Deals
FRANCE - Fraikin sale underway
According to reports in the French press, the auction process for the sale of truck rental company Fraikin has attracted bids from Cinven, CVC, Terra Firma. The bids reportedly value the business at around EUR 1.5bn.
UK - Aberdeen Asset Managers recapitalises Plaxton
Aberdeen Asset Managers Private Equity has recapitalised portfolio company Plaxton, the UK's leading manufacturer of luxury coaches and buses. This transaction gives the business a solid platform from which to increase its recently launched bus models...
UK - Close Ventures invests in Helveta
Close Ventures is pleased to announce that it has invested £1.4m in Helveta Ltd, creator of the TracElite timber traceability solution. Close led a £2m funding round, with the balance provided by existing investors Oxford Capital Partners and a number...
NL - Wavin IPO receives lacklustre response
The flotation of Dutch pipe manufacturer Wavin by CVC and AlpInvest has raised substantially less than targeted. With shares priced at EUR 11m, the bottom of the EUR 11-13.50 range, the flotation raised EUR 371m, substantially less than the EUR 641m it...
FRANCE - Acto leads two mid-cap buyouts
Acto has taken a 55% stake in French family tourism pioneer VVF Vacances with a EUR 41m equity investment. CDC took a 40% equity holding, while management retained 5%. Finama's private equity arm also made a commitment to corporate services residence...
SPAIN - 3i considering sale of Provimar
3i is reportedly negotiating the sale of portfolio company Provimar to restaurant business Grupo Arturo for EUR 18m. Provimar specialises in services to ships and duty free stores.
FRANCE - EdRIP and Naxicap take minority stake in Transimmeubles
Edmond de Rothschild Investment Partners and Naxicap Partners have taken a minority stake in real estate management, renovation and promotion business Transimmeubles. Following this deal, the company's founder Laurent Dumas retains over two thirds of...
SPAIN - Lemon Quest receives EUR 2m in first financing round
Lemon Quest, a Madrid-based developer of games for mobile phones, has received its first round of financing from Debaeque Capital, the venture capital firm managed by Patrick Raibaut. Debaeque has injected EUR 2m and has taken a stake in Lemon Quest...
FRANCE - Astorg makes 3.3x on CIS sale
Astorg Partners has sold its entire interest in utility meters installation, management and maintenance business CIS to Ista International GmbH. The sale, which generated an IRR of about 80% and a money multiple of 3.3x for Astorg, values the company...
UK - LDC invests in Personal Touch Financial Services
LDC has invested £9m for a minority stake in financial services network Personal Touch Financial Services (PTFS). The deal values the company at approximately £50m. A key driver of this investment for LDC is to support the growth of PTFS over the next...
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...
FRANCE - PagesJaunes deal closes
KKR and Goldman Sachs Capital Partners have announced the completion of their acquisition of France Telecom's 54% shareholding in directory business Pages Jaunes. With a unitary share price of EUR 22, the total value of the acquired interest amounts to...
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 £180m. 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%...
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 £250,000 from the South West Ventures Fund, run by YFM.