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 […]
Enterprise Ireland, the trade and technology body set up by the Irish government to establish VC funds, has released its investment figures for 2001. In the final year of the five-year programme, EURO28.5 million was invested in 51 companies. Software businesses, one of Ireland’s strongest sectors, accounted for 82 per cent of the funds invested. […]
BNP Paribas and ING Barings are mandated to arrange the EURO164.9 million leverage debt financing to support the buyout of Malmo-based global brake systems manufacturer SAB WABCO by US private equity sponsor Vestar Capital Partners. The buyout from Swedish parent company Cardo AB was agreed in July and values the business at around EURO230 million. […]
Delving into the private lives of individuals is probably not uppermost in the minds of venture capital firms when they consider making an investment, but many hire the services of reputational due diligence providers to do just that. Since the collapse of Arthur Anderson, the burst of the high tech bubble and corporate scandals at […]
In what will be the largest leveraged buyout ever of a Canadian company, Bell Canada Enterprises Inc. has agreed to sell its telephone directories business to Kohlberg Kravis Roberts & Co. and Teachers’ Merchant Bank for C$3 billion (US$1.89 billion). New York-based KKR will invest C$540 million (US$342 million) for a 60% stake and majority […]
In what will be the largest leveraged buyout ever of a Canadian company, Bell Canada Enterprises Inc. has agreed to sell its telephone directories business to Kohlberg Kravis Roberts & Co. and Teachers’ Merchant Bank for C$3 billion (US$1.89 billion). New York-based KKR will invest C$540 million (US$342 million) for a 60% stake and majority […]
Alternative asset firm Unigestion has expanded its private equity team with the appointment of senior investment professionals in both its London and Geneva offices. Andrew Marchant has joined Unigestion in London as an advisor to the private equity group. He will work alongside Bernard Sabrier, Christopher Sharples and David Chamberlain. In addition, he will be […]
Under-utilised brands are the target of a new venture set up by the founding partners of international advertising practice, M&C Saatchi. SAATCHiNVEST is looking to take advantage of the recent wave of non-core brands being divested by multinationals. The venture will take on these divested assets and attempt to revitalise and reposition them. The team’s […]
ProSeed Capital, the Belgian early stage investor has agreed a partnership with Cypriot firm, Sharelink Financial Services. Together the two companies will assist life science and technology companies in Cyprus, Greece, Belgium and Israel. ProSeed and Sharelink will provide technical and financial services advice respectively, to ProSeed’s portfolio companies and third parties. They may also […]
HSBC Private Equity is set to buy itself out from its parent bank in a deal reported to be worth GBP50 million. The bank is said to be retaining a 20 per cent stake in the business after the management buyout, which is expected to complete by mid-November. Chris Masterson, who replaced Ian Forrest as […]