Global private equity and venture capital news and research

By PE Sector

19 December 2012

LDC spin-off NorthEdge Capital nears final close for maiden fund $

manchester-wheel_sq NorthEdge Capital, the UK lower mid-market firm set up by a group of former executives from the captive private equity arm of Lloyds Banking Group, has gathered about £180m towards its maiden fund and is aiming for a final close early next year, two sources told AltAssets.

19 December 2012

Apax to hand embattled drug courier Marken to lenders

marken_sq Apax will hand Marken over to its lenders this week following a failed attempt to sell the embattled drug courier, losing the £600m the London-based firm first invested in company three years ago.

19 December 2012

Altius Associates partner departs for UCLA Investment Co $

exit-sign-5_sq A long-serving partner at influential global gatekeeper Altius Associates has resigned from his role at the firm to join UCLA Investments Company, two people familiar with the matter told AltAssets.

19 December 2012

Polaris Private Equity caps active year with four promotions

Martin-Bang-jpg_sq Polaris Private Equity has brought the most active year in the Nordic mid-market buyout house’s history to a close with the announcement of four new promotions.

19 December 2012

Palamon’s Towry secures £35m equity from AlpInvest, Honeywell

luxury-yacht_sq Towry, the UK wealth manager with £4.6bn of assets under management backed by mid-market private equity firm Palamon Capital Partners, has raised £35m of new equity to provide additional funding for the company's expansion plans.

19 December 2012

Sydney-based Equity Partners buys controlling stake in AMH

AHM-bolt Australia and New Zealand-focused private equity firm Equity Partners has reportedly bought a 70 per cent stake in DIY, garden and electrical product distributor Amalgamated Hardware Merchants.

19 December 2012

Fortress hits $1.65bn hard cap for Japanese real estate debt fund

Global investment manager Fortress has closed its second Japanese real estate-focused debt fund on its hard cap of JPY130bn ($1.65bn).

19 December 2012

Vaaka Partners exits EMC Talotekniikka to Royal Imtech

Finnish private equity firm Vaaka Partners has agreed to sell technical services provider EMC Talotekniikka to Royal Imtech.

19 December 2012

London-based m8 Capital, ASAHI lead seed round for Japan’s Fuller

fuller_sq.jpg London-based mobile technology investor m8 Capital and Tokyo-based internet service provider ASAHI Net have led a JPY100m ($1.2m) seed round for Fuller, a Japanese technology start-up.

19 December 2012

General Atlantic-backed Getco to buy Knight Capital for $2bn

knight-capital_sq Getco, an electronic trading company backed by global growth investor General Atlantic, will reportedly buy embattled market-maker Knight Capital for about $2bn.

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