Lightyear Capital, a New York-based private equity firm, has completed its acquisition of Financial Network Investment, based in El Segundo, California, Multi-Financial Securities, based in Denver, Colorado, and PrimeVest Financial Services, based in St. Cloud, Minnesota, via an affiliate of Lightyear Fund II. The acquisition includes the holding company and

The Luxembourg Private Equity and Venture Capital Association has been created to represent and promote the interests of private equity and venture capital players based in Luxembourg. The non-profit organisation also intends to support initiatives to enhance the competitiveness and efficiency of the Luxembourg economic, legal, regulatory and operational framework

With the end of tax year approaching, commentators are predicting a bumper year for VCTs in light of the forthcoming increase in the top rate of income tax, as well as the reduction in pensions tax relief for higher earners.  The Association of Investment Companies has collated the views of

Sterecycle, a UK waste recycling technology company, has raised GBP10m to kick-start a multi-year investment programme in recycling plants based on its environmentally-friendly autoclave technology. The funds raised have come from a number of institutional and retail investors as well as the company’s existing investors. This latest round takes total

Law firm DLA Piper has advised management and the shareholders of CPA Global on the sale of a significant stake in the company to mezzanine finance house Intermediate Capital Group.  CPA Global is a Channel Islands-based provider of outsourced legal services. The acquisition has received the required approvals from CPA

Acquisitions of insolvent businesses in the UK have more than doubled over the past year and remain at high levels, according to research into mergers and acquisitions by Experian Corpfin on behalf of insolvency trade body R3. During the fourth quarter of 2009, 67 out of the 630 deals completed

The State Street Private Equity Index posted a 5.83 per cent return for the quarter ended 30 September 2009, a slight increase from the second quarter of 2009 return and 1,418 basis points higher than the return recorded during the same period a year ago. The since inception internal rate

Private equity firm Advent International has acquired Xafinity, a UK-based pension services and employee benefits group, from Duke Street. The value of the transaction was undisclosed. Xafinity provides pensions administration, payroll and consulting services for around 1,100 public sector entities and companies, covering 2.1 million pensioners. The company employs 1,400

Growth equity firm General Atlantic has marked the tenth anniversary of its on the ground presence in Europe, having opened its London office in 1999. Founded in 1980, GA has GBP9.3bn (USD15bn) in capital under management and has invested over GBP1.5bn (USD2.5bn) in European companies over the last two decades.