News
Corporates fear growing power of VCs, says E&Y study
Research amongst major European companies shows that they are increasingly concerned about the competition they face for deals from private equity funds. Companies see them becoming more aggressive, more determined, more streetwise and are concerned...
Abingworth appoints new partner
Abingworth Management, the life sciences investment group, has appointed Tim Haines as a partner. He will identify and create new businesses and provide support for existing companies within the Abingworth portfolio. Haines will be based at the company's...
3i buys Daalderop
3i has announced that it has completed the acquisition of Daalderop, a leading supplier of innovative heating equipment and solar energy systems in the Netherlands. The company also develops, manufactures and sells high quality electric water heaters....
Lovells recruits in Amsterdam
Matthieu van Sint Truiden has recently joined Lovells in Amsterdam. He studied, inter alia, law at the Catholic Nijmegen University, obtained his law degree in 1984 and worked at the university for seven years as an assistant professor of corporate and...
3i buys leading Italian toy firm
3i has announced that it has acquired a 40% stake in Giochi Preziosi, the leading Italian toy company. Claudio Luti’s Felofin shareholding will sell its 40% stake to 3i, while Enrico Preziosi’s Fingiochi will retain 53.4%, Fabrizio Bertola’s Valtidone...
Mrosik joins Alvarez & Marsal
Alvarez & Marsal, the global professional services firm, is pleased to announce the appointment of Dr Peter Mrosik as a new managing director at Alvarez & Marsal Europe Ltd. He will be based in the firm’s Frankfurt office.
3i firm sold to Japanese trade buyer
Sosei Co. Ltd, a leading Japanese biopharmaceutical company with operations in Japan and the UK, announces that it has agreed terms with Arakis and its shareholders to combine its business with Arakis Limited, a private UK-based biopharmaceutical company,...
UK buyouts strongest ever, says KPMG
The UK buyout market recorded its best performance ever in the second quarter of 2005, the first time any quarter had broken the ТЃ8bnmark. According to figures released by KPMGтs Private Equity Group (which tracks UK buyouts with value over ТЃ10m) transactions...
Quester invests £2m in software firm
Quester has invested ТЃ2m in Level Four Software Ltd, independent software company which supplies advanced software products for the testing and development of ATM services to major banks and financial institutions worldwide. The capital will be used...
ABN AMRO buys IMCD from Alpinvest
ABN AMRO Capital has purchased speciality chemicals distributor IMCD in a secondarybuy-out from AlpInvest PartnersABN AMRO Capital has purchased specialty chemicals distributor IMCD in a secondary buy-out fromAlpInvest Partners. This investment is the...
Corporates troubled by liquid debt markets, says Close Brothers research
New research from Close Brothers Corporate Finance (Close Brothers) focusing on the secondary debt market reveals that although 50% of FTSE-250 finance directors know that their debt is being traded, 63% of them were categorical that they viewed this...
IK acquires tensioning products specialist DSI
The Industri Kapital 2004 fund has entered into an agreement to acquire DSI(DYWIDAG-Systems International GmbH), the global provider of tensioning productsused in bridge building, slope stabilisation and mining.DSI is a market leader in the development,...
Duke Street sells French hotel chain
Duke Street Capital, the independent private equity manager, has announced the sale of Financière Galaxie SAS to Eurazeo. Galaxie owns B&B Hotels, the third largest budget hotel chain in France, with further hotels in Germany.
Imperial Innovations supports NanoBioDesign
Imperial Innovations, the technology commercialisation company of Imperial College London, has completed its first investment in a biotech company since its private placement in April 2005. The company has invested into Imperial spin-out, NanoBioDesign,...
Wellington profits from net mobile IPO
net mobile AG, which has been a Wellington Partners portfolio company since 2003, has gone public at an issue price of EUR 8.50 per share, and already recorded a double-digit rise in the share price on the first trading day. Prior to the launch, net mobile...
CapMan acquires Swedish Inflight Service
Funds managed/advised by CapMan will acquire the majority of Swedish Inflight Service, aleading travel retail company in the Nordic countries. The minority shareholders will be two ofthe founders, Johan Bjarke and Johan Kullander, and the management....
Palamon appoints new CFO
Palamon Capital Partners has announced the appointment of Ron Bell as the firmтs chief financial officer.
Albany invests in healthcare software specialist
Albany Ventures Fund III has invested in Digital Healthcare Limited, a Cambridge based software supplier of digital imaging, advanced care pathways and clinical information systems for the healthcare market.
Mezzanine Management promotes two
Mezzanine Management, the independent mezzanine and private equity provider, has announced the promotion of Valerie Lebreton to managing director with immediate effect and the appointment of Christian Heidl as an investment director.
Mtivity secures £1.5m from VC syndicate
Mtivity Ltd, a leading provider of marketing management software to companies and media agencies, has raised £1.5m and announced the appointment of Patrick Kremer as its new chief executive to lead plans for significant growth in the UK and overseas....
Foresight invests in VOIP specialist
Foresight Venture partners has invested over ТЃ1.5 million in the UKтs leading B2B voice over internet protocol (VOIP) company alwaysON. Against a market background of Yahoo offering free global telephone calls via its instant messenger service, and 112...
Astorg backs buyout of Geoservices
Astorg Partners has led the acquisition of 100% of the capitalof Geoservices from Gaston Rebilly, its founder (Groupe Geofinance 59.2%),IFP (33.6%), SGAM 4D (5.5%) and some senior management members.On this occasion, Geoservices’ management team, led...
Alternative investments consultancy launched
Ex-fund managers Adam Lewin and Calum McLean launch Synokis Partners, a consultancy and outsourcing solution to the alternative investment community.
Quick exit for Gresham makes 200% IRR
Gresham has announced that it has made a successful exit from ANSA, a national claims management business that offers a fully integrated service to deal with insurersт drainage claims. The move comes just 12 months after Gresham provided the equity backing...