European Venture Capital Journal articles from February 2004

European Venture Capital Journal archives from February 2004

Martin Currie boosts PE offering.(Funds)(Private equity )(Brief Article)
February 1, 2004... Martin Currie has strengthened its private equity offering by launching a new fund and forming a private equity advisory panel. The panel will advise Martin Currie on specific private equity investments and give strategic guidance to the firm...

AMJPE closes buyout fund.(Funds)(Aberdeen Murray Johnstone Private Equity)(Brief Article)
February 1, 2004... Aberdeen Murray Johnstone Private Equity (AMJPE) has closed its latest buyout fund on 72m [pounds sterling]. The Aberdeen Murray Johnstone Private Equity Fund will follow a similar strategy to its predecessors, Murray Johnstone Private...

Russell acquires Pantheon.(News)(Russell Investment Group)(Pantheon Financial Consulting)
February 1, 2004... Russell, the investment group, has expanded its private equity capacity with the acquisition of global private equity fired-of-funds specialist Pantheon to create an $8bn business. Pantheon will retain its brand name and management will remain...

Limburg Ventures targets life science.(News)(DSM Venturing and Business Development)(Limburg Development Company)
February 1, 2004... DSM Venturing and Business Development and Limburg Development Company have launched Limburg Ventures, a venture capital fund targeting life science start-ups. The fund has a 25m [euro] target. Limburg Ventures focuses on companies willing...

Northern Venture Managers goes independent.(News)
February 1, 2004... Northern Venture Managers, the manger of four Venture Capital Trusts (VCTs) and one listed investment trust called Northern Investors, has gained its independence from its new owner Aberdeen Asset Management via a management buyout. ...

Interim close for Gresham III.(Funds)(Brief Article)
February 1, 2004... Mid market private equity firm Gresham has announced an interim close on its Gresham III fund. The fund has so far raised a total of 153m [pounds sterling] from 11 investors and hopes to reach its target of 200m [pounds sterling] by early 2004....

Activa Capital fund oversubscribed.(Funds)(Brief Article)
February 1, 2004... A year on from its launch French mid market specialist Activa Capital has achieved a final close on its latest offering. Active Capital Fund FCPR closed at 162m [euro], exceeding its original target of 150m [euro]. The new fund was raised...

CSFB closes secondary fund.(Funds)(Credit Suisse First Boston)(Brief Article)
February 1, 2004... Credit Suisse First Boston has raised nearly $2bn dedicated to making secondary investments in private equity and real estate. The bank's secondary group, CSFB Strategic Partners, has closed CSFB Strategic Partners II with $1.625bn to buy...

Carlyle closes 1st European properly fund.(Funds)
February 1, 2004... Private equity firm The Carlyle Group has closed its first European real estate fund at 430m [euro]. The fund has already completed 15 deals in Prance, Germany, Italy and the UK Eric Sasson, Carlyle managing director and head of the Europe...

nCoTec & Frontiers Capital merge.(News)
February 1, 2004... nCoTec ventures and Frontiers Capital, both early stage technology investors in the communications space, have merged and the new entity will be known as Frontiers Capital. The merger sees Tim Horlick, founder of nCoTec, and Nigel Spray,...

Part'Com renames and reaches first close.(News)(Iris Capital)(Brief Article)
February 1, 2004... Part'Com Management, the French media and technology-focused investor, has reached a first closing on its most recent fund Iris Capital II at 100m [euro]. The team has also gained its independence from CDC Ixis and renamed itself Iris Capital...

Residex Ventures formed.(News)(ICT, P3 Technology Partners)
February 1, 2004... Anew Dutch venture capital firm, Residex Ventures, has been formed by the combination of the ICT team of Residex Venture Capital Network and P3 Technology Partners team. The firm will manage two funds totalling 160m [euro] and including a...

Standard Life breaks 1bn [euro] barrier.(Funds)(Brief Article)
February 1, 2004... Standard Life has reached a final close of 1.09bn [euro] on its latest fund European Strategic Partners II (ESP II), which is 26% larger than its predecessor fund European Strategic Partners. Commitments were received from North American,...

Robeco launches sustainable FoFs.(Funds)(fund of funds)(Brief Article)
February 1, 2004... Robeco Alternative Investments, the Dutch asset management group, has launched a new fund-of-funds to invest in sustainable opportunities. Robeco Sustainable Private Equity has a target of $200m. Both Robeco and Rabobank, the group's parent...

