Scottish banks are set to take the helm of acquisition finance in the Spanish market. Traditionally dominated by French banks such as SocGen and BNP Paribas, the most recent entrant to the Spanish private equity market is Bank of Scotland, which recently celebrated the launch of its Madrid office. Bank of Scotland’s Spanish office, located […]
Barclays Private Equity has sold its stake in Momentum Financial Services, a firm of Independent Financial Advisers, to Aegon UK plc. The company was formed two years ago through the buyout of Aon Consulting Financial Services, in which Barclays invested EURO12 million. Tony Hyams and Mark Taylor of Barclays Private Equity managed the investment and […]
Investment by UK business angels reached a record level of GBP30 million last year, according to research published by the National Business Angels Network (NBAN). Bernard Hallewell, managing director of NBAN, said: “Angel activity showed record investment levels in the first half of last year and remained strong throughout a turbulent period in the second […]
NBGI Private Equity has acquired 21 Invest’s stake in Mountain Warehouse. Mark Neale, who founded the outdoor clothing and equipment retailer in 1997 and is managing director, is rolling most of his proceeds from the original investment into the new acquisition vehicle. 21 Invest, an Italian fund that belongs to the Bonomi family’s Invest Group, […]
Paris-based fund-of-funds manager Access Capital Partners has closed its second generation fund at EURO277 million. The fund was launched last year and held its first closing at EURO200 million. The fund is split into two compartments, EURO154 million will be invested in mid-market buyout funds and EURO123 million will be committed to technology focused venture […]
NeSBIC, the Dutch private equity firm, has made a proposal to reduce the size of its Converging Technologies & e-Commerce Fund (NeSBIC CTe Fund), which it launched during the Internet boom of 2000. The fund will not be making any new investments and will instead concentrate on nurturing its portfolio of 16 companies. The fund […]
BioTissue Technologies has acquired a majority stake in Cell-Lining. BioTissue is exercising an option, concluded in June 2001, to purchase 51 per cent of the company from shareholders including Berlin-based venture capital fund, IBB Beteiligungsgesellschaft. The two German biotech companies specialise in tissue engineering, one of the largest growth markets in healthcare. Cell-Lining was founded […]
Duke Street Capital’s acquisition of Invicta Leisure has provided Electra Investment Trust and RIT Capital Partners with an exit. Esporta Group, the vehicle Duke Street Capital set up for the recent public-to-private of Esporta, has bought the company for GBP140 million. RIT Capital Partners (the successor to the Rothschild Investment Trust) initially backed Invicta, which […]
Listed IT investment and advisory firm Interregnum is battling on with fund raising for its most recent offering. The fund raising was announced in summer 2000 with a target of GBP75 million and has yet to see a final close. The firm reported disappointing year-end results, posting a decrease of 12.5 per cent to GBP1.33 […]
Danish investment company Axcel has realised its investment in furniture manufacturer Fvling Mbelfabrik, part of which was sold in 2000, by merging it with former competitor Harry Iversen Mbler. The new group will be known as Astralis (Latin for star) and will have a turnover of over DKr600 million. Axcel and a number of Axcel […]