DH Private Equity Partners related stories
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Nauta Capital Closes $150M Third FundSpanish venture capital firm Nauta Capital has closed its third fund, Nauta III, with $150 million in commitments. The fund is roughly twice the size of the firm’s previous fund. Nauta has already closed seven investments out of the new fund, and aims to back about 20 companies over the next year and a half. The firm, which has offices in Boston and Barcelona, focuses on early stage tech companies.
- Doughty Hanson Refinancing $904M in Debt
Private equity firm Doughty Hanson is refinancing 635 million euros ($904 million) in debt that that it used to buy offshore fund administration firms Equity Trust and TMF Group, Reuters reported. Bank of Ireland, HSBC and Unicredit are expected to lead a leveraged loan refinancing. The new financing will provide a single debt structure for the two financial management businesses, Reuters wrote.
- Terra Firma Weighs Sale of Odeon & UCI
Guy Hands’ private equity firm Terra Firma is considering a sale of the Odeon & UCI cinema chain, Reuters reported. The firm has been in talks with Bank of America Merrill Lynch, which may advise the firm on a potential sale, Reuters wrote. The business is expected to fetch at least $1.1 billion.
- Doughty Hanson Considers Avanza I.P.O.
British buyout shop Doughty Hanson is considering an initial public offering for portfolio company Avanza Group, Reuters reported. Doughty Hanson bought the Spanish bus company in 2006, and has hired JP Morgan to advise on options, Reuters said. The company is worth a reported 900 million euros ($1.3 billion).
- European People News, March 2011
Simon Cook says 2011 will be another tough go for European VC firms; TA Associates adds to its London-based office
- BVCA Hires Mark Florman as Chief Executive – Reuters
The British Private Equity and Venture Capital Association (BVCA) hired Mark Florman as chief executive, Reuters reported. He replaces Simon Walker who took the role three years ago. Florman was previously a senior principal at Doughty Hanson & Co. Ltd. He formed Africa-focused fund 8 Miles LLP with Bob Geldof in 2010. Florman will remain involved with 8 Miles after he joins the BVCA.
- EU Okays $2.24 Billion Impress Acquisition
Regulators in the European Union have approved a 1.7 billion euro ($2.24 billion) acquisition of Dutch metal packaging company Impress Cooperative, Reuters reported. Irish packaging maker Ardagh Glass Group will buy the company from private equity firm Doughty Hanson. The buyout shop has said the acquisition will mean a return of 688 million euros ($895 million) to investors in two of its funds, Reuters said.
- Doughty Hanson Pays $725.6M For British Cinema Chain
Buyout shop Doughty Hanson plans to buy Britain’s Vue Entertainment for 450 million pounds ($725.6 million), Reuters reported, citing an article in Monday’s Financial Times. The founders of Vue Entertainment – which runs Britain’s largest cinema chain – own 51% of the company. Private equity firm Coller Capital and New York-based hedge fund Och-Ziff own the remaining shares, which they both plan to sell to London-based Doughty Hanson, Reuters reported.
- Cardinal still in running for Irish building society
Cardinal Asset Management has been selected by the Irish government as one of the final two bidders for state-owned building society EBS. Bancassurer Irish Life & Permanent is the other bidder. Doughty Hanson and JC Flowers had also bid for the building society, but failed to get through to the last round.