More funds for VCTs.(Funds)(Brief Article)
February 1, 2004... Northern 3 VCT, the generalist venture capital trust managed by Northern Venture Managers, which recently gained its independence from Aberdeen Asset Management, is issuing up to 1,760,000 new ordinary shares at 100 pence through a top up issue...

NStar seeks managers for NE England fund.(News)(Brief Article)
February 1, 2004... NStar, the new technology finance company set up by the Regional Development Agency for the North East of England, has applied for and won 23m [pounds sterling] of funding from the European Regional Development Fund. Total funds available for...

AXA PE buys BdW.(News)(Private Equity)(Betiligungsgesellschaft for the deutsche Wirtschaft)(Brief Article)
February 1, 2004... AXA Private Equity's Secondary Fund II has acquired the balance sheet commitments of Betiligungsgesellschaft for the deutsche Wirtschaft (BdW) from a consortium led by Dresdner Bank. AXA Private Equity has bought balance sheet commitments...

Corporate growth optimism.(News)(Brief Article)
February 1, 2004... Company revenues are expected by 93% of respondents to the ACG/Thomson Financial Corporate Growth survey to increase in 2004. Organic growth through investment in sales and marketing and M&A were each cited by 31% of respondents as the best...

Sigma launches innovation fund.(Funds)(Brief Article)
February 1, 2004... Technology investment specialist Sigma Technology has launched a 6m [pounds sterling] fund targeting small to medium-sized businesses. It will provide seed funding for start-up and early stage technology businesses located in the East of...

CBGC first close on Fund II.(Funds)(Close Brothers Growth Capital)(Brief Article)
February 1, 2004... Close Brothers Growth Capital (CBGC) has announced a first closing of its second fund Close Brothers Grnwth Capital Fund II at 50m [pounds sterling]. The fund has a final target of 100m [pounds sterling]. All investors from the previous fund...

EVCJ advertising rates.(News)
February 1, 2004... THOMSON[TM] EVCJ ADVERTISING RATES Mono Full page 2,750 [pounds sterling] Spot Colour Full page 3,350 [pounds sterling] 4 Colour Full page 3,950 [pounds sterling] Covers Inside Front...

EVCJ annual subscription rates.(News)(European Venture Capital Journal )
February 1, 2004... THOMSON[TM] EVCJ ANNUAL SUBSCRIPTION RATES UK/Europe 866 [pounds sterling] Americas US$1,270 Japan [yen] 135,000 Asia/Rest of the World US$1,270 Contact us about discounts on...

Retail sector proving popular.(News)
February 1, 2004... High profile deals like the public-to-private takeover of Debenhams by CVC Capital Partners and Texas Pacific may have dominated the headlines in 2003 but interest from private equity investors in the retail sector extends beyond this deal....

German banks consolidate VC activities.(News)(Heptagon Capital)
February 1, 2004... Frankfurt-based Equinet Venture Partners, the venture capital subsidiary of equinet investment bank, has taken over the management of Heptagon Capital. The change has been made in response to a request from Heptagon's investors, Germany's...

Hudson & Daghlian build team at O'Melveny & Myers.(News)(Brief Article)
February 1, 2004... Matthew Hudson has joined US law firm O'Melveny & Myers to build its corporate finance and private equity practice. John Daghlian, who left the private equity funds practice at SJ Berwin to join the US firm, joins Hudson. Hudson is also ex-SJ...

Inflexion buys LSM portfolio.(News)
February 1, 2004... Inflexion, the AIM listed mid market private equity investor. has bought an investment portfolio from London Merchant Securities for 12m [pounds sterling], which will be met by the issue of new ordinary shares in Inflexion. As part of the deal...

CDC restructured to form Actis.(News)(Commonwealth Development Corporation split to form Actis)
February 1, 2004... CDC Capital Partners, the government-backed private equity group that invests in developing countries, has been split into two separate entities responsible for the investment management and asset holding functions. The new independent...

AngelNews spreads the word.(News)
February 1, 2004... A free news service for start-ups has launched dedicated to providing updates on the activities of entrepreneurial companies after they have raised their first round of finance. www.angelnews.co.uk will enable early stage companies to...

GMAC CF expands.(News)(GMAC Commercial Finance )
February 1, 2004... GMAC Commercial Finance (GMAC CF) is expanding its European operations with new operations in Poland and Germany. Over the last 12 months, GMAC CF has seen an increase in the demand for finance facilities across Europe and so is on an expansion...

