Western Europe

IK snaps up Schenck from Hg(3)

Nordic buyout firm Industri Kapital has made its latest investment in the German industrial sector, buying process engineering business Schenck from UK-based HgCapital.

HBoS buys stake in investor network

After six months of negotiation Pi Capital, a high net worth investor network, has sold a stake in itself to Bank of Scotland’s growth equity team to increase the deal flow for its members.

Winning the war

The competition for private equity listings in Europe is fierce. London has clawed back a victory under its old regime. In November, the gloves come off, writes Nicholas Lockley.

KKR takes UK services business private for £593m

The mid-market proves resilient as the global buyout firm dips down to the bottom of its deal range to de-list Northgate and provide a full exit for General Atlantic.

Lehman sets up $105m venture fund with New Jersey(3)

A $105 million, New Jersey-focussed venture fund has been established by the state’s investment division along with US investment bank Lehman Brothers.

MidOcean sells water parks to Candover for $330m

Private equity firm MidOcean Partners has sold its Palace Entertainment portfolio to European amusement park operator Parques Reunidos, a Candor portfolio company, for $330 million.

EMI chief quits as Terra Firma takes charge(3)

Two of the senior managers at EMI, the UK record company recently acquired by buyout firm Terra Firma, have stepped down ahead of its planned de-listing in September. They will be replaced by two representatives from the buyout firm.

USS cranks up co-invest programme with double hire(4)

The UK's second largest pension fund the Universities Superannuation Scheme is demonstrating its appetite for alternatives with the appointment of two private equity specialists to lead its co-investment programme alongside its fund investments.

Barclays pays £85m for wild bird care

The UK bank's private equity arm has bought into a wild bird care business with international ambition.

Lehman sets up $105m venture fund with New Jersey(2)

A $105 million, New Jersey-focussed venture fund has been established by the state’s investment division along with US investment bank Lehman Brothers.