Western Europe

Northern Rock shares drop on low-ball bids(2)

The UK Treasury has made clear it can offer no guarantee of prolonged funding, causing potential bidders to make cautious indicative offers.

Candover teams with Icelandic rivals for €1.5bn Stork buyout(4)

Candover has salvaged its troubled bid for Dutch conglomerate Stork by teaming up with the Icelandic consortium that jeopardised its initial bid.

Macquarie to own 45% stake in private aviation services firm(3)

Two Macquarie funds are set to invest an undisclosed amount in Universal Weather and Aviation, a Texas-based service provider to the business aviation industry.

GP Investments to take 50% stake in Brazilian pharma company(4)

The Brazilian private equity firm will invest $136 million in Laboratório Americano de Farmacoterapia, a Brazilian pharmaceutical company.

Oak Hill buys $2bn aerospace company from Carlyle, Lehman(4)

Oak Hill Capital Partners looks to round out its growing aerospace portfolio with the purchase of Firth Rixson.

TA Associates makes 4x in a year selling to DIFC(2)

TA Associates has made a four times return from the sale of SmartStream Technologies to Middle Eastern firm DIFC Investments after deciding against an initial public offering.

Bridgepoint lands 4.2x, DIC pays £600m(4)

European mid-market firm Bridgepoint has sold Alliance Medical to Dubai International Capital, as the investment firm continues a flurry of acquisitions.

Lloyds TSB private equity arm invests in UK property consultancy firm(2)

Mid market firm LDC is buying a minority stake in GVA Grimley despite fears of a slowdown in UK commercial property.

GP Investments to take 50% stake in Brazilian pharma company(3)

The Brazilian private equity firm will invest $136 million in Laboratório Americano de Farmacoterapia, a Brazilian pharmaceutical company.

Oak Hill buys $2bn aerospace company from Carlyle, Lehman(3)

Oak Hill Capital Partners looks to round out its growing aerospace portfolio with the purchase of Firth Rixson.