Deals
UK - Candover-led consortium makes £1.6bn bid for Expro
A consortium of investors led by Candover also comprising Goldman Sachs Capital Partners and AlpInvest has made a £1.6bn offer for listed oil-field services provider Expro. The offer values each share at 1,435 pence, a premium of 54.9 per cent to the...
GERMANY - Blackstone divests its 25% stake in Gerresheimer
Blackstone has sold its 25% stake in Gerresheimer AG, a manufacturer of specialty products made of glass and plastic for the pharma & life science industry.
SWEDEN - SEB and Industrifonden back dental company
SEB Venture Capital and Industrifonden have backed Biomain, a Helsingborg-based dental company for an undisclosed value.
UK - Matrix backs buyout of Plastic Surgeon Fine Finishers
Matrix Private Equity has invested £2m to support the management buyout of Plastic Surgeon Fine Finishers, a provider of cosmetic surface repair services to the construction and housing industry. Matrix has acquired a 30% stake.
GERMANY - JC Flowers leads Hypo investment
A private equity consortium led by JC Flowers is poised to take a 24.9% stake in property finance group Hypo Real Estate (HRE).
UK - Risk Capital portfolio company acquires SignPost Solutions
Risk Capital Partners' portfolio company APT Controls Group has acquired manufacturer of traffic signposts SignPost Solutions Ltd (SPS).
UK - Piper invests in The Rug Company
Piper Private Equity has acquired a minority stake in rug designer and producer The Rug Company for an undisclosed sum.
UK - Elderstreet exits UM Holdings
Elderstreet has exited UM Holdings, the owner of U Mole, a provider of trenchless installation equipment to the utility market. VP Plc, a equipment rental specialist, has acquired the company.
SPAIN – 3i acquires minority stake in Unión Radio
3i has acquired a significant minority stake in Hispanic radio operator Unión Radio. The deal was carried out via a private placement and capital increase with an initial investment of EUR 125m, out of total commitment of EUR 225m.
GERMANY/AUSTRIA - Waterland Private Equity acquires Windrose
Waterland Private Equity has acquired a majority stake in Windrose Fernreisen Touristik GmbH, a travel agency for high-end adventure and luxury travel. The current Windrose management team remains unchanged.
SPAIN – Grupo Zriser backs renewable energy player
Grupo Zriser has acquired a 5.38% stake in photovoltaic cell manufacturer Siliken in a deal valued at EUR 65m.
RUSSIA – East Capital to buy 20% of FIA Bank for EUR 15.5m
East Capital has agreed to acquire a 20% stake in FIA, a Russian bank operating in Samara, a region in the south west of the country, for EUR 15.5m.
UK - Private equity interest in Infineum
Private equity bidders have shown strong interest in Infineum, the oil additives venture run by Exxon Mobil and Royal Dutch Shell. It has been reported that a deal could value the company at as much as £1.5bn.
SPAIN – Riverstone joins bid for energy player CLH
According to reports US-based Riverstone has joined the bidding for Enbridge's 25% stake in pipeline network managing firm CLH, which has been valued at EUR 900m. Citibank is running the auction.
GERMANY - Apax acquires D+S Europe
Apax has made an offer for SDax-listed e-commerce service provider D+S Europe. Apax is reported to have offered EUR 13 per share, with the offer supported by the company's management.
BALTICS - ASI injects further capital in social networking site for pets
Ambient Sound Investments (ASI) has injected a further $235,000 in social networking sites for pet owners, www.unitedcats.com and www.uniteddogs.com. The investment round will be used to expand the reach of the site. The round gives the investor a further...
UK - Drug developer gets $10m from US investor
Heritage Pharma, a UK-based generic drug developer, has raised $10m in series A funding from Oklahoma venture capital firm McClendon Venture Company.
FRANCE – CAPE invests EUR 3m in Splendia
Crédit Agricole Private Equity has invested EUR 3m in Splendia in a second round of financing alongside historic investor Alven Capital. The company has collected EUR 5m in investments since 2006.
UK - Sovereign acquires Paragon Education in £15m deal
Sovereign Capial has acquired Paragon Education and Skills Ltd, a provider of government-funded training in the South and Southwest of England in a £15m deal.
UK - NorthStar invests £500,000 in Profile Analysis
NorthStar Equity Investors (NSEI) has participated in a £1m funding round into Profile Analysis Ltd, a holding company for Rocket Science and i-snapshot, which provide web based sales management tools.
UK - Modus takes stake in Perspective Financial Group
Modus Private Equity has taken a 40% stake in Perspective Finanical Group (PFG), a newly formed holding company established to acquire independent financial advisers, in a £11.6m deal. A debt package, including mezzanine, was provided by Lloyds TSB Corporate...
UK - YFM invests £300,000 in CMS SupaTrak
YFM managed South West Ventures Fund has invested £300,000 in CMS SupaTrak, a company that offers vehicle tracking and mobile workforce solutions. The company first received support from the fund in 2005 and has since grown significantly.
GERMANY – Arques sells Jahnel-Kestermann for more than EUR 20m
Arques Industries AG has sold gear manufacturer Jahnel-Kestermann to South Korean strategic investor PSM Inc for a sum between EUR 20m and EUR 21m.
SWEDEN - Accent Equity creates new packaging company
Accent Equity 2008 has backed the MBO of a new packaging company to be named Flextrus for an undisclosed value. The business has been acquired from Australian group, Amcor Flexibilities, which has owned the company unit since 2001.