The British Private Equity and Venture Capital Association has published its annual Performance Measurement Survey summary for 2012. The Performance Measurement Survey, produced in association with PwC and Capital Dynamics, encompasses 510 UK-managed independent private equity and venture capital funds, and finds that the combined ten-year internal rate of return (IRR) stood at 15 percent for 2012, against 8.3 percent for total pension fund assets and 8.8 percent for the FTSE All-Share over the same period.
3 min read · 10 June 2013
NVM Private Equity has sold IG Doors, a manufacturer of composite external doors for the housebuilding industry, to the Hörmann Group, a family-owned German manufacturer of residential and industrial doors. The sale represents an IRR of 17.3 percent per annum and a money multiple of 3.3x on NVM’s original investment.
5 min read · 10 June 2013
Dunedin has backed the management buyout of York headquartered Trustmarque Solutions, a provider of technology services and solutions to private and public sector organisations across the UK. The business was acquired from LDC.
5 min read · 10 June 2013
UK-based Private equity house WestBridge Capital has appointed Pascal Wittet as senior investment manager. The announcement follows the firm’s recent move to new offices in London to accommodate its growing team.
1 min read · 10 June 2013
OMERS Private Equity, the private equity investment arm of the OMERS pension plan, in equal partnership with Alberta Investment Management Corporation is to acquire Vue Entertainment from Doughty Hanson and management. Vue is an operator of modern multiplex cinemas in the United Kingdom, Ireland, Germany, Denmark, Portugal, Poland, Latvia, Lithuania and Taiwan. The transaction is expected to close by late July 2013.
6 min read · 10 June 2013
Pan-European mid-market private equity firm Agilitas has made its maiden investment with the management buyout of ISS Damage Control from ISS Group. The consideration for the acquisition is not being disclosed. ISS DC was established in 1983 and provides 24/7 damage control, rebuilding and emergency response services for fire and flood damage in Scandinavian commercial, industrial and residential properties.
2 min read · 10 June 2013
Read all about the latest private equity and venture capital updates after the weekend including corporate finance and Asian market gossip, top analyst stock tips of the week and the low-down on Google's Waze acquisition.
1 min read · 10 June 2013
KKR has agreed to acquire a 430,000 square foot Retail Park Portfolio from Resolution Property. Financial details of the transaction are undisclosed. KKR has selected Quadrant Estates as the retained Asset Manager. The UK-based portfolio is made up of multi-let retail warehouse space in strong locations in Oxford, Glasgow and Sunderland and contains a combination of food, shopping and retail outlets, as well as bulky goods consent.
4 min read · 06 June 2013
SkilaMederi, a global life-sciences social analytics strategic solutions and launch optimization provider, and Qforma, a provider of advanced analytics and predictive technologies for the life sciences industry, have merged. BelHealth Investment Partners, a healthcare private equity firm and majority owner of SkilaMederi, will support the merger with an additional equity investment.
4 min read · 06 June 2013
International law firm Greenberg Traurig has added shareholder David Oppenheim to its New Jersey and New York offices. Oppenheim’s practice will focus on franchising, transactional and regulatory matters.
4 min read · 06 June 2013
