Mid-market private equity house Graphite Capital has upped its equity interest in nursing homes operator Avery Healthcare (along with management) to £23 million, in order to aid the latter’s ambitious expansion plans.
Private equity group CVC has been given permission by the European Commission to complete its purchase of a controlling stake in Formula One Group, the motor racing company infamously steered by the wily Bernie Ecclestone.
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Choices – the provider of residential care services for individuals with learning difficulties – has been acquired by its management, in a deal backed by Granville Baird Capital Partners. The private equity house invested £10 million in the transaction.
More than a quarter of growing businesses have been adversely affected by dealings with so-called phoenix companies, perfectly legitimate entities that have risen from the ashes of a failed venture – according to a survey from the Better Payments Practice Group.
Choices – the provider of residential care services for individuals with learning difficulties – has been acquired by its management, in a deal backed by Granville Baird Capital Partners. The private equity house invested £10 million in the transaction.
More than a quarter of growing businesses have been adversely affected by dealings with so-called phoenix companies, perfectly legitimate entities that have risen from the ashes of a failed venture – according to a survey from the Better Payments Practice Group.
Sheffield-based laser cutting outfit Mayflower Technology has been taken over by a new management team, backed by an integrated package of debt and equity from Bank of Scotland. Though exact details of the BIMBO have not been confirmed, Bank of Scotland is known to be taking a ‘significant’ minority equity stake.
Duke Street Capital has supported the management buyout of global engineering firm Deloro Stellite from erstwhile owner Vision Capital, in a deal rumoured to worth around €165 million.
AIM’s recent infatuation with Eastern European property companies is set to spread still further in the coming weeks, as Budapest-focused Pactolus Hungarian Property readies itself for flotation.
