Deals
SPAIN – Axón Capital backs Virgin Play with EUR 2.5m
Axón Capital has invested EUR 2.5m in video game developer Virgin Play. The company is also backed by Japanese firm Amuse Entertainment, owner of Japanese listed company AQ Interactive and the private equity fund Spinnaker.
NETHERLANDS - Summit Partners invests in Flow Traders
Summit Partners has acquired a minority stake in Flow Traders, an electronic trading firm.
FRANCE - Avenir takes a 28% stake in Tiger Wok
Avenir Entreprises has taken a 28% shareholding in the Tiger Wok restaurant chain.
GERMANY - CVC acquires Evonik stake for EUR 2.4bn
According to reports, CVC Capital Partners has acquired the 25.1 percent stake in diversified energy concern Evonik for EUR 2.4bn from RAG Stiftung, a deal which values the company at around EUR 9.6bn, far exceeding original expectations.
UK - L Capital et al acquire Princess Yachts
A consortium including Groupe Arnault, LVMH and L Capital has acquired yachting brand Princess Yachts International Plc, with market rumour putting the value of the deal at around £200m.
SPAIN - Sabadell-backed Intermas completes duel acquisitions
Intermas Nets, a plastic mesh manufacturer 20% owned by Aurica XXI, the private equity arm of Banco Sabadell, has completed the acquisitions of Nortène Jardinage France and Nortène Pro, which specialise in meshes for use in the food, gardening and do-it-yourself...
FRANCE - Demeter et al invest EUR 10m in The Le Floch Group
Demeter Partners, Ouest Croissance and CM-CIC have invested EUR 10m in waste management business The Le Floch Group.
SWEDEN - InnovationsKapital backs Syntensia with USD 3.5m
Innkap 4 Fund, managed by InnovationsKapital, has backed Syntensia, a network security company, with USD 3.5m. The deal, in which several private investors also participated, also includes the option for an additional USD 4m to be raised through a share...
SPAIN – Era Biotech looks for new private equity investor
Era Biotech, backed by BCN Emprèn, Invertec (part of Cidem), Galician fund Uninvest, and Reus Capital Riesgo (52.75%), has launched a new round of financing set at EUR 5m seeking to attract a new private equity investor.
SPAIN – Caixa Galicia takes 15% stake in Cafento
Caixa Galicia has taken a 15% holding in coffee retailer Cafento, with the remaining stake being held by the founding owners.
SPAIN – Private equity interest in Seur
According to reports, courier company Seur's shareholders have charged investment bank Arcano with the analysis of purchase offers, with several private equity houses and France's La Poste amongst those that have shown an interest in the business.
GERMANY - eCAPITAL invests in Jedox AG
eCAPITAL has led a round of funding for Jedox AG, a supplier of open source based planning, analysis and reporting solutions, alongside existing investor Klaus Wecken, co-founder and former CEO of the KHK Software AG Frankfurt.
GERMANY - Consortium backs copark GmbH
A consortium of investors, comprising High-Tech Gründerfonds, Bayern Kapital and ASTUTIA Equity Partners, has invested in parking space solutions company copark GmbH.
FINLAND/US - Nexit Ventures leads USD 10m investment into Ekahau
Nexit Ventures has led a USD 10m funding round for Ekahau, a Finnish wireless technology company, together with Finnish Industry Investments, Sampo Group and other private investors.
FRANCE - Weinberg Capital Partners takes majority stake in Groupe Amplitude
Weinberg Capital Partners has acquired a majority stake in hip and knee implant specialist Groupe Amplitude alongside the founders and original investor Initiative & Finance.
UK - LDC portfolio company acquires Millennium Insurance
LDC-backed Direct Group, an provider of outsourcing services to the insurance industry, has acquired Millennium Insurance, a provider of general insurance solutions, for an undisclosed sum.
UK - Lehman Brothers invest in Graphite Resources
Lehman Brothers Private Equity has, alongside management and other investors, completed the buyout of waste management company Graphite Resources, taking a 45.3% stake in the business.
UK - Octopus invests £1.25m in The Key Revolution
Octopus Ventures has invested £1.25m from its Octopus Titan VCTs into authentication and encryption technology company The Key Revolution in return for a substantial stake in the company.
UK - Bestport and Close Ventures exit Grosvenor Health in £19.6m sale
Bestport Ventures and Close Ventures have exited their investment in healthcare provider Grosvenor Health Ltd through a trade sale to service company Serco Group for a total consideration of £19.6m.
GERMANY - HANNOVER Finanz backs OBO of Spectral
HANNOVER Finanz has backed the owner buyout of Spectral Audio Möbel, a provider of tailored solutions for TV and music systems, taking a 40% stake in the company.
GERMANY - Barclays Private Equity backs MBO of Novem Group
Barclays Private Equity has, alongside the management, acquired Novem Group, a manufacturer of car interior design products consisting of CID Car Interior Design Holding GmbH and all subsidiaries, for an undisclosed amount. Barclays Private Equity will...
GERMANY - Ventizz exits ersol Solar Energy for EUR 546.4m
Ventizz Capital Fund II LP, along with its subsidiary Ventizz II Jersey Holding LP, has signed agreements with Robert Bosch GmbH regarding the sale of its holding in ersol Solar Energy AG, amounting to 50.45% of the share capital, for a total consideration...
FRANCE - AtriA divests Rivard
AtriA Capital Partenaires has exited its holding in portfolio company Rivard, a provider of industrial cleaning machines, in a trade sale to Alamo Group Inc.
UK – TPG to acquire 23% of Bradford & Bingley
According to reports, TPG Capital is set to acquire a 23% stake in buy-to-let lender Bradford & Bingley for £179m. Other investors will be putting in £258m, while fees for the rights issue are thought to be around £37m. Bradford and Bingley will therefore...