Simon Havers and James Benfield join Granville Baird Capital Partners as director and investment manager, respectively. Havers joins from ABN AMRO Capital to lead investments in the business services and technology sectors. Havers rejoins Granville Baird Capital Partners, which he worked at during 1994 to 1998. Benfield joins the healthcare team from his previous role […]
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 […]
Leman Capital has reached the first close of its second buyout fund, BVP Europe II at EURO150 million. The team hopes to achieve a final target of between EURO400 million and EURO500 million. The fund has attracted commitments from prominent US and Canadian institutional investors, all previous investors in Leman Capital’s first fund, BVP Europe. […]
Standard Life Investments has achieved a first close on its latest fund-of-funds offering, European Strategic Partners II (ESP II) at EURO639 million, exceeding its first close target of EURO600 million. Standard Life hopes to achieve a final close of EURO1 billion by the third quarter of 2003. In anticipation of an increased workload, the group […]
The GBP495 million senior debt facilities backing the secondary buyout of Coral Eurobet is receiving a positive reception from the market, with mandated lead arranger Lehman Brothers reporting no declines so far. Co-arrangers are invited to underwrite GBP45 million for a target final hold of GBP30 million, for 135bp all-in upfront. The senior debt comprises […]
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 […]
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 […]
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 […]
Health and life science sectors are showing signs of robust growth, according to Deloitte and Touche’s pan-European mediscience review. The report, titled Surviving Uncertainty, says venture capital backing for the sector remains strong with EURO565 million invested in 42 biotech companies in the first half of this year. Venture capital invested in the sector exceeded […]
Mandated lead arranger CIBC World Markets has formally launched senior syndication of the EURO600 million debt financing backing CVC Capital Partners and PAI’s LBO of a 53.66 per cent controlling stake in animal nutrition specialist Provimi from Edison. Co-lead underwriters are asked to commit EURO125 million for an upfront fee of about 150bp, with a […]