News
Investindustrial on the look out for new Inaer investor
Market sources indicate Southern Europe private equity house Investindustrial is seeking a new investor for its international helicopter business Grupo Inaer.
AXA buys BoA's $1.9bn private equity secondary interests
AXA Private Equity has acquired Bank of America's(BoA) $1.9bn portfolio of limited partnership interests in private equity funds, as the bank seeks to divest its non-core private equity investments.
CA Private Equity injects €4m into oclio
Crédit Agricole (CA) Private Equity has invested €4m in oclio, an online puericulture company.
OpenGate acquires Kotka Mills
Global private equity investor OpenGate Capital has acquired the Kotka Mill division of Finnish wood and paper products manufacturer Stora Enso, for total consideration of up to €24m in cash and earnouts.
VC-backed Clear2Pay acquires Jware
Belgian provider of payment solutions Clear2Pay has acquired Jware Technologies, an internationally operating software technology provider of eCommerce and mobile payment solutions.
Private equity bidding for RBS' WorldPay
Recent press reports suggest that private equity parties will figure strongly in the second round of bidding for RBS’ payment processing business WorldPay.
MMC Ventures invests in Creativity Software
MMC Ventures has provided growth financing to mobile telecommunications software designer Creativity Software in return for a significant minority stake.
August-backed Enara pushes on build-up
August Equity LLP-backed home care provider Enara Group has completed the acquisition of six add-ons: Village Homecare Services (Wales), Somebody Cares, Community Careline Peacehaven, Care 4 Agency, Homelink Care Services and Capital Care.
West of England Trust buys back shares from 3i for £9m
West of England Trust Ltd has bought back its shares from 3i for £9m.
Trilanctic in sale talks over MW Brands
Media reports suggest that private equity firm Trilantic Capital Partners has allegedly launched talks with banks over the possible sale of canned seafood firm MW Brands.
VCT fundraising picks up
New figures released today by the Association of Investment Companies (AIC) show a spike in fundraising activity for VCTs in the 2009/10 tax year.
Maven invests £2m in Neolab
Maven Capital Partners has invested £2m in Neolab Limited to fund the company's growth.
WHEB Ventures achieves fourth closing on €114m
WHEB Ventures has reached the fourth closing of its second cleantech fund, WHEB Ventures Private Equity Fund 2 LP, on on €114m.
HarbourVest appoints Lund as EMEA head of sales
HarbourVest Partners has appointed Simon Lund as head of sales and marketing for Europe, the Middle East and Africa.
PE interested in Evershot
Media reports suggest that CVC Capital Partners and a consortium of Morgan Stanley Infrastructure, 3i Infrastructure and Star Capital have put forward bids in the £2bn auction of HSBC’s UK rail unit Evershot.
Carlyle's Argon GmbH makes takeover offer for listed P&I
Carlyle Group-backed Argon GmbH & Co KG has made a voluntary public takeover offer for Personal & Informatik (P&I) AG.
Montezemolo & Partners acquires 60% of Octo Telematics
Montezemolo & Partners PEH has acquired 60% of Octo Telematics from Meta System Group.
MCR appoints Sarah Bell as partner
Corporate insolvency and restructuring practice MCR has appointed Sarah Bell as partner. She will be based in the firm's Manchester office.
ADM holds first close of CEE Recovery Fund on €100m
ADM Capital has held a first close of CEECAT Recovery Fund on €100m. The fund will invest in Central and Eastern Europe, Central Asia and Turkey.
Covesco Venture seeks to raise EUR 50m DACH seed fund
Covesco German Seed Fund GmbH & Co. KG has launched its maiden vehicle, German Seed Fund, targeting €50m.
Natixis finalising sale of PE divisions to AXA PE
Natixis has reached an agreement to sell iXEN Partners, NI Partners and Initiative &Finance Gestion, three of its private equity division, to AXA Private Equity for €534m with potential performance-led premiums.
Throgmorton adds two to tax advisory unit
Throgmorton has boosted its tax advisory unit with the addition of Raminder Chowdhary as head of value added tax, and Stephen Smith, as tax manager.
Bank of Ireland sells 50% of private equity unit
The Bank of Ireland is reportedly selling 50% of fund-of-funds private equity investor, Paul Capital, as it works to raise €3.3bn to meet regulatory solvency requirements.
HenQ Invest leads round for Libersy
Dutch VC, HenQ Invest has led a round of financing for software company Libersy, alongside a group of existing shareholders.