Deals
SWITZERLAND - Consortium acquires TechnoMarine
A consortium led by Cobepa and Crédit Agricole Suisse has acquired Swiss luxury watch manufacturer TechnoMarine for an undisclosed amount. 123Venture also invested as well as the management team consisting of Jean-Claude Yana and Gilbert Ohayon.
SWEDEN - CapMan invests in healthcare provider Nacka Närsjukhus Proxima
Funds managed by CapMan will, together with management, acquire Swedish Nacka Närsjukhus Proxima AB, a private healthcare provider offering specialised healthcare in the greater Stockholm area.
FINLAND - CapMan exits from Medianorth
Funds managed by CapMan have sold their holding in media house Medianorth Group Oy to Avaus Consulting Oy.
FRANCE - Coronis Systems sold to Elster Group
Coronis systems, a developer of ultra-low-power wireless solutions headquartered in Montpellier has been acquired by metering company Elster Group, providing an exit for Banexi Ventures and AXA Private Equity.
GERMANY - 3i exits Wendt Holding GmbH
3i has sold German grinding machines and tools manufacturer Wendt Holding GmbH to Swiss Winterthur Technologie AG. The transaction value is said to be approximately EUR 100m. 3i backed the management buyout of Wendt in March 2005, acquiring the company...
FRANCE - Argos Soditic leads MBO of FBH
Mid-market private equity firm Argos Soditic has backed the management buyout of Financiere Harlé Bickford, a real-estate-owning diversified family conglomerate in the field of pyrotechnics and radiocommunications.
AUSTRIA – Darby commits EUR 20m to DDSG Cargo buyout
Darby Converging Europe Mezzanine Fund has committed EUR 20m to a EUR 100m leveraged buyout of river transportation company DDSG Cargo Group by East Point Holdings, a Serbian-controlled conglomerate.
SWITZERLAND – PregLem raises CHF 32m
Sofinnova Partners together with NeoMed Management and MVM LifeScience Partners has co-led a CHF 32m series-A financing round in biopharmaceutical company PregLem.
GERMANY – Bain Capital buys yacht manufacturer
Bain Capital has acquired Bavaria Yachtbau GmbH from the founding families Herrmann and Meltl for an undisclosed amount.
GERMANY – Terra Firma sells 50% of Tank & Rast
Terra Firma has sold 50% of German motorway service operator Tank & Rast to RREEF, the global alternative investment management business of Deutsche Bank’s Asset Management division. The transaction value has not been disclosed. The financial investors...
UK - Duke Street and Europa in £260m buyout of Channel Islands group
Duke Street Capital and Europa Capital have made a recommended offer for Jersey-based company C.I. Traders Ltd. The proposal values the business at approximately ТЃ260m and includes funds provided by Uberior Co-Investments Ltd, a Bank of Scotland-owned...
UK - Balderton Capital backs online debt management start-up
Balderton Capital has provided Wonga, a start-up online service for same day personal debt management, with $6m of early-stage funding. The investment will be used to accelerate platform and product development, with the goal of establishing Wonga as...
FRANCE - Alyotech receives backing from Iris and CDC Entreprises
Iris Capital and CDC Entreprises have committed up to EUR 10m for technology consultancy group Alyotech.
CEE - Mid Europa Partners completes first ever leveraged buyout in Serbia
Mid Europa Partners has acquired a controlling stake in Serbia Broadband (SBB) from SEEF I fund, managed by Bedminster Capital Management. The deal represented the first leveraged buyout in Serbia.
SPAIN - Banesto Enisa Sepi Desarrollo invests in Global Events ID
Madrid-based private equity firm Banesto Enisa Sepi Desarrollo has acquired 25% of event organiser Global Events ID Corporation.
UK - Dunedin backs £16m MBO of Fernau Avionics
Dunedin has backed the ТЃ16m management buyout of navigational equipment manufacturer Fernau Avionics from Canadian-based Glendale International Corp. Dunedin invested ТЃ8m in return for a majority stake in the newco.
SWITZERLAND - Capvis exits ETAVIS
Capvis has sold the ETAVIS Group to the French Vinci Group for an undisclosed amount. The strategic buyer is acquiring a 95% stake in ETAVIS, while the management retains a 5% holding.
UK - 3i set to profit further from NCP Services exit
Three months after selling the car park arm of NCP, 3i is to see further realisations from the divestment of NCP Services. Macquarie Infrastructure acquired NCP Car Parks in March 2007 in a ТЃ790m transaction generating returns of 3x for 3i. 3i is now...
UK - Exponent portfolio company Trainline makes £18.7m acquisition
Exponent Private Equity portfolio company Trainline, an online retailer of train tickets, has acquired Advanced Smartcard Technologies Plc (AST). The public-to-private deal values the share capital of AST at ТЃ18.7m. AST was founded in 2000 and listed...
NL - Alta Partners leads EUR 15m round for biotechnology company
Alta Partners has led a EUR 15m funding round for Groningen-based Kiadis Pharma B.V. Existing investors also participated in the deal, amongst those was Esprit Capital Partners, investing a further EUR 0.5m from the Esprit-run Prelude Trust Plc.
BULGARIA - GED acquires FAMA
Spanish private equity management company GED has acquired Bulgarian dairy company FAMA. The transaction value has not been disclosed. GED has is to incorporate a new management team including Julio Muñoz, the former general manager of the Spanish dairy...
FRANCE - Bluekiwi Software receives EUR 4m from Sofinnova Partners
Sofinnova Partners has invested EUR 4m in Blukiwi Software, a developer of collaborative software solutions for corporate environments.
GERMANY - BayBG backs Via Optronics
BayBG has invested EUR 500,000 in LCD display manufacturer VIA Optronics. Part of the amount invested is carried out in the form of a 'stille Beteiligung'. The funding will be used to expand the company's production facilities and grow internationally....
UK - Oxford Capital Partners provides waste-to-energy project with £2.5m
Oxford Capital Partners has provided Inetec Ltd with a follow-on funding round worth ТЃ2.5m. Inetec is a developer of waste-to-renewable-energy projects in the industrial food manufacturing sector. Existing investors Finance Wales and other new investors...