Western Europe

Report: WL Ross offers $435m for bankrupt mortgage division(4)

US restructuring specialist WL Ross has reportedly offered $435 million for the loan servicing division of bankrupt lender American Home Mortgage.

Falfurrias buys Bojangles(2)

Fresh from its first fund close, North Carolina-based Falfurrias Capital has bought chicken-n-biscuits chain Bojangles.

GIP joins Montagu in £1.2bn waste services bid

UK mid-market buyout firm HgCapital leaving the bidding for Biffa has created a gap for Global Infrastructure Partners to team up with Montagu Private Equity, which had signed a non-solicitation agreement alongside Hg with the UK waste services company’s board.

Halyard to net 12x return on secondary sale to VSS(2)

VSS has agreed to pay $185 million for direct marketing company TRANZACT, generating for its owner, Halyard Capital, a return of 12 times its investment and an 85 percent IRR.

Lloyds TSB private equity arm invests in UK property consultancy firm

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

Terra Firma to cut 2000 EMI jobs

The UK buyout firm has signaled its intentions in a £200 million a year cost-cutting exercise. Terra Firma limited partners are taking up £200 million of co-investment rights in EMI backing the turnaround.

DIC makes first direct MENA investment(3)

Dubai International Capital has completed its first direct private equity investment in the region through the acquisition of luxury company Rivoli Group.

Horlick warns industry to sharpen presentation skills(4)

Nicola Horlick, chief executive of UK fund manager Bramdean, used her keynote speech at yesterday's PEI Media conference to highlight the task facing the industry if it is to continue its growth and move into the mainstream.

Citi mulls backing $12.5bn KKR debt vehicle(2)

US bank Citi is considering backing a leveraged loan debt vehicle set up by US buyout firm Kohlberg Kravis Roberts to take advantage of the $300 billion leveraged loan backlog.

TA Associates makes 4x in a year selling to DIFC

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.