Deals
SPAIN - KKR interested in Telvent
According to reports, US private equity group KKR is contemplating a takeover bid for Abengoa's Nasdaq-listed technology unit Telvent GIT.
ITALY - Sator interested in Belstaff
Reports suggest that Sator could carry out a capital increase in Clothing Company, the holding company of the Belstraff clothing brand.
GERMANY - Climate Change backs Power Plus with EUR 10m
Climate Change Capital Private Equity has invested EUR 10m into telecommunications business Power Plus Communications AG.
GERMANY - Partech leads Private Sale investment
Partech International has led a funding round, believed to be worth in excess of EUR 10m, for online retailer Private Sale GmbH, alongside existing investors Mangrove Capital Partners and Holtzbrinck Ventures.
GERMANY - HTGF and Bayern Kapital back EUR 600,000 iso-fast funding
High-Tech Gründerfonds (HTGF) and Bayern Kapital have agreed to jointly invest EUR 600,000 into iso-fast GmbH, which has developed a new system to insulate residential buildings.
FRANCE - 123Venture acquires JP Gruhier
123Venture has completed a secondary management buyout of sofa-bed producer JP Gruhier from the founders and previous investors Ciclad and IDI for an undisclosed sum.
UK - NES supports waste management plant
The New Earth Solutions Recycling Facilities Investment Fund has provided financing to support the launch of a waste management plant at Blaise Farm Quarry.
FRANCE - Jamplant buys Kelkoo from Yahoo
Newly established UK-based private equity firm Jamplant has acquired price comparison website Kelkoo from Yahoo!.
FRANCE - CAPE backs EUR 2m Weole funding
Crédit Agricole Private Equity (CAPE), via its FCPR Capenergie fund, has invested EUR 1m as part of a EUR 2m funding round for Weole Energy, a producer of small- to medium-capacity wind turbines, alongside alternative energy supplier Direct Energie.
SWEDEN - Ratos acquires remaining MCC shares for SEK 210m
Ratos has acquired the remaining 40% of MCC, a supplier of climate comfort systems for buses, off-road and speciality vehicles, from founder Gunner Mannerheim for SEK 210m.
SPAIN - Arcano invests EUR 20m into Contratas La Mancha
Arcano has invested EUR 20m into real estate developer Contratas La Mancha, taking a 44% stake in the business.
UK - NVM yields 2.6x money from Stainton sale
NVM Private Equity has sold street lighting columns manufacturer Stainton Metal Company Ltd to Valmont Industries, a NYSE-listed group whose manufacturing activities include lighting and traffic poles, for an undisclosed sum, generating an initial return...
UK - SEP invests £5m into Cmed
Scottish Equity Partners (SEP) has invested £5m into clinical research data firm Cmed Group.
FRANCE - Demeter et al. back EUR 20 Solairedirect investment
Demeter Partners, Schneider Electric Ventures and TechFund have backed a EUR 20m capital increase in portfolio company Solairedirect, a renewable energy producer, alongside insurance companies Macif, AGPM, UMR and Ofivalmo Partners.
SPAIN - Inveralia divests Grupo Zena
Inveralia has sold its minority stake in restaurant group Zena to an undisclosed strategic investor.
SWEDEN - Scope supports Pocketstället
Scope, through Scope Growth II LP, has invested an undisclosed sum into Swedish book distributor, P Pocketstället AB.
ITALY - Cape buys Duplomatic for EUR 3.5m
Cimino & Associati Private Equity (Cape) has wholly acquired industrial manufacturer Duplomatic Automazione from AXA Private Equity in a leveraged buyout valued at around EUR 3.5m.
PORTUGAL - Inter-Risco-backed NewCoffee acquires New Espresso Co
Platform business NewCoffee Co, which is owned by Inter-Risco, Inovacapital and Iberpartners, has acquired New Espresso Co, the Horeca subsidiary of coffee manufacturer Lavazza in Portugal.
SPAIN - Talde invests EUR 1m into Neos Surgery
Talde Capital, through its fund Sendogi Capital, has invested EUR 1m into neurosurgery devices specialist Neos Surgery.
ITALY - Argos and MPS acquire Renel Care
A consortium led by Argos Soditic and MPS Venture has signed a binding agreement for the acquisition of Sorin business unit Renal Care.
GERMANY - HTGF et al. backs United Maps
High-Tech Gründerfonds, Bayern Kapital and SpaceTec Capital Partners have made an undisclosed investment into cartography start-up United Maps GmbH.
AUSTRIA - Gilde Buy Out Partners acquires Powerlines
Gilde Buy Out Partners has agreed to acquire technical infrastructure services company Powerlines Group in a secondary buyout from Invest Equity for an undisclosed amount.
The wheel turns...
With pressure mounting on both GPs and LPs alike as the post-crunch economic decline stagnates the primary market, the cycle seems once more to have turned in favour of secondaries players. Ashley Wassall reports.
GERMANY/UK - Riverside-backed Sage makes fourth acquisition
Riverside Company-backed international communications company Sage Holdings has acquired Capital Precision, a UK-based provider of capital markets intelligence.