Deals
NORWAY - Cubera sells Marratech to Google
Cubera Secondary has sold Marratech to Google for an undisclosed sum, but the IRR is claimed to be "very satisfactory". Marratech is one of the 11 companies that Cubera has had in their portfolio since acquiring the Aumar portfolio form Sjätte AP Fonden....
FRANCE - Turenne backs online lottery business Mediastay
Turenne Capital Partenaires has invested in the owner buyout of Mediastay via its listed fund Turenne Investissement and its FIP Hexagone Croissance I.
NORWAY - HitecVision aquires 49% of Sørco
HitecVision Private Equity has agreed to acquire 49% of the Sørco Group, a major provider of systems and services to the Norwegian and international oil and gas industry. HitecVision Private Equity specialises in investing in growth companies in the oil...
FINLAND - CapMan exits Synerco
CapMan has exited from Synerco, the Swedish provider of integrated facility, security and office services. Capman will sell its stake to Service Management company Addici Holding AB, supported by its major private equity investor Argan Capital.
IRELAND - Edgestone Capital Partners leads extra $5m funding round for RedMere
Edgestone Capital Partners has led a $5m top-up funding round for fabless semiconductor company RedMere Technology. Existing investor Celtic House Venture also participated in the round which brings the amount invested in under six months to $13.5m.
SPAIN/PORTUGAL- Private equity crowd hits the audiovisual arena
The Iberian audiovisual sector has experienced a noteworthy level of private equity activity this week.
UK - Advent Venture backs new home moving web services
Advent Venture Partners and seed investors, The Accelerator Group, have provided new home moving web service Moveme.com with early-stage funding. Moveme.com is a online service which will enable millions of people moving home to save significant time;...
UK - FF&P Private Equity backs MBO of insurance broker
FF&P Private Equity has backed the management buyout of RFIB Group Ltd, the international Lloyd's insurance and reinsurance broker from its retired shareholders. The value of the transaction, which is subject to regulatory and other approvals, was not...
UK - Creative Capital Fund backs performance company with EUR 2.53m
The Creative Capital Fund has led a EUR 2.53m fund-raising for The Creative Experience Company Ltd. The investment was led by Leisure and Media VCT Plc, which is managed by North Atlantic Value LLP, part of the J O Hambro Capital Management Group. The...
UK - Boots bidding war on
A bidding war has broken out for Alliance Boots, the FTSE 100 retail and pharmaceutical group. After KKR upped its offer for Alliance Boots to ТЃ10.90 per share in an attempt to see off a rival ТЃ10.85 per share bid from Terra Firma, Terra Firma trumpted...
FRANCE - EdRIP backs BestofMedia with hybrid deal
Edmond de Rothschild Investment Partners (EdRIP) invested EUR 2m in equity in an a-typical acquisition financing deal, allowing online IT publisher BestofMedia to Tom’s Hardware Guide.
UK - Macquarie strengthens grip on UK communications sector with £1.9bn Airwave purchase
Macquarie is to acquire Airwave, the telecom network used by UK emergency services, from O2 in a ТЃ1.9bn deal. O2 is a subsidiary of Spanish telecom group Telefonica. The purchase by Macquarie was made through its Macquarie European Infrastructure Fund...
UK - General Atlantic to float Xchanging valuing it at £500m
General Atlantic is to float portfolio company Xchanging, an outsourcing and processing portfolio company. The IPO is expected to value the group at approximately ТЃ500m with an indicative share price range of 210-240p per share. It is understood that...
UK - Octopus backs novelty confectionary business with £5m of expansion capital
Octopus Investments has backed Sweet Cred Ltd, a branded childrenтs novelty confectionery business, with ТЃ5m expansion capital financing. Octopus was introduced to the deal by Acanthus, a London-based corporate finance firm. Based in Sidcup, Kent, Sweet...
AUSTRIA - capiton exits Trenkwalder Personaldienste
caption AG has sold its stake in temporary staffing company Trenkwalder Personaldienste AG to the Trenkwalder Private Foundation. The transaction value has not been disclosed. caption had acquired a minority stake in Trenkwalder at the beginning of 2003....
UK - Brightstation Ventures backs internet fashion network with £1m
Brightstation Ventures has provided Osoyou.com, an internet-based fashion social network start-up with ТЃ1m of funding. The website is due to launch this summer and will compete with the likes of Conde Nast's stylefinder.com.
GERMANY - GANYMED receives EUR 33.7m financing
GANYMED Pharmaceuticals AG has closed an EUR 33.7m series C financing round led by Venture Incubator Partners. Other investors committing to this round are Future Capital, Ingro Finanz, LVVW, MIG, Nextech, ONC Partners, Varuma and a consortium of Swiss...
UK - Aberdeen zooms in on CCTV investment
Aberdeen Asset Managers Growth Capital has backed the BIMBO of Camwatch Ltd, a CCTV monitoring company. Aberdeen and the management team provided equity funding as part of a ТЃ6.8m investment package involving debt supplied by Barclays and Royal Bank...
UK - TVM Capital leads EUR 15.26m round for Azea Networks
TVM Capital has led the EUR 15.26m series-D funding round for Azea Networks, a submarine optical network solution specialist. Previous investors Accel Partners and Atlas Venture also participated in the round.
SPAIN - Pan-European houses to race for Codere
The deadline for offers for the 49.9% stake of Codere is tomorrow. Reportedly, pretty much every pan-European house based in Spain has demonstrated interest in the gambling business. Permira, Apax, Texas Pacific Group, Carlyle and BC Partners are all...
NL - Permira-owned Nutrilux acquires Provimi from CVC and PAI Partners
Following the announcement in January that Permira was to acquire animal feed producer Provimi from CVC Capital Partners and PAI Partners, clearance has now been received.
NL - CVC and AlpInvest exit entire shareholding in Wavin
Wavin, a provider of plastic pipe systems and solutions, has announced that CVC and AlpInvest have sold their entire shareholding in the company in a block trade to ABN AMRO Rothschild and Fortis Bank. The transaction represents approximately 45.65%...
NL - Doughty Hanson to acquire Norit from Gilde Buy Out Partners
Doughty Hanson has announced that it is likely to reach a final agreement with Gilde Buy Out Partners regarding the sale of Norit. Gilde currently owns a 70% stake in the firm and is understood to have acquired the firm in 2003 for around EUR 150m. No...
NL - Cordys completes EUR 60m equity financing round
Cordys Holding BV, a provider of industry-leading business process management suite (BPMS) enterprise software, has announced the successful completion of a $ 80m (cEUR 60m) financing round. Argonaut Private Equity led the round with an investment of...