The equity stake in Sports Capital Partners is Calpers’s third in a VC this year and represents a bold move at a difficult time for venture capital.
GEM Capital has announced E25m of investment in Letsbuyit.com, the online retailer. Letsbuyit.com is also renegotiating the terms of an earlier investment agreement worth E30m with Shmulik Stein.
The tea and coffee company has received an undisclosed offer from an unnamed private equity firm.
RBPE was one of 120 suitors for Doncasters, which is to be merged with Ross Catherall, a firm with similar business. The fate of the Doncasters management is undecided.
Dresdner Kleinwort Wasserstein, Jafco, Dell and Crédit Agricole invest and Close Brothers oversees an MBI.
A proposed £2.5m cash injection from CSFB seems unlikely after Bright Station's shares fell. The rescue plans involved taking most of Bright Station’s businesses private and putting £2.5m into the remaining listed company, SmartLogik.
NatWest Development Capital provided £1.5m equity investment for the management team.
The £69m deal will pave the way for Expamet to dispose of its non-core assets away from the public eye.
The private equity firm will bring shipbuilding to an end at the troubled yard if its £30m bid is successful.
Softbank International Ventures, the international venture capital arm of Softbank Japan, is to merge its UK and European funds into one $600m fund.