Deals
GERMANY - 3i acquires EDS
3i announced it has agreed to back a management buyout of Passau-headquartered Euro-Druckservice AG from Verlagsgruppe Passau GmbH. The transaction value has not been disclosed.
GERMANY - EUR 6m financing round for inge AG
inge AG has received a EUR 6m round of financing from a consortium including previous investors Siemens Venture Capital and Emerald Technology Ventures. Additionally, first-time investors the Belgian Stonefund VN and the Dutch Entrepreneurs Fund also...
GERMANY - Steadfast Capital buys Kautex Maschinenbau
Steadfast Capital has wholly acquired German blow molding machines manufacturer Kautex Maschinenbau in a management buyout from Adcuram AG. The value of the transaction has not been disclosed.
UK - IQ Capital participates in £1m funding for Short Fuze
IQ Capital Fund, an early-stage fund launched in December 2006, has made its first investment co-leading a ТЃ1m funding round with CREATE Partners for electronic game design company Short Fuze. Short Fuze will use the new capital to accelerate the commercial...
UK - LDC portfolio company Ellis Fairbank makes acquisition
LDC porfolio recruitment company Ellis Fairbank has acquired a London-based executive search and selection firm in a move which will increase its annual net revenue by ТЃ3m and provide a strong foothold in new sectors. The deal, which was part-funded...
UK - Whitbread shares jump on private equity rumours
Shares in leisure group Whitbread rose by 11% in one day yesterday amid speculation that a private equity group is on the brink of launching a bid for the name behind the Premier Travel Inn, David Lloyd leisure, Beefeater pubs and Costa Coffee brands....
FRANCE - Rexel launches EUR 1.015bn IPO
Private equity-backed electrical equipment distributor Rexel has submitted details of its planned IPO to the French financial market authorities.
BELGIUM - Waterland takes a stake in Indicator
Waterland Private Equity Investments has announced that it has supported the management buyout of Indicator, a publisher of professional newsletters and books aimed at small and medium-sized companies and self-employed entrepreneurs. No financial details...
SWEDEN - Amadeus joins $12m funding in Transmode
Amadeus Capital Partners has contributed to the $12m F round financing in Transmode Holding AB, a Stockholm-based supplier of optical networking equipment for metro Ethernet networks.
UK - Carlyle to delist retail outlet developer
Carlyle has made a recommended offer for retail outlet developer Freeport. The London Stock Exchange-listed company is valued at ТЃ155.3m and has been recommended by the board and agreed by a group of shareholders who between them own a 49% stake in the...
ITALY - Argan and Merrill Lynch considering N&W flotation
Press reports suggest that Argan Capital and Merrill Lynch are considering the IPO of its vending machine interest N&W Global Vending this year.
SPAIN - Mercapital to join Doughty Hanson in competition for Continental Auto
Reports in the Spanish press suggest that Mercapital has joined forces with Doughty Hanson to bid for Continental Auto, the bus division of local infrastructure and services group Actividades de Construccion y Servicios (ACS). The company is said to be...
UK - TA Associates acquires Jupiter
TA Associates has completed its largest deal in Europe by far with the ТЃ740m acquisition of asset management company Jupiter from Commerzbank. Previously, TA's largest European deal was the ТЃ100m buyout of DriveAssist UK in 2004, which it recently sold...
GERMANY - Equita acquires Stromag group
Equita Management GmbH has acquired the Stromag Group in a management buyout for an undisclosed amount. This represents the fifth investment for the Equita Fonds 3 that closed in November 2005.
FRANCE - Weinberg pilots secondary buyout of Via Location
Weinberg Capital Partners has taken a majority stake of truck rental business Via Location. The deal means an exit for Edmond de Rothschild Capital Partners (ERCP).
FRANCE - MBO Partenaires invests in dried fruit distributor
French mid-cap private equity firm MBO Partenaires has backed the buyout of Daco, a distributor of dried fruits.
CEE – Royalton generates 3.6x money multiple on sale of Ella Bank
Dedicated Central and Eastern European investor Royalton Capital Investors has sold its entire stake in Ella Bank to generate a return of 3.6x money invested and an IRR of 39%. The Hungarian retail bank was sold by Royalton and EDHI to AXA Holdings Belgium....
SWITZERLAND - LSP and BiomedInvest lead EUR 7.2m financing round
In a first round of funding, Life Sciences Partners III, BiomedInvest AG and Novartis Venture Fund have invested EUR 7.2m in Okairos AG. The financing will enable the company to demonstrate proof of concept of its adenovirus-based technology in several...
UK - Exponent backs buyout of marine services provider V.Holdings
Exponent Private Equity has supported the management buyout of V.Holdings, a marine services provider and international provider of energy outsourcing solutions. Close Brothers Private Equity, an investor since 2003, has reinvested some of the proceeds...
GERMANY - HgCapital invests in German Biogas
HgCapital has invested more than EUR 50m in German company Aufwind Schmack GmbH Neue Energien. The financing will allow Aufwind Schmack to accelerate its project development activities and finance its biogas and wind project construction and operation....
UK - Gresham's recommended offer for ICM in the balance
Gresham's recommended offer for business availability provider ICM Computer Group is facing competition from trade rival Phoenix. Gresham won a Close Brothers-run auction to lead the mangement buyout of the listed company last Friday since when Phoenix...
UK - Bain and Apollo to be Sainsbury's second suitors?
It is reported that Bain Capital and Apollo Management are to team up to launch a rival bid for Sainsbury's.
UK - Duke Street acquires Burton's Foods from HM Capital
Duke Street Capital has acquired Burton's Foods from HM Capital. Duke Street saw off competition from the likes of 3i and Legal and General Ventures to win the ТЃ287m-turnover company in an estimated ТЃ210m deal. HM Capital had held Burton's since 2000...
FRANCE - Consortium wins Saur exclusivity
A syndicate led by state-backed CDC and including industrial company Séché Environnement and AXA Investment Managers (AXA IM) has won exclusivity in an auction for water business Saur. According to reports in the French press, the price obtained by vendor...