Acanthus and MMC join forces.(News)(Brief Article)
February 1, 2004... Private placement agent Acanthus Advisers and corporate advisory business MMC Advisers have merged to form an independent corporate finance advisory firm focused on providing private equity fund placement and corporate advisory services. The...

Pre-Budget Report: a boost for VCTs?(News)(Venture Capital Trust)
February 1, 2004... Venture Capital Trust managers are waiting to see if proposals from UK Chancellor Gordon Brown's Pre-Budget Report will spark a revival of their industry. But it is probable that as of April 6 2004 capital gains tax (CGT) deferral will be...

Proposed pension changes may boost PE market.(News)(private equity)(Brief Article)
February 1, 2004... Government plans to extend pension rules, which would allow individuals to invest in unquoted companies through Self Invested Pension Plans (SIPPs), could provide a significant boost to the private equity market. Proposed pension changes are...

Coller buys Abbey portfolio.(News)(Brief Article)
February 1, 2004... Abbey National has sold its interests in 41 private equity funds and 16 direct shareholdings to Coller Capital The investment by Coller Capital is being made out of its IV fund Abbey National's original commitment to the funds involved was 748m...

Deutsche divests further PE interests.(Exits)(private equity)(Cdb Web Tech)
February 1, 2004... Deutsche Bank has reduced its private equity portfolio further with the sale of five Israeli venture capital funds to a listed Italian investment company Cdb Web Tech. Deutsche Bank initially had a total commitment of $39.3m in the funds of...

Flightstore floats on AIM.(Exits)(Alternative Investment Market)(Brief Article)
February 1, 2004... Pi Capital and Matrix Private Equity have realised their investment in Flightstore through its admission to the Alternative Investment Market (AIM) of the London Stock Exchange. Pi and Matrix invested 1.7m [pounds sterling] in Flightstore as a...

Q4 IPO recovery.(Exits)
February 1, 2004... European Initial Public Offerings (IPOs) in Q4 2003 showed an increase in both value and volume, compared to the same period in 2002. The number of IPOs increased 76% from 38 in Q4 2002 and offering value rose 129% from 1.102bn [euro] to...

Advent International sells Loxam.(Exits)(Loxam Group)(Brief Article)
February 1, 2004... Advent International has sold its interest in Loxam Group, the French construction rental company for an undisclosed sum to a new holding company called Loxacor The deal represents the third buyout for Loxam within a decade. The transaction...

CapMan makes Swedish sale.(Exits)(Brief Article)
February 1, 2004... CapMan has sold its holding in PIC Engineering to Swedish company SWECO for an undisclosed amount. CapMan invested in PIC in 2000 acquiring an 84% shareholding in the company through its Finnventure Funds IV and V and Finnmezzanine Fund II....

NextGenTel to list on Oslo Stock Exchange.(Exits)(Brief Article)
February 1, 2004... Venture-backed broadband company NextGenTel is to list on the Oslo Stock Exchange with an equity issue it hopes will raise NOK150m. The subscription price will be set within the range of NOK25 to NOK40 per share. The company secured a $6m...

Aspen celebrates IPO.(Exits)(initial public offering)(Brief Article)
February 1, 2004... Aspen Insurance, a London based international property and casualty reinsurance underwriter, has successfully listed on the New York Stock Exchange. Formerly known as Wellington Re, Aspen issued a total of 10.524 million new ordinary shares at...

Barclays sells Preferred Mortgages.(Exits)(Brief Article)
February 1, 2004... Barclays Private Equity has sold its 66% stake in Preferred Mortagages to Lehman Brothers for 2.3 times its original investment generating an IRR of over 40%. Rotch Property Group also held a 15% stake in Preferred Mortgages and management held...

Bridgepoint and Electra sell Gower.(Exits)(Brief Article)
February 1, 2004... Bridgepoint and Electra have realised a 1988 investment from their portfolios. Gower Group Limited, a UK supplier of self-assembly kitchens to DIY multiple chains, has been acquired by Nobia of Sweden in a SEK850m transaction. Gower was...

CapVis sells Tobler.(Exits)(Tobler)
February 1, 2004... Swiss fund CapVis has sold heating wholesaler Tobler in a trade sale worth CHF118m (52m [pounds sterling]). British plc Wolseley, a specialist trade distributor of plumbing, heating and building material products, acquired 100% of the company....

