Deals
GERMANY - High-Tech Gründerfonds and DuMont Venture invest in livedome
High-Tech Gründerfonds and DuMont Venture, have, together with a private investor, invested in online streaming company livedome GmbH.
SWEDEN - Silex raises SEK 150m from Priveq et al
Priveq Investments and Northzone Ventures have, together with existing investor CapMan, subscribed to a capital increase worth SEK 150m of Silex Systems, a manufacturer of micro-electromechanical systems (MEMS).
BELGIUM - 3i backs EUR 728m buyout of Labco
A consortium of investors led by 3i backed a EUR 728m buyout of medical diagnostics business Labco.
SWEDEN - Valedo acquires BTI
Valedo Partners Fund I AB has acquired Broadcast Text International (BTI), a subtitling company, from ProSiebenSat.1 for an undisclosed sum.
UK - More private equity interest in Paragon
Reports suggest that struggling buy-to-let mortgage lender Paragon could become the subject of a private equity bidding war after Blackstone's interest in the company was made public yesterday, with the group confirming that it had received an approach...
UK - Hellman & Friedman to take SSP Holdings private
Hellman & Friedman and IT systems provider SSP Holdings Plc have signed an agreement to take the company private in a deal that values the company at approximately £198m, based on an offer price of 190 pence per share.
SMEs predict tough times ahead
Private equity professionals remain more optimistic about the state of the economy than the owners of the SMEs they are likely to target
FRANCE - Partners buyout Partech International
Partech has announced the management buyout of its European subsidiary Partech International Partners. The deal was led by managing partners Philippe Collombel and Jean-Marc Patouillaud, and was supported by the firms investors, including CIC, 123Venture,...
UK - Phoenix acquires Expotel and NIS
Phoenix Equity Partners has completed the duel acquisitions of hotel booking agencies Expotel Hotel Reservations and NIS Europe for an undisclosed sum.
GERMANY - AURELIUS acquires Berentzen Group
Industrial holding AURELIUS has acquired 75.1% of beverage company Berentzen-Gruppe AG from the family owners, and will make a mandatory takeover offer for the remaining shares.
DENMARK/UK – Lion Capital acquires FoodVest from CapVest
Lion Capital has agreed to acquire FoodVest Group, a frozen food manufacturer, from funds advised by CapVest Limited for an undisclosed sum.
GERMANY - NORD Holding backs MBO of Schoeller-Electronics GmbH
NORD Holding Unternehmensbeteiligungsgesellschaft mbH has acquired the Wetter plant from the Ruwel Group as part of an MBO, for an undisclosed amount. Going forward the plant will once again operate under the name used at the end of the 90s; ‘Schoeller-Electronics...
UK - AFM backs buyout of Merseyside Metalworks
Alliance Fund Managers (AFM), through the MSIF Mezzanine Fund, has provided a £300,000 mezzanine loan to support the buyout of Merseyside Metalworks Ltd, a manufacturer and installer of specialist ductwork.
FRANCE - Turenne Capital invests EUR 2.75m in Climadiff
Turenne Capital has invested EUR 2.75m in wine cellar business Climadiff, with EUR 628,000 coming from its Turenne Investissement fund and the balance being provided a number of other funds under its management.
UK - Paragon and Blackstone in talks
Buy-to-let mortgage lender Paragon is reportedly in talks with Blackstone Group regarding a possible buyout of the struggling buy-to-let lender.
CEE - EK Fin acquires 34% of Papcel
EK Mittelstandsfinanzierungs AG (EK Fin) has acquired 34% of Czech mechanical engineering company Papcel for an undisclosed amount. The CEO and son of the owning family retains the balance of the shares.
SWITZERLAND - Capvis to acquire KVT from Kloeckner for EUR 325m
Capvis has agreed to acquire industrial supplier Koenig Verbindungstechnik from steel and metals distributor Kloeckner & Co for EUR 325m.
FRANCE - Distressed Belvédère a private equity target?
According to reports an undisclosed company and private equity buyout house are in talks regarding a debt for equity swap in Belvédère, an alcoholic drinks manufacturer.
UK - Finance Wales backs Vista buyout
Finance Wales has backed the buyout of Vista Support Services Group Ltd from its parent DigiPos Store Solutions Group.
DENMARK - 3i acquires 45% stake in Soya Concepts
3i has acquired a 45% stake in Soya Concepts, a Danish women’s clothing company, for an undisclosed sum.
UK - Avista invests USD 100m into Hansa Hydrocarbons
Avista Capital Partners has invested USD 100m into energy exploration company Hansa Hydrocarbons.
SWEDEN – Ratos completes SEK 4.3bn sale of Hägglunds Drives
Ratos has agreed to sell engineering business Hägglunds Drives to Bosch Rexroth for approximately SEK 4.3bn, which will give the investor an overall exit gain of about SEK 4.4bn following the SEK 1bn recapitalisation completed in 2006. The sale is subject...
GERMANY - LPR Capital acquires OLIGO Lichttechnik
LRP Capital has acquired lighting company OLIGO Lichttechnik for an undisclosed sum.
GERMANY - Granville Baird backs MBO of Meier Vakuumtechnik
Granville Baird has acquired majority stake in Meier Vakuumtechnik GmbH, a provider of equipment for photovoltaic solar cells, as part of a management buy-out.