Insight

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 […]

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 […]

Sensing opportunity just below the border, Sabex Inc., a Canadian pharmaceutical maker, was acquired last week by RoundTable Healthcare Partners L.P. in a transaction worth approximately $100 million. The deal was financed a with mix of equity and debt, though the parties are keeping mum on the specifics. Through the acquisition, Sabex becomes majority-owned by […]

Ever wonder why your deal or fund isn’t mentioned in Buyouts? Probably because we don’t know about it! As we approach the end of the first quarter, please send information about the deals and funds your firm has closed over the last three months to Leslie Green at leslie.green@tfn.com.

East Universal Display Corp. of Ewing, N.J., is raising $10 million through a private placement of Series B convertible preferred stock. There is a minimum investment of $10 million required. At the time of its SEC filing, the issuer had already raised approximately $5 million from one accredited investor. Gerard Klauser Mattison & Co. Inc. […]

Technology- focused Institutional Venture Partners last week announced the close of its tenth investment vehicle, IVP X LP. Originally launched in June 2000 with a $150 million target, the fund was oversubsribed and reached a total cap of $225 million. IVP X will invest in 30 to 35 companies, investing between $5 million and $10 […]

Just when the fund-raising window seemed stuck, yet another group has managed to squeeze through the crack. This time Schroders & Associates Canada Inc. held a $204 million final close on its third buyout fund, Schroders Canadian Buyout Fund III. Schroders & Associates began its fund-raising efforts early last year with an initial target between […]

Just when the fund raising window seemed stuck, yet another group has managed to squeeze through the crack. This time Schroders & Associates Canada Inc. held a final close of $204 million on its third buyout fund, Schroders Canadian Buyout Fund III. Schroders & Associates began its fundraising efforts early last year with an initial […]