The government’s proposed capital gains tax increase may have a profoundly negative effect on the attractiveness of the UK as a base for the private equity industry should it apply to them, according to research by Investec Private Equity Partner and Fund Finance. Despite the turmoil of the past two

Private equity firm 3i made a total return of GBP407m during the year to 31 March 2010, a 16.2 per cent return on opening shareholders’ funds. It had strong realisations of GBP1,385m at good average uplifts of 19 per cent over the opening carrying value. 3i’s net debt reduced to

Olympus Partners, a Connecticut-based private equity firm, has acquired Churchill Financial, a middle market focused commercial finance company, through its affiliate Olympus Growth Fund V. Olympus has agreed to refinance existing indebtedness and invest additional capital to support the growth of Churchill’s core middle market lending business.   “Churchill is

Steve Mahon, chief investment officer at Low Carbon Accelerator, a UK-listed cleantech venture capital fund, says he is encouraged by the coalition government’s commitment to showing policy leadership in the low carbon space. According to Mahon, both parties have placed the low carbon economy at the centre of job creation

The London Stock Exchange has admitted HarbourVest Global Private Equity to the Specialist Fund Market. Following its admission, HarbourVest’s shares will be traded on both the Specialist Fund Market and Euronext Amsterdam under the symbol HVPE.   HarbourVest Global Private Equity is a Guernsey-incorporated closed-end investment company, investing in a

Internet Pawn, an online pawnshop in the US, has completed a USD1.5m series A equity financing. New investors Daylight Partners and Access Ventures joined the company’s founders in the financing. "We are thrilled to welcome Daylight Partners and Access Ventures to the company’s family," says Todd Hills, co-founder and chief

Private equity firm Intel Capital is making some changes to its managerial structure as a result of increasing business opportunities in Europe, Middle East and Africa. Intel Capital EMEA is being split into two geographies with managing directors for each. Marcos Battisti (pictured) and his team will look after Western

Private equity firm Riverside has acquired Mansell Group, a provider of web-based email technology-enabled marketing. Mansell’s products allow companies to create, send and track marketing materials. It also provides SMS mobile marketing, broadcast voice messaging, database management, customer intelligence and online lead generation services. Mansell is the first investment funded

Tullett Prebon, an inter-dealer broker, has launched a primary placement business for alternatives to raise capital for hedge funds, private equity and other alternative investment funds. Tullett Prebon’s alternative investment desk began over a year ago to place secondary interests in alternative funds on behalf of institutional investors. The team

Swedbank Ieguldîjumu Pârvaldes Sabiedrîba, SEB Venture Capital and LHV Varahaldus have joined as investors to the BaltCap Latvia managed venture capital fund.  In total the BaltCap fund has attracted seven private sector institutional investors. The other four are Parex Asset Management, Hipo Fondi, LKB Krâjfondi and Pirmais Slçgtais Pensiju Fonds.