Western Europe | FinancePlus

Facebook backer Accel Partners closes $475 million fund

Mar 25, 2013 | News, North America, Western Europe

SAN FRANCISCO, March 21 (Reuters) – Accel, the venture capital firm behind social network Facebook, has closed a new $475 million fund, the firm said on Thursday. Accel London IV will invest in early- and growth-stage companies in the consumer Internet, big...

Neo Capital bags Italy luxury brand Valextra

Mar 25, 2013 | News, Western Europe

MILAN, March 22 (Reuters) – London-based investment firm NEO Capital has bought a majority stake in Italian luxury handbags maker Valextra in expectation of a possible initial share offering. On Friday Milan-based Valextra, known for its leather handbags in...

CSM to sell bakery supplies for 850 mln euros to Rhone Capital

Mar 25, 2013 | News, Western Europe

AMSTERDAM, March 25 (Reuters) – Dutch food ingredients group CSM said on Monday it had agreed to sell its bakery supplies business for 850 million euros ($1.1 billion) to private equity firm Rhone Capital. CSM put its main bakery supplies business, which makes...

American Tycoon eyes Coventry City Sky Blues

Mar 20, 2013 | News, Western Europe

United States property tycoon Preston Haskell IV has emerged as the man waiting in the wings to swoop for Coventry City

Private equity could drive UK company listings revival

Mar 19, 2013 | News, Western Europe

LONDON, March 19 (Reuters) – A trickle of British company stock market listings in London could gain momentum if a more receptive mood among investors persuades private equity firms the time is right to sell. Countrywide prices listing at top of price range...

BBC sells Lonely Planet at £80m loss

Mar 19, 2013 | News, North America, Western Europe

The Times The BBC has vowed never to make another takeover in the vein of Lonely Planet after its commercial arm booked an £80 million loss on the disastrous deal. The Australian publishing brand beloved of backpackers has been sold for £51.5 million to Tennessee...