JC Flowers is reported to be a step closer to a possible bid for Northern Rock after it was revealed the US buyout group has £15bn of debt already in place. JC Flowers could begin due diligence on the ailing bank in the coming weeks. Cerberus is also thought to still have designs on Rock.
Existing investors including Softbank and Lakestar reinvest in the tourism booking platform
Andera has reinvested and Prenax has acquired LM Information's subscription management business
Sale ends a six-year holding period for KCP, which backed the company with a £3.3m investment
Danish internet company could reportedly be listed at a valuation of $1bn