Western Europe

Lord Malloch-Brown says industry can help end poverty

The UK's Minister for Asia, Africa and the UN called on emerging markets managers not to shirk their social and enviromental responsibilities in the countries where they invest.

Balderton, Advent back home-moving website

The European venture firms have backed website Moveme.com. Balderton’s investment was driven in part by the memory of the stress of moving house.

CVC sells healthcare business to BUPA(4)

BUPA, a UK healthcare group, has made a A$1.225bn acqusition of CVC's DCA Agedcare Group, just months after selling its portfolio of hospitals to Cinven, a UK buyout group.

Cerberus offloading $700m of Austrian real estate

The US investment firm that took over troubled Austrian bank Bawag-PSK in May is now selling a property package that belonged to its new acquisition.

Oakley holds first close on €140m(3)

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.

Edmond de Rothschild, 3i acquire hotel website(2)

Through the purchase of website FastBooking, two private equity firms are looking to take advantage of the growing trend of internet booking.

Kaupthing drops €3bn NIBC acquisition

US buyout firm JC Flowers has been unable to sell the Dutch bank, despite agreeing a deal in August. The cancelled deal may dampen Flowers’ interest in UK bank Northern Rock and UK insurer Friends Provident.

Lightyear lines up Lloyd’s membership for its first UK acquisition(3)

Lightyear Capital has acquired the UK operations of German insurance company Württembergische Versicherung, after ensuring the company could become a member of Lloyd’s of London.

Lion looks to private bidders for Wagamama(3)

Lion Capital, the European buyout firm, has called off a planned listing for Japanese restaurant chain Wagamama because a trade sale will fetch a better price as it looks to exit after two years ownership.

GP Investments matches Latin American fund record(3)

The quoted Latin American firm GP Investments has closed its fourth fund on $1.3bn with partners in the firm contributing almost a third of the capital to equal Advent International's record breaking Latin offering.