Robert Venes
London-based private equity firm August Equity’s investment trust has made a £15m commitment to a fund managed by Parallel Private Equity - rising to a possible £30m.
The London-based private equity firm has made its second investment from its Montagu III fund with the £182m acquisition of UK finance software provider Misys General Insurance.
India’s Ranbaxy Laboratories, unsuccessful in its bid for 3i’s German pharma business betapharm in February, has paid $324m for Advent International-backed Terapia.
A consortium led by Apax Partners has had a revised offer for UK media group ITV rejected by the company’s board. The consortium said it would not proceed further with its proposal.
The Sydney-based private equity firm has carried out its second deal of the week, acquiring New Zealand biscuit and snack brand business Griffin’s Foods.
The Paris-based investment house will have €1bn available for acquisitions following the upcoming flotation of Legrand and its purchase of Materis.
The global private equity firm has unveiled total realisations of £1.82bn in its pre-close announcement.
CVC’s acquisition vehicle Alpha Prema now controls 100% of the motor racing business following the acquisition of a remaining interest from Lehman Brothers.
The recent glut of rejections of public-to-private bids by private equity firms in the UK has contributed to a sedentary buyout market in the first quarter of 2006.
The appointment of former Lazard investment manager Christopher Parkin will help the US-based private equity firm expand its activities in Europe.