Western Europe

BoSIF recruits Brooks as non-exec(2)

The Bank of Scotland has recruited private equity industry veteran Paul Brooks as a non-executive director to advise its integrated finance team.

Private equity creates jobs, claims report(2)

A newspaper study of 30 recent large buyouts in the UK has revealed that the companies involved have actually increased staff numbers by 25 percent under private equity ownership, contrary to recent trade union claims.

London shops go large in New York(2)

CVC, 3i and BC Partners all have recently opened up major new offices in New York City, indicating the growing global influence of UK-based private equity franchises.

Baird sells SHE to RACO(2)

UK-based Baird Capital Partners has doubled its money by selling cooling manufacturer SHE to RACO, an Italian automotive manufacturing group.

August promotes six(2)

UK-based buyout firm August Equity has promoted six professionals, including four of its investment team.

Tchenguiz trumps Blackstone again(2)

Robert Tchenguiz has raised the stakes again in his increasingly fierce battle with Blackstone for tapas chain La Tasca, upping his original bid and buying a 20 percent stake in the business.

TA makes it three with $175m Alere deal(2)

US buyout group TA Associates has made its latest acquisition in the healthcare sector, buying disease management company Alere Medical. It is the firm’s third deal in three weeks.

UK biotech start-up raises £3m on AIM(2)

UK biotech spin-out EpiStem has raised £3m from its flotation on AIM. 33 venture capital sources, and UK business angel network Beer & Partners, have backed the initial public offering.

Rubenstein: Transparency will not be enough(2)

Carlyle Group co-founder David Rubenstein has warned that recent initiatives to improve transparency in private equity will never completely appease the industry’s critics, and suggested that a re-branding exercise may be necessary.

Providence appoints STAR chief to Hong Kong post(2)

Providence Equity Partners continues its Asian expansion, this time with the appointment of the former CEO of STAR, a leading media and entertainment company on the continent.