Deals
UK- ECI sells Anix IT
ECI Partners has sold Anix IT, a reseller of storage hardware and software solutions to Xploite plc for £10.45m.
FRANCE - Apax-led syndicate sells Cartesis to Business Objects
Apax Partners, Advent Ventures Partners, Caisse des Dépots et Placements du Québec and Partech International have sold their interests in finance and performance management software developer Cartesis, to business intelligence solutions provider Business...
NORWAY - Cubera sells Marratech to Google
Cubera Secondary has sold Marratech to Google for an undisclosed sum, but the IRR is claimed to be "very satisfactory". Marratech is one of the 11 companies that Cubera has had in their portfolio since acquiring the Aumar portfolio form Sjätte AP Fonden.
FRANCE - Turenne backs online lottery business Mediastay
Turenne Capital Partenaires has invested in the owner buyout of Mediastay via its listed fund Turenne Investissement and its FIP Hexagone Croissance I.
NORWAY - HitecVision aquires 49% of Sørco
HitecVision Private Equity has agreed to acquire 49% of the Sørco Group, a major provider of systems and services to the Norwegian and international oil and gas industry. HitecVision Private Equity specialises in investing in growth companies in the...
FINLAND - CapMan exits Synerco
CapMan has exited from Synerco, the Swedish provider of integrated facility, security and office services. Capman will sell its stake to Service Management company Addici Holding AB, supported by its major private equity investor Argan Capital.
IRELAND - Edgestone Capital Partners leads extra $5m funding round for RedMere
Edgestone Capital Partners has led a $5m top-up funding round for fabless semiconductor company RedMere Technology. Existing investor Celtic House Venture also participated in the round which brings the amount invested in under six months to $13.5m.
SPAIN/PORTUGAL- Private equity crowd hits the audiovisual arena
The Iberian audiovisual sector has experienced a noteworthy level of private equity activity this week.
UK - Advent Venture backs new home moving web services
Advent Venture Partners and seed investors, The Accelerator Group, have provided new home moving web service Moveme.com with early-stage funding. Moveme.com is a online service which will enable millions of people moving home to save significant time;...
UK - Creative Capital Fund backs performance company with EUR 2.53m
The Creative Capital Fund has led a EUR 2.53m fund-raising for The Creative Experience Company Ltd. The investment was led by Leisure and Media VCT Plc, which is managed by North Atlantic Value LLP, part of the J O Hambro Capital Management Group. The...
UK - FF&P Private Equity backs MBO of insurance broker
FF&P Private Equity has backed the management buyout of RFIB Group Ltd, the international Lloyd's insurance and reinsurance broker from its retired shareholders. The value of the transaction, which is subject to regulatory and other approvals, was not...
UK - Boots bidding war on
A bidding war has broken out for Alliance Boots, the FTSE 100 retail and pharmaceutical group. After KKR upped its offer for Alliance Boots to £10.90 per share in an attempt to see off a rival £10.85 per share bid from Terra Firma, Terra Firma trumpted...
FRANCE - EdRIP backs BestofMedia with hybrid deal
Edmond de Rothschild Investment Partners (EdRIP) invested EUR 2m in equity in an a-typical acquisition financing deal, allowing online IT publisher BestofMedia to Tom’s Hardware Guide.
UK - Macquarie strengthens grip on UK communications sector with £1.9bn Airwave purchase
Macquarie is to acquire Airwave, the telecom network used by UK emergency services, from O2 in a £1.9bn deal. O2 is a subsidiary of Spanish telecom group Telefonica. The purchase by Macquarie was made through its Macquarie European Infrastructure Fund...
UK - General Atlantic to float Xchanging valuing it at £500m
General Atlantic is to float portfolio company Xchanging, an outsourcing and processing portfolio company. The IPO is expected to value the group at approximately £500m with an indicative share price range of 210-240p per share. It is understood that...
UK - Octopus backs novelty confectionary business with £5m of expansion capital
Octopus Investments has backed Sweet Cred Ltd, a branded children’s novelty confectionery business, with £5m expansion capital financing. Octopus was introduced to the deal by Acanthus, a London-based corporate finance firm. Based in Sidcup, Kent,...
AUSTRIA - capiton exits Trenkwalder Personaldienste
caption AG has sold its stake in temporary staffing company Trenkwalder Personaldienste AG to the Trenkwalder Private Foundation. The transaction value has not been disclosed. caption had acquired a minority stake in Trenkwalder at the beginning of 2003.
UK - Brightstation Ventures backs internet fashion network with £1m
Brightstation Ventures has provided Osoyou.com, an internet-based fashion social network start-up with £1m of funding. The website is due to launch this summer and will compete with the likes of Conde Nast's stylefinder.com.
GERMANY - GANYMED receives EUR 33.7m financing
GANYMED Pharmaceuticals AG has closed an EUR 33.7m series C financing round led by Venture Incubator Partners. Other investors committing to this round are Future Capital, Ingro Finanz, LVVW, MIG, Nextech, ONC Partners, Varuma and a consortium of Swiss...
GERMANY - DZ Equity Partner sells Morgen & Morgen
DZ Equity Partner has exited its stake in Morgen & Morgen-Gruppe to the management. The transaction value has not been disclosed and CEO Joachim Geiberger will wholly acquire the company.
UK - Aberdeen zooms in on CCTV investment
Aberdeen Asset Managers Growth Capital has backed the BIMBO of Camwatch Ltd, a CCTV monitoring company. Aberdeen and the management team provided equity funding as part of a £6.8m investment package involving debt supplied by Barclays and Royal Bank...
UK - TVM Capital leads EUR 15.26m round for Azea Networks
TVM Capital has led the EUR 15.26m series-D funding round for Azea Networks, a submarine optical network solution specialist. Previous investors Accel Partners and Atlas Venture also participated in the round.
SPAIN - Pan-European houses to race for Codere
The deadline for offers for the 49.9% stake of Codere is tomorrow. Reportedly, pretty much every pan-European house based in Spain has demonstrated interest in the gambling business. Permira, Apax, Texas Pacific Group, Carlyle and BC Partners are all...
ITALY - Atlantis and Orlando compete for Livingston
Turnaround groups Atlantis Capital and Orlando Italy have made an offer for airline Livingston-Lauda Air, owned by tourism player Viaggi del Ventaglio.