Deals

UK - Virgin Active to float next year

Health and fitness group Virgin Active is due to float next year. Bridgepoint and Permira are both minority shareholders in Virgin Active, the UK's second-largest chain of gyms, following Virgin's acquisition of Holmes Place. Bridgepoint and Permira together...

UK - One Equity submits full bid for Jaguar and Land Rover

One Equity, the private equity arm of JP Morgan, is understood to be one of three groups to have submitted a full bid for Jaguar and Land Rover. Ford decided to sell its UK assets - Jaguar and Land Rover - as part of a move to reduce its debt. Ripplewood,...

ITALY - Consilium acquires valve manufacturer

Shortly after completing its fundraising, SME-focused firm Consilium has acquired Douglas Chero Group, a manufacturer of forged valves for the petrochemical industry. The deal represents an exit for the founding family shareholders.

GERMANY - ADCURAM Group AG buys Hennecke Group from Bayer

ADCURAM Group AG has purchased polyurethane processing machinery business Hennecke GmbH from Bayer for an undisclosed sum. The transaction is due to complete before the end of the year. With this transaction, ADCURAM further strengthens its manufacturing...

UK - Endless acquires Lancashire Chemical Works

Endless has acquired Lancashire Chemical Works Ltd (LCW), for an undisclosed sum, in a management buy-in deal led by Richard Sykes. The transaction represents an exit for the family shareholders. Incoming managing director Sykes had been looking at the...

UK - Sovereign reaps 5.7x return from Complete sale

Sovereign Capital has wholly exited its stake in homecare services provider Complete Group in a £33m trade sale to Claimer Care Group Plc, generating returns of 5.7x the money invested and an IRR of 51%.

SPAIN - Crystax to close second financing round

Biotech business Crystax, backed by Najeti Capital, Invertec and Barcelona Emprèn, is understood to be in advanced stages of its second financing round to further its research into the development of anti-cancerous pharmaceuticals that act on DNA.

SPAIN - SGECR invests EUR 2.23m in industrial player

Sociedad Gestión de Capital Riesgo del País Vasco (SGECR), the private equity agency of the Basque Country, has invested EUR 2.23m in industrial group Metalúrgica Santa Engracia (Metagra).The investment was made via SGECR's fund Suztapen.

UK - Matrix backs £6m buyout of Focus Pharmaceuticals

Matrix Private Equity Partners has financed the £6m management buyout of Focus Pharmaceuticals. The deal was structured using an integrated debt and equity package. Matrix invested £3.2m and acquired a minority stake in the business.

UK - SEGF leads £1.6m investment in Anaxsys

The South East Growth Fund (SEGF), a venture capital fund managed by West Midlands Enterprise Litd, has led a £1.6m investment in Anaxsys Technology Ltd, a medical device company focussed on the treatment of asthma.

SWEDEN - Segulah sells Callenberg Group

Segulah has sold Callenberg Group, a Swedish marine engineering company, to Norwegian Wilhelmsen Maritime Services Group, which is a part of Wilh. Wilhelmsen, an international maritime industrial group. The financial terms have not been disclosed.

UK - NVM realises 2.9x from divestment of KCS

NVM Private Equity has sold its stake in payroll software business KCS Global Holdings Ltd realising returns of 2.9x and an IRR of over 50% per annum on its two year investment. KCS was acquired by Sage, the management software provider, for £20m.

AUSTRIA – Gamma invests in startup Fatfoogoo

Austrian startup Fatfoogoo has raised an undisclosed sum of Series-A funding in a round led by Gamma Capital Partners, along with existing seed investors marchsixteen LLC (Toto Wolff), Azzurro Investment (Christian Lutz), and Michael Krammer (new CEO...

UK - Catapult exits Transvisual Media

Catapult Venture Managers has wholly exited its stake in security system software and hardware company Transvisual Media Ltd (TVM) in a trade sale to Soncell Ltd, a manufacturing subsidiary of Bowmer and Kirkland Ltd, for an undisclosed sum.