London-based venture capital firm TLcom Capital LLP has held a first closing of its new fund, TLcom II, in excess of €50m. The target size of the fund is €150m. TLcom II follows TLcom I, a €138m fund, which closed in December 2000 and includes successful exits such as Iobox and Netscalibur Italia, as well […]
Large buyout funds are out of favour with limited partners (LPs) says a report by placement agent Almeida Capital. The coming year will see LPs increase allocations to small and mid-market funds, special situations and growth/capital funds, whilst they will decrease allocations to large buyout funds as they seek to readdress the imbalance in their […]
UK venture and growth capital investor Foresight Group has been awarded the investment mandate for the £22m Noble VCT.
As the European venture capital industry drifts towards fund specialisation, the argument put forward by VCs is that this is an inevitable consequence of a maturing industry. But what do LPs think and is specialisation really the best way to make top returns?
UK mid-market firm Charterhouse Capital Partners is to acquire Tunstall Group in a secondary buyout deal with vendor Bridgepoint for £514m.
London-headquartered mid-market firm August Equity has sold Healthcare Homes Group (HHG) to Bowmark Capital in a £75m secondary buyout. Healthcare Homes is a Colchester, Essex based elderly residential care provider. It owns and runs 21 care homes with more than 800 residential beds and 200 day-care spaces, making it the largest company of its kind […]
Target: World Health Club Price: Undisclosed Sponsor: North Castle Partners Seller: International Fitness Inc. Financial Adviser: Seller: Partnership Capital Growth Legal Adviser: Sponsor: Morrison Cohen LLP North Castle Partners recently made its first investment in Canada, acquiring the assets of World Health Club, which operates fitness clubs in Calgary and Edmonton. Were it made in […]
February M&A figures compiled by Thomson Financial show a double-digit decline in global activity during the month compared with February last year. The global figures show that 2,604 deals were newly announced during the month, valued at US$234.9bn (€159bn). European companies were the targets in 659 of those offers, generating an overall value of US$98.9bn […]
Eleven-year-old Private Advisors has struck on a formula that's working so well, it’s going global with it.
Making the most of a burgeoning investor appetite for the mid-market, UK-focused private equity firm Bowmark Capital LLP has reached a final close on its most recent fund, Bowmark Capital Partners IV with total commitments of £265m.
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