Biotechnology is attracting unprecedented venture capital attention but is not at risk from a lapse in investment discipline, according to research by AltAssets. The report, titled Delivering on Discovery Private Equity Investing in Biotechnology, says institutional investors are showing increasing interest in the sector, which is perceived to be on the cusp of delivering on […]
The question on many people’s lips is whether Vivendi will reach its EURO10 billion asset disposal target simply through selling its non-core assets? Many believe the group may fall short of meeting its target if it doesn’t also consider the sale of some of its core assets. First on the sales block is US publishing […]
Hermes, the investment manager for the BT Pension Scheme Trustees, has appointed Charlie Metcalfe as head of business development and deputy chief executive. Metcalfe’s appointment reflects Hermes’ continuing strategy of offering the investment services and products which it provides to its owners, the BT Pension Scheme Trustees, to a broader range of organisations in order […]
3i has exited its investment in Selwood Group, a UK construction equipment, pump hire and sales company, in which it originally invested in 1994 when it bought two businesses Palmer Scaffolding and Selwood from BTR. At that time 3i invested GBP12.5 million and was supported by NatWest on the debt side. Five years into the […]
3i has sold its majority stake in construction company Banner Homes to Rodaway Nominees in a transaction valuing Banner at GBP38 million excluding bank debt and providing 3i with a 28 per cent IRR on its investment. 3i invested in Banner Homes in January 1999, in a GBP22.1 million management buyout. According to 3i, the […]
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 […]
3i has sold UK-based Wheatley Packaging to Austrian paper and packaging group Frantschach for an undisclosed sum. Andrew Garside, a director at 3i, said: “We are delighted with the outcome and have more than doubled our original investment.” The deal is only the second change in ownership for Wheatley Packaging since it was founded in […]
While American entrepreneurs keep whining about declining venture capital investments, it’s their neighbors to the north who really have something to complain about. According to a report released last week by the Canadian Venture Capital Association (CVCA) and MacDonald & Associates, second quarter venture disbursements into Canada-based companies dropped by an astounding 45% from first […]
Royal London Private Equity (RLPE) has expanded its mid-market private equity team with three Royal Bank Private Equity professionals. John Dillon has joined the group as managing director with Richard Caston and Duncan Johnson joining as directors based in London. The team has moved from Royal Bank Private Equity (RBPE) and joins David MacLellan, chief […]
Lionel Anthony has joined Ariadne Capital’s board. Anthony’s venture capital pedigree extends back to 1976 at the Coal Board Pension Funds’ in-house venture capital facility that went on, with Anthony’s assistance, to became independent and ultimately, long after his departure, became known as Cinven (in 1997.) In 1983 he founded Causeway Capital, which raised nine […]