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.

Private equity firm 3i invested GBP59m during the fourth quarter, bringing the total investment in the nine months to 31 December 2009 to GBP249m. Of this investment, GBP111m was invested in the existing portfolio and the balance related primarily to capitalised interest.  Investment for the equivalent nine month period in

The Palestine Investment Fund and private equity group Abraaj Capital have completed the first closing of a USD50m private equity fund dedicated to Palestine. The private equity fund will focus on investing in small and medium-sized enterprises in Palestine across a range of sectors and stages of maturity. Abraaj is

Axiom Asia Private Capital Management Services has completed the final closing on its second fund, Axiom Asia Private Capital Fund II. The fund’s total investor commitments of USD950m represent the maximum amount the fund could raise under agreement with its investors and exceeded the initial target of USD750m. The fund

The economic downturn of 2009 severely impacted the US fundraising industry, with the amount of time taken to raise a fund increasing to an average of 18 months, twice as long as in 2005, according to a report by C.P. Eaton. More general partners remained on the road seeking a