Groupe Plastex in secondary buyout.(Exits)(Initiative et Finance)(Perfectis Private Equity)(Groupe Plastex)(Brief Article)
February 1, 2004... French buyout house Initiative et Finance has realised its investment in Groupe Plastex, a manufacturer of motorcycle clothing and accessories, in a secondary buyout transaction. Perfectis Private Equity has invested 5.5m [euro] to acquire a...

3i and Quester benefit from trade sale.(Exits)
February 1, 2004... CDC Solutions, a VC-backed regulatory publishing company, has been acquired by US listed Information Holdings in a deal worth around $33m. An initial net cash consideration of $19.3m has been agreed, with a further cash consideration of between...

Burren Energy manages IPO.(Exits)(Baring Vostok Capital Partners )(Brief Article)
February 1, 2004... Baring Vostok Capital Partners (BVCP) is celebrating the successful IPO of its portfolio company Burren Energy, a UK-based independent oil company. BVCP, part of Baring Private Equity Partners Group, owns 33% of the company and has not sold any...

BC Partners makes partial exit with Barbero.(Exits)(Barbero)(Brief Article)
February 1, 2004... BC Partners has made a partial exit from its investment in Irish Cantrell & Cochrane with the sale of Barbero, a wholly owned subsidiary of the group. Campari has acquired the business for 150m [euro]. The acquisition includes a wide portfulio...

MidOcean sells Center Parcs ahead of IPO.(Exits)(Arbor PLC)
February 1, 2004... MidOcean Partners sold holiday park operator Center Pares to broker Collins Stewart ahead of the company's float on the London Stock Exchange's Alternative Investment Market. Arbor plc, a specially formed vehicle funded via a placing to Collins...

Barclays Ventures achieves holidays exit.(Exits)(Barclays Ventures)(Med Hotels)(Travel Bargains)(Brief Article)
February 1, 2004... Barclays Ventures has realised its investment in the Med Hotels holiday group via a 16.1m [pounds sterling] trade sale to lastminute.com. The group includes Med Hotels, a hotel consolidator, and travel agency Travel Bargains. The acquirer will...

Trade sales bring food sector exits for 3i.(Exits)
February 1, 2004... 3i has sold two food producing companies, St Merryn and G Costa, to trade buyers Grampian Country Food Group and Associated British Foods. 3i tipped the food and drink industry as a hot sector for investment in a report published at the end of...

CapMan sells caravan company.(Exits)(Lohja Caravans)(Brief Article)
February 1, 2004... CapMan has realised its investment in Finnish caravan manufacturer Lohja Caravans selling to a group of private investors The size of the deal was not disclosed but will have a 0.9m [euro] effect on the listed investor's results for 2004. Lohja...

Spain's 1st secondary MBO provides 3i exit.(Exits)(Labiana)(Management Buy-Out )(Brief Article)
February 1, 2004... ABN AMRO Capital has backed a 30m [euro] secondary buyout, which it claims is the country's first, of Spanish life science services group, Labiana. ABN AMRO Capital is acquiring the company from 3i with the group's general manager, Carlos...

Permira exits dental businesses.(Exits)(Brief Article)
February 1, 2004... Permira has sold its investments in demedis and Euro Dental Holding to Henry Schein Inc, the largest provider of healthcare products and services to office-based practitioners in the combined North American and European markets. The combined...

3i buys Pharmadule Emtunga from IDI.(Exits)(Industrial Development & Investment )(Brief Article)
February 1, 2004... 3i has acquired Pharmadule Emtunga, which supplies high tech facilities, from Swedish private equity fund, Industrial Development & Investment (IDI), The value of the deal was not disclosed but IDI described the investment as 'very successful'...

AIM float of Pixology.(Exits)(Alternative Investment Market)(Brief Article)
February 1, 2004... British digital camera software developer Pixology has listed its shares on the London Stock Exchange's Alternative Investment Market, providing 3i with a partial realisation. Shares were admitted to the market on December 8, achieving a market...

Secondary buyouts provide Bridgepoint exits.(Exits)(Dennis Eagle)
February 1, 2004... Bridgepoint Capital, which achieved 12 exits in 2003, sold three of its investments in secondary buyout transactions in January 2004. The firm has sold IMO Car Wash Group to JP Morgan Partners in a 350m [pounds sterling] deal, Blagden Packaging...

