Deals
GERMANY - Baird Capital sells Hahl
Baird Capital Partners Europe has announced the sale of Munderkingen-based Hal to Lenzing Plastics GmbH for an undisclosed amount. The financial investor had acquired Hahl in a management buyout in April 2003 from its US-based parent company.
GERMANY - Baird Capital acquires Zarges Tubesca
Baird Capital Partners Europe has acquired the Zarges Tubesca Group from funds advised by Taros Capital for a total consideration of EUR 156m. Baird intends to grow the company, together with the incumbent management team, organically and through further...
FRANCE - Iwedia raises additional EUR 4m
Software developer Iwedia has raised an additional EUR 4m in its fourth round of funding from its historical investors. CDC Entrprises Innovation, the company’s largest shareholder, was accompanied by I-Source Gestion, iXCore and Thales Corporate Venture....
UK - Imperial Innovations participates in £6m funding round for Circassia
Imperial Innovations Group has invested ТЃ2m in immunotherapy company Circassia Holdings Ltd to develop its allergy vaccine further. The investment in Circassia, is part of a ТЃ6m funding round that included Landsdowne Partners and Tudor Capital and is...
NORWAY - Hydro invests NOK 22m in database technology company
Hydro has invested NOK 22m in Tektonisk and its ShareCat database technology. ShareCat is used by a number of international oil and gas producers to share information between suppliers and subcontractors on the type of equipment used in connection with...
UK - Countrywide shareholders reject 3i bid
3i's ТЃ971m bid for Countrywide has failed to gain the 75% of shareholder votes that it needed to be successful.
SWEDEN - Apax sells Mölnlycke to Investor and Morgan Stanley for EUR 2.85bn
Funds advised by Apax Partners has sold surgical and wound care applications provider Mölnlycke Health Care Group (MHCG) to Investor AB and Morgan Stanley Principal Investment (MSPI) for EUR 2,850m.
GERMANY - Lindsay reduces stake in Klöckner
Following the IPO of Klöckner & Co AG in June 2006, US private equity investor Lindsay Goldberg & Bessemer has sold a further 29% stake in the German steel trader. 13.8 million shares were sold at EUR 33 each, valuing the transaction at EUR 455m. Deutsche...
GERMANY - Fresh funding for Sulfurcell
Sulfurcell Solartechnik GmbH has completed its latest financing round. The funding will be used for product development as well as expansion of the company’s production capacity. New investor Masdar Clean Tech Fund LP, managed by Credit Suisse, New York,...
UK - Electra Private Equity to sell Capital Safety
Electra Private Equity is reported to be putting Capital Safety, the height safety equipment business, up for sale. It is thought the asset will fetch between ТЃ200-250m at auction with Permira and Advent International expected to bid.
UK - Barclays Private Equity sells Phase Eight to Kaupthing consortium
Phase Eight, the womenтs wear retailer, has been sold by Barclays Private Equity, in a deal that values the company at ТЃ51.5m. Phase Eight has been acquired by an investor consortium comprising management, Kaupthing Principal Investments, the Tchenguiz...
UK - New ECF E-Synergy makes first investment
E-Synergy has made its first investment from its recently launched ТЃ30m Sustainable Technology Fund by providing Earthcare Products Ltd with ТЃ325,000. Earthcare is developing and commercialising new natural refrigerants that can enhance energy efficiency...
FRANCE - Ciclad injects EUR 6m in real-estate manager
Ciclad has invested EUR 6m in two tranches in Maisons de Biarritz, a multi-activity real-estate management business.
SPAIN - Nazca buys Acens Technologies alongside management
Nazca Capital has wholly acquired IT outsourcing business Acens Technologies alongside its management. Although the consideration has not been disclosed, the deal is understood to be worth around EUR 40m.
UK - Synergis invests £1.6m in cell encryption technology
Synergis Technologies has committed ТЃ1.6m in Cellcrypt, a company focused on secure voice encryption software for mobile phones and other mobile devices. Established in 2005, Cellcrypt is based in London with offices in California.
UK - NewMedia SPARK backs MarketClusters with $3m funding round
NewMedia SPARK has led a $3m series-A funding round for MarketClusters Ltd, developer of the 'StrategyWire' intelligence platform which enables corporates to accurately filter expert opinions created in blogs and news feeds.
UK - Rutland acquires ATM operator in £45.3m deal
Rutland Partners' portfolio company Notemachine Ltd has acquired TRM (ATM) Ltd, the UK operations of TRM Inc. for ТЃ45.3m. Notemachine, formerly Scott Tod was delisted from AIM by Rutland in September 2006 and TRM is a complementary business involved...
FRANCE - MBO Partenaires acquires 35% of Degetel
MBO Partenaires has backed the management buyout of IT services company Degetel. The private equity firm took a 35% stake, with the balance being retained by management. Banque Palatine led the pool of banks which underwrote the debt package.
FRANCE - AXA Private Equity backs European expansion of rich contents producer
AXA Private Equity has announced it has invested in Brainsonic, a Paris-based rich media contents producer.
CEE - Private equity eyes up Bulgarian telco… again
Private equity firms are reported to be interested in the Bulgarian Telecommunications Company after Novator, the investment vehicle owned by Icelandic billionaire Thor Bjorgolfsson, brought in Lehman Brothers to advise it. Novator acquired a 65% stake...
ITALY - BC Partners joins the competition for Alitalia
Press reports suggest that pan-European firm BC Partners is also interested in troubled airline Alitalia.
UK – The Capital Funds injects £250k into LFH
London growth investor The Capital Fund has invested ТЃ250,000 in LFH Brand Identity, a print and design management agency. The funding will be used to procure new business, as well as to consolidate existing client relationships. The Capital Fund is...
FRANCE - XAnge and Aurinvest pair up to back business search engine developer
XAnge and Aurinvest have injected EUR 4m in software developer Sinequa. XAnge invested three quarters of this series-A funding through XAnge and Capital and two of its FCPI funds.
UK - Ingenious VCTs back Peter Gabriel
Ingenious Media's two music VCTs have made a further joint investment, totalling ТЃ2m, to support the North American release of the next solo album of international artist, Peter Gabriel. The investment will be made through the formation of a joint venture...