Deals
SPAIN - Highgrowth invests in Solostocks
Fonsinnocat, the closed-end fund managed by Highgrowth Partners, has purchased a 10% stake in online stock shop SoloStocks for an undisclosed sum. Internet advertising group Intercom owns 80% of the company, while its managers hold the remaining 10%....
GERMANY – Francotyp-Postalia to float
The German mailing systems solutions company Francotyp-Postalia is to raise up to EUR 191m on the German Prime Standard. The book-building range has been set between EUR 18-22.5, and shares are particularly aimed at institutional investors.
UK - Baird Capital Partners Europe generates 3.5x return on Traffic Support exit
Baird Capital Partners Europe has realised its investment in Traffic Support Ltd, the innovative parking enforcement solutions company. Mouchel Parkman, the integrated support services company, has acquired the business for ТЃ21.5m. Added to a ТЃ4.8m...
UK - Barclays Private Equity's Your Move to float
Estate agency and surveying business LSL Property Services, formerly known as Your Move and held by Barclays Private Equity is planning a ТЃ221m IPO.
UK - Duke Street Capital exits Esporta
Duke Street Capital has realised its investment in Esporta. The racquets and country club focused sports chain has been acquired by the Halabi family trust through an auction process for an undisclosed sum.
FRANCE - Siparex backs the buyouts of two contruction suppliers
Sigefi Private Equity (of the Siparex group) has backed the buyout of siding and roofing steel accessories manufacturer Comat, and of pre-insulated pipes maker Solice.
GERMANY – Heliad invests in money and securities services
Heliad Equity Partners has taken a 49% stake in Unicorn Geld- und Wertdienstleistungen GmbH. The financial investor provided EUR 5m in equity capital and a partner loan. The company's management holds the balance.
SPAIN - Apax and Capital Hemisferio to float Vueling
According to press reports, low-cost airline Vueling is due to float 39% of its capital in the stock exchange in the next few days. The bidding period will run from November 17 - 29. The company's main shareholders, Apax Partners and Capital Hemisferio,...
FRANCE - LFPI backs the management buy-in of Holtex
LFPI has taken an 85% stake in medical equipment company Holtex, via its fund LFPI Croissance. LCL underwrote the senior debt package.
UK - Bank of Scotland Corporate exits Paymentshield
Bank of Scotland Corporate has realised its investment in Paymentshield Ltd, a supplier of general insurance products to the mortgage intermediary sector. The value of the deal has not been disclosed although it is known that Bank of Scotland Corporate...
UK - Apax exits The Stationary Office
Apax Partners has realised its investment in The Stationary Office (TSO). Britain's largest publisher by volume, which has many high profile contracts with the public sector, has been acquired by corporate information solution provider William Lea, itself...
FRANCE - AXA Private equity wins Keolis exclusivity
Following a UBS-run limited auction, France's state rail group SNCF has selected AXA Private equity to buy 55% of public transport management company Keolis.
FRANCE - Barclays Private Equity profits from 21 Centrale's withdrawal from Apem
21 Centrale Partners has withdrawn its offer to acquire electrical switch maker Apem, citing concerns stemming from due diligence work.
UK - Amadeus portfolio company agrees $600m merger
Solexa Inc, an Amadeus portfolio company formerly headquartered in Cambridge but now primarily based in California, has entered into a definitive merger agreement with Illumina Inc. Illumina will acquire all Solexa shares in a stock-for-stock transaction...
POLAND - Enterprise Investors exit PEP on the Warsaw Stock Exchange
Enterprise Investors have sold their remaining stake in Polish Energy Partners (PEP) on the Warsaw Stock Exchange. This sale completes the exit of the financial investor from PEP after taking it private in 2005.
UK - Barclays Ventures supports £30m management buy-in
Barclays Ventures has backed a simultaneous ТЃ30m management buy-in of Amwell Systems and Twyford Bushboard. The combined businesses create the UKтs leading independent designer, manufacturer, supplier and installer of both traditional washroom systems...
UK - Amec rejects £1.5bn bid from TPG and First Reserve
A takeover bid by Texas Pacific Group and First Reserve for engineering services group Amec has been rejected by its board. It was reported that the offer, at ТЃ1.5bn, was rebuffed on the grounds that it did not value the company highly enough. Analysts...
GERMANY - Symrise to float by the end of 2006
The German flavours and fragrances company Symrise has announced that it intends to float shares worth EUR 650m in an initial public offering by the end of this year.
GERMANY - Permira exits Premiere
Permira is selling its stake in German pay-TV broadcaster Premiere. The transaction, which involves Permira's remaining 8.44% stake, is valued at approximately EUR 88m.
SWEDEN - Nordic Capital buys TietoEnator's stake in Personec
Nordic Capital Fund V has agreed to acquire TietoEnator’s shareholding as well as outstanding shareholder loans in Stockholm-headquartered Personec. After the transaction, Nordic Capital will control 100% of the company together with the management of...
ITALY - Permira to sell Grandi Navi Veloci to private equity consortium
According to press reports, Permira is said to have reached an agreement with a consortium including buyout house Investitori Associati, Charme and De Agostini to sell its portfolio company Grandi Navi Veloci for over EUR 750m. Two years ago, Permira...
ITALY/GERMANY - Mediaset leaves competition for ProSiebenSat
Mediaset, the broadcasting giant owned by ex-prime minister Silvio Berlusconi, is no longer in the competitive process for German television network ProSiebenSat.1 Media.
SWEDEN - TranSiC secures SEK 4m in funding
Energy business TranSiC AB has raised SEK 4m in a first round of funding from Volvo Technology Transfer AB and Midroc New Technology AB. Founded in 2005, TranSiC is a Stockholm Innovation & Growth incubator company. It aims to bring silicon carbide power...
ITALY - SG Capital Europe acquires majority stake in Modo & Modo
SG Capital Europe has acquired a 75% stake in Modo & Modo SpA, a manufacturer of paper stationery products under the Moleskine brand. The value has not been disclosed.