Deals
FRANCE – Avenir Enterprises accompanies MBI of Pageard Maronneau
Avenir Enterprises completed an MBI of Pageard Maronneau with two exterior managers. The deal saw the founders’ son who privately held Pageards Maronneau exit his stake in the company while Avenir took 36% and the external managers took 64% of the shares.
UK - SPARK Ventures leads seed round for mydeco.com
SPARK Ventures has led the financing of mydeco.com in what is reported to be one of the largest internet seed rounds in Europe. SPARK is the lead and largest investor in mydeco.com, an interior design website developed by the team behind lastminute.com,...
UK - LGV sells Classic Hospitals Group to Cinven-backed Spire for £145m
LGV Capital has agreed to sell Classic Hospitals Group, the UK’s sixth largest private acute hospital operator, to Spire Healthcare (formerly BUPA Hospitals), which is controlled by funds managed by Cinven, for £145m. Classic Hospitals owns and operates...
UK - BOSIF acquires Verna Group from LGV
Bank of Scotland Integrated Finance (BOSIF) has backed the secondary management buyout of healthcare manufacturing business Verna Group Holdings Ltd from LGV. The value of the deal is undisclosed. BOSIF takes a minority stake in the newco. Bolton-based...
FRANCE – Platina Finance exits two windfarm companies
Platina Finance Limited has announced the exit of its Mistral Windfarm I fund from Mistral en Beauce and Ferme Eolienne La Remise des Bruyeres. The two companies which own windfarms and generate 36mw between them were acquired by Poweo and Dutch Infrastructure...
GERMANY – Ventizz invests EUR 48m in Ersol Thin Film GmbH
Ventizz has acquired a minority stake in German solar cell maker Ersol's thin film unit for EUR 48m. Ventizz Capital Fund III LP has bought a stake of nearly 50% in Ersol Thin Film GmbH through a cash capital increase. In addition to this, Ventizz will...
ITALY - Morgan Stanley acquires 16% stake in Agorà Investimenti
Morgan Stanley Infrastructure and Finanziaria Internazionale have signed an agreement to acquire a 16.4% stake in Agorà Investimenti.
FRANCE - Turenne Capital leads EUR 6.2m LBO of Dedienne Santé
Turenne Capital has led the EUR 6.2m LBO of Dedienne Santé via funds under its management and Turenne Investssement, the latter investing EUR 2.95m. The deal saw Turenne purchase a majority share of the medical equipment company ahead of Banques Populaire...
GERMANY – Virgin Green Fund leads EUR 61m series-B in Odersun
Virgin Group-baked Virgin Green Fund has led a series-B financing round for Odersun AG, a company which designs and manufactures flexible solar products using a proprietary thin-film technology. Further investors included Doughty Hanson Technology Ventures,...
FRANCE - Tiempo completes EUR 1.1m first round financing
In a first round of financing Emertec Gestion and Schneder Electric Ventures have invested EUR 1.1m in Tiempo.
FRANCE – Barclays Private Equity back EUR 60m buyout of Martek Power
Barclays Private Equity (BPE) has backed the management buyout of Martek Power. The deal sees BPE invest alongside the founder and management to take a 60% stake in the business. Non-executive family members exit their shares in the company at this time,...
SPAIN - N+1 closes third fund on EUR 500m
N+1 has closed its third vehicle with subscriptions worth EUR 500m after only a four month fundraising period.
DENMARK - Polaris acquires Tøjeksperten for DKK 900m
Polaris Private Equity has acquired Tøjeksperten, a Danish mens clothing retailer for DKK 900m.
FINLAND - EQT sells Finn-Power Oy to Prima Industries S.p.a
EQT III has sold Finn-Power Oy, a Finnish supplier of flexible and automated sheet metal working machines and manufacturing systems, for an enterprise value of EUR 170m to Prima Industries S.p.a in Italy.
BELGIUM - KBC and Defiac acquire Dark
KBC Private Equity and Defiac have acquired Dark, a Belgian lighting manufacturer.
GERMANY – Investcorp renews interest in former portfolio company Utimaco
Investcorp Technology Partners has become former portfolio company Utimaco’s anchor investor with an approximately 25% shareholding in the business. The company’s current market capitalisation of Utimaco values Investcorp Technology Partners’ stake...
GERMANY - Argantis acquires majority of W.I.S. in MBO
Argantis has, together with the management, acquired the majority of the shares of W.I.S. Holding GmbH & Co. KG for an undisclosed sum. The former shareholders retain an interest in the company.
GERMANY - BWK GmbH acquires 40% stake in Betec Electronic
BWK GmbH Unternehmensbeteiligungsgesellschaft, Stuttgart (BWKU), a subsidiary of Landesbank Baden-Württemberg (LBBW), Wüstenrot & Württembergische-Gruppe and Landeskreditbank Baden-Württemberg – Förderbank has acquired 40% of Betec Electronic GmbH...
ITALY - BCC Private Equity backs energy player
BCC Private Equity has acquried a minority stake in energy player Energy Recuperator.
UK - Apax, Cinven, CVC and Permira circle M&B
Pub operator Mitchells & Butlers (M&B) is being circled by large private equity players following the group's announcement of a strategic review earlier this week. Apax, Cinven, CVC, Permira and Texas Pacific Group have all been named as potential suitors...
ITALY - Intesa Sanpaolo acquires Centroplast
Intesa Sanpaolo has led the acquisition of packaging company Centroplast in a management buyout deal.
FRANCE - Alpha Associés Conseil invests EUR 15m in Babilou
Alpha Associés Conseil invested EUR 15m in Babilou in return for around a third of the equity while the management retains around two thirds. Babilou had a turnover of EUR 9m in 2007 and predicts an increase to EUR 18m in 2008.
FRANCE – Rothschild Capital Partners takes majority stake in NextPool
In a propriety LBO deal, Edmond de Rothschild Capital Partners took a majority stake in swimming pool equipment manufacturer NextPool Group alongside CEO, Régis Roux and members of the board of directors who also become shareholders. The deal sees investors...
FRANCE – Alpha Associés Conseil acquire around 70% of the Frial Group
In a deal worth over EUR 50m, Alpha Associés Conseil acquired around 70% of the Frial Group from the two founding families via The Alpha Private Equity Funds 5 (APEF5). The management has invested alongside taking their stake in newco Glacies Holding...