The board of Standard Life European Private Equity Trust Plc has appointed Clive Sherling and Donald Workman as independent non-executive directors of the company, with effect from 1 December 2006. Sherling spent 17 years at Arthur Andersen, the last five years as a partner. He joined Apax Partners in 1987 and was for the last ten years, until he retired at the end of 2004, the group chief operating officer. He is a former chairman of the British Venture Capital Association and is currently a non-executive director of Blacks Leisure Group Plc and vice-chairman of Wembley National Stadium Ltd.
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