Western Europe

Enterprise Investors makes 10x return from IPO(4)

Central and eastern European buyout firm Enterprise Investors has made a ten times return on its partial exit from financial services company Magellan.

GIP and Zeus pick up Indian oil and gas company(4)

Indian infrastructure firm Zeus Infra-management and Global Infrastructure Partners have bought East India Petroleum as private equity firms continue to invest strongly in the oil and gas sector.

Olivant drops Rock bid

The Virgin consortium has tabled a largely unchanged bid while the struggling UK bank’s management seeks to retain control via a rights issue. Olivant was put off by a three year repayment schedule for the UK government’s more than £20 billion of loans to the bank.

Oakley holds first close on €140m(4)

Peter Dubens, a UK-based entrepreneur, has taken a first step towards his €550 million target for his debut fund, using proceeds from an AIM flotation and capital from external investors and his team.

Moore opens London office(3)

Moore, a back office services provider, has hired Simon Chadwick from Bear Stearns to spearhead its drive in London and Japan.

CCMP closes ‘debut’ fund on $3.4bn(2)

JP Morgan spin-out CCMP Capital has closed its first global fund, which will focus on buyout and growth equity opportunities.

UK venture firms back vibration harvesting technology(4)

A trio of VCs have clubbed together in a series B-funding round of Perpetuum, which is developing a clean tech generator to capture energy from small vibrations and convert it to electricity.

Terra Firma LPs co-investing £200m in EMI

Terra Firma will tomorrow launch its overhaul of the UK record business after buying it for £3.2 billion at the height of the buyout boom. It is expected to confirm job cuts at the company.

Boots syndication could take up to a year(3)

The syndication of the remaining tranche of Alliance Boots debt could take up to a year after a double blow to the company.

The emerging trend is your friend(3)

As established private equity markets slow in the wake of the credit crunch, global firms are looking further afield and local emerging market managers know this is no flash in the pan, Nicholas Lockley writes.