Baxi Group, the UK boiler making company that was put up for sale by private equity firms Candover and Electra Partners, has moved closer to a sale for around £800m.
Four former investment directors of FTSE 100 venture capital group 3i have left to set up their own private equity fund.
Henderson Private Capital, the private equity arm of Henderson Global Investors, has appointed Guy Pigache to its European infrastructure team.
Bridgepoint Capital has acquired Medica, one of the top three nursing home operators in France, for E330m.
Private equity’s corporate governance procedures are superior to those of public companies, argues Simon Wildig of Close Brothers.
Waterland Private Equity, the private equity firm focused on investments in the Benelux region and Germany, has appointed Bert Elema as finance manager.
British engineering and production technology company Invensys has agreed to sell its utility metering unit to the $1.5bn Resolute Fund managed by US private equity firm The Jordan Company.
The US venture capital firm has sold its 26 per cent stake in Munich-based IXOS Software following the sale of the company to Canadian group Open Text Corporation.
Global investment conglomerate Investcorp announced the sale of water meter company Neptune Technology Group to strategic buyer Roper Industries for a total consideration of $475m.
Advent International’s poultry business, bought from BC Partners in May, has made an add-on acquisition in Belgium as part of Advent’s effort to grow its investment.