Deals
UK - Advent International exits Financial Dynamics
Financial Dynamics (FD), the business and financial communications consulting firm has been acquired by FT Consulting, Inc, a consulting and technology service provider to major corporations for ТЃ137m. The transaction represents an exit for Advent International...
FRANCE - Cinven, Carlyle and APAX sell MediMedia for EUR 489.3m
The Cinven-led consortium of investors which had acquired Vivendi Universal Publishing in April 2002 has sold its medical publications subsidiary MediMedia USA to Vestar Capital, for an entreprise value of EUR 489.3m.
FRANCE - Oxxius receives $10m in second round
Sofinnova Partners has led the $10m second round of funding for the manufacturer of ultracompact lasers, Oxxius. The other contributors in this funding were AXA Private Equity and US-based Sofinnova Ventures.
UK - Finance Wales participates in £5m funding round for TES Aviations
Finance Wales has reached its 1,000th deal with an expansion capital investment into TES Aviation. A funding package of more than ТЃ5m was supported by international financiers, the company itself and by Finance Wales, the organisation created by the...
FRANCE - Investors make 2x on Swapcom sale
Iris Capital's Part'Com, Spef Venture, Banque de Vizille and Sudinnova have generated a 2x money multiple on the sale of their entire interest in French mobile solutions developer Swapcom to a subsidiary of Swisscom.
FRANCE - Alpha and Apax make major loss on Créatifs sale
Sources close to the deal have confirmed that Alpha Associés Conseil and Apax Partners have sold Créatifs to Developpement & Partenariat and Prado Finance, for EUR 500,000. The buyout houses had originally bought the conference visual designer in a EUR...
FRANCE - AXA Private Equity buys Eliokem for about EUR 130m
French buyout house AXA Private Equity has announced its acquisition of a majority stake in former Goodyear Tire spin-off Eliokem for about EUR 130m.
FRANCE - Dailymotion receives EUR 7m
It is understood that French internet video sharing website Dailymotion has received EUR 7m of investments from Partech international and Atlas Ventures.
UK - Permira Funds acquire Principal Hotels
Permira has announced the acquisition of Principal Hotels from Royal Bank of Scotland by Permira Funds.
UK - 3i offloads portfolio of 10 mid-market buyout investments
Saints Capital, in partnership with Lexington Partners and Fortress Investment Group, announced that it has acquired a portfolio of 10 mid-market buyout investments from 3i. The transaction involved privately held industrial companies all based in the...
NL- Waterland sells Harting-Bank to NPM Capital
Waterland Private Equity Investments has sold its stake in Harting-Bank, a leading Dutch supplier of mobility aids and care provider, to NPM Capital. No financial details have been disclosed.
FRANCE - 3i backs the LBO of Selective Beauty
3i has announced it has invested EUR 50m of equity to acquire a 45% stake in perfumes and cosmetics distributor Selective Beauty.
GERMANY - JC Flowers-led consortium to acquire HSH Nordbank stake
According to press reports JC Flowers & Co is leading a consortium of investors in the acquisition WestLB's stake in HSH Nordbank. The transaction is valued at EUR 1.25bn.
GERMANY - Nokia acquires gate5 from Innoven and Target
Innoven Partenaires and Target Partners have exited their stakes in gate5 AG, a supplier of mapping, routing and navigation software services.
FRANCE - Capzanine restructures Utram
Capzanine has announced its participation in the restructuring of audiovisual equipment rental business Utram. The deal means a partial exit for previous investor Naxicap and the arrival of management as a minority holder.
GERMANY - 3i sells SR Technics to Emirates consortium for EUR 1bn
In spite of long-standing rumours that 3i was planning to list SR Technics this Autumn, the investor has gone the route of a direct sale. The consortium acquiring the company is made up of investors Mubadala Development (Abu Dhabi), Dubai Aerospace Enterprise...
UK - TA Associates acquires SmartStream from 3i
SmartStream Technologies, the software provider which through its Transaction Lifecycle Management solutions provides services to 70 of the world's top 100 banks, has been acquired by TA Associates. The deal represents an exit for previous majority shareholder...
UK - Close Growth Capital exits Goodridge UK
Close Growth Capital (CGC), the provider of combined equity and debt funding, announced today that it had sold its stake in Goodridge UK to the incumbent management team. CGC first invested in Goodridge in 2001 providing a sub ТЃ10m funding package. Goodridge...
FRANCE - Butler Capital to buy Sernam
Sernam, a former subsidiary of the French railways company SNCF, has announced it has entered exlcusive talks with Butler Capital Partners, concerning the buyout house's acquisition of a majority stake.
FRANCE - IPO backs clothes horse business
IPO has taken a minority stake in Herby, a manufacturer of clothes horses.
UK - McCarthy & Stone acquired by HBOS consortium
The builder of private retirement homes and flats, McCarthy & Stone has been acquired by an HBOS consortium named Mother Bidco following the withdrawal of Permira and Barclays Capital's recommended offer. The withdrawal was sparked by Vincent Tchenguiz,...
UK - Primary Capital acquires Haines Watts Business Recovery & Insolvency
Primary Capital is pleased to announce the ТЃ27m management buyout of Credere Limited, the vehicle formed to acquire the Haines Watts Business Recovery & Insolvency (HWBRI) practice.
UK - Blackstone and Premier only remaining bidders for United Biscuits
The final round of the auction for United Biscuits gets underway this week with Blackstone and Premier Foods the only remaining contenders. While Blackstone's bid is fully funded, there is doubt as to whether the Premier consortium can raise the capital...
UK - Graphite Capital acquires NES Group from Bridgepoint for £86m
Graphite Capital, the leading UK mid-market private equity specialist, is backing the ТЃ86m management buyout of the NES Group from its founders and previous backer, Bridgepoint. The exit generated a money multiple of 2x for Bridgepoint.