Deals
TURKEY – KSCC buys into Fon Financial Leasing
Kuwait-based Global Investment House KSCC has acquired a 60% stake in listed leasing and factoring company Fon Financial Leasing (FFK) for $120m form Turkey's Yýldýz Holding, which retains a 27.38% stake.
HUNGARY - Vienna Capital Partners increase stake in FHB
Austrian venture capital company Vienna Capital Partners Group is buying a further 9.5% of Hungarian bank FHB from HSBC. VCP already holds a 9.85% stake (6.5 million shares) in FHB purchased in March 2007 for approximately EUR 48m. HSBC, a transaction...
GERMANY - Doughty Hanson sells Moeller Group for EUR 1.55bn
Doughty Hanson has sold Moeller Group to Eaton Corporation for EUR 1.55bn. The sale is expected to close in the first quarter of 2008. Moeller is a global supplier of systems and components for energy distribution and automatisation for industrial, infrastructure,...
UK - HgCapital and Montagu gain access to Biffa's books
HgCapital and Montagu have been granted access to Biffa to conduct due diligence after raising their offer by 20p per share. The revised 350p per share offer values the share capital of waste disposal company Biffa at £1.23bn.
CEE - KBC acquires Hungarian toy wholesaler and retailer
KBC Private Equity has acquired Gulliver and Star-Toys from the Kovács and Kovalcsik families. Gulliver Group is a Hungary-based toy wholesaler and, under its Bambini-brand, toy retailer. The company distributes international toy brands to the Hungarian...
DENMARK - Santaris Pharma secures EUR 20.4m series-C round
Gilde Healthcare Partners has joined existing shareholders, the board of directors and management in a EUR 20.4m series-C round of funding for Santaris Pharma, a Danish pharmaceutical company. New investor Gilde contributed EUR 7.5m while the remaining...
GERMANY - HgCapital acquires Casa Reha from Advent International
HgCapital has acquired the Casa Reha Group from Advent International and its management for an undisclosed sum. Both Advent International and the management retain a stake in the company going forward. Casa Reha runs retirement homes and is based in...
GERMANY - AVIDA Group acquires rest of Lenscare
AVIDA Group has increased its shareholding in Kiel-based Lenscare AG, a supplier of contact lenses and care products, to 100%. The financial details of the deal have not been disclosed. AVIDA Group already held a major share of Lenscare since March 2007...
ITALY – Capitalia Sofipa acquires additional 3% of ink company Kiian
Capitalia Sofipa has acquired an additional 3% shareholding in ink company Kiian in a deal valued at approximately EUR 450,000.
DENMARK - Via Venture partners leads EUR 5m round for Zoomio
Via Venture Partners has led a EUR 5m funding round for Zoomio, a Danish multi-channel marketing software company. The financial injection will finance international expansion and strengthen the software development team.
GERMANY - DZ Equity Partner takes stake in Melvo
DZ Equity Partner has acquired a stake in German Melvo GmbH. Melvo, previously a subsidiary of shoe manufacturer Salamander AG, went through a management buyout in early 2004. The company produces footwear and leather care products and footwear accessories...
UK - First Reserve secures agreement on £906m Abbot take-private
First Reserve Corporation has reached an agreement with the board of Abbot Group Plc to acquire the oil services group from the London Stock Exchange in a £906m deal. Specialist US-based energy investor First Reserve has offered 390p per share for Aberdeen-based...
GERMANY - CFC has acquired delmod international
CFC Industriebeteiligungen GmbH & Co. KGaA has acquired 84.8 % of delmod international Bekleidungsindustrie GmbH & Co. Hanse-Kleidung KG for an undisclosed amount. Delmod is a textile manufacturer and local fashion company in Germany, and distributes...
UK - Baird Capital Partners Europe invests £12m in ESS Steels
Baird Capital Partners Europe has invested £12m in ESS Steels Holdings Ltd, a manufacturer of engineered components for the oil industry. Alongside funds managed by Baird Capital Partners Europe, Yorkshire Bank provided facilities of £35m to support...
UK - YFM backs £6m buy-in of healthcare provider
YFM Private Equity has backed the £6m management buy-in of domiciliary care business Able Care. The deal was funded by investment from four funds managed by YFM Group – The Chandos Fund, North West Business Investment Scheme, The British Smaller Companies...
SPAIN – Nazca capital accelerates growth of Acens’ portfolio
Nazca-backed ICT firm Acens has acquired internet company Hostalia bringing in 20,000 new clients and raising Acens' number of clients to 50,000.
NORWAY - Verdane reaps returns of 15x from Aqua Gen exit
Verdane Capital, together with Norwegian Seafood Federation (FHL), Biomar AS and Eidsfjord Sjøfarm AS, has sold 50.2% of Aqua Gen, the Trondheim-based salmon breeding company. The company has been acquired by Erich Wesjohann Group GmbH, a German poultry...
ITALY- Strategia Italia invests in recreational park
Strategia Italia has taken a 33% stake in the park Laghi Baite Land in a deal valued at EUR 9m.
FRANCE - Auriga Partners leads EUR 8.2m investment in TCLand Expression
Auriga Partners has lead a EUR 8.2m funding round for TCLand Expression, a Nantes-based biotechnology company. Genzyme Ventures, Beviguen, Debiopharm and Quest for Growth also participated in the financing for the business alongside management.
UK - Matrix invests £3m to support MBO of environmental technology company
Matrix Private Equity Partners has invested £3m to finance the management buyout of Monsal Ltd, a specialist environmental technology company providing solutions for the water and waste sectors. Matrix Private Equity is taking a significant minority...
SPAIN – Landon Investments acquires Sedal in EUR 35m deal
Landon Investments has acquired ceramic plumbing fixtures company Sedal from Espiga Capital and Baring Private Equity Partners (BPEP) for EUR 35m.
UK - Cognetas sells Global Solutions for £355m
Cognetas has sold Global Solutions (GSL) for £355m to London-listed G4S. The sale, subject to EU merger clearance and South African competition commission clearance, is expected to complete in 2008. Cognetas backed the management buyout of GSL in 2004...
FINLAND - CapMan floats Savcor
Savcor Group Ltd, a business supported by mezzanine supplied by a CapMan-managed fund, has floated on the Australian Stock Exchange. The issue of 39% of the shares raised approximately AUS $111m for the Finland-based surface coating and protection technology...
FRANCE - Crédit Agricole Nord-Est cedes control of Tattinger Champagne
Crédit Agricole Nord-Est has cut its shareholding in Tattinger Champagne from 100% to 36% and a 20% vote in a partial exit from the company. The Taittinger family re-acquired 41% of the company and 47% of the vote. Crédit Agricole Nord-Est had bought...