News
LDC backs SMEs with new £100m commitment
Lloyds Development Capital has committed £100m over the next three years to back businesses in the South West and South Wales, the Thames Valley and the home counties.
Stonefund changes office
Belgium-based investor Stonefund has relocated to new offices.
3i appoints Sir Adrian Montague as chairman
The board of 3i Group plc has appointed Sir Adrian Montague CBE as chairman, effective following 3i’s AGM in July 2010.
Altor-backed Apotek Hjärtat acquires Ada AB
Altor-backed pharmaceutical business Apotek Hjärtat has wholly acquired Ada AB from its parent Tamro Group for an undisclosed sum.
AXA partners with Resource Partners; boosts CEE presence
AXA Private Equity has established a strategic partnership with Polish private equity advisers Resource Partners, to invest in opportunities across Central and Eastern Europe, particularly in Poland and the Baltic States.
BlueGem to acquire Liberty
London-based private equity operator BlueGem is in the process of presenting an offer for the acquisition of an 86.3% stake luxury department store Liberty, according to market rumours.
Nauta leads €2.5m round for Groupalia
Venture investor Nauta Capital has led a €2.5m series-A round for online discount site Groupalia, alongside La Caixa, the company’s founders and its CEO.
Big Issue to raise £10m social enterprise fund
Big Issue Invest, the banking arm of weekly homeless magazine The Big Issue, is said to be nearing the first closing of its social enterprise fund with close to £3m in commitments.
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.
BayBG invests in Insider Group AG
BayBG has invested in Insider Group AG, which runs an online accommodation booking portal, acquiring a minority stake.
Steadfast appoints Bernecker partner
German mid-market investor Steadfast Capital has appointed Marco Bernecker as partner with effect from 1 April.
BoA staff to launch private equity firm
Several Bank of America (BoA) staff are leaving the group to form a private equity firm.
Linklaters promotes three in Paris practice
International law firm Linklaters has promoted Marc Perrone, Sarah Fleury and Jerome Cordier to counsels in the Paris office.
Carlyle CEE spin-out exceeds €100m mark
Carlyle spin-out Resource Partners has raised more than €100m towards its debut fund after teaming up with AXA Private Equity, which is contributing €50m. Resource, Central & Eastern Europe’s only first-time fund to raise money in 2009, overcame...
Permira and Goldman Sachs in talks with BASF over Cognis
Reports suggest that Cognis owners Permira and Goldman Sachs are in talks with chemicals giant BASF over a potential sale of the company.
High-Tech Gründerfonds leads investment in Propertybase
High-Tech Gründerfonds has led an investment in software developer Propertybase GmbH, alongside Bayern Kapital and Neuhaus Partners.
AlixPartners appoints economics expert to financial team
Advisory firm AlixPartners has appointed Derek Holt as director in the company's economics consulting team.
TDC delays share sale
TDC, the Danish telecom giant owned by Kohlberg Kravis Roberts, Apax, Blackstone, Permira and Providence Equity Partners has shelved its share sale due to regulatory hurdles, according to media reports.
Altor-backed Aalborg mulls IPO
According to reports, Danish company Aalborg Industries is investigating the possibility of an IPO.
Litorina's Coromatic buys competitor Skandinaviska
Coromatic Group, an IT and electricity services provider backed by Swedish Private Equity investor, Litorina, has purchased competitor Skandinaviska Kraftprodukter AB.
Herkules buys Norwegian sportswear maker ODLO
Herkules Private Equity has signed an agreement to buy Norwegian sportswear manufacturer, ODLO Sports Group.
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.
GED acquires 70% stake in EP4
Spanish private equity investor GED has acquired a 70% stake in engineering business Estudio Pereda 4 (EP4).