News
VSS appoints Hartfelder as head of IR
Veronis Suhler Stevenson (VSS) has appointed Jack Hartfelder as head of investor relations.
Riverside acquires Eska Implants for Summit Medical
The Riverside Company has acquired German Eska Implants AG as a bolt-on for its UK-based portfolio company Summit Medical Group Limited.
Abris backs Masterlease MBO
Central and Eastern Europe private equity investor Abris Capital Partners has backed the management buyout of Polish fleet management company Masterlease Polska. No financial details have been disclosed.
Aescap et al. in €30m Biocartis round
Aescap, alongside other existing backers and new strategic investors Debiopharm Group and Johnson & Johnson, has particpated in a €30m series B funding round for Biocartis SA.
Proventure et al in NOK 35m funding for Aptomar
Norwegian government-backed venture fund Investinor has contributed NOK 17.5m in a NOK 35m funding round for technology business Aptomar. Also participating were existing backers Statoil Venture and seed fund Proventure SEED.
CD&R appoints former Procter & Gamble chief as partner
Clayton, Dubilier & Rice has appointed former Procter & Gamble CEO Alan Lafley as special operating partner.
EPS Value Plus AG sells investment in Meyer Burger/3S Industries
Listed New Value has sold its interest in Meyer Burger/3S Industries on the stock market, which led to preliminary profits of approximately CHF 5.5m for the financial year ending 31 March.
Gresham backs £12.3m MBO of LAS
Gresham has backed the £12.3m management buyout of claims manager Lanes Assistance Services (LAS) from existing shareholder Lanes Group plc.
Herkules acquires Elis
Norwegian GP Herkules Capital has wholly acquired software company Elis AS from Data in Vest AS, Hafslund Venture and Elis employees.
UK FTF makes first committment to DFJ's third fund
The UK Future Technologies Fund (UK FTF), one of two fund-of-funds which effectively make up the UK Innovation Investment Fund, has made its first commitment into the DFJ Esprit III vehicle, bringing it closer to its £130m target.
DLJ in $165 million investment in Landis+Gyr
DLJ Merchant Banking Partners, part of Credit Suisse’s Asset Management division, has taken part in a $165m investment in Landis+Gyr.
Energy Ventures in £7.5m round for Red Spider
Energy Ventures and Simmons Parallel Energy have invested £7.5m in Red Spider, a developer of downhole products and services.
EQT Opportunity divests Tenson
EQT Opportunity has sold Tenson to Benelux-based Unlimited Sports Group.
3i appoints two to global IR team
UK–based private equity player 3i has made two senior appointments to its fund investor relations (FIR) team as part of its focus to further enhance its relationships with its LPs around the world.
YFM exits Sheet Piling
YFM Private Equity has sold its stake in construction business Sheet Piling in a management buy-back deal, generating a return of 3.7x for the private equity firm and an IRR of 20.17%.
Insight, Templeton et al. acquire stake in Studio Moderna
Insight Venture Partners and Templeton have co-led a group of investors in the acquisition of a minority stake in electronics and consumer products retailer Studio Moderna.
Octopus VCT closes at £50m
Octopus Investments has reached its £50m capacity for its limited life VCT - open since September 2009. The fund is now closed for new investments.
Lyceum Capital-backed Carewatch completes three bolt-ons
Lyceum Capital-backed Carewatch, a provider of domiciliary care services, has acquired three more businesses in the sector: Midlands-based homecare organisation All and Small and two current franchise businesses Carewatch North Tyneside and Carewatch...
Carlyle raises $1.1bn financial services fund
The Carlyle Group has raised $1.1bn for its first financial services fund, Carlyle Global Financial Services Partners (CGFSP).
General Atlantic appoints special adviser
US-based private equity firm General Atlantic (GA) has appointed Dr Ronald McMahan as a special adviser to the firm.
Advent appoints new operating partner
Advent International has appointed Will Kussell as operating partner.
Terra Firma's EMI needs £120m or risks being taken by Citigroup
Terra-Firma backed EMI, the struggling music group, has failed to secure distribution deals with Sony and Universal, and as a result, could lose control of the business to its lender Citigroup if its current private equity owners refuse to take part in...
Sun Capital acquires 3D Entertainment assets in pre-pack
Sun Capital Partners has acquired certain assets of 3D Entertainment Group Ltd., a UK-based operator of late night bars.
Carbon Trust et al. in £1m round for Helveta
Carbon Trust Investments has joined Oxford Capital Partners, Albion Ventures and Success Europe in a £1m third round of funding for Oxford-based Helveta, a timber track and trace technology company.