The yellow pages business of British Telecom, courted by private equity firms Hicks Muse and Apax, has been told by UK Office of Fair Trading to lower advertising fees.
25 individuals have invested in the Munich-based Executive Fund.
The pension fund is setting the standard by investing into the Botts holding company as well as its fund. The move will give Hermes access to dealflow and increase Botts’s firepower. It is also a canny investment in a growth industry.
RBPE will become the majority stakeholder in Health Club Investments Group after it finances £245m of senior debt for the £260m cash deal.
Europatweb, Sagitta, Aberdeen Murray Johnstone and Jerusalem Global dish it out.
Tom Knight, chief executive of the UK sports and leisure retailer, yesterday scrapped plans for an MBO.
West Private Equity has completed a £66m acquisition of Asquith Court, a twelve year-old nursery and independent school group, from a consortium of private equity firms.
The year 2000 was a record year for private equity investment in the UK, says the BVCA, with £8bn invested and £9bn raised. Hi-tech investments soared, but MBOs fell.
2001 promises to be a “grand cru year” for technology investing, said Capricorn’s managing director.
New money from Bank of America, Advent, Oyster, Delta and ITbuilder.