L&GV and ABN AMRO complete deal with Schneider Electric.(Exits)(Legal & General Ventures Ltd.)
February 1, 2004... MGE UPS Systems is back under the ownership of Schneider Electric after eight years and two private equity-backed buyouts. Legal & General Ventures (L&GV) and ABN AMRO Capital sold their stake in the secured power company in a deal worth 298m...

L&GV buys LGC from 3i.(Exits)(Legal & General Ventures)
February 1, 2004... Legal & General Ventures (L&GV) has agreed to buy 3i's stake in LGC, which provides analytical and diagnostic services and was formed by the privatisation of the Laboratory of the Government Chemist. 3i's interest in the company is valued at...

Wellington & Sofinnova exit Cobion.(Exits)(Brief Article)
February 1, 2004... Cobion, the Kassel, Germany-based web filtering and anti-spam technology company, funded by Sofinnova and Wellington Partners has been sold to Internet Security Systems (ISS), the Atlanta-based and NASDAQ-listed IT security company. The reputed...

70m [euro] real estate deal for Doughty Hanson.(Exits)(WestInvest Gesellschaft fur Investmentfonds mbH )(Brief Article)
February 1, 2004... Doughty Hanson has sold the L'Oreal Italia headquarters to WestInvest Gesellschaft fur Investmentfonds mbH (WestInvest), a German open-ended real estate fund in a 70m [pounds sterling] deal. This is the second exit since October from Doughty...

DEWB sells optic.(Exits)(Deutsche Effecten-und Wechsel-Beteiligungsgesellschaft)(Brief Article)
February 1, 2004... DEWB (Deutsche Effecten-und Wechsel-Beteiligungsgesellschaft), the German-listed quoted investment company focused on optic-related technologies, has sold its 84% stake in optic to an unnamed institutional investor. optic is a Swiss optical...

VC consortium sells Synad.(Exits)(Brief Article)
February 1, 2004... Wireless-LAN developer Synad Technologies has been acquired by STMicroelectronics, a publicly traded Swiss company that develops semiconductor solutions for microelectronics applications. The transaction, the size of which was not disclosed,...

Cinven sells Electrium.(Exits)
February 1, 2004... Cinven has realised its final mid market investment through the sale of electrical group, Electrium, to LDC (formerly Lloyds Development Capital) in a 38m [pounds sterling] secondary buyout. Cinven acquired the UK business in April 1997...

3M buys Hornell.(Exits)
February 1, 2004... 3i, Skandia Investment and Hornell Teknikinvest have agreed to sell Hornell International to 3M in a debt free SEK750m deal. 3i reports the deal will return more than 10 times the original amount invested. 3i and Skandia Investment both held...

Partial exit for BS Private Equity.(Exits)(STC)(Brief Article)
February 1, 2004... BS Private Equity has relinquished part of its stake in Italian short sea transportation group, STC in a secondary buyout transaction. Star Social Responsible Fund, a medium size close-end fund sponsored by Efibanca Palladio, has acquired a...

Cinven to exit Unique Pub Company.(Exits)(Brief Article)
February 1, 2004... Cinven is to double its money on its stake in the Unique Pub Company following Enterprise Inn's announcement that it intends to exercise its call option to acquire the 83.2% stake in the group. The consideration for the exercise of the call...

CBPE sells European Golf Brands.(Exits)(Close Brothers Private Equity)(Brief Article)
February 1, 2004... Close Brothers Private Equity (CBPE) has sold European Golf Brands in a secondary buyout transaction. Graphite Capital has backed the management team of the business in a 26m [pounds sterling] buyout; the first from its latest 375m [pounds...

Cambridge Silicon Radio to float.(Exits)(Brief Article)
February 1, 2004... Fabless semiconductor chip manufacturer Cambridge Silicon Radio (CSR), a 3i, Amadeus and Glide portfolio company is to seek a listing on the London Stock Exchange through an offer of new and existing shares. CSFB is sole bookrunner and sponsor...

EQT to sell Vaasan & Vaasan.(Exits)(CapVest)(Brief Article)
February 1, 2004... EQT will relinquish its stake in fresh bakery products distributor Vaasan & Vaasan in a secondary buyout transaction. CapVest is acquiring the business for an undisclosed sum. The transaction is subject to approval from the competition...

eBay acquires mobile.de.(Exits)(Brief Article)
February 1, 2004... Granville Baird Capital Partners is to realise its investment in mobile.de, a classified ads website for German vehicles, eBay will acquire the business for 121m [euro] in cash subject to regulatory approval in Germany. The deal, which will...

