Deals
UK - Seven Hills provide £500,000 to drug development company
The Edinburgh-based life sciences development company, Seven Hills Venture Partners Ltd has committed £500,000 in drug development funding to LinkCore Pharma Limited as part of a innovative life science product initiative.
FRANCE - Venture syndicate puts up EUR 16.4m for Varioptics
Sofinnova partners and Polytechnos Venture Partners are joined by new investors Iris Capital, Xange and Delphis in the 3rd round financing of Varioptics, a liquid lens company, in a deal worth EUR 16.4m.
GERMANY - BayBG invests in leucemia research lab
BayBG has taken a 'stille Beteiligung' position in MLL Münchner Leukämielabor GmbH, Munich. The reason for the investment was the spinout of the laboratory realised by doctors and biologists working at the Munich university clinic. The volume of the...
UK - LGV appoints Casey to chair Integrated Dental Holdings
Gavin Casey, the former CEO of the London Stock Exchange, has been appointed chairman of Integrated Dental Holdings.
SPAIN - Diana Capital invests EUR 10.5m in Lumelco
Diana Capital I, the private equity fund managed by Diana Capital, has acquired 23% of Lumelco, a distributor of air conditioning systems. The total value of the investment was EUR 10.5m. The funding will be used to help the expansion of the company in...
SPAIN - 3i exits Faus Group
3i in Spain has sold its 38% shareholding in Faus Group, a manufacturer of laminated flooring and other components for the building and design industries. The total value of the transaction has not been disclosed but the IRR for 3i after nine years is...
GERMANY - EQUITA acquires Barat Carbide and Barat Ceramics
In a joint deal with the company management, Equita Fonds 3 has acquired Boart Longyear HMSR and Boart Ceramics GmbH. The vendor, Longyear Holdings Inc, is based in Salt Lake City. The two companies, Hard Materials and Softrock Tools (HMSR) and Boart...
UK - LGV backs Integrated Dental Holdings
Legal & General Ventures (LGV) has acquired a significant shareholding in Integrated Dental Holdings, the UK’s largest owner of dental practices, for an undisclosed amount.
GERMANY - EQT buys Kabel Baden-Württemberg
EQT has signed an agreement with funds advised by Blackstone and CDPQ to acquire 100 % of Kabel Baden-Württemberg GmbH & Co (Kabel BW). EQT intends to continue supporting Kabel BW’s expansion and move into triple play.
SPAIN - Nmás1 invests in vending machine operator
Dinamia Capital Privado and Nmás1 Private Equity Fund have acquired 100% of Servicio de Venta Automática S.A. (Serventa) in a deal valued at around EUR 30m. The company was purchased from Urex Inversions S.A., which forms part of Altadis. The transaction...
SPAIN - Adara and MCI invest EUR 2.5m in Polymita Technologies
Polymita Technologies, a Spanish software provider of business process management (BPM), portals and enterprise content management platforms (ECM), has announced a €2.5m joint investment in the organisation made by venture capital companies Adara Ventures...
SWEDEN - FSN Capital acquires Aura Group from Bridgepoint
Aura, the Swedish long life lighting manufacturer, has been sold by Bridgepoint to FSN Capital Partners AS. The value of the deal has not been disclosed.
UK - Bank of Scotland Integrated Finance backs Interface UK
The West Yorkshire-based international contract textile operations of Interface Fabrics has announced that it is to leave US parent Interface, Inc. in a management buyout backed by Bank of Scotland Corporate. The £16m deal, effective from 22 April, will...
UK - Rutland Partners sells Uskmouth Power Station
Rutland Partners has agreed the sale of its entire interest in Carron Energy Ltd, the owner of Uskmouth Power Station to a specially-formed company backed by Deutsche Bank AG and funds under the management of Strategic Value Partners and Trafalgar Asset...
UK - BC Partners and Apax involved in £2.2bn healthcare deal
Network Healthcare Holdings (Netcare) has announced its acquisition of a controlling interest in leading UK private hospital group, General Healthcare Group Limited (HG), from BC Partners. Netcare is supported by a consortium of investors including Apax...
DENMARK - Nangate secures $10m funding
Nangate has raised $10m in series-A financing from a consortium of investors, including Vaekstfonden, IVS and SEED Capital.
UK - Barclays Ventures exits PropertyFlow
Barclays Ventures has sold its stake in PropertyFlow (deal value not disclosed) to Canadian company MacDonald Dettwiler and Asssociates (MDA). The exit will generate an IRR of 208% for Barclays Ventures. As part of the transaction the Propertyflow management...
UK - The Capital Fund invests in infusion device
A new high accuracy, low cost infusion pump that also has a range of applications in laboratories and the food and chemicals industries, has attracted £250,000 funding from The Capital Fund.
UK - 3i and Doughty Hanson back former Egg executives in new startup
Founding CEO of Egg plc and First Direct, Mike Harris, and former Egg CIO Tom Ilube, have announced the creation of a new consumer company pioneering a range of services to help give people real power over their personal information in the digital world....
SWEDEN - Provider sells Tradera to eBay for SEK 365m
Provider funds, together with remaining shareholdes, has divested Tradera.com, Sweden’s largest market place for internet based auctions. The buyer is eBay, paying SEK 365m in cash plus acquisition costs, net of payments for working capital.
SWEDEN - Effpower secures SEK 120m funding
Effpower AB has received SEK 120m in financing from existing investors Volvo Technology Transfer, Gylling and Industrifonden and new investors Adolf Lundin and Leif Kristensson.
NORWAY - Alliance Venture sells Net4Call to Oracle
Oracle has acquired Oslo-based Net4Call from Alliance Venture, the managing director and other employees. The value of the deal has not been disclosed.
UK - Oxford Capital Partners invests in Inetec Ltd
Oxford Capital Partners, the Oxford based venture capital firm focused on science and technology companies, has announced its investment in Inetec Ltd. Inetec Ltd is a developer of waste-to-renewable-energy projects in the industrial food manufacturing...
UK - Debenhams lined up for £3bn IPO
The department store group Debenhams is being lined up for a return to the stock market with a price tag of up to £3bn, little more than two years after being taken private by a private equity consortium comprising CVC Capital Partners, Merrill Lynch...