UK unquote
High street blues
Department stores chain TJ Hughes, acquired by turnaround investor Endless in March, is due to appoint administrators in the coming days. Endless managing partner Gary Wilson talks to Greg Gille about the difficulty of rescuing the business amidst a gloomy...
ISIS-backed Encore acquires West End Bookings
ISIS Equity Partners-owned Encore Tickets has acquired event tickets supplier West End Theatre Bookings from Holidaybreak for more than £10m.
Souillard to head LDC South
Yann Souillard has been appointed as managing director of the Southern region at LDC. He replaces Kevan Legget, who announced his retirement earlier this year.
UK & Ireland unquote” out now
The 27 June edition of UK & Ireland unquote" brings you up to date with all deal activity in the region in the past fortnight.
UK & Ireland unquote” 27 June 2011
The Carlyle Group has acquired motoring services provider RAC from insurance company Aviva for £1bn, making it the largest buyout in the UK so far this year.
CT Investment Partners adds investment manager
Mike Bakewell has been appointed as an investment manager at CT Investment Partners (CTIP), which manages the North West Fund for Energy and Environmental.
VC-backed Shazam raises $32m
Kleiner Perkins Caufield & Byers (KPCB) and Institutional Venture Partners (IVP) have led a further $32m funding round for UK-based mobile music discovery application Shazam.
Carlyle buys RAC for £1bn
The Carlyle Group has acquired motoring services provider RAC from insurance company Aviva for £1bn.
TDR buys Lowell Group from Exponent
TDR Capital has acquired Leeds-based debt purchasing specialist Lowell Group from Exponent Private Equity.
Foresight Group expand solar team
Foresight Group has added portfolio director Daniele Tabacco to its solar investment team.
Altitude backs domiciliary care provider
New regional private equity player Altitude Partners has made its debut investment from its first fund, Altitude One LP.
PwC appoints Nick Atkinson as head of debt advisory
PwC has announced the appointment of Nick Atkinson to head its advisory debt unit.
Montagu to put Maplin sale on hold
Montagu Private Equity is looking to hold on to UK electronics retailer Maplin for another year, according to media reports.
Kernel Capital backs MPSTOR
The Bank of Ireland Kernel Capital Fund has invested €700,000 in data storage specialist MPSTOR Ltd.
Core Capital announces new LP fund
Core Capital will set up the new £76.2m Core Capital I LP fund with additional funding of £46.8m, to provide six existing companies from its VCTs with fresh growth capital.
ECI acquires Stewart Group
ECI Partners has backed the BIMBO of UK plastic moulded products supplier Stewart Group, valuing the business at £17m.
LDC expands Midlands team
LDC has appointed Robert Schofield as investment director.
Clearwater hires three; returns to Covent Garden
Clearwater Corporate Finance has appointed three people to its team, including James Dykes as new deal leader.
UK & Ireland unquote" out now
The latest digital edition of UK & Ireland unquote” is out now, featuring all the latest analysis, deals and exits in the region.
Ropes & Gray announces new partner in London
John Baldry has joined Ropes & Gray’s tax and benefits department as a partner.
UK & Ireland unquote" 13 June 2011
AXA Private Equity has paid $1.7bn for Citigroup’s portfolio of limited partner interests.
VCs reap 3x return on Dexela sale
Albion Ventures and the London Technology Fund (LTF) have sold UK-based medical equipment company Dexela to US healthcare firm PerkinElmer Inc. for an undisclosed amount.
Pioneer Point adds three to investment team
Pioneer Point Partners has expanded its London-based team with three new investment professionals: Jens Düing, Edoardo Luciani and Cyril Gautier.
Private Equity Art Exhibition raises more than £20k
Following recent media scrutiny of private equity deal-doing, the industry looks once again in dire need of hiring a PR guru to protect its public image.