Deals
DFJ leads £5m investment in SportPursuit
DFJ Esprit has led a ТЃ5m investment round for SportPursuit, a UK sport flash sales site.
German PE tempted by allure of Luxembourg LPs
With a government promising to keep industry regulation fine-tuned to the benefit of its denizens, Luxembourg has become a hotspot for GPs in post-AIFMD Europe. Ellie Pullen reports
Creandum backs Fitbay
Creandum has injected $400,000 in an angel round for Fitbay, a social network for online clothes shopping.
DVCM acquires IT Invest
Da Vinci Capital Management (DVCM) has acquired a 63% stake in Russian online broker IT Invest and increased the company’s capital to RUB 350m.
Kantox raises further €6.5m
Partech Ventures and Idinvest Partners have led a тЌ6.5m series-A funding round for Peer-to-peer FX trading platform Kantox, with support from existing backer Cabiedes & Partners.
Duke Street sells Marlin to Cabot for £295m
Duke Street has sold UK debt purchaser Marlin Financial Group to Cabot Credit Management (CCM) in a deal valuing the company at ТЃ295m.
Italian GPs cash in as valuation gap narrows
Last year was challenging for Italian private equity; fundraising remained low and exits were few and far between – though stuttering deal volume was punctuated by a handful of large buyouts, boosting deal value. But it wasn’t all bad. Amy King reports...
Ratos' Bisnode picks up Debitor Registret
Swedish business-information firm Bisnode, a portfolio company of Ratos, has acquired Debitor Registret (DBR), a Danish credit information company.
Arx and Darby acquire Gramex
Arx Equity Partners and Darby Private Equity have acquired Hungarian bottle manufacturer Gramex 2000 Kft.
Mid Europa sells TMCZ for €828m
Mid Europa Partners has sold its 39.23% stake in T-Mobile Czech Republic (TMCZ) to Deutsche Telekom for a total consideration of €828m.
Sequoia leads $18.8m round for Truecaller
Sequoia Capital has led an $18.8m series-B financing round for Stockholm-based Truecaller, a mobile number verification directory.
Epidarex leads £4m investment in EMI
Epidarex Capital (formerly Rock Spring Ventures) has taken part in a ТЃ4m series-A funding round for Edinburgh University spinout Edinburgh Molecular Imaging (EMI).
T-Venture backs Teqcycle Solutions
T-Venture has led a funding round for Teqcycle Solutions, a Munich-based provider of mobile device trade-in solutions.
Deal in focus: Montezemolo, Amadeus and Keensight sell Octo
Octo Telematics' backers, seeking a buyer for the Rome-based firm, profited from Renova Group's appetite for high-tech investments relevant to the Russian market.
MIF invests €1.2m in MI Airline
Mainport Innovation Fund (MIF) has injected €1.2m into MI Airline, the Dutch developer of a tablet app for airline cabin crews.
VC-backed Egalet raises $50.4m in IPO
VC-backed UK pharma Egalet has raised $50.4m in its IPO on the Nasdaq, giving the company a market cap of $166.8m.
VC-backed Circassia to float on LSE
Circassia, a UK allergy treatment developