News
UK - Informa rejects Providence offer
The board of business-to-business information provider Informa has rejected a takeover offer made by the private equity consortium led by Providence Equity Partners, saying it 'significantly undervalued' the business.
FRANCE – XAnge and CVC sell GeneSystems
XAnge Private Equity and CVC Enterprises have sold GeneSystems, a French developer of molecular diagnostics platform, to Pall Corp.
UK - Kirkland & Ellis hires new partner
Kirkland & Ellis International has hired Jane Scobie as a partner in the tax practice group.
UK - Brown Rudnick hires new partner
Brown Rudnick has hired Sonya Van de Graaff as partner.
FRANCE - Crédit Agricole to launch co-investment activity
Crédit Agricole Private Equity is launching a co-investment activity that will take minority equity stakes alongside European and North-American investment funds.
Germany - TVM promotes Schuster
Munich-based venture capital house TVM Capital has promoted Steffen Schuster to general partner.
Germany/China - Freshfields re-posts private equity partner
Freshfields Bruckhuas Deringer will relocate Dr Heiner Braun, one of its Frankfurt-based private equity partners, to its Shanghai office on 8 September 2008.
GERMANY – bmp AG sells stake in Gamigo
bmp Media Investors has sold its 47.37% stake in Hamburg-based games publisher Gamigo to co-investor AS Venture GmbH, a subsidiary of the Axel Springer publishing house.
GERMANY - Montagu to sell BSN Medical
Montagu has put medical supplies company BSN Medical up for sale, with the purchase price expected to reach between EUR 1.8bn and EUR 1.9bn.
UK - Barclays Ventures backs £10m JBM buyout
Barclays Ventures has supported the £10m buyout of aluminium and waste recycler JBM International, taking a minority stake in the business.
UK - Bridgepoint buys more Fat Face debt
Bridgepoint has bought back another chunk of the debt in fashion retailer Fat Face, taking the total purchased amount to £21.8m.
UK - Phil Greves to launch Elysian in the North
Former 3i director Phil Greves has been appointed to set up the first office in the North of England for Elysian Capital.
NORWAY - EQT will not get Choice
According to reports, EQT’s takeover offer for Norwegian hotel chain Choice Hotels has been rejected by the owner, Petter Stordalen.
UK - Capital Fund invests in two restaurants
The Capital Fund has announced an investment of £250,000 into White Circle Organisation, a developer of branded cafes, restaurants and food hall outlets, and an undisclosed investment in Hummus Bros, a restaurant chain which serves snacks and meals with...
UK - AlpInvest hires two in London
Dutch investment group AlpInvest Partners has hired Dominic Curtis and Christopher Bone for its London office, where they will focus on mezzanine investments.
UK - Abingworth sells Clinical Designs
Abingworth has sold medical equipment developer Clinical Designs Ltd to Mundipharma International Corporation Ltd for an undisclosed sum.
UK - Seraphim invests in Testplant
Seraphim Capital has invested £1m in Testplant Ltd, a newly established platform business designed to make acquisitions in the software testing market.
ESTONIA - BaltCap acquires medical diagnostics company
BaltCap has acquired a 75% stake in medical diagnostics company Quattromed HTI Laborid OÜ from private individuals and Finnish biotechnology company FIT Biotech Oy.
UK - Providence et al to make offer for Informa
Reports suggest that a consortium of private equity investors led by Providence Equity Partners and including Blackstone and Carlyle are to make a firm offer for business-to-business information provider Informa within days.
UK - Rutland appoints in investment team
Rutland Partners has appointed David Wardrop and Tristan Craddock to its investment team.
UK - ATEP hires investment manager
Alliance Trust Equity Partners, the private equity arm of Alliance Trust Plc, has appointed Layla Fear as investment manager.
ESTONIA - Margus Uudam joins ASI as head of private equity
Ambient Sound Investments (ASI) has hired Margus Uudam to head its private equity investments team.
RUSSIA - Marshall raises USD 450m for two new funds
Marshall Capital Partners (MCP) has reportedly raised USD 450m for two new funds dedicated to investment in Russia and CIS: Marcap I, which is to acquire part of the assets currently owned by MCP, and Marcap II.
RUSSIA - CapMan backs RBPI
CapMan Russia Fund has acquired pig farm operator Russia Baltic Porc Invest ASA (RBPI).