UK unquote
Oxford Capital adds Watts to investment team
Oxford Capital Partners has appointed Colin Watts as investment director.
unquote" 28 June 2010
Britain’s new coalition government has, for some time, said it will need to implement harsh reforms to improve the country’s fiscal position, while at the same time stating its wish to continue to foster innovation in the private sector.
Summit backs insurance technology vendor Acturis
Summit Partners has acquired a minority stake in insurance technology vendor, Acturis, for an undisclosed amount.
BC Partners lines up IPO for Fitness First
BC Partners is preparing to exit Fitness First in an IPO worth up to £1.2bn, according to reports.
LDC exits defense specialist Kylmar
LDC has sold its minority stake in Kylmar to the UK branch of General Dynamics, for an undisclosed sum.
Alchemy to sell Seymour Pierce stake
Alchemy Partners will sell their 33.6% stake in brokerage firm Seymour Pierce to the company's employee benefit trust.
Octopus Ventures invests £1.9m in Semafone
Octopus Ventures has invested £1.9m in UK call centre support services provider Semafone.
All-equity deals on the rise in 2010
The proportion of all-equity deals being executed by private equity players is on the rise once again, as the debt-underwriting markets continue to lag behind a revival in deal activity, forcing investors to fully back deals to meet vendor deadlines.
3i exits business support specialist KNEIP
3i has exited its minority stake in KNEIP, a Luxembourg-based provider of specialist business support services to the asset management industry.
Capital-E backs eoSemi
Early-stage technology investor Capital-E has co-led a £3m funding round in UK semiconductor company, eoSemi.
Dunedin acquires Weldex for £100m
Dunedin Capital Partners has completed a £100m secondary buyout on crawler crane hire company Weldex.
Albion backs Masters Pharmaceuticals
Albion Ventures has invested £2.65m expansion capital in UK pharmaceutical supplier, Masters Pharmaceuticals.
Neil Price to head Lloyds North West debt PE team
Lloyds TSB has appointed Neil Price as head of its North West Corporate Markets acquisition finance unit, to oversee the development of debt facilities to support private equity -backed transactions in the region.
LDC backs AIM Aviation Group MBO
The Midlands office of LDC has invested in the management buy-out of AIM Aviation Group, for an undisclosed amount.
Lyceum-backed McKinnon & Clarke acquires Encore International
Lyceum Capital has acquired risk management specialist Encore International on behalf of platform investment McKinnon & Clarke for £6.25m.
Clearwater adds Clarke and Stickland to Manchester team
Clearwater Corporate Finance has appointed John Clarke and Andy Strickland to its Manchester Team.
3i-backed Inspicio sells part of operation to Bureau Veritas
3i owned Inspicio has sold part of its business to Bureau Veritas for £450m.
LDC backs 1st The Exchange acquisition of N4
LDC portfolio company 1st The Exchange has acquired N4 Solutions with backing from the private equity investor.
Emergency Budget: Osborne hikes CGT to 28%
UK Chancellor George Osborne has announced a swathe of tax changes in his emergency Budget. With capital gains tax (CGT) up and corporation tax set to be cut, how will these and other changes affect private equity managers and their portfolio companies?...
Ashridge and Core commit £17.5m to Ark
Ashridge Capital and Core Capital have committed £17.5m to UK domiciliary healthcare provider, Ark Home Healthcare.
Candover, Cinven, Permira exit Gala Coral
Candover, Cinven and Permira have reportedly exited Gala Coral, following a restructuring deal that sees them collectively lose most of their £1.2bn original investment - with mezzanine investors taking control of the company.
Catapult provides £900,000 for Renewable Technical Services
Catapult Venture has invested £900,000 in wind energy support provider Renewable Technical Services Ltd (RTS).
CVC Capital to take 30% slice of Merlin
CVC Capital Partners is on the verge of closing a deal to buy a 30% share in Merlin Entertainments, the UK-based theme park group.
Change Capital sells Republic to TPG
Change Capital Partners has exited its controlling stake in UK fashion retailer, Republic, in a tertiary sale to TPG Capital, reportedly valued at £300m.