Deals

FRANCE - CAPE backs MBI of Ocean

LCL Régions Développement, a fund managed by Crédit Agricole Private Equity (CAPE), has acquired a minority interest in Ocean on the occasion of the buyout of the company by two incoming entrepreneurs.

UK - Finance South West backs DT Media

YFM-managed Finance South West has invested a substantial sum in software company DT Media. DT Media has just won a major contract to supply the German Air Force with military training software to reduce the risk of тfriendly fireт. Finance South West...

UK - Sovereign continues Kinetics buy-and-build

Sovereign Capital-owned social housing services company Kinetics Group has acquired TA Horn Holdings, taking group revenues to ТЃ80m. The deal represents the third acquisition as part of Sovereign's buy-and-build strategy for Kinetics Group. TA Horn is...

SPAIN - Codere plans IPO, but will consider options

Gambling business Codere has finally decided to approve its flotation, forecast to happen in the next few weeks. However, the company is said to be in talks with a group of private equity firms and will consider to remain private instead. Another option...

FRANCE - Siparex leads investment in OneDirect

The fund Siparex Midcap and the fund SES Iberian I, which is co-managed by the Siparex and Portugal's Espírito Santo group, have invested more than EUR 3m for a minority ownership interest in OneDirect, a telephone hardware distributor.

SPAIN - Nmás1 and Dinamia holding high hopes for HIgh Tech IPO

Rumour has it that Nmás1 and Dinamia have hired Credit Suisse to prepare the flotation of hotel chain High Tech. The IPO will probably see the listing of a 60% shareholding (a stake equal to the company's portion owned by the GPs) and will aim to raise...

SPAIN - Corpfin Capital acquires tour operator Catai

Private equity firm Corpfin Capital has completed the acquisition of a 50% stake in travel business Catai Viajes. The remainder will be held by the family Torres, the founder of the group, and the current management team.

AUSTRIA - Mid Europa in EUR 1.4bn One mobile deal

Mid Europa Partners has teamed up with France Telecom/Orange to acquire One GmbH, the third largest mobile operator in Austria, in a EUR 1.4bn deal. This transaction is expected to close within the next three months. It is the second largest buyout in...

NORWAY/SWITZERLAND - ReVolt Technology raises EUR 10m

ReVolt Technology AS, a developer of rechargeable Zinc-air batteries, has raised €10 million in second-round funding. Backers include Northzone Ventures, Sinvent, Sofinnova Partners, TVM Capital, Verdane Capital and Viking Ventures. Revolt Technologies...

UK - Rutland portfolio company divests division

Rutland Partners portfolio company Wolstenholme Group Ltd is to sell the business and certain assets its metallic effect pigment and metallic printing ink business (the Metallics Business) to Eckart GmbH and Co KG for ТЃ22m. The sale is conditional on...

UK - Boots deal one step closer to completion

The first delisting of a FTSE 100 company is one step closer to completion today after the trustees of the Alliance Boots pension fund struck a deal with KKR. The ТЃ11.1bn buyout is on track to complete on 28th June 2007 with KKR pledging to inject ТЃ418m...

ITALY - Sicurglobal auction to finalise in July

Market sources speculate that the competitive process for security business Sicurglobal should end in the second week of July. It is understood that private equity firms Stirling Square Capital Partners, Cognetas, 21 Investimenti and Synergo - all owners...

GERMANY - Halder exits BHS Getriebe GmbH

Halder has sold turbo gears manufacturer BHS Getriebe GmbH to Voith Turbo, a group division on Voith AG. The transaction value has not been disclosed. This divestment represents the fourth transaction published by Halder within the last six weeks, following...