Western Europe

3i adult carer exit has 61% IRR

FTSE 100 listed 3i had a 61 percent IRR and a 3.9 money multiple on the sale to Three Delta of a company it first invested in 10 years ago, Care Principles.

Rutland closes second fund on £320m(3)

The turnaround specialist has raised £322 million for its second fund – with a £10 million commitment from its fund of funds vehicle.

ICG backs pharma logistics MBO

Intermediate Capital Group has taken a minority stake in logistics company Marken, as part of a secondary buyout from FTSE 100 listed private equity group 3i.

Helping hand

The Walker Report has given the Delta Two bid for J Sainsbury an extra sheen of respectability and is a sign the industry may take compliance seriously, writes Nicholas Lockley, editor of PEO.

Hands set to take EMI(3)

Guy Hands’ company Terra Firma has nearly reached the necessary shareholder acceptance rate in its bid for EMI, as reports in the Chinese media suggest the buyout firm may sell the business on to Chinese mobile company China Mobile Corporation.

Catalyst closes $170m funds below target

Catalyst Investors has closed its second buyout fund and a UK co-investment vehicle on $170 million, below their initial target of $250 million.

West Midlands ups allocation to above £500m(2)

The UK’s third largest local pension fund West Midlands Metropolitan Pension Fund will increase its allocation to private equity over the medium term to over half a billion pounds.

West Midlands ups allocation to above £500m

The UK’s third largest local pension fund West Midlands Metropolitan Pension Fund will increase its allocation to private equity over the medium term to over half a billion pounds.

Apax makes 40x return on healthcare exit(2)

The global buyout firm has netted a return of more than 40 times its original investment from the sale of Healthcare at Home.

EVCA hits out at Treasury probe

The pan-European trade body has urged caution after the UK Treasury Select Committee suggested private equity needed closer scrutiny. EVCA has taken the unusual step of wading into a national row because it believes any changes could have far-reaching consequences for the industry across Europe.