LDC hires Grant Thornton’s Paul Oldham

LDC has recruited Paul Oldham as an investment professional in its Bristol office.

European venture investment reaches highest level since 2002

European venture capital investment topped €4.56bn last year – the highest annual total since 2002 – according to the latest research from Dow Jones VentureSource.

EQT comes closer to securing Securitas Direct

EQT is a step closer to acquiring listed Securitas Direct for SKr10.1bn (€1.06bn), after raising its bid to overcome shareholder opposition.

Esprit exits Buy.at to AOL

AOL has acquired Esprit-backed Buy.at for an undisclosed sum.

3i to acquire Active Pharmaceutical Ingredients for $395m

3i is to back the buyout of Active Pharmaceutical Ingredients, an international developer and supplier of specialist active pharmaceutical ingredients and a division of New York Stock Exchange-listed Alpharma, for around $395m (€267m).

CalPERS begins secondary sell-off

The California Public Employees' Retirement System has sold a portfolio of fund investments to a five-strong secondaries consortium.