Maven Capital Partners closes management buyout fund at £100m March 25, 2019 Maven Capital Partners has closed its debut management buyout fund at £100m, the Glasgow-headquartered private equity management firm announced today. The fund, which was backed by Scotland’s national economic development agency Scottish Enterprise, targets management buyout opportunities in UK companies with an enterprise value of £10m to £40m, making investments of between £5m and £15m [...]
Growth investor VGC Partners closes £50m fund March 25, 2019 Growth capital investor VGC Partners has closed its second fund at £50m following the success of its debut fund which was anchored by Facebook co-founder Eduardo Saverin. The new fund will target UK-based consumer, media and technology companies, and make investments of between £2m to £5m for minority stakes in high growth firms. Read more: [...]
Kirkland & Ellis retains its title as world’s richest law firm after 18 per cent revenue growth March 21, 2019 US legal powerhouse Kirkland & Ellis has retained its title as the world’s wealthiest law firm after its revenue jumped 18 per cent to $3.76bn (£2.87bn) in 2018. The firm, which has expanded rapidly in London in recent years, also boosted profit per equity partner (Pep) seven per cent to $5.03m, the first time it [...]
Inmarsat shares take off after private equity firms make buyout offer March 20, 2019 Shares in British satellite firm Inmarsat soared more than 16 per cent in early trading after it revealed it is in talks with two private equity firms over a buyout deal. Inmarsat last night confirmed it is in discussions with Apax Partners and Warburg Pincus, which have tabled a cash offer of $7.21 (£5.43) per [...]
Private equity firms Apax Partners and Warburg Pincus approach Inmarsat with buyout proposal March 19, 2019 British satellite company Inmarsat is in talks with private equity firms Apax Partners and Warburg Pincus over a buyout deal. The firms, which were joined by Canada Pension Plan Investment Board, have proposed to make a cash offer of $7.21 (£5.43) per Inmarsat share, the company announced today, which would value Inmarsat at about $3.3bn. [...]
Thin Cats launches £100m funding programme for private equity backed SMEs March 18, 2019 Fintech lender Thin Cats has launched a £100m funding programme for private equity backed small and medium businesses in the UK. The loan provider is aiming to help private equity backed companies fund larger sized deals up to £15m. Read more: Oneweb lands $1.25bn in funding after successful satellite launch Recently the firm has provided [...]
Investors increase alternative asset portfolios due to market volatility March 11, 2019 Investors are increasing the percentage of their portfolios dedicated to alternative assets as volatility hits mainstream markets. One in four private investors have 20 per cent or more of their overall portfolio allocated to alternative assets such as private equity, infrastructure and real estate, according to research by Connection Capital. Read more: Ares Management injects [...]
FTSE 100 risers and fallers: Index dips amid fears over global growth March 8, 2019 The FTSE 100 index slipped 0.7 per cent today driven by a plunge in gambling company GVC's shares and poor Chinese export data that has sparked fears over global growth. GVC led the day’s fallers with its share price 13.82 per cent down after dropping as low as 18 per cent earlier in the day after its chief [...]
Apollo’s £3.3bn buyout of RPC Group melts away as plastics giant turns to ‘superior offer’ from Berry Global March 8, 2019 A US rival has hijacked the £3.3bn takeover of plastic packaging giant RPC Group by private equity firm Apollo Management. RPC accepted an offer in January by private equity firm Apollo Global Management after months of negotiations, but this has been ditched in favour of a “superior offer” by Berry Global. Read more: RPC's £3.3bn [...]
M&A could be the cure for the UK’s threatened pharmaceutical industry March 7, 2019 Six in 10 UK hospital pharmacists report medicine shortages daily – twice the rate as the whole of the European Union. And this is before the fast-approaching EU withdrawal agreement puts additional pressure on the medicine supply chain. According to Mike Thompson, chief executive of the Association of the British Pharmaceutical Industry: “every month, 45m [...]