News/UK / Ireland
Terra Firma investors vote on EMI
Reports suggest Terra Firma’s investors will be voting on whether the future of EMI lies with Terra Firma or if the private equity house will default control over the debt-laden music label.
Acton closes internet growth-equity fund at €150m
Acton Capital Partners has announced the final closure of its Heureka Growth Fund.
AlixPartners appoints economics expert to financial team
Advisory firm AlixPartners has appointed Derek Holt as director in the company's economics consulting team.
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.
Albion invests £6.4m into new NHS facility
Albion Ventures has invested £6.4m into an NHS hospital in Somerset, South West England. The facility will have 62 beds and provide rehabilitation and long-term health care.
Primary Capital promotes Alec Parkinson to assistant director
Primary Capital has promoted Alec Parkinson to the position of assistant director, and has also expanded the team with the hire of Oliver Melliss, as associate.
Blackberry et al. in $10m round for Aepona
BlackBerry Partners Fund has led a $10m round for Aepona alongside existing investors Amadeus Capital Partners, Polaris Ventures, Innovacom, Nordic Venture Partners and Sutter Hill Ventures.
Partners Group Global Value 2008 closes on €537m
Partners Group has closed Partners Group Global Value 2008 on €537m, exceeding the target of €500m.
AlixPartners bolsters financial advisory team with Derek Holt
AlixPartners has appointed Derek Holt as a director in its economics consulting practice, which forms part of its financial advisory services group.
BAML names new head of EMEA Financial Sponsors
Bank of America Merrill Lynch (BAML) has appointed Rob Firth as head of the financial sponsors group for Europe, the Middle East and Africa (EMEA).
JP Morgan wins IFC's PE administration mandate
The International Finance Corporation's Assets Management Company (AMC) has appointed JP Morgan to provide private equity accounting and fund administration services.
NB's debt fund to raise $150m in LSE float
Neuberger Berman has set out plans to float its NB Distressed Debt Investment Fund on the London stock Exchange's Specialist Fund Market in a bid to raise over $150m for investments in distressed debt.
Madison Dearborn soldiers on to close Fund VI
The Chicago-based buyout house takes well over two years to close latest fund at around 40% of its original target
Sun European Partners acquires Hewden Stuart in £110m deal
Sun European Partners has purchased Hewden Stuart, a Manchester-based construction equipment provider, from Canada's Finning International for £110m.
Barclays puts stop to venture arm
Barclays has stopped any new investments under its private equity division, Barclays Ventures.
Kernel Capital Fund sells its shares in Stokes Bio
Bank of Ireland Kernel Capital Equity Fund has sold its 37% stake in Stokes Bio Limited to US biotechnology company Life Technologies in a $44m trade sale.
GMT hires TMT specialist from Cinven
GMT Communications Partners has announced the appointment of Stefan Franssen as partner.
Sigma raises £4m in funds
Sigma Offshore, a UK producer of mooring and fluid transfer systems, has succeeded in raising £4m of venture capital.
Vitruvian in £134m Inspired Gaming take-private
Vitruvian Partners has acquired software developer Inspired Gaming (formerly Bass Leisure Machine Services) for £134m.
Advent appoints operating partner for business services
Advent International has appointed Kevin Beeston to its operating partner programme.
Vantis promotes Paul Mardon to Client Partner
Paul Mardon has been promoted to Client Partner of Vantis Business Recovery Services.
Osborne Clarke adds to private equity team
Osborne Clarke has promoted two of its associates, Matthew Lewis and Robert Wood, to partner. The private equity division now has 11 partners on its team.
Law firms Hogan and Lovells merge
Law firms Hogan & Hartson and Lovells have merged to become Hogan Lovells.
Haller appointed partner of CGS Management
Christoph Haller is set to join CGS Management as partner at the Swiss private equity firm in November 2010.