The boss of the Reuters Greenhouse fund has plans for a parallel fund of about £250m. It will invest alongside the original fund, but its focus will be on returns rather than on discovering new technologies that Reuters can use.
Apax and Hicks, Muse, Tate & Furst have landed the directories business for a bargain £2.14bn, significantly less than BT had hoped to get.
Bank of Scotland, 3i and High Tech Beteiligungen offer round the cash.
Gresham Trust and KPMG supported the MBO team in their £15m acquisition of the dried fruit and nut company.
The UK Post Office has boosted its private equity allocation by about £450m and has handed discretionary investment mandates to two US firms and one European. But private equity still only represents about three per cent of its £16bn fund.
The executives have bailed out struggling sports website Sportal. Their investment should keep it going for a month or so, during which time the company desperately needs to find about £5m to take it to profitability.
As far as captives go, corporate parents don't come bigger than GE Equity's. Sherwood Dodge talks about life in the world of General Electric.
Compass has agreed to sell the hotel chain for £1.9bn in cash.
British Telecommunications are expected to close a deal today to sell Yell, its yellow pages business, to Hicks Muse Tate & Furst and Apax Partners
The Dublin-based VC firm is keen to build an investment portfolio of Northern Irish technology companies and has raised $10 million to do it