Tom Knight, chief executive of the UK sports and leisure retailer, yesterday scrapped plans for an MBO.
West Private Equity has completed a £66m acquisition of Asquith Court, a twelve year-old nursery and independent school group, from a consortium of private equity firms.
The year 2000 was a record year for private equity investment in the UK, says the BVCA, with £8bn invested and £9bn raised. Hi-tech investments soared, but MBOs fell.
2001 promises to be a “grand cru year” for technology investing, said Capricorn’s managing director.
New money from Bank of America, Advent, Oyster, Delta and ITbuilder.
US investor Strategic Hotel Capital has reportedly approached Nomura about some of the Le Méridien assets it is buying from UK group Compass.
The total value of the buyout from Wolters Kluwer Group has not been disclosed, but is believed to be between £45m and £50m.
Hans-Jörg Schnabel and Hagen Schultejoin from Bridgepoint Partners. L&G is looking to make two further appointments to complete a team of five in Frankfurt.
The Elementis board said it had not been able to negotiate an acceptable offer with the unnamed private equity firm that tabled a speculative offer in December.
The private equity firm has bought Photo Service and Photo Station, GrandVision’s two photo-finishing businesses, for $249.3m. The two businesses last year had combined revenues of $212.5m.