Deals
SWEDEN - Industrifonden leads consortium of investors in a $5.6m round in Movimento
Industrifonden has participated in a $5.6m funding round for Movimento, a desiger and manufacturer of tools for the automotive and transportation industry. Industrifonden itself has invested $2.8m in this round alongside a $2.8m commitment from existing...
UK - Graphite sees 4.2x return on exit from Go Plant
Graphite has generated returns of 4.2x its investment in Go Plant through a sale of the business to Easternrange, a private investment vehicle. Go Plant operates a fleet of over 1,000 specialist vehicles including road sweepers, refuse vehicles and gully...
UK - RJD backs £50m BIMBO of TransLinc
RJD Partners has led a fundraising transaction worth £50m for the purchase of specialist fleet outsourcing business TransLinc. The deal structure is a buy-in management buy out. TransLinc was originally formed within Lincolnshire County Council. It became...
UK - Seraphim Capital provides Flirtomatic with £2m series-B round
Seraphim Capital has led a £2m series-B funding round for Handmade Mobile Entertainment Ltd, the company behind Flirtomatic, a cross-platform flirting service. Seraphim Capital is a government-backed Enterprise Capital Fund which closed its first fund...
DENMARK - Investcorp acquires Icopal for EUR 850m
Investcorp has signed an agreement to acquire Icopal, a manufacturer and provider of roofing products and installation services, for EUR 850m on a debt-free basis. Icopal will be acquired from a consortium comprising Axcel, Denmark's largest private equity...
SWEDEN - Industrifonden invests SEK 9m in Accedo Broadband
Industrifonden, together with management and existing owners, have annouced that they will invest SEK 9m in Accedo Broadband, a distributor and developer of IPTV. The investment will be used to fuel product development and sales distribution in Europe,...
SWEDEN - CapMan, SEB Venture Capital and Aloe Private Equity acquires KMW Energi AB
CapMan, SEB Venture Capital and Aloe Private Equty have acquired 80% of KMW Energi's shares. KMW is a biofuel company based in Norrtälje. The 80% ownership will be split eaqually between the investors, and the current owners will hold the remaining 20%...
UK – Pi Capital pumps £4m into Applied Kilovolts
Small UK buyout specialist Pi Capital has provided £3.93m to Applied Kilovolts to allow the power supplier to acquire Brandenburg, a rival. The deal, which effectively doubles the size of Applied Kilovolts, also sees the firm buy out the minority stake...
NORWAY - HTV, Input/Output and Reservoir form joint venture
Hydro Technology Ventures (HTV) has formed a joint venture with Input/Output (I/O) and Resevoir Innovation, to deploy, pilot test and commercialise a full-wave seismic system for permanent monitoring of offshore reservoirs.
SWEDEN - 3i and Litorina make 9x on divestment of Q-Matic to Altor
3i, Litorina Kapital and the founding family has agreed to sell their shares in Q-matic, a queue management and customer flow management solution company, to Altor. The investors make a 9x money multiple on the exit.
FRANCE - Marathon sale attracts De Agostini and Apax
In the sale of television producer Marathon, vendor Bridgepoint has received firm offers from De Agostini and Apax Partners, according to reports in the French press.
FRANCE - Astorg backs secondary buyout of Webhelp
Astorg Partners is set to acquire a majority stake in CRM specialist Webhelp. Vendor Barclays Private Equity will retain a minority interest in the business, while management is increasing its stake.
UK - Balderton Capital wholly aquires Codemasters
Balderton Capital, formerly known as Benchmark Capital Europe, has acquired the remaining stake held by the founders of Codemasters, an independent videogame developer and publisher.
UK - IMAC makes a further £3m investment in Digital Rights Group
Ingenious Media Active Capital Limited (IMAC) has made a further £3m investment in Digital Rights Group Limited (DRG). In December 2006, IMAC made an initial investment of £3m in the company.
UK - LDC invests a further £15million in Commercial First
Mid-market private equity firm LDC has increased its stake in specialist commercial mortgage lender Commercial First. The transaction follows LDC’s initial investment in August 2006, taking its total investment to £42million.
FRANCE - IPO spins-off Ceradel
IPO, the listed subsidiary of CM-CIC, has piloted the carve-out of ceramic and glass art equipment provider Ceradel from parent company Imerys.
BELGIUM - Transics IPO more than 10x oversubscribed
Carlyle-backed Transics, a provider of on-board computers and fleet management solutions for the transport and logistics sector, has offered 2,628,571 shares on Eurolist by Euronext Brussels, priced at €17.50 per share.
UK - MMC invests £2m in online lead-generation business
MMC Ventures has made an equity investment of £2 million in Clash-Media, an online lead generation business based in London.
UK - 3i sells HSS to Aurigo and Och-Ziff
3i has announced the sale of UK tool hire company HSS to Aurigo and Och-Ziff for £310m, generating a multiple of 4x for the investor. 3i acquired HSS in 2004 and during its ownership of the asset re-structured its business model. Hawkpoint Partners...
UK - Duke Street in take-private bid for Oasis Healthcare
Duke Street Capital has offered £76.9m for AIM-listed dental services provider Oasis Healthcare Plc. The offer of 82 pence per-share represents a premium of 74.4% on the closing price. The bid is being financed by a debt package supplied by Barclays...
AUSTRIA - Cycleenergy receives EUR 6.7m funding
3TS Capital Partners and Ventaac Beteiligungs- und Unternehmensberatung GmbH have invested EUR 4.3 and 2.4m respectivley in Austian bioenergy group Cycleenergy. The company will use EUR 6.7m financing to expand its biomass and biogas power plant activities...
UK - Investec backs Hamilton Bradshaw Human Capital in buyout of Eden Brown
Investec Private Bank's Growth & Acquisition Finance division has provided Hamilton Bradshaw Human Capital (HBHC) with funding to support the acquisition of leading recruitment specialist Eden Brown Ltd. The business has a turnover of £180m. HBHC specialises...
FINLAND - Industri Kapital divests Etel Networks to 3i making 2.5x
Industri Kapital and TeliaSonera have signed an agreement to sell their shares in Eltel Networks to 3i through an auction process which was held by Access Partners, making a 2.5x money multiple.
NORWAY - Verdane Capital Advirsors and Ferd Venture exits Nacre AS to Bacou-Dalloz
Bacou-Dalloz has acquired Nacre AS from Ferd Venture, Verdane Capital Advisors and Viking Venture. The transaction values Nacre at USD 135m, and Ferd Venture has announced that they will make a 15x return in cash on the divestment.