Western Europe

Palamon-led consortium helps HSBC streamline credit card portfolio(2)

European mid-market firms Palamon and Electra Private Equity as well as Morgan Stanley’s alternative investment arm have bought two high-risk credit cards from HSBC at a discount.

Isis makes 3x money bolstering national security(3)

Isis Equity Partners, the UK mid-market buyout firm, has sold secure messaging company Boldon James to trade buyer Qinetiq, after securing contracts for the company with the UK Ministry of Defence and the UK Cabinet office.

New Venture Partners opens Silicon Valley office(2)

Lucent Technologies spin-out New Venture Partners will bring its corporate technology spin-out model to Silicon Valley, a move enabled by the addition of former Intel research director David Tennenhouse.

OPENED & CLOSED

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Lyceum closes £255m fund

The independent firm renewed its relationship with investors that were interested once it had fully cut its ties to its former parent, the German bank West LB.

CVC in $750m Taiwanese window deal(4)

CVC Asia Pacific added a $200 million mainland blind manufacturing business to its basket before closing the $750 million deal for shutter manufacturer Nien Made.

LP PROFILE

<p> LP PROFILE 2007-09-01 Staff Writer &lt;strong&gt;CONTACTS&lt;/strong&gt;&lt;br&gt; &lt;table&gt; &lt;tbody&gt; &lt;tr&gt; &lt;td&gt;Mr. David York &lt;/td&gt; &lt;td&gt;Mr. Guy Rico&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td&gt;Managing D</p>

DFJ Esprit secures 5x exit from sale to AOL

DFJ's European venture affilate has secured a 150 percent IRR over 18 months from its sale of e-commerce website buy.at. It was also joined this week by Amazon as a backer of DVD rental company Lovefilm, marking the increased maturity of the European venture market.

Silver Lake Sumeru in debut tech deal(4)

Silver Lake’s middle-market technology fund, currently reported to be raising an inaugural $1 billion, has done its first deal with the acquisition of mobile phone marketing company Mobile Messenger.

Morley opens fund of funds to third party investors(4)

The UK fund manager owned by insurance group Aviva is to put its experience of private equity fund investing at the disposal of its clients in a rolling programme of annual partnerships.