Jo Nash
The founders of Index Ventures-backed internet site Last.fm have sold the business to US television network CBS for $280 million. The sale has reportedly generated a $56 million profit for Geneva-based Index Ventures.
Altadis, the Spanish cigarette maker that CVC, PAI and Cinven are stalking, has reportedly met with Imperial Tobacco to re-think a takeover by the UK trade buyer.
Placement agent Triago Group has recruited Jean Aboumrad as head of its newly launched Dubai office.
UK mid-market firm ECI Partners has sold Nuaire, a UK manufacturer of ventilation systems, to Electra Partners, generating an internal rate of return of 80 percent. It has also bought CliniSys, a provider of healthcare software, for £61 million.
Altadis, the Spanish cigarette maker that CVC, PAI and Cinven are stalking, has reportedly met with Imperial Tobacco to re-think a takeover by the UK trade buyer.
Placement agent Triago Group has recruited Jean Aboumrad as head of its newly launched Dubai office.
UK mid-market firm ECI Partners has sold Nuaire, a UK manufacturer of ventilation systems, to Electra Partners, generating an internal rate of return of 80 percent. It has also bought CliniSys, a provider of healthcare software, for £61 million.
US hedge fund DE Shaw is reportedly seeking to launch a private equity fund, as the lines between the hedge fund and private equity markets become ever more blurred.
Buyout house Hellman & Friedman is reportedly placed to make £200 million as part of a £520 million refinancing of asset management firm Gartmore less than a year after it backed a management buyout of the company.
ABN AMRO Capital, the private equity affiliate of Dutch bank ABN AMRO, has bought a majority stake in UK office supplies distributor OyezStraker Group from Hermes Private Equity for £41.2 million.