Deals
SPAIN - Espiga Capital buys minority stake in marketing business
Spanish mid-market house Espiga Capital has acquired a 33% stake in marketing business Grupo Pool, according to local press reports.
UK - Barclays Ventures backs BIMBO of Howorth Airtech
Barclays Ventures has backed the buy-in management buyout (BIMBO) of Howorth Airtech Ltd. Based in Bolton and employing nearly 100 people, Howorth provides ultra clean air solutions for the medical and pharmaceutical markets in the UK and overseas. The...
UK - ISIS generates 69.5% IRR from £15.7m Bolden sale
ISIS Equity Partners (ISIS) has wholly exited its stake in communications software provider Bolden James Holdings Ltd in a sale to QinetiQ Group Plc for a cash consideration of £15.7m, generating an IRR of 69.5% and a 3.11x return on its investment.
FRANCE - IPO completes three deals
Nantes-based listed investment vehicle IPO has completed two buyouts and one expansion deal.
FRANCE - Astorg acquires 52% of SCT Télécom
Astorg Partners has backed the buyout of telecommunication services company SCT Télécom.
FRANCE - Wendel recoups EUR 1bn+ from Bureau Veritas IPO
Wendel has recouped over EUR 1bn from the listing of inspection and certification business Bureau Veritas. The investor has sold down approximately one third of its shares in the company through the IPO, generating an IRR of 46% on its partial realisation.
UK - 3i and Oak Hill-backed Telecity to float
3i and Oak Hill Investors are listing data centre operator Telecity Group on the main market of the London Stock Exchange. The IPO is pricing Telecity shares at 220p each, representing a market capitalisation of £436m. The flotation of Telecity follows...
UK - 3i leads $26m funding round in CamSemi
3i has led a $26m investment in fabless semiconductor company CamSemi.
UK - Phoenix takes stake in organic food delivery business
Phoenix Equity Partners has taken a minority stake in Abel & Cole, an organic food delivery business, in a deal thought to value the company at £35m.
UK - London Seed Capital leads £600,000 investment in cancer innovators
London Seed Capital has led a £600,000 round of funding into Michelson Diagnostics Ltd, a manufacturer and developer of optical medical imaging equipment specifically designed for use during cancer operations.
FRANCE - Novalto raises EUR 1.3m from Turenne and Sopromec
Staff incentivisation business Novalto has received a third round of financing from Turenne Capital, Sopromec, and the company's chairman.
BELGIUM - KBC Private Equity acquires Di Legno Interiors
KBC Private Equity has invested in Di Legno Interiors alongside the company's current shareholder and managing director Koen Vanbrabant and commercial director Ben Soers.
FRANCE - CIC Banque de Vizille invests EUR 1.2m in Polyspot
Via its funds Vizille Capital Innovation and Sudinnova SA, CIC Banque de Vizille has invested growth capital in corporate search engine Polyspot.
CEE - Europa Capital sells City Point Distribution Park to Morley for EUR 71.6m
Europa Capital has sold City Point Distribution Park to Morley's Central European Industrial Fund (CEIF) for EUR 71.6m.
SWEDEN - Segulah floats HMS
Segulah has listed HMS Networks, a Swedish industrial communication company, on the OMX Nordic Exchange for SEK 74 per share. The investor will sold down its shareholding at the time of the listing. Shares in HMS started to trade on 19 October. Segulah...
UK - AIM-listed Huveaux is private equity target
Huveaux, a specialist media company listed on AIM, has received a number of approaches from private equity groups. The London-based business focuses on e-learning and e-based information and communication services publishing 16 magazines and holding 500...
UK - Beringea invests £2m in Imagesgate
Beringea Ltd has invested £2m in Imagesgate, a company which provides royalty fee and stock managed photography images and other bespoke image services.
FRANCE - End in sight for Carlyle's Otor misadventure
After more than seven years of trials and tribulations, Carlyle has reportedly mandated Deutsche Bank to sell cardboard maker Otor.
UK - Catapult leads £1.2m investment in Synchro
Catapult Venture Managers Ltd has led a £1.2m investment into software developers Synchro Ltd.
GERMANY – SiC Processing AG closes EUR 53m financing round
zouk ventures has led a EUR 53.4m financing round in SiC Processing, a management and recycling company of used slurry from the solar and semiconductor wafer industries. Other investors joining the round include Merrill Lunch Corporate Principal Investments...
SWITZERLAND – CapD exits BestinClass to Richemont
CapD Private Equity Partners has sold micro-machining company BestinClass for an undisclosed sum to Compagnie Financiere Richemont.
ESTONIA - Skype founders back pet social networking site
The two social networking sites, www.uniteddogs.com and www.unitedcats.com , have received funding from Ambient Sound Investments (ASI), the investment company set up by the four founding engineers of Skype. The capital injection gives ASI a 15% stake...
UK - Kaupthing acquires DLG from Promethean for £75m
Kaupthing Capital Partners has acquired consumer lifestyle database business Data Locator Group (DLG) for £75m. The deal represents an exit for Promethean Investments, which backed the £23.5m management buyout of DLG in March 2006. DLG has since grown...
UK - Octopus and Foresight see 4.4x return on Covion exit
Octopus Private Equity and Foresight Group have seen a 4.4x return from the sale of facilities infrastructure service business Covion. Trade buyer Balfour Beatty Group Ltd acquired Covion for £33m ending Octopus and Foresight's two year ownership of...