News
NORWAY - Ferd lists Pronova BioPharma with market-cap of NOK 6.9bn
Ferd Private Equity (FPE I) has listed Pronova BioPharma (previously Pronova Biocare), a Norwegian manufacturer of Omega-3 pharmaceutical products, on the Oslo Stock Exchange for an offer price of NOK 23 per share. The total offer size is NOK 2.7bn (including...
UK - Gresham acquires West Cornwall Pasty Co.
Gresham has backed the buyout of West Cornwall Pasty Company (WCPCo) from its shareholders. Debt facilities were provided by Lloyds TSB Corporate Markets.
SWITZERLAND - BPE in PREMIUMcommunications buyout
Barclays Private Equity has acquired Swiss technology support company PREMIUMcommunications.
UK – Pre-Budget Report: Darling's folly
The 80% increase in the capital gains rate and the abolition of taper relief announced yesterday by Chancellor Alistair Darling was a decidedly unimaginative and populist measure. Surprisingly, it also happened to be a net tax raiser. The establishment...
ITALY - AIFI reports all time high for investments in H1 2007
During a presentation held in Milan this morning, the Italian Private Equity and Venture Capital Association (AIFI) has presented the activity results for the Italian market in H1 2007. The total invested - EUR 1.9bn, which represents an all time high...
UK - Zeus appoints new executive
Zeus Capital has hired Tom Rowley as a corporate finance executive for its Manchester office. Rowley joins the team of corporate finance specialists from Deloitte in Sydney, Australia.
UK - ETF leads £5m investment in Perpetuum
Environmental Technologies Fund (ETF) has led a ТЃ5m series-B funding round in Perpetuum, a manufacturer of vibration energy harvesting devices.
NORWAY - HitecVision backed Noreco holds private placement
HitecVision-backed Noreco (Norwegian Energy Company) has decided to conduct a private placement of up to 5.6 million new shares.
NL - Flevoland Technofund and REOF Fund invest in WunderWorks
Flevoland Technofund and REOF Fund have invested in WunderWorks BV, a company providing software and solutions focused on improving multi-user interaction and communication, in a seed financing round.
SPAIN - New hire at Latham & Watkins
Lorena Vázquez has joined the Corporate department of Latham & Watkins' Madrid office.
UK - Sovereign appoints new assistant director
Sovereign Capital has appointed Neil Cox as assistant director, bringing its investment team to 17.
NORWAY - Verdane Capital invests in Fjord Media
Fjord Media, a developer and seller of routing, signal processing and optical transmission equipment to the broadcast, multimedia and telecom industries, has attracted growth capital from Verdane Capital. The funding will be used to expand its sales and...
UK - US private equity groups circle Northern Rock
US private equity group Lone Star is thought to be interested in Northern Rock, the beleaguered Newcastle-based bank. Lone Star joins a host of US buyout firms also thought to be sniffing around. JC Flowers is already carrying out due diligence on the...
UK - Inflexion acquires Orchard Electronic on behalf of portfolio company Aspen
Inflexion Private Equity has completed the acquisition of printed circuit board manufacturer Orchard Electronic on behalf of portfolio company Aspen Pumps, a producer of condensate pumps, for an undisclosed sum.
UK - Pension disagreement to overturn Sainsburys deal for a second time?
Failure to reach an agreement with the trustees of Sainsbury's pension fund is threatening to scupper Delta Two's potential takeover of the supermarket chain. It is understood the trustees are asking for an additional ТЃ1.75bn, ТЃ750m more than Delta...
EUROPE – THIS THURSDAY - Deutsche unquote" Congress & Awards – 11 October
unquoteт is delighted to announce its second annual Deutsche unquoteт Private Equity Congress & Awards this Thursday, 11 October 2007, in Zurich. The Congress brings together industry experts to discuss how to stay ahead of the game in this dynamic region....
UK - Infexion hires new investment executive
Inflexion Private Equity has announced the appointment of Nicola Boyd as investment executive.
TURKEY - KKR completes $1bn+ shipping company buyout
KKR -owned newco Trieste Bidco Denizcilik ve Tasimacilik A.S. has acquired 97.6% of the shares in U.N Ro-Ro Isletmeleri A.S. and majority shareholdings in each of its three affiliates (together the U.N. Ro-Ro Group). The transaction values the U.N Ro-Ro...
UK - 3i increases stake in AES Engineering to 40%
3i has made a further investment in AES Engineering Ltd, the holding company of the AESSEAL Group, a mechanical sealing business. 3i first invested in AES in 1996. This secondary investment increases its equity stake to 40% and values the business at...
SPAIN - Danish business angel backs Wamba with EUR 3m
Social community site Wamba has received EUR 3m in funding from Morten Lund, a well-known business angel who previously invested in Estonian software business Skype.
UK - Index of listed private equity vehicles launched
An index of UK-listed private equity vehicles has been launched by LPX, the Swiss-based publisher of research and indices on global listed private equity. The news brings the total number of LPX listed private equity indices, covering global and regional...
UK - DLJ appoints new industry partner
DLJ Merchant Banking Partners, private equity investment affiliate of Credit Suisse, has announced the appointment of Barry Wilson as its healthcare industry partner.
UK - Government pledges further £1bn to boost science and innovation
The UK government has pledged a further ТЃ1bn of funding as part of a new development strategy aimed at driving improvement in UK science and innovation.
UK - Katalyst-backed E-Therapeutics to float on AIM
Drug discovery company E-Therapeutics is planning a flotation on AIM later this month. The Newcastle-based company, which counts new therapy candidates in 11 clinical areas including MRSA, asthma and diabetes amongst its portfolio, is backed by Katalyst...