UK unquote
Advent sells Poundland to Warburg Pincus
Global Private equity firm Advent International has divested its stake in single price retailer Poundland to private equity firm Warburg Pincus, in a deal reportedly worth £200m.
unquote" 4 May 2010
Buyout activity in the UK has been growing now for six consecutive quarters as the industry recovers from the financial crisis.
EBS Building Society in talks with private equity investors
Ireland's EBS Building Society is reportedly seeking funds from private equity investors, in a bid to raise the €875m it needs to reach new regulatory capital targets by year-end.
NLV leads $26m round for Immunotec
US-based New Leaf Venture Partners (NLV Partners) has led a second tranche of a $26m series-D round of funding for biotech business, Oxford Immunotec Ltd.
Ludgate commits £730,000 in Hightex
Ludgate Environmental has claimed a stake in Hightex Group by investing £730,000 to buy 10,000,000 ordinary shares.
EPi-V backs sand systems developer
EPi-V has invested an undisclosed amount of growth capital in sand control systems developer, Scarlet.
ZooBiotic buys German competitor BioMonde GmbH
Zoobiotic, a Welsh producer of larvae products for the UK medical market has bought BioMonde GmbH, a former competitor also involved in larval therapy.
Canadian pension fund Omers close to buying ISS
Omers is on the verge of buying Inchcape Shipping Services, a European port and shipping services company. If successful, the buyout would be Omers' first European investment deal.
MTI leads £1.15m round in PowerOasis
High tech VC investor MTI Partners has committed £650,000 from its UMIP Premier Fund (UPF) as part of a £1.15m investment round in Swindon based, intelligent telecoms power solutions provider, PowerOasis.
Cavendish appoints two partners
Cavendish Corporate Finance LLP announced that Mark Perry and Joe Stelzer have joined the firm this month as partners.
Bridgepoint completes HobbyCraft acquisition
Bridgepoint Capital has acquired HobbyCraft, one of the UK's top retailers for art and craft.
2e2 acquires Morse
2e2, the business IT services company owned by Duke Street Capital, has made a £69.8m cash offer for UK infrastructure-focused technology company, Morse.
Beringea pumps £1.5m into Tossed
International venture capital company Beringea has backed restaurant group Tossed with £1.5m development funding to back the group’s growth.
CPE leads €9m round for Nualight
Climate Change Capital Private Equity (CPE), has led a €9.1m funding round in Nualight Ltd, a manufacturer of LED lighting solutions for the retail sector.
Clearwater appoints two; boosts London office
Clearwater Corporate Finance has strengthened its London team with the appointments of assistant director, Richard Shaw, and manager, Ravi Monteiro.
Graphite backs Third Space expansion
Graphite Capital has supported gym portfolio company The Third Space’s £2m expansion plans to build a second London gym at the Marylebone Hotel.
David Yates join's Advent's Operating Partner Programme
Advent International has appointed David Yates, former First Data International president, to an advisory position for the company’s Operating Partner Programme.
Sovereign’s City & Country acquires Sterling
Sovereign Capital-backed domiciliary care provider, City & Country (formerly London Care), has acquired Sterling Homecare Limited as its first bolt-on.
Lloyds looks to sell stakes to Coller led consortium
Lloyds Bank may be on the verge of selling its portfolio of equity investments, which includes a 29% stake in Vue Entertainment, to a private equity group headed by Coller Capital.
NVM sets up RCC Lifesciences
NVM Private Equity has backed the £3m launch of RCC Lifesciences Limited. The acquisition vehicle will target development capital opportunities within the UK healthcare sector and primarily the lifesciences and medical devices markets.
Philip Yea to hit stock market with oil and gas fund
Philip Yea, the former 3i chief executive, is assembling a team to launch a fund dedicated to buying assets in the oil and gas market.
Gresham buys Team Telecom Group for £32.8m
UK mid-market investor Gresham has backed the £32.8m management buyout of telecoms services provider Team Telecom Group (TTG) from Spice plc.
Blackstone and Wellcome Trust drop bid for RBS assets
Blackstone and UK medical research charity Wellcome Trust have dropped a bid for 318 branches of the Royal Bank of Scotland up for sale.
unquote” 22 April 2010
The small-cap market has proved remarkably resilient to difficult market conditions. While other market segments saw little activity in the first quarter of 2010, almost 40 small deals were completed.