News
3i sells stake in recruitment firm
3i has realised its minority stake in recruitment consultancy RK Group Ltd as part of the sale of RK Group Ltd to Quantica Plc, the FTSE listed recruitment and training group, in a £13m deal. 3i will receive proceeds of £3.6m, which represents a money...
Granville promotes Havers to MD
Following the success of its recent Anglo-German fundraising Granville Baird Capital Partners, the European business of Baird Global Private Equity, today announces that Simon Havers has been promoted to managing director and will lead the UK team with...
Petrofac IPO success for 3i
3i has realised over £120m through the IPO of Petrofac, the international oil and gas facilities service provider, on the London Stock Exchange at a market capitalisation of £742m.
Bridgepoint makes 3x money on Virgin Active
Bridgepoint has sold its interest in health and fitness business Virgin Active for £134.5m following an agreement with Virgin Group to acquire its 55% stake.
ISIS recruits Marsh from 3i
ISIS Equity Partners has announced the appointment of Henrietta Marsh to lead its AIM team investing on behalf of the Baronsmead VCTs.
BC Partners buys Fitness First from Cinven
European private equity firm, Cinven, today announced that it has agreed the sale of Fitness First to funds advised by BC Partners for an enterprise value of £835m. Fitness First, an investment of the EUR 4.4bn third Cinven fund, was acquired in a £404m...
Gresham invests in Jackson Lloyd
Gresham has provided a financing package of £31m for Jackson Lloyd to support its future growth. Jackson Lloyd is a fast growing provider of maintenance services to local authorities and housing associations in the North West with its head office based...
3i makes 39% IRR on newspaper deal
3i has announced that it has entered into an agreement to sell Local Press Ltd, owner of the Belfast News Letter and Derry Journal, to Johnston Press plc in a £65m deal. 3i will receive proceeds of £40m which represents a money multiple of 1.7x and...
3i and Bridgepoint sell Care homes firm for £14.5m
3i and Bridgepoint have sold Templecare Ltd, the nursing homes operator, to Minster Care Management Ltd, a privately held care homes company, for £14.6m.
Bowmarks seals two deals in school travel sector
Bowmark Capital, the mid-market private equity investment firm, has announced the completion of two new investments in the school travel sector.
Video communications specialist secures £150k from RVCF
A West Country company that develops state-of-the-art video communications products is the latest to benefit from the £25m South West Ventures Fund.
ISIS sells Assa for 2.5x multiple
ISIS Equity Partners has announced that Assa Training & Learning Ltd has been acquired by Carter & Carter Group Plc. ISIS invested in Assa in September 2003 in support of a management buyout. The original and subsequent investments, totalling £4m, were...
Close acquires pharmaceutical firm for £22m
Close Brothers Private Equity has backed the £22m management buyout of IDIS, a market leading importer and distributor of unlicensed pharmaceuticals, on a named patient basis, into the UK and continental European markets.
AXA buys Sotralu
Following the departure of one of the two shareholders of Sotralu, the French leader in fittings for aluminium and PVC doors and windows, the company has chosen AXA Private Equity as its new financial partner.
Graphite sells Equanet to generate 2.2x money
Graphite Capital, the UK mid-market private equity specialist, has sold Equanet, the IT hardware reseller, to DSG Retail Ltd, a wholly owned subsidiary of Dixons Stores Group Plc, for an undisclosed sum.
Activa buys French organic wholesaler
Paris-based Activa Capital has acquired France's largest organic fruit and vegetable wholesaler. Pro Natura was founded in 1987 by its current CEO, Henri de Pazzis, and is France’s leading wholesaler of organic fruit and vegetables and the second largest...
Dunedin to acquire Sand Aire Private Equity
Dunedin Capital Partners, the UK mid-market private equity house, is in advanced and exclusive discussions to acquire Sand Aire Private Equity for an undisclosed amount from Sand Aire Investment Management Ltd, the family wealth management company.
CVC to buy Mister Minit
CVC Capital Partners today announces the intention to sign an agreement to acquire Mister Minit, the world's largest shoe repair and key cutting services chain from UBS Capital for an undisclosed sum. The transaction is being financed by funds managed...
Nursing specialist raises £250,000 from business angels
MediHome Ltd, a Berkshire-based company that provides a unique acute nursing care service to patients in their own homes, enabling them to leave hospital earlier, has raised £250,000 through Thames Valley Investment Network (TVIN), a business angel investment...
Baronsmead VCT 3 to launch 22m C share issue
Baronsmead VCT 3, managed by ISIS Equity Partners, is set to raise a target of up to£22m additional funding in mid-September by way of a C-share issue.
BA Capital acquires GCE from Triton
BA Capital Partners Europe (BACPE), the European private equity arm of Bank of America, has today announced the signing of an agreement for the acquisition, through a BACPE controlled entity, of a majority of the shares in GCE Holding AB, the parent company...
Oxford Immunotec closes £7M series B financing
Oxford Immunotec, the T cell diagnostics company, has announced that it has closed a £7M series B private equity financing. The round was led by Prelude Ventures, who invested £2.75M, alongside Quester, the Dow Chemical Company, and Top Technology....
UK M&A activity rebounds, says GT
The volume and value of UK M&A deals has rebounded during the secondquarter of 2005 with the value of deals increasing by 154% (from £3.5bn inQ1 2005 to £8.9bn in Q2 2005) and the number of deals rising marginally by7% (from 164 in Q1 2005 to 175 in...
HgCapital invests in Irish wind farm
HgCapital has invested in Sorne Wind Ltd, which has developed and is constructing the 32MW Sorne Hill wind farm in County Donegal, Ireland. It is HgCapital's second wind farm investment in less than a year, following its acquisition of the Tir Mostyn...