News
UK - SVG rights issue raises £100m
Listed LP SVG Capital has today announced the results of its rights issue, having received valid acceptances for around 52% of offered shares and sub-underwriting commitments from existing shareholders that have raised a total of £100m.
DENMARK - Axcel appoints Better Place CEO to industrial board
Axcel has appointed Jens W Moberg, CEO of electric car network developer Better Place, to its industrial board.
BELGIUM/UK - CVC-backed Belgian carrier shows interest in Royal Mail
According to reports Belgian postal service De Post-La Poste, which is minority owned by UK-based buyout house CVC Capital Partners, is likely to throw its hat in the ring to acquire a 30% stake in UK postal operator Royal Mail.
SPAIN - GE- and Landon-backed Fotowatio acquires MMA
GE- and Landon-backed solar power producer Fotowatio has acquired the core US solar power assets of San Francisco-based MMA Renewable Ventures, a wholly owned subsidiary of Municipal Mortgage & Equity.
BELGIUM - Waterland invests EUR 50m into Enfinity
Private equity house Waterland Private Equity has invested EUR 50m into Belgian renewable energy developer Enfinity.
EUROPE - Candover reveals full extent of downturn
Candover Investments Plc today announced its final year results for 2008, revealing a sharp aggregated writedown of more than 50% in NAV following five successive years of increases.
UK - Spirit’s Adler & Allan makes further acquisition
Spirit Capital Partners' portfolio company Adler & Allan has acquired the UK port and harbour response businesses of Oil Spill Response and East Asia Response for an undisclosed sum.
EUROPE - Baird bolsters business services team
Baird has strengthened its investment banking advisory business with the hire of Jonathan Harrison as a director within its European business services sector team.
UK - Shackleton backs OmPrompt
Secondaries venture capital firm Shackleton Ventures has acquired a 49% stake in UK data messaging business OmPrompt.
UK - Dunedin to sell Fernau in £32m deal
Dunedin is finalising a £32m sale of navigation equipment manufacturer Fernau Avionic to US-based aircraft control systems manufacturer Moog Inc, in a deal that would reap a 3.2x money multiple on the investment.
UK/IRELAND – KPS acquires Waterford Wedgwood
US buyout house KPS has signed the purchase agreement of glassware and crockery group Waterford Wedgwood which entered into receivership earlier this year.
UK - 3i postpones Fairline auction
Market rumour suggests UK-based private equity group 3i has decided against the sale of luxury yacht and powerboat-maker Fairline Boats.