Baxi Group refinancing provides exit.(Exits)(Brief Article)
February 1, 2004... Candover and NIB Capital have sold their equity holding in European heating company Baxi Group to BC Partners as part of a refinancing. The refinancing values the company at 662.5m [pounds sterling]. The sale of the Baxi group means the...

IPO prospects for 2004: after four years in the doldrums there finally appears to be some wind in the sails of the IPO market. Louise Cowley considers the relationship between VCs and fund managers and asks, 'how private equity-backed offerings will fare in 2004?'.(Buyouts)
February 1, 2004... As the New Year gets underway, a buzz of optimism surrounds private equity investors' discussions about the public markets. Hopes are high that the long-promised market revival is on the way, providing buyout houses with the opportunity to give...

UK buyouts gain momentum Q4 2003.(Buyouts)(Illustration)
February 1, 2004... In Q4 2003 the UK saw 6.8bn [pounds sterling] worth of buyout transactions completed, according to figures released by KPMG. Charles Milner, head of corporate finance at KPMG's private equity group, said: "The activity reflected in the last...

CMBOR figures show UK exits are slow.(Buyouts)(Centre for Management Buy-Out Research)
February 1, 2004... The Centre for Management Buy-Out Research has released its second exits report, which has found that some 37bn [pounds sterling] worth of value remains locked in buyout situations. The total value of exits did rise in 2003, although largely...

LBO syndications arranged in December 2003 and January 2004.(Buyouts)(leveraged buy outs)
February 1, 2004... ABB OGP Target nation: Switzerland/Sweden Date announced: 16/01/04 Deal type: LBO Acquirer: Candover, JP Morgan Partners & 3i Total value: 825m [euro] Mandated arrangers: Bank of Scotland, CSFB and JP Morgan ...

Refinancings.(Buyouts)
February 1, 2004... Casema Banks have signed in to the recapitalisation of the senior debt facilities that backed Casema's 665m [euro] LBO by a consortium of Carlyle, Providence Equity Partners and GMT Communication Partners in January 2003. Mandated lead...

Private equity-backed takeovers subject to EU competition law.(Buyouts)(Global Garden Products)
February 1, 2004... Azelis Private equity backer: Electra Partners Business description: Specialty chemicals distributor Deal value: 135m [euro] Notified: 06/11/03 Provisional deadline: n/a Cleared: 08/12/03 Electra Partners Europe...

Israeli tech attracts $1bn.(Data Room)(Illustration)
February 1, 2004... Israeli high tech companies raised $1.011bn in 2003, down 11% from the $1.138bn raised in 2002, according to a survey conducted by the Israel Venture Capital Research Center and Israel Venture Association. Of this total 58% was from foreign...

US venture capital looking up.(Data Room)
February 1, 2004... US venture capital ended 2003 on a positive note in Q4 2003 with investments totaling $4.9bn in 679 companies, according to the PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree Survey. This figure...

European fund raising down 40%.(Data Room)(Brief Article)
February 1, 2004... European private equity fund raising continued its path of decline in 2003 to confirm the toughest market since the peak in 2000, according to provisional figures from Almeida Capital. There were a total of 37 final closes in Europe in 2003...

Buyouts making a recovery.(Data Room)
February 1, 2004... After suffering a decline for two years running, the UK buyout market has levelled out and is set to match the value reached in 2002, according to preliminary year-end figures from the Centre for Management Buy-Out Research. The data,...

Acanthus recruits.(People)(Acanthus Advisers has strengthened its team with the appointment of Ian Burgess)(Brief Article)
February 1, 2004... Private placement agent Acanthus Advisers has strengthened its team with the appointment of Ian Burgess. He has been working with Acanthus as a consultant on fired placement and corporate advisory assignments for the past year. He will continue...

Part'Com renamed Iris Capital.(People)(Brief Article)
February 1, 2004... Following the first closing of its most recent fund (see News this issue), Part'Com has acquired majority ownership of the management company and renamed it Iris Capital Management. Formed in 1986 in Paris, the Iris Capital team has managed...

CBPE moves.(People)(Close Bruthers Private Equity has moved offices )(Brief Article)
February 1, 2004... Close Bruthers Private Equity has moved offices to 10 Throgmorton Avenue, London, EC2N 2DL. Tel: +44 (0)20 7065 1100; tax: +44 (0)20 7588 6815.