Deals
CZECH REPUBLIC - Warburg Pincus acquires NetCentrum
Warburg Pincus has acquired NetCentrum, the second largest internet company in the Czech Republic. The co-founders are retaining a minority stake, and the shareholders will reinvest part of the transaction proceeds in the company.
CEE - Providence invests EUR 136m in Volia Cable
Providence Equity Partners has invested over EUR 136m in Volia Cable in the largest private equity transaction in Ukraine. Volia Cable was controlled by UGF III, a SigmaBleyzer-managed private equity fund, which still retains an undisclosed equity stake...
FRANCE - Sigefi backs restructuring of Adequat
Sigefi Private Equity, the management company of the Siparex Group, has backed the restructuring of Adequat group, a provider of temporary employment services.
ITALY – Arca Impresa transfers control of Cemp to Indian company
Arca Impressa has transferred 100% of its stake in Cemp to ABG Engineering & Constructions in a deal based on the EUR 27m company value. The company is backed by Indian GP Tano Capital.
UK - Warburg Pincus sells LMG for £368m
Warburg Pincus has sold LMG, the owner and operator of the Nectar programme, to Aeroplan for a total consideration of £368m. Toronto Stock Exchange-listed Aeroplan is a leading loyalty marketing agency in Canada.
SWEDEN - Ratos and 3i complete refinancing of DIAB
Ratos and 3i have completed a refinancing of DIAB for SEK 1bn, of which Ratos will receive SEK 500m. The company’s strong performance in recent years enabled the refinancing, which gives the company a more efficient capital structure.
DENMARK - Axcel acquires home furniture group
Axcel has acquired 60% of IDEmøbler, a Danish home furnishing chain, and IDdesign, an international chain of franchise home furnishing stores. The management retains the remaining 40%. The deal will comprise 32 of IDEmøbler’s 39 stores in Denmark....
FRANCE - CAPE backs MBO of Groupe Pommier
Crédit Agricole Private Equity (CAPE) has completed the management buyout of industrial machinery business Groupe Pommier.
SPAIN – MCH backs weapons manufacturer
Private equity group MCH has invested in Spanish weapons manufacturer Industrias El Gamo, in a deal valued at approximately EUR 70m.
UK - Emap auction nears final stages
Apax Partners is understood to be the front-runner in the race to acquire Emap's B2B publishing division. Apax's offer includes financing from Guardian Media Group. Apax owns a substantial minority stake in Auto Trader publisher Trader Media Group, which...
ITALY/UK– Investindustrial acquires English perfume maker
Morris Profumi, an Investindustrial portfolio company, has acquired Atkinsons in a deal that would put the company’s 2007 turnover at around EUR 100m.
UK - CBPE sells Fishers to BOSIF for £40m
Close Brothers Private Equity (CBPE) has sold linen service business Fisher Holdings for £40m to its management. The Fisher management team is being supported by Bank of Scotland Integrated Finance. CBPE achieved a money multiple of 2.9x on its original...
UK - Gresham backs expansion of financial services training provider
Gresham Private Equity has backed the management buyout of 7city Group Ltd (7city). Debt facilities were provided by Royal Bank of Scotland.
SPAIN - GED closes debut deal with second fund
GED Sur, managed by Spanish firm GED, has acquired a 60% stake in aesthetic clinic chain Cellulem Block for EUR 9m. This is the first deal to be completed by GED Sur.
GERMANY – eCapital funds expansion of Pyramid
eCapital entrepreneurial Partners has invested in Pyramid Computer GmbH as a lead investor. The Münster-based company develops, produces, and distributes server and IT infrastructure solutions. The funding will be used to advance the company’s distribution...
ITALY - Cape closes second deal in lighting sector
Cape Natixis has acquired a 65% shareholding in lighting business Norlight alongside the business co-founder, who is re-investing in return for a 35% stake .
UK - LGV sells South Lakeland Group for £125m
LGV Capital has sold South Lakeland Group, the holiday park operator, to White Ocean Leisure for £125m. South Lakeland operates nine high quality timber lodge and caravan holiday parks situated in the Lake District and Morecambe Bay regions. Fallbarrow...
FRANCE - Eras receives backing from Siparex
Siparex has backed the owner buyout of Eras, a design and project management company focused on industrial installations.
FRANCE - Iris Capital injects EUR 4m in Oodrive
Venture capital firm Iris Capital has invested EUR 4m in Oodrive, a French software vendor, focused on remote backup, online file sharing and collaboration solutions.
RUSSIA - Quadriga Capital Russia portfolio company Akella sells studio
Akella , a portfolio company of Quadriga Capital Russia and Intel Capital , has sold its “Sea Dog” in-house development studio to Prague-based 1C Publishing. The acquired team has worked on Xbox games including Sea Dogs, Pirates of the Caribbean...
NETHERLANDS - Candover to acquire Stork for EUR 1.5bn
Candover has finally reached a consensus with Stork shareholders on an updated EUR 1.5bn offer. Candover had withdrawn its initial offer in September after the agreement of LME holdings, which raised its stake to more than 43%, could not be secured....
ITALY – Mariella Burani's shares rise due to private equity interest
Italian fashion group Mariella Burani has reportedly been approached by Doughty Hanson, with a EUR 26 per share offer.
FRANCE - Innovacom backs Mobile Devices
Innovacom has invested EUR 3.1m in hardware and software developer Mobile Devices. The new capital will be used to support the continuous development of the company’s technology and the establishment of an international sales network.
GERMANY – Palamon acquires stake in Dress-for-Less
Palamon Capital Partners has invested an undisclosed sum in Dress-for-Less, Europe’s largest online designer fashion outlet. The company was founded in 1999, and is based in Floersheim. Dress-for-Less operates online shops for fashion brands as well...