Deals
NL - HgCapital acquires Fabory for EUR 345m
HgCapital has acquired Fabory (formerly Borstlap Group), a distributor of industrial fastners, from AAC Capital Partners (formerly ABN AMRO Capital) in a deal which values the company at EUR 345m. Bank of Scotland provided a financing package to support...
UK - Imperial Innovations takes 38% stake in EVO Electric
Imperial Innovations has invested ТЃ375,000 as part of a ТЃ1.5m round of funding in EVO Electric Ltd, a developer of electrical motors and generators, and increased their stake in the company to 38%.
UK - Graphite achieves 3x return from Golden Tulip sale
Graphite Capital has wholly exited its stake in the UK subsidiary of budget hotel group Golden Tulip in a trade sale to Whitbread plc worth ТЃ44m; generating a return of 3x its investment.
UK - Graphite sells hotel chain for £44m
Graphite Capital has sold budget hotel group Golden Tulip to Whitbread Plc for ТЃ44m. Golden Tulip manages five 3-star Tulip Inn hotels and one 4-star Golden Tulip hotel in the UK with a total of 770 rooms. It also has nine more hotels in the planning...
DENMARK - DSM Venturing leads EUR 6.8m investment in Upfront Chromatography
DSM Venturing has led a EUR 6.8m investment round together with existing investors, InnovationsKapital and NBGI Ventures, in Upfront Chromatography, a Danish biotechnology company. The new funding will be used to scale up the sales force, especially in...
UK - Lyceum sells NBG for £91m
Lyceum Capital has wholly exited its stake in National Britannia Group, a specialist provider of health and safety compliance services, in a trade sale to Connaught Plc worth ТЃ91m.
UK - Pension Corporation makes play for telent Plc
Pension Corporation has made a 600p per share offer for telent, the only part of former industrial giant Marconi that remains independent. The deal represents a market capitalisation of ТЃ389m and has been recommended by telent's board. The trustees of...
SWEDEN - Industrifonden invests SEK 10m in Coresonic
Industrifonden has invested SEK 10m in Coresonic, a Linköping-based semiconductor company. The investment will be used to develop the company’s products and further penetrate the market.
FRANCE - Close Brothers mandated to sell Pizza Pino
Astorg Partners has reportedly mandated corporate financier Close Brothers to sell its portfolio company Pizza Pino.
GERMANY - Oaktree acquires European spirits business of Eckes & Stock
Oaktree Capital Management has acquired the European spirits business of Eckes & Stock GmbH. The acquisition completed in late July 2007. Macfarlanes provided legal advice to Oaktree.
FRANCE - Banque de Vizille invests in Dorthz
CIC Banque de Vizille has acquired 20% of Dorthz, a newly-created group comprising building materials manufacturer Eurodorthz and retailer CFC.
UK - Scottish and Southern Energy invests £2.7m InSource Energy
SSE Venture Capital Ltd, Scottish and Southern Energy's new corporate venturing vehicle, has invested ТЃ2.7m and acquired a 40% stake in InSource Energy, a bio-waste-to-energy business created by the Carbon Trust.
UK - Arts Alliance completes £50m exit from PrePay Technologies
Venture Capital firm Arts Alliance has fully exited its stake in PrePay Technologies Ltd through a ТЃ50m trade sale to Accor services, a subsidiary of quoted French company Accor.
SPAIN - Suan Biofarma launches and closes first investment
Pharmaceutical player Suanfarma has submitted its fund Suan Biotech to the approval of regulator CNMV, press agencies report. It is understood that the fund will have total funding of EUR 25m and will invest in the biotech and pharma sectors.
US/UK - Bridgepoint sells JDR Cable Systems to Vision Capital for £90m+
Bridgepoint has sold oil services company JDR Cable Systems to Vision Capital for a consideration believed to be over ТЃ90m. Bridgepoint acquired JDR in 1998 for ТЃ36m and subsequently moved its headquarters from Aberdeen to Houston, US.
UK - Montagu exits IT software insurance company in £276m deal
Montagu Private Equity has realised its investment in Open International, the specialist software supplier to insurance brokers. Montagu acquired the Worcester-based business in March 2006 for ТЃ182m and sold it to privately-owned insurance group Towergate...
SWEDEN - InnovationsKapital invests in Apptus
InnovationsKapital has invested in Apptus, a Swedish search and database technology company. The investment will be used to scale up operations and take aggressive measures with the intention of becoming an international player in search technology.
FRANCE - European Capital invested EUR 22m in Global Design Technologies
European Capital has announced it provided a EUR 22m second-lien to back the $343m acquisition of Franco-American aerospace and power generation supplier Global Design Technologies by Bridgepoint.
UK - Close Growth Capital backs SBO of Killby & Gayford from 3i
Close Brothers Growth Capital (CGC), the hybrid equity and debt finance provider, has backed the secondary buyout of specialist building contractor Killby & Gayford Group, from 3i. CGC is reported to have invested ТЃ13.35m for a significant minority equity...
UK - Tudor Group leads $6.5m additional series-A funding in Trutap
The Tudor Group, along with a group of angel investors, has led a $6.5m follow-on round of series-A venture funding in Trutap, provider of social networking services for mobile phones, bringing the total investment in the company to $13m.
UK - Smedvig Capital leads £4m investment in new drinks brand
Smedvig Capital has led an investment of ТЃ4m in new drinks brand SUSO Drinks Ltd.
UK - Risk Capital Partners acquires UK subsidiary of Borders Group
Risk Capital Partners has purchased national book retailers Borders and Books etc., UK subsidiaries of Borders Group, in a deal worth up to ТЃ20m.
SPAIN - Doughty Hanson and Co acquires 50% of residential developer
Doughty Hanson and Co, one of the largest European real estate fund managers, has acquired a 50% stake in Grupo Immobiliario Aranco, a family owned residential developer.
UK - RBS to sell train leasing business
Royal Bank of Scotland has hired Lazard to consider options for Angel Trains, the train leasing business it acquired in 1997 for ТЃ408m. The news comes at a time when train leasing companies are being investigated by the Competition Commission. Should...