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Midven sells Dynamic Change for c£9m
Venture capital investor, Midven, has sold Dynamic Change to Aim-listed Allocate Software, for about £9m, reaping 8x returns on the cash investment.
BVCA warns Tory-Lib Dem government on CGT
The British Venture Capital Association (BVCA) has warned the country’s new Conservative-Liberal Democrat government against making a rushed decision on capital gains tax (CGT).
AlixPartners appoints two directors to London team
AlixPartners has appointed Nick Bradley and James Priestly to its London office.
Terra Firma ‘confident’ on EMI debt
Terra Firma says it is confident it will meet its debt obligations to Citigroup into the next year, according to reports.
CVC sells 4.2% share in IG Group
CVC Capital has sold its 4.2% stake in IG Group, a UK betting company, worth an estimated £58m.
Former fund managers sue 3i
Two former 3i fund managers have reportedly sued the company for £3.06m each in shares and cash performance bonuses, following the closure of a fund they were hired to run.
Endless promotes four
UK buyout and turnaround specialist investor Endless has promoted Aidan Robson, James Woolley, Indra Valeinis and Lucia Villamor, with immediate effect.
LDC backs SMEs with new £100m commitment
Lloyds Development Capital has committed £100m over the next three years to back businesses in the South West and South Wales, the Thames Valley and the home counties.
BlueGem to acquire Liberty
London-based private equity operator BlueGem is in the process of presenting an offer for the acquisition of an 86.3% stake luxury department store Liberty, according to market rumours.
Big Issue to raise £10m social enterprise fund
Big Issue Invest, the banking arm of weekly homeless magazine The Big Issue, is said to be nearing the first closing of its social enterprise fund with close to £3m in commitments.
Terra Firma investors vote on EMI
Reports suggest Terra Firma’s investors will be voting on whether the future of EMI lies with Terra Firma or if the private equity house will default control over the debt-laden music label.
EPi-V backs sands systems developer Scarlet
EPi-V has completed a series-A venture financing of sand control systems developer Scarlet. No financial details have been disclosed.
Elysian Capital acquires Vertical Pharma Resources
Elysian Capital has backed the management buyout of pharmaceutical supplier Vertical Pharma Resources Limited. Two of the original four founders of the business, trading as Integrated Pharmaceutical Services (IPS), have fully exited.
Albion invests £6.4m into new NHS facility
Albion Ventures has invested £6.4m into an NHS hospital in Somerset, South West England. The facility will have 62 beds and provide rehabilitation and long-term health care.
Blackberry et al. in $10m round for Aepona
BlackBerry Partners Fund has led a $10m round for Aepona alongside existing investors Amadeus Capital Partners, Polaris Ventures, Innovacom, Nordic Venture Partners and Sutter Hill Ventures.
Sun European Partners acquires Hewden Stuart in £110m deal
Sun European Partners has purchased Hewden Stuart, a Manchester-based construction equipment provider, from Canada's Finning International for £110m.
Barclays puts stop to venture arm
Barclays has stopped any new investments under its private equity division, Barclays Ventures.
Kernel Capital Fund sells its shares in Stokes Bio
Bank of Ireland Kernel Capital Equity Fund has sold its 37% stake in Stokes Bio Limited to US biotechnology company Life Technologies in a $44m trade sale.
Sigma raises £4m in funds
Sigma Offshore, a UK producer of mooring and fluid transfer systems, has succeeded in raising £4m of venture capital.
Vitruvian in £134m Inspired Gaming take-private
Vitruvian Partners has acquired software developer Inspired Gaming (formerly Bass Leisure Machine Services) for £134m.
Vantis promotes Paul Mardon to Client Partner
Paul Mardon has been promoted to Client Partner of Vantis Business Recovery Services.
Osborne Clarke adds to private equity team
Osborne Clarke has promoted two of its associates, Matthew Lewis and Robert Wood, to partner. The private equity division now has 11 partners on its team.
Langholm Capital backs Bart Spices’ MBO
Mid-market private equity player Langholm Capital, has acquired Bart Spices in a management buy-out backing CEO Matthew Shaw.
Apax purchases majority share in Sophos
Apax Funds will buy a majority stake of the information security and data protection provider, Sophos plc. The founders of the IT security company will keep a minority share and are positioned to make £197m from the deal.