Deals
BALTIC - Otaris Eko Fonds invests EUR 300,000 in Livonia Print
JSC Eko Investors venture capital fund Otaris Eko Funds has acquired 35% of LLC Livonia Print for EUR 300,000. The investment will be used to establish the most modern book printing house in Latvia that will service customers in the Baltics, Scandinavia...
FINLAND - MB Funds sells Inspecta to 3i
MB Funds has sold its holding in Inspecta to 3i. MB Funds has held the majority of the shares in the company since 2002. Over the last five years Inspecta has grown its revenues from EUR 18m to EUR 106m. The number of employees has also grown from 256...
GERMANY - Barclays Private Equity sells TUJA for EUR 800m
Barclays Private Equity has sold temporary employment agency TUJA Group to Adecco for EUR 800m. The financial investor acquired TUJA in March 2006 from Odewald & Cie and pursued an aggressive expansion strategy, acquiring six companies within and outside...
NORWAY/SWITZERLAND - Northzone Ventures and TVM in EUR 10m round for ReVolt
Existing investors Northzone Ventures, Sinvent, Sofinnova Partners, TVM Capital, Verdane Capital and Viking Ventures have participated in a EUR 10m funding round for ReVolt Technology. The latest commitment brings total funding for ReVolt, a developer...
UK - Cinven beats CVC, Terra Firma and BC Partners to BUPA
Cinven has won the battle for BUPA's 26-strong hospital division. The deal weighed in at ТЃ1.44m. Cinven beat off competition from a number of other private equity players with sources citing both the price it was prepared to pay as well as its other...
UK - Cerberus acquires Focus for £225m
Cerberus has acquired struggling DIY chain Focus. Unable to reach a debt restructuring agreement with its creditors, Focus has been the subject of negotiation since earlier this year. The sale of the company to US hedge fund Cerberus represents an exit...
SWEDEN - Industrifonden leads consortium of investors in a $5.6m round in Movimento
Industrifonden has participated in a $5.6m funding round for Movimento, a desiger and manufacturer of tools for the automotive and transportation industry. Industrifonden itself has invested $2.8m in this round alongside a $2.8m commitment from existing...
UK - Graphite sees 4.2x return on exit from Go Plant
Graphite has generated returns of 4.2x its investment in Go Plant through a sale of the business to Easternrange, a private investment vehicle. Go Plant operates a fleet of over 1,000 specialist vehicles including road sweepers, refuse vehicles and gully...
UK - RJD backs £50m BIMBO of TransLinc
RJD Partners has led a fundraising transaction worth ТЃ50m for the purchase of specialist fleet outsourcing business TransLinc. The deal structure is a buy-in management buy out. TransLinc was originally formed within Lincolnshire County Council. It became...
UK - Seraphim Capital provides Flirtomatic with £2m series-B round
Seraphim Capital has led a ТЃ2m series-B funding round for Handmade Mobile Entertainment Ltd, the company behind Flirtomatic, a cross-platform flirting service. Seraphim Capital is a government-backed Enterprise Capital Fund which closed its first fund...
DENMARK - Investcorp acquires Icopal for EUR 850m
Investcorp has signed an agreement to acquire Icopal, a manufacturer and provider of roofing products and installation services, for EUR 850m on a debt-free basis. Icopal will be acquired from a consortium comprising Axcel, Denmark's largest private equity...
SWEDEN - Industrifonden invests SEK 9m in Accedo Broadband
Industrifonden, together with management and existing owners, have annouced that they will invest SEK 9m in Accedo Broadband, a distributor and developer of IPTV. The investment will be used to fuel product development and sales distribution in Europe,...
SWEDEN - CapMan, SEB Venture Capital and Aloe Private Equity acquires KMW Energi AB
CapMan, SEB Venture Capital and Aloe Private Equty have acquired 80% of KMW Energi's shares. KMW is a biofuel company based in Norrtälje. The 80% ownership will be split eaqually between the investors, and the current owners will hold the remaining 20%...
NORWAY - HTV, Input/Output and Reservoir form joint venture
Hydro Technology Ventures (HTV) has formed a joint venture with Input/Output (I/O) and Resevoir Innovation, to deploy, pilot test and commercialise a full-wave seismic system for permanent monitoring of offshore reservoirs.
SWEDEN - 3i and Litorina make 9x on divestment of Q-Matic to Altor
3i, Litorina Kapital and the founding family has agreed to sell their shares in Q-matic, a queue management and customer flow management solution company, to Altor. The investors make a 9x money multiple on the exit.
FRANCE - Marathon sale attracts De Agostini and Apax
In the sale of television producer Marathon, vendor Bridgepoint has received firm offers from De Agostini and Apax Partners, according to reports in the French press.
FRANCE - Astorg backs secondary buyout of Webhelp
Astorg Partners is set to acquire a majority stake in CRM specialist Webhelp. Vendor Barclays Private Equity will retain a minority interest in the business, while management is increasing its stake.
UK - Balderton Capital wholly aquires Codemasters
Balderton Capital, formerly known as Benchmark Capital Europe, has acquired the remaining stake held by the founders of Codemasters, an independent videogame developer and publisher.
UK - IMAC makes a further £3m investment in Digital Rights Group
Ingenious Media Active Capital Limited (IMAC) has made a further ТЃ3m investment in Digital Rights Group Limited (DRG). In December 2006, IMAC made an initial investment of ТЃ3m in the company.
UK - LDC invests a further £15million in Commercial First
Mid-market private equity firm LDC has increased its stake in specialist commercial mortgage lender Commercial First. The transaction follows LDCтs initial investment in August 2006, taking its total investment to ТЃ42million.
FRANCE - IPO spins-off Ceradel
IPO, the listed subsidiary of CM-CIC, has piloted the carve-out of ceramic and glass art equipment provider Ceradel from parent company Imerys.
BELGIUM - Transics IPO more than 10x oversubscribed
Carlyle-backed Transics, a provider of on-board computers and fleet management solutions for the transport and logistics sector, has offered 2,628,571 shares on Eurolist by Euronext Brussels, priced at €17.50 per share.
UK - MMC invests £2m in online lead-generation business
MMC Ventures has made an equity investment of ТЃ2 million in Clash-Media, an online lead generation business based in London.
UK - 3i sells HSS to Aurigo and Och-Ziff
3i has announced the sale of UK tool hire company HSS to Aurigo and Och-Ziff for ТЃ310m, generating a multiple of 4x for the investor. 3i acquired HSS in 2004 and during its ownership of the asset re-structured its business model. Hawkpoint Partners...