UK unquote
RBS in possible sale of European portfolio
Royal Bank of Scotland (RBS) is discussing a possible sale of its European private equity portfolio to Alpinvest Partners N.V.
LDC supports MBO of UK luggage retailer
LDC has backed the management buyout of UK luggage brand, Antler, for an unknown amount.
MTI Partners invests £250.000 in Arvia Technology
MTI Partners has injected £250.000 in water-treatment specialist Arvia Technology, through the UMIP Premier Fund.
MBO of Barclays Private Equity underway
Reports indicate the long-awaited MBO of Barclays Private Equity, from listed Barclays bank, is on track and will be finalized in the next few months.
Consortium invests $7.5m in Movidius
Existing shareholders Celtic House Venture Partners, Capital E, Emertec Gestion, AIB Seed Capital Fund and angel investors have invested $7.5m in a series-B round in semiconductor company Movidius.
Shanks walks away from Carlyle deal
UK waste management company Shanks has reportedly walked away from takeover talks with Carlyle, as the private equity investor failed to table a deal that its board could recommend to shareholders.
Maven Capital hires Gemma Hamilton as Investment Manager
Maven Capital Partners has bolstered its Northern team with the hire of former DLA Piper solicitor, Gemma Hamilton, as investment manager.
Private equity investors back $1.4bn financing of Avolon
Cinven, CVC Capital Partners and Oak Hill Capital Partners have committed $750m to back a $1.4bn financing deal of Irish aircraft leasing company Avolon. The deal is subject to regulatory clearance.
Scottish Venture Fund joins £9.6m round for TPP
The Scottish Venture Fund has joined a £9.6m funding round for drug development company, TPP Global Development.
Terra Firma in competition for Biffa gas unit
Terra Firma has made a bid for the landfill-gas unit of UK waste management specialist, Biffa, according to reports.
Icera gets $45m from backers
UK mobile semiconductor chip manufacturer, Icera, has received $45m in funding from its existing backers, which include Accel Ventures, Amadeus Capital Partners, Atlas Venture, Balderton Capital and DFJ Esprit.
BGL agrees to cash offer for Liberty PLC
BlueGem Gamma Limited (BGL) has agreed to purchase the ordinary share capital of retailer and wholesale company, Liberty Plc.
Willetts rejoins Bridgepoint
Adrian Willetts has rejoined the Bridgepoint group as a partner in its lower mid-market investment unit, Bridgepoint Development Capital.
BC Partners wins bid to extend fund investment period
BC Partners has been granted permission to extend the investment period of its latest fund, according to reports.
Permira teams up with AMEX for RBS WorldPay bid
Permira and American Express are thought to have partnered to make a bid for Royal Bank of Scotland’s payment processing business.
Energy Ventures lead NOK 170m buyout of Read Well
Energy Ventures has, alongside Viking Venture, KLP and management, wholly acquired oil & gas services provider Read Well Services (RWS), valuing the business at NOK 170m.
NorthStar pumps £650,000 into Eutechnyx
NorthStar Equity Investors (NSEI) has invested £650,000 in Eutechnyx. The deal was carried out from the Finance for Business North East Fund.
BeCapital et al. in £5m round for Helveta
BeCapital has led a £5m round for software company Helveta, with Carbon Trust joining as a new investor.
Carey Olsen boosts team with four
Carey Olsen has bolstered its team with four hires, including specialist funds lawyer, Oliver Quarmby.
Terra Firma infuses fresh cash into EMI
EMI has confirmed it will receive a fresh cash injection from its private equity backer, Terra Firma, as it continues to fight against breaching bank covenants.
unquote" 17 May 2010
Despite plummeting stock-markets, private equity firms failed to pick up listed companies at major discounts in 2009. However, with UK markets still well below their peak, and increasingly positive news on the state of the economy, take-privates are...
CPE invests £7.5m into portfolio company Climate Energy Ltd
Climate Change Capital Private Equity (CPE) has invested a further £7.5m into its majority owned portfolio company Climate Energy, an energy efficiency services firm.
George Osborne set to vote against AIFM
Britain’s new Chancellor, George Osborne, is set to vote against the Alternative Investment Fund Managers (AIFM) Directive, according to reports.
Zeus backs Electra-net acquisition
Zeus Private Equity-backed Electra-net (UK) has acquired KeTech 2As Ltd from the KeTech Group.