News
Williams de Bro appoints new head of corporate finance
Williams de Bro has appointed Frank Moxon, chairman of the Corporate Finance Forum of the Securities & Investment Institute, as head of corporate finance.
Veryan Medical completes £2.6m funding round
Imperial Innovations, the technology commercialisation company of Imperial College London, has announced that it has completed a £500,000 investment in Imperial spin-out company Veryan Medical, a developer of medical devices to improve the long-term...
ISIS acquires wine distributor
ISIS Equity Partners has taken a majority stake in Enotria Holdings Ltd, a leading distributor of wine, based in Park Royal, London.
Close sells Laybond to Bostik
Close Brothers Private Equity (CBPE) has announced the sale of Laybond Group to Bostik, the global adhesives and sealants company, for an undisclosed sum.
YFM profits from Hargreaves IPO
Shares in Hargreaves Services Plc which floated on AIM earlier this month are now trading at an 20% premium to the 243p per share issue price. The company, a leading provider of bulk materials, principally coal, and support services to the energy and...
Graphite earns 3.2x return on sale of U-POL to ABN AMRO
Graphite Capital, the mid-market private equity specialist, has agreed to sell U-POL, the UK’s leading automotive refinish manufacturer, to ABN AMRO Capital in a deal which values the business at £75m. The transaction, which is expected to complete...
3i makes 3.3x money on Warren's sale
3i has announced that it has sold its minority stake in A Warren & Sons Ltd, a leading supplier of industrial products to the construction industry, to the BSS Group. BSS has paid £14m in cash on completion with a further amount of up to £750,000 maximum,...
Four new deals for Sigma Technology
Sigma Technology Group Plc, the UK venture capital investment management and advisory group that specialises in technology and property, has announced four recent new investments.
bioKneX launches in Nottingham
bioKneX, the new bioscience knowledge exchange initiative for the East Midlands, has recently launched at BioCity Nottingham, UK. To an audience of more than 100 delegates, Peter Jones, Pro-Vice Chancellor for Research and Business Development at Nottingham...
3i broadens energy business
3i is to broaden its energy profile into the midstream gas and power industry with the appointment of Shaun Kingsbury as an industrialist in residence.
Imperial Innovations appoints Smith as CFO / COO
Imperial Innovations, the technology commercialisation company of Imperial College London, today announces the appointment of Julian Smith as chief finance and operating executive.
Dunedin trust profits from Davenham float
Dunedin Enterprise Investment Trust Plc, which specialises in the provision of equity finance for management buyouts, management buyins and growing businesses, has announced that it will realise part of its investment in Davenham Group Plc on completion...
Syntaxin raises £3m from Abingworth
Syntaxin Ltd, a newly formed biopharmaceutical company focussing on the discovery and development of new medicines for the treatment of neurological, respiratory and metabolic diseases, has been launched as the first spin-out from the UK Health Protection...
Baronsmead VCT 3 Plc raises over £10m
By 11 November 2005, Baronsmead VCT 3 had raised over £10m of the £24m it is seeking to raise as a C share issue following the publication of the Securities Note in September 2005.
Bridgepoint sells Theatre group
Andrew Lloyd Webber has announced that he has reached agreement to buy the 50% share of Really Useful Theatres owned by joint venture partner, Bridgepoint, for an undisclosed sum. He reiterated his commitment to the future of London’s theatre and £10m...
3i sells stake in William Wilson to Wolseley in £81m deal
3i has sold its minority stake in William Wilson, one of the UK's leading independent suppliers of electrical, plumbing, heating and building products, to Wolseley plc, the global leader in heating and plumbing supplies and a leading supplier of building...
Bridgepoint moves on ERM
ERM (Environmental Resources Management), the world's leading provider of environmental consulting services, has announced that it has received a formal offer for the company from private equity firm Bridgepoint that values the business at $535m.
BancBoston Capital sells lingerie firm for x6 money
London based BancBoston Capital, now part of the European private equity network of Bank of America, has sold its stake in Unity Brands Ltd, the leading specialist lingerie manufacturer, to the incumbent management for a total return of six times its...
AlpInvest spins-off mid- market buyout activities
The buyout team of private equity investor AlpInvest Partners will become independent as of 1 January 2006 and will go by the name of Taros Capital. The new company continues the management of AlpInvest's lead buyout investments in the Benelux and Germany...
3i exits Encon for 5.8x money
3i has sold Encon, one of the UK's leading specialist distributors of insulation products, to Wolseley Plc, the global leader in heating and plumbing supplies and a leading supplier of building materials, in a deal worth £140.5m.
Aberdeen to launch VCT C issue
The directors of Aberdeen Growth Opportunities VCT have announced that they are giving consideration to making a C share issue early in 2006. It is likely that the issue will be for up to £15m and that the total expense ratio of the company will be reduced...
Aberdeen restructures private equity activities
Aberdeen Asset Managers Private Equity (AAMPE), formerly Aberdeen Murray Johnstone Private Equity, the private equity division of Aberdeen Asset ManagementPLC (AAM), announces a rebranding and internal restructuring which seesinvestment operation split...
3i sells Republic to Change Capital
3i has sold its minority stake in Republic as part of a £105m deal that sees Change Capital become the majority shareholder. 3i’s proceeds represent a money multiple of 2.2x and an IRR of 80%.
AIB strengthens UK leveraged finance team
AIB Capital Markets has further strengthened its UK Acquisition Finance team with the relocation of Nina Brauer from the bank’s German Acquisition Finance team. The appointment underpins AIB Capital Markets’ focus on lead arranging mid-market leveraged...