Deals
SPAIN - Ibersuizas sells 5% stake in construction group
Ibersuizas has sold its 5.5% participation in Fomento de Construcciones y Contratas (FCC) in a deal valued at EUR 381.5m.
UK - BOSIF backs Charterhouse Print Management
Bank of Scotland Integrated Finance has acquired a 20% stake in marketing print management company Charterhouse Print Management. BOSIF's combined debt and equity investment enhances the equity participation of the senior management team and facilitates...
UK - Eden Ventures et al. sell Apertio to Nokia for EUR 140m
Seven venture backers have realised their investments in communications infrastructure company Apertio through a sale of the business to Nokia Siemens Networks. The deal values Apertio at EUR 140m and is expected to close in the first quarter of 2008....
GERMANY – BAVARIA Idustriekapital buys Elcoteq
BAVARIA Industriekapital AG has acquired Elcoteq Communications Technology GmbH, based in Offenburg, for an undisclosed sum. Finnish Elcoteq Group, a supplier of electronic goods, has divested the business due to its changed role in Elcoteq’s global...
UK - ISIS sees 3.7x from sale of RLA Group
ISIS Equity Partners has sold marketing agency RLA Group to The Mission Marketing Group Plc generating a multiple of 3.7x on its investment. The £20m deal is structured with an initial consideration of £9.5m, and a further £11.5m payable depending...
UK - Balderton invests in mobile betting service
Balderton Capital (formerly Benchmark Capital Europe) has provided start-up betNOW with a first round of funding. Mobile betting service betNOW will use the new capital to launch the service in the UK and accelerate product development, with the goal...
UK - Apax buys 19.4% stake in Emap in attempt to secure B2B deal
Apax Partners, together with co-investor Guardian Media Group, has acquired a 19.4% stake in London-listed publisher Emap. The stake-building by the Apax-led consortium follows the recommendation of its £1.26bn offer to acquire Emap's B2B division. Apax...
UK - BPE acquires Gardman Holdings for £85m
Barclays Private Equity has acquired a majority stake in Gardman Holdings Ltd, a supplier of wild bird care and garden products. The deal values the business at £85m. The corporate finance team at Deloitte in Nottingham initiated and introduced BPE to...
UK - YFM provides Mirifice with further £410,000
The South West Ventures Fund, managed by YFM Group, has provided Mirifice Ltd with further investment totalling £410,000. Bath-based Digital TV and Broadcast software and consulting company Mirifice has developed MirimonTM, a unique monitoring solution...
SPAIN - Monitor Capital acquires another food sector player
Monitor Capital has acquired a majority stake in Vino Tinto Franchising in a deal valued at over EUR 4m.
NL - Main Capital acquires Dutch VoIP provider Zetacom
Main Capital Partners fund Main Capital II has wholly acquired Zetacom in a management buyout. Parcom Ventures has sold its stake in the company.
FRANCE - Carlyle acquires 35% of Numericable and Completel
The Carlyle Group has acquired a 35% stake in Numericable and Completel from Cinven. Cinven retained 35% while Altice has 30%.
SWITZERLAND - Invision and Vinci take majority stake in RSD
Invision Private Equity AG and Vinci Capital SA have together acquired a majority stake in software company RSD SA, based in Geneva. This is apart of a succession plan. Founder and CEO of the company, Louis-Pierre Roger, remains a stakeholder. RSD SA...
SWITZERLAND – Argos Soditic realizes 14x return from sale of Maillefer
Argos Soditic has sold its portfolio company Maillefer in a secondary buyout to Alpha Group, realising a 14x return on the exit. The company was acquired in 2001 in a management buyout and spun off from Nokia subsidiary Nextrom. Maillefer is a producer...
ITALY – Cognetas amd Investitori Associati to acquire Gruppo Argentas
Cognetas amd Investitori Associati has acquired Gruppo Argentas. The deal is set to complete in 2008.
UK - KKR completes £593m take-private of Northgate
Kohlberg Kravis Roberts (KKR) has agreed to purchase listed IT solutions provider Northgate Information Solutions in a deal which values the company at approximately £593m.
FRANCE - Carlyle Group and Cinven take 70% stake in Numericable and Completel
The Carlyle Group and Cinven have acquired cable operators Numericable and Completel. The private equity houses have each taken a 35% stake. Cinven portfolio company Altice, a French cable operator, has acquired a 30% stake.
SPAIN – Dinamia and N+1 invest EUR 55m in hotel chain
Dinamia Capital Privado and N+1Private equity have invested EUR 55m for a 52% stake in hotel chain High Tech Hoteles & Resorts.
SWITZERLAND - Invision Private Equity and Vinci Capital acquire RSD
Invision Private Equity AG and Vinci Capital SA have acquired software company RSD SA. Founder and CEO, Louis-Pierre Roger, has retained a stake.
FRANCE - Demeter Partners in secondary LBO of FCT Group.
Demeter Partners has acquired Controlab and Testwell, known collectively as FCT Group, from Paluel Marmont Bank and FCPR Montparnasse Investissement III, a fund managed by UIGestion.
FRANCE – SG Capital supports buyout of Questel
SG Capital Europe has led the management buyout of intellectual property advisory business Questal for an undisclosed sum. Questal's services cover patents, trademarks and industrial design, databases, search and monitoring services, workflow solutions...
ITALY – JC Flowers leads EUR 140m buyout of Euromobiliare SIM
JC Flowers has lead the management buyout of Euromobiliare SIM. Mid Industry Capital also participated in the deal which is reported to weigh in at EUR 140m. JC Flowers will control 50.1% of the company, with management owning a 40% stake.
ROMANIA – GED invests in travel and leisure company.
Through GED Eastern II Fund, Spanish buyout house GED has acquired Romanian corporate travel agency Happy Tour.