Deals
FRANCE - Argos Soditic acquires Orgasynth subsidiaries
Argos Soditic has completed the management buy-in of all of the five fine chemical and dye subsidiaries of industrial group Orgasynth.
FRANCE/ITALY - Truffle Capital takes GoAdv public
Truffle Capital has simultaneously led a capital increase and public listing of web-based media company GoAdv, in a deal which values the company at EUR 34m.
UK - NVM recoups 3x investment from Ithaca exit
NVM Private Equity has sold Ithaca Business Media in a ТЃ14.25m trade sale to United Business Media Plcтs UK-based business information division, CMP Information. The deal realised a return of 3x NVM's original investment, with an IRR of over 60% achieved...
UK - Matrix invests further £3.7m in Blaze to support acquisition
Matrix Private Equity Partners has supported existing investee company Blaze Signs Holdings in financing its acquisition of a complementary business, Active Sign Maintenance from its founders. Matrix Private Equity Partners has invested a further ТЃ3.7m....
IRELAND - Trinity Venture Capital et al. exit Havok
Trinity Venture Capital and other investors ICC Venture Capital and Iona have realised their investments in Havok, an Irish Gaming Middleware company. The business has been acquired by Intel for an undisclosed sum.
UK - Sovereign Capital portfolio company acquires Orient Gold
Sovereign Capital-backed STL, a vocational training provider, has acquired Orient Gold, a national provider of apprenticeship and adult learning. The value of the deal has not been disclosed. The new combined group has over 240 employees and over 3000...
RUSSIA - Mint Capital invests in Russian chocolate sweets brand Fruzhe
Mint Capital has signed a $9m direct equity investment agreement with Naturalnye Produkty (Natural Products), the Russian manufacturer of chocolate sweets under the Fruzhe brand. The investment will be used to improve the company's marketing, sales and...
LATVIA - Blackstone leads $575m management buyout of Lattelecom
The Blackstone Group has invested $178m (Lt 90m), as part of a $575m management buyout and privatisation of Latvian telecom company Lattelecom. The sellers are the Latvian government (51%) and TeliaSonera (49%), the Swedish telecom operator. At the completion...
ITALY - Sofipa makes 40% IRR on Teckal sale
Italian mid-market house Sofipa has sold energy services provider Teckal to Manutencoop Facility Management. The enterprise value of the exit is EUR 88m, with an implied equity value of EUR 61m. The IRR on the investment is approximately 40% with a cash...
UK - Kaupthing sees 67% IRR from Costcutter exit
Kaupthing has sold Costcutter to transport and shipping group Biddy Line recouping 2x its investment on its 18 month holding period. The exit represented an IRR of 67%. Costcutter's growth has been driven by new franchise agreements and strong sector...
FRANCE - RFID specialist Tagsys receives $16m second tranche
RFID infrastructure business Tagsys has received the second tranche of its $35m series C funding round.
UK - Foresight completes £2.8m MBI of Heritage House
Foresight Venture partners has completed the ТЃ2.8m management buy-in of Heritage House Media. Foresight led the financing, investing ТЃ1.4m through its funds Foresight VCT II and Foresight VCT III, and was joined by IBIS Media VCT and Calculus Capital,...
FRANCE - Turnaround fund Contrarian Capital invests in Eugene Perma
US-headquartered Contrarian Capital has invested EUR 20m in troubled hair products business Eugene Perma.
FRANCE - European Capital announces Soflog-Telis deal
As exclusively reported in Unquote News on 16 July, European Capital has invested in industrial logistics business Soflog-Telis, alongside existing investor 3i.
FRANCE - CIC LBO Partners backs buyout of Emeraude
CIC LBO Partners has won a Lincoln-run auction to acquire chemical company Emeraude.
GERMANY – BWK acquires stake in BKtel-Group
BWK GmbH Unternehmensbeteiligungsgesellschaft has acquired a 49% stake in optical systems provider BKtel for an undisclosed amount.
SWITZERLAND – AFINUM buys Pinova AG
AFINUM Management GmbH has wholly acquired Pinova AG from its founders for an undisclosed amount. The institution made the investment through its fund AFINUM Fünfte Beteiligungsgesellschaft mbH & Co KG.
FRANCE - Iris Capital exits Vox Mobili
Iris Capital and other investors have sold Vox Mobili to OnMobile. Vox Mobili, a software solutions provider specialising in personal mobile data management, was set up in 2000 with financing led by Iris Capital and including several other European venture...
UK - Octopus acquires Smollensky's restaurant group
Octopus Private Equity has supported the acquisition of London restaurant group Smollenskyтs. Octopus has committed ТЃ6m alongside senior debt from Alliance & Leicester to support the acquisition. Octopus is backing restaurateur Paul Lilley, whose past...
FINLAND - Finnish Industry Investment and Karolinska supports BioCis Pharma with EUR 1.5m
Finnish Industry Investment and Karolinska Development III AB, an affiliated company of Karolinska Holding AB, have invested EUR 1.5m in BioCis Pharma, a therapy company. The investment round will be used to fuel the speed of product development and begin...
FRANCE - CDC and Banexi Ventures invest additional EUR 5m in Kewego
CDC Entreprises, investing on behalf of government initiative France Investissement, and first-round backer Banexi Ventures Partners (BVP) have invested EUR 5m in online corporate video specialist Kewego.
FRANCE - Elaia Partners invests EUR 1m in climate risk management business
Elaia Partners has invested EUR 1m of series-A funding in climate risk managment company Climpact.
UK - BOSIF backs SBO of M&H Plastics from CCMP Capital
Bank of Scotland Integrated Finance has backed the secondary management buyout of Maynard & Harris Plastics (M&H) from CCMP Capital. CCMP completed the deal on behalf of JP Morgan Partners, CCMP having spunout of JP Morgan Partners in August 2006. The...
SPAIN - Kennet Partners makes first investment from new fund
Kennet Partners has led a EUR 7m series-A funding round for European Telemedicine Clinic (TMC), a teleradiology service provider. The deal represents Kennet's first investment from its new fund, Kennet III LP, and provides an exit for previous investors...