Deals
IRELAND - Setanta to receive Doughty Hanson investment
Market sources report that the Irish-headquartered broadcaster Setanta Sports which owns the rights to two of the six Premiership packages available is to receive an investment from Doughty Hanson alongside debt funding provided by Goldman Sachs. The...
UK - Oxford Capital Partners participates in £5m series-A funding for OrthoMimetics
Oxford Capital Partners has announced its investment in OrthoMimetics Limited, the first technology spin-out from the Cambridge-MIT Institute (CMI). Oxford Capital Partners joins a syndicate of investors including Schroders Investment Management Ltd,...
UK - 3i-backed Salamander Energy in $405m IPO
3i portfolio investment Salamander Energy has been listed on the London Stock Exchange with a market capitalisation of $405m. Salamander Energy Plc is an upstream oil and gas exploration and production company focused on South East Asia. 3i invested $22.6m...
UK - Aberdeen Asset Managers Private Equity backs £19.1m MBO of Purac
Aberdeen Asset Managers Private Equity has backed the £19.1m management buyout of Purac Ltd, a process engineering specialist, from AWG Plc. Aberdeen provided the equity funding with the Bank of Ireland providing a debt package including senior, working...
ESTONIA - BaltCap generates 50% IRR on Ecometal investment
BaltCap has sold its significant minority position in lead battery recycling company AS Ecometal to DeltaCom Holding Ltd for an undisclosed amount. BaltCap has generated an IRR exceeding 50% on this investment.
FRANCE - Cinven, Texas Pacific, Spectrum and Goldman Sachs sell Eutelsat shares
Cinven, Texas Pacific Group, Spectrum Equity Investors and Goldman Sachs have sold their entire stake in Eutelsat Communications, the world's third largest satellite services provider listed on Euronext Paris' compartment A, in two simultaneous sales.
UK - ISIS backs ILS acquisition of Home Concern
ISIS has provided its portfolio company Independent Living Services Ltd (ILS) with additional funds to enable it to acquire Home Concern (Scotland) Ltd. The combined company will be one of the largest providers of care at home services in Scotland with...
SWITZERLAND - Butler carves out Rhodia's European string and fibre operations
Butler Capital Partners has backed the management buyout of chemical specialist Rhodia's European fibre and string business. The buyout house took a 95% equity stake, while management retained the balance.
UK - LDC backs EUR 63m MBO of Anglo-Dutch corporate travel and event management firm
LDC has invested EUR 24m as part of a EUR 63m management buyout of ATP, an Anglo-Dutch corporate travel and event management firm formerly a subsidiary of Dutch investment company Reggeborgh. Lloyds TSB Acquisition Finance provided senior debt and revolving...
UK - Langholm Capital floats Just Retirement
The IPO of Just Retirement has allowed Langholm Capital to partially exit its investment. Unconditional trading in the shares on AIM begun this morning since when its share price has risen to 198p, giving the company a market capitalisation of £581m...
ITALY - Strategia Italia closes its third deal
Strategia Italia SGR has via its closed-end fund Fondo Nord Ovest completed the investment in packaging manufacturer MPG.
GERMANY – EQT-backed Symrise to float
The German flavours and fragrances company Symrise has set the bookbuilding range for its IPO next Monday between EUR 15.75 and 17.75. The company intends to float up to 81m shares, 37.8m as part of a capital increase, which, if valued at the top end...
UK - Lion Capital portfolio company La Senza acquires Contessa
The holding company of La Senza Ltd, a Lion Capital portfolio company, has acquired Contessa for an undisclosed sum in a transaction that closed over the weekend. Lion Capital acquired lingerie retailer La Senza in a deal of undisclosed value in July...
UK - NGBI Private Equity backs £14m MBO of Change Recruitment Group
NBGI Private Equity (NBGI PE) has backed the £14m management buyout of Change Recruitment Group, an independent, Scotland-based recruitment consultancy.
UK - Inflexion Private Equity backs £13m buyout of Autocruise
Inflexion Private Equity has led the £13m buyout of Autocruise, a leading manufacturer of motorhomes in the UK. Inflexion-managed funds invested £5.9m to take a majority stake in the company. Royal Bank of Scotland also provided £8.5m of debt facilities...
UK - Ingenious Media invests £3m to enable Digital Rights Group to make acquisition
Ingenious Media Active Capital Limited has invested £3m in The Digital Rights Group Ltd (DRG) in order to enable it to acquire Portman Film and Television Ltd, a UK drama distributor.
UK - Close Ventures leads £2m follow-on funding of Xceleron
Close Ventures has invested £1.5m as part of a £2m follow-on funding round in Xceleron Ltd, a provider of early-stage drug development and assessment services to the biotechnology and pharmaceutical industries. The balance was provided by Foursome Investments,...
UK - Duke Street and Englefield exit Equity Insurance Group
Duke Street Capital and Englefield Capital have sold Equity Insurance Group to Insurance Australia Group, Australasia’s leading general insurance group, for a total consideration of £570m. The two investors delisted the insurance group, then known...
GERMANY/FRANCE – Lafarge roofing unit sells for EUR 2.4bn
PAI Partners have acquired the roofing business of French cement giant Lafarge SA for EUR 2.4bn. The enterprise value for the acquisition consists of EUR 1.96bn of net equity and EUR 420m of debt and pension liabilities. JP Morgan and Rothschild co-arranged...
SWEDEN - EQT Oppportunity buys Melka Tenson and Five Seasons
The EQT Opportunity Fund has acquired sportswear companies M/T Owner (Melka Tenson) from Jacques Vert Plc, and Five Seasons from Five Seasons Inköps AB. The majority owner of Five Seasons, Gunnar Johansson, will together with management become co-owner...
SWEDEN - Industri Kapital to acquire Attendo
Industri Kapital has agreed to buy care company Attendo Group AB from the owners Bridgepoint, Mexab and Säki.
NORWAY - EQT sells Plantasjen to Apax
EQT III has agreed to sell garden centre chain Plantasjen to funds managed by Apax Partners. Under EQT's ownership, the company has tripled its revenues. The sale is conditional on approval by the relevant competition authorities.
SWEDEN - HealthCap and NBGI Ventures invest in BoneSupport
The medical technology company BoneSupport AB in Lund has received SEK 135m in growth funding. The new investors include HealthCap and NBGI Ventures, while the existing owners are Innovationskapital, Teknoinvest, FERD Venture and Vencorp Partners.
UK - Lyceum exits Clinovia through a sale to BUPA
Lyceum Capital has realised its investment in home healthcare services provider Clinovia. The Harlow-based company was acquired by BUPA for £87.7m. The returns on the deal have not been disclosed.