Deals
UK - KKR and Goldman Sachs to bid for EMI
EMI, the London Stock Exchange-listed music company behind Robbie Williams and Coldplay is reported to have received an approach which may lead to a take-over bid. KKR and Goldman Sachs are believed to be among the potential bidders.
FRANCE – Gilde acquires Groupe Novasep
Gilde Buy Out Partners and Banexi Capital Partenaires have acquired Group Novasep for EUR 425m from Rockwood Holding. The financial investors take a 72% stake with management holding the balance. The transaction is subject to approvals by relevant competition...
UK - MSIF invests £440,000 in interactive voice messaging solutions company
Merseyside Special Investment Fund (MSIF) has invested ТЃ440,000 in Paver Downes Origin, a Liverpool-based interactive voice messaging (IVM) solutions company.
SWEDEN - 3i and SEB Företagsinvest divest stakes in SBL Vaccines in sale to Crucell
3i and SEB Företagsinvest, alongside other shareholders, are divesting their stakes in SBL Vaccines, a Swedish vaccine distributor in a sale to NASDAQ listed Dutch biotechnology company Crucell. The sale price is EUR 39.4m, excluding deferred payments...
UK - Audax Group backs MBO of Nicholl Food Packaging
Audax Group, a Boston based mid-market private equity house, has backed the management buyout of Nicholl Food Packaging from its private shareholders. The transaction was supported by debt facilities arranged by Barclays Leveraged Finance in the Midlands...
UK - Core Capital invests £5m replacement capital in Kelway
Core Capital has completed a ТЃ5m replacement capital investment in Kelway, a fast growing IT hardware and software reseller based in the UK, which focuses on supplying to companies in the SME market. Kelway is one of the UKтs leading resellers of computing...
AUSTRIA – IDENTEC SOLUTIONS raises EUR 10m
SAM Private Equity has led a financing round of EUR 10m in Austrian company IDENTEC SOLUTIONS. Other financial backers included gcp gamma capital partners, Sustainable Performance Group and RFID Invest. The company will use the funding to launch additional...
GERMANY – ubitexx GmbH receives funding
BayBG has invested EUR 400,000 in Munich-based ubitexx GmbH, a specialist company for professional PDA and Smartphone solutions. The funding will be used for software development and expansion of existing distribution channels.
FRANCE - MBO Partenaires invests in real estate intermediary
MBO Partenaires has taken a 40% stake in Le Partenaire Européen, a company which acts as a contact point between buyers and sellers of real-estate.
UK - Gresham exits Individual Restaurant Company Limited
Gresham Private Equity has successfully exited Individual Restaurant Company Limited (IRC) through a sale to Bank Restaurant Group plc (Bank) for a value of up to ТЃ41m.
GERMANY – vertico software raises EUR 2m
FirstVentury Equity GmbH has invested EUR 2m in Karlsruhe-based VoIP manufacturer vertico software GmbH in a first financing round. The funding was made via the venture capitalist’s aeris Technology Fund.
FRANCE - Unither's secondary buyout generates 4.25x money multiple for SG Capital Europe
SG Capital Europe has achieved a money multiple in excess of 4x and an IRR of almost 26% on the sale of dose vials manufacturer Unither to ING Parcom.
GERMANY – GermanCapital buys into ALNO AG
GermanCapital has acquired a minority stake in German kitchen manufacturer, ALNO AG via its bidding company Küchen Holding. The strategic investor acquired its 20.6% stake from Commerzbank AG and has now made a voluntary public takeover bid of EUR 7.20...
UK - Ingenious Music VCTs invest £2.6m
Ingenious Ventures, part of Ingenious Media, the specialist media investment and advisory group, has invested a total of ТЃ2.6m through its two Music VCTs. The money will support debut albums of up-and-coming bands Passenger and Apartment, and solo-artist...
UK – Esprit backs WAYN
Esprit Capital Partners has led a $11m series A round of funding for UK travel and lifestyle social network business Where Are You Now? (WAYN).
SPAIN - Potential SOS Cuetara takeover
According to reports in the Spanish press, shares in rice and oil group SOS Cuetara were up 4.28% this week, making the company a possible target of a hostile takeover bid.
FRANCE - Chevrillon and IDI buy insurer from Barclays PE and AXA
Chevrillon & Associés and IDI have each acquired 40% of insurer Albingia, while management retained a 20% stake. The vendors, Baclays Private Equity (Barclays PE) and insurance group AXA, have sold their entire stake after a Rothschild-run auction which...
FRANCE - OTC AM invests in picture certification software CodaSystem
OTC Asset Management has contributed EUR 1.7m in a EUR 2m second round of funding for digital photography certification company CodaSystem. The additional EUR 300,000 was invested by Cap Décisif, which had already injected EUR 500,000 in 2005.
PORTUGAL - Portugal Telecom's saga continues
Portuguese news reports suggest that telecoms regulatory body Anacom does still not approve the revised recommendations from the antitrust authority on Soneacom's EUR 13.9bn takeover bid for Portugal Telecom.
SWEDEN - Bonesupport secures SEK 135m in funding
The medical technology company Bonesupport AB in Lund, which develops synthetic, injectable ceramic bone substitute, has received SEK 135 million. The new investors include HealthCap and NBGI Venture and the existing owners include Innovationskapital,...
UK - Close Brothers Private Equity backs buyout of Alex Stewart
Close Brothers Private Equity (CBPE) has backed the management buyout of Alex Stewart(Assayers) Ltd, part of the Alex Stewart Group, for an undisclosed sum. The business focuses on providing metals and minerals inspection and testing services. Debt was...
UK - North West Equity and NWBIS invest in SnG Technologies
Cheshire-based technology company SnG Technologies has received total funding of ТЃ250,000 from North West Equity Fund and NWBIS. The deal includes a further potential investment of ТЃ750,000 in aggregate based on progress within the business. SnG Technologies...
GERMANY - HC Starck sells for EUR 1.2bn
Financial investors Advent International and Carlyle Group have acquired H C Starck from German chemicals and pharmaceuticals group Bayer for EUR 1.2bn. Swiss bank UBS ran the limited auction process, which had attracted trade as well as financial buyers....
CZECH REPUBLIC – Consortium announces largest ever Central European buyout
A consortium comprising Abu Dhabi-based Al-Bateen Investment Company, Lehman Brothers Private Equity and Mid Europa Partners has acquired Radiokomunikace and a 39.23% stake in T-Mobile Czech Republic from Altima for EUR 1.2bn. ING Bank NV provided a EUR...