The final stages of the auction to divest Ford's Jaguar and Land Rover divisions are being hindered by a reported £1bn deficit in the group's pension fund. The shortfall means that Ford is likely to have to sweeten the deal for Tata and One Equity Partners, the two buyers in detailed negotiations for the business. It is understood Ford will take a minority stake in Jaguar Land Rover following the deal. Insiders report that despite Tata and One Equity's progress, the deal could still be won by a third party.
DVI Equity Partners, Frontline Ventures and Enterprise Ireland also take part
Newcomer Target Global and existing investor Round Hill Ventures also take part in the round
GP invests €7.3m in the France-based point-of-sale merchandising equipment provider
Azimut appoints Jeffry Brown as CEO of AACP; Brown previously worked at Dyal Capital Partners