Deals
CZECH REPUBLIC - Advent sells CCS to FleetCor Inc
Advent International has concluded an agreement to sell its portfolio company CCS Èeská spoleènost pro platební karty a.s. to FleetCor Inc. The deal is structured as a cash and share transaction and will enable Advent to return funds to its investors...
UK - Langholm Capital acquires plus-size retailer Elvi
Langholm Capital has acquired Elvi, the UK's largest independent plus-size women's fashion retailer. Langholm is backing Oliver Spark, the former managing director of the White Company, as an incoming chief executive.
GERMANY / FRANCE - Quadriga acquires Coventya from Natexis
In a secondary transaction Quadriga Capital has acquired Coventya from Natexis Industrie. The deal is valued at more than EUR 100m, according to press reports.
FRANCE - Texas Pacific Group and AXA Private Equity buy 60% stake in TDF
Telecom broadcaster TDF has confirmed that an agreement has been signed for the acquisition by Texas Pacific Group and AXA private Equity of 42% and 18% of its equity, respectively.
UK - DLJ Merchant Banking Partners and Morgan Crucible talks fall through
Talks between the private equity arm of Credit Suisse DLJ Merchant Banking Partners and 150 year old engineering firm Morgan Crucible about a delisting of the company have faltered.
UK - Credit Suisse Infrastructure Fund involved in bid for City Airport
It is expected that a consortium led by US insurer AIG and involving GE Capital and Credit Suisse's infrastructure fund has won the auction for City Airport. The deal is thought to value the airport which was acquired by Irish billionaire Dermot Desmond...
UK - Nikko Principal Investments exits Menzies Hotels Group Ltd
Nikko Principal Investments Ltd (NPIL), has sold the four star hotel chain, Menzies Hotels Group Ltd, to property investors aAIM and R20, for ТЃ180m. This exit combined with the sale of the Salcombe Hotel in the summer of this year, takes the total exit...
FRANCE - Faust Pharmaceuticals receives first tranche of its third round of funding
Strasbourg-based Faust Pharmaceuticals has received EUR 8.2m from its historical investors Sofinnova Partners, Auriga Partners, Siparex Ventures, Edmond de Rothschild Investment Partners, AGF Private Equity, CDC Entreprises and FCJE. This is the first...
PORTUGAL - PME Investimentos backs GADSA
Document management company GADSA – Arquivo e Deposito has received backing from PME Investimentos in a first round of funding worth EUR 750,000, 50% of which is equity and 50% debt. In return, the Lisbon–based private equity firm is taking a 37.5% stake...
GERMANY - TVM Capital exits TravelTainment to Amadeus
TVM Capital has exited its stake in TravelTainment, Aachen, to Amadeus, a global provider of travel and tourism solutions. TVM has backed the company since 2000, when it invested in a series-A financing alongside SWAN Private Equity and tbg. Amadeus was...
ITALY - Strategia Italia invests in Microcinema
Audiovisual distributor Microcinema Srl received EUR 1.2m of funding from a consortium led by Strategia Italia. The Turin-based company will seek to introduce digital cinema to the Italian market. Microcinema plans to distribute audiovisual contents,...
FRANCE - EdRIP and Initiative & Finance back MBI of medical supplier
Edmond de Rothschild Investment Partners (EdRIP) and Initiative & Finance (I&F) have backed the management buy-in of Laboratoires Filorga. EdRIP provided 60% of the equity, while I&F contributed 40%. The two sponsors took a majority stake, whilst the...
UK - YFM invests £250,000 in International School for Security and Explosives Education
The International School for Security and Explosives Education (ISSEE), a company which provides counter-terrorism training to businesses and organisations across the world has secured ТЃ250,000 from the South West Ventures Fund, run by YFM.
UK - Octopus leads MBO of Audio Visual Machines
Octopus has undetaken the management buyout of Audio Visual Machines (AVM) from Parkmead Group Plc. Octopus financed the deal and will hold a minority equity share in the business.
UK - Cinven offer for listed Pizza Express and ASK
Cinven has submitted its official offer for Gondola Holdings Plc, the name behind the Pizza Express and ASK restaurant chains through its acquisition vehicle Paternoster Acquisitions Ltd. The 415p per share offer values the share capital of Gondola at...
UK - InforSense receives £5.3m funding led by FF&P Private Equity
InforSense Ltd, a leading provider of software to the life sciences, financial services and other industries has received a ТЃ5.3m investment led by Fleming Family and Partners Private Equity (FF&P). Imperial Innovations provided ТЃ1.6m of the total funding...
UK - ECI Partners invests £12m in M2 Digital
ECI Partners has invested ТЃ12m in M2 Digital, a fast-growing support services provider providing clients with innovative solutions for their document printing, copying and scanning requirements.
FRANCE - Photonic decontamination business receives EUR 1.2m
Emertec Energie Environnement, Expansinvest, Banque Populaire Création and SCR Provence et Corse have invested a total of EUR 1.2m in the first round of institutional funding in Claranor. Following the deal, the management retains a slight majority stake....
PORTUGAL - Espirito Santo Capital and GED Private Equity acquire CHCH
Grupo Azkoyen, a manufacturer of coffee vending machines, has sold the coffee distribution activities of its branch in Portugal, the Company of Hostelería and Consumo Hispanolusa (CHCH), for EUR 8.5m to Espirito Santo Capital and GED Private Equity. ...
FRANCE - Weinberg Capital Partners invests in Alliance Industrie
Weinberg Capital Partners (WCP) has invested in Alliance Industrie, a distributor of spare parts and provider of services for the automobile and trucking industries in France and the UK.
UK - Interest in UK water companies continues
Anglia Water (AWG) which last week recommended a ТЃ2.2bn takeover offer from Osprey, a consortium including Colonial First State, Canada Pension Plan Investment Board and 3i's infrastructure fund, may be the subject of another takeover bid. Reports suggest...
UK - Och-Ziff's Whitehead Mann deal under threat
The proposed take-private of headhunting firm Whitehead Mann led by Och-Ziff is reported to be under threat from Jeremy Hosking. He has already built up a stake in the company through his vehicle Marathon Asset Management and apparently intends to augment...
UK - Aurigo Management join Esporta auction
Esporta, the fitness-club chain held by Duke Street Capital, has reportedly received interest from the private equity vehicle of former Asda chairman, Archie Norman. His vehicle Aurigo Management will join leisure group Whitbread, owner of David Lloyd...
UK - Schroders Ventures Life Sciences exits PowerMed via sale to Pfizer
Pfizer Inc has announced it has entered into an agreement to acquire PowderMed Ltd, an Oxford-based company specializing in the emerging science of DNA-based vaccines. PowderMed has developed a unique and proprietary technology to deliver DNA directly...