of UK-based bakery and retail business Bagel Nash.
Imperial leads £40m investment in Nexeon
Imperial Innovations Group plc has led a ТЃ40m series-C round for battery materials and licensing company Nexeon.
Sovereign acquires CHS for City & Country
Sovereign Capital has acquired Community and Homecare Services (CHS) as an add-on for City & County Healthcare Group.
OCAS, Octopus and IP Group inject £3.6m in ASL
OCAS Ventures, Octopus Ventures and IP Group have invested ТЃ3.6m in renewable energy technology business Applied Superconductor Ltd (ASL).
Sud Investments leads financing in PneumaCare
Sud Investments has led a ТЃ2m round of funding for PneumaCare Ltd, together with a group of existing investors including Cambridge Enterprise, Cambridge Capital Group, Plextek Ltd and members of the Cambridge Angels group.
GMT acquires MeetingZone for £38.5m
GMT Communications Partners has teamed up with management to acquire UK-based conference and collaboration service provider MeetingZone for a total consideration of ТЃ38.5m.
PE firms linked to sale of Glaxo non-core brands
A number of private equity groups are thought to be interested in acquiring a product portfolio being sold by GlaxoSmithKline (GSK).
Private equity considering takeover of Bintons Carpets
UK-based Bintons Carpets is reportedly in talks with an unnamed private equity firm over a potential sale.
Aegon set to sell life assurance arm
Aegon plans to sell its Guardian life assurance arm for more than $400m, according to Reuters, with a number of private equity players thought to be interested in the firm.
OMERS acquires V.Ships from Exponent
OMERS Private Equity has acquired V.Group, better known by its brand V.Ships, a third-party manager of vessels in the cargo and leisure sectors, from Exponent Private Equity for an enterprise value of $520m.
YFM-backed Fishawack acquires Phocus
YFM Equity Partnersт portfolio company Fishawack has acquired Swiss medical communication service provider Phocus Services GmbH.
VC-backed PhotoBox acquires Moonpig for £120m
PhotoBox, which is backed by a consortium of investors that include Highland Capital Partners, Index Ventures and HarbourVest, has acquired online greetings card retailer Moonpig.com for ТЃ120m.
MTI leads investment in Oxford Photovoltaics
MTI Partners has led a ТЃ650,000 investment round in UK cleantech company Oxford Photovoltaics Limited (OPV).
Enterprise Ventures backs MBO of IMC
Enterprise Ventures has backed the ТЃ3.7m management buyout of London-based management consulting services provider IMC Worldwide.
Darwin Private Equity makes first exit with Maxinutrition
Darwin Private Equity, founded in 2007 by former executives from Permira and CVC, has made its first exit with the ТЃ162m sale of sports nutrition company Maxinutrition to GlaxoSmithKline.
Maven backs MBO of Attraction World
Maven Capital Partners has acquired the Birmingham-based ticketing solutions provider Attraction World in a ТЃ6.9m MBO.
Sovereign-backed City & County acquires Guardian Homecare
Sovereign Capital-baked UK domiciliary healthcare provider City & County has acquired Guardian Homecare Ltd.
AlixPartners appoints two directors to London team
AlixPartners has appointed Nick Bradley and James Priestly to its London office.
LDC backs SMEs with new £100m commitment
Lloyds Development Capital has committed ТЃ100m over the next three years to back businesses in the South West and South Wales, the Thames Valley and the home counties.
Elysian Capital acquires Vertical Pharma Resources
Elysian Capital has backed the management buyout of pharmaceutical supplier Vertical Pharma Resources Limited. Two of the original four founders of the business, trading as Integrated Pharmaceutical Services (IPS), have fully exited.
Gaming investments still worth a punt
Once considered a happy hunting ground for private equity, some gaming investments have turned sour in the past couple of years as many businesses have had to restructure their debt. That does not mean there are not profitable investments to be had, as...