Corporate venturing specialist Greenhouse Ventures is raising a GBP50 million venture capital fund through its sister company DSG Venture Consulting Limited. The fund will invest in corporate spinouts and is currently seeking FSA regulatory approval, which it should have in place by November. DSG Venture Consulting will also offer a corporate advisory service to complement […]
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 […]
First close for Leman Capital NeSBIC reduces Internet fund Merlin’s third fund on track Access closes second FoF HealthCap closes fourth fund ESP II reaches first close 3i bond deferred & Euro Fund 4 on track Interregnum struggles with fund raising pentech ventures adds GBP5m
First close for Leman Capital NeSBIC reduces Internet fund Merlin’s third fund on track Access closes second FoF HealthCap closes fourth fund ESP II reaches first close 3i bond deferred & Euro Fund 4 on track Interregnum struggles with fund raising pentech ventures adds GBP5m
After a tough a year and significant portfolio write-downs, listed technology investor NewMedia SPARK is reviewing its future with talks of a possible takeover. Quoted stockbroker Collins Stewart is rumoured to be in the running although both firms declined to comment. Joel Plasco of NewMedia SPARK said: “Following our year-end announcement, it is no secret […]
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 […]
Royal Bank Development Capital (RBDC) has sold its stake in specialist security company, Geoquip Holdings to buildings material group, CRH. The 1999 management buy-in/buyout of the group was backed by a GBP1 million investment by the former NatWest Development Capital (now RBDC) and Royal Bank of Scotland. Management is retaining a 25 per cent stake […]
Bridgepoint Capital has acquired an 18 per cent stake in UK-based importer and supplier of private label wine Western Wines for GBP53 million. Barclays Capital is mooted to have provided debt finance to support the buyout, although it is not yet clear whether the debt will be syndicated The investment will assist in the strategic […]
Swedish turnaround specialist Segulah has realised its investment in Modul-System for an undisclosed sum. The company, which manufactures vehicle racking systems for service vans, has been sold to the industrial group, Carl Bennet. Modul-System will become an independent business area within Carl Bennett. Based in Mlndal, Sweden, the company has sales of SEK250 million, 80 […]
Private equity and venture capital has a mainstream function as a force which will continue to bring economic and social benefits, says Max Burger-Calderon, newly-elected chairman of the European Private Equity and Venture Capital Association and executive director at Apax Partners. Burger-Calderon took over from former chairman Edoardo Bugnone at the EVCA Annual Symposium held […]