United Kingdom
August-backed Lifeways acquires SLC
Lifeways Community Care, a portfolio company of August Equity, has bought SLC Group, thus completing its eighth bolt-on acquisition since 2007.
ISIS exits SLC via trade sale
ISIS Equity Partners has sold UK-based SLC Group, a provider of supported living and domiciliary care services.
F&C appoints associate director
F&C Investments has appointed Stuart Hastie as associate director for its Edinburgh office.
BGF adds new investment director
Duncan Macrae has joined the Business Growth Fund (BGF) as an investment director.
Clyde Blowers Capital sells Clyde Union Pumps for £750m
Industrial investment company Clyde Blowers Capital has sold its Scottish portfolio company Clyde Union Pumps to American Fortune 500 company SPX Corporation for £750m.
Bridgepoint acquires four businesses from Hampson
Bridgepoint Development Capital (BDC) has acquired four businesses from Hampson Industries’ Aerospace Components & Structures division for $84m.
Sofinnova leads £6m investment in Mission Therapeutics
Sofinnova Partners has led a £6m funding round for Cambridge-based drug development company Mission Therapeutics.
Phoenix prepares to sell ASCO
Phoenix Equity Partners has hired Lexicon Partners to advise on a possible sale or part sale of ASCO Group.
Joseph Mukungu joins Neuberger Berman
Neuberger Berman has appointed Joseph Mukungu as senior vice president, head of client services for Europe and the Middle East.
Darwin in £50m Attenda SBO
Darwin Private Equity has backed the £50m management buyout of UK-based hosting services business Attenda from M/C Partners.
Ludgate and Novusmodus invest £2m in Lumicity
Cleantech investors Ludgate Investments and Novusmodus have led a new £2m funding round for UK-based photovoltaic (PV) solar developer Lumicity.
Consortium invest £8m in KalVista
SV Life Sciences and Novo A/S have provided £8m in a series-A round for ophthalmology company KalVista Pharmaceuticals.
NVM sells Promanex to Costain for £18.8m
NVM Private Equity has sold UK-based engineering services company Promanex to trade buyer Costain for £18.8m.
CVC acquires majority stake in Virgin Active
CVC Capital Partners has acquired a 51% stake in fitness chain Virgin Active. The remaining 49% stake will be retained by Virgin Group.
Rumour roundup: Birds Eye, FCI, Orange and more
The summer period has been rife with rumours of major deals in the pipeline. unquote" gives a roundup of the headline-hitting deals expected in the coming months.
Newcomer DTI makes debut UK investment
New York-based DTI Capital has backed the £4m buyout of London-based WTG, unquote” has learned.
Olivia Roberts joins Palamon Capital Partners
Palamon Capital Partners has hired Olivia Roberts as associate principal.
Moulton: Industry mergers to create fewer, larger players
A tumultuous few years as well as increased legislation will lead to the consolidation of the industry into a smaller number of larger buyout houses via mergers. Unquote’s Kimberly Romaine talks to Jon Moulton, Chairman of Better Capital.
Perusa Partners buys Bactec
Private equity house Perusa Partners has acquired explosive ordnance contamination service provider Bactec.
Jefferies appoints James Seagrave
Global securities and investment banking firm Jefferies has appointed James Seagrave as managing director of its Global Financial Sponsors Investment Banking Group.
UK & Ireland unquote” 15 August 2011
Financial buyers, including private equity investors, are leaving themselves exposed to outbidding by strategic trade purchasers, warns corporate finance lawyer Garrett Hayes.
Octopus appoints venture partner manager
George Whitehead has joined Octopus as a venture partner.
Bridgepoint exits Protocol Education
Bridgepoint has sold Protocol Education, part of its portfolio company Protocol Associates, to Graphite Capital.
State Street adds new head of UK, Middle East and Africa
State Street has appointed Susan Raynes as head of its UK, Middle East and Africa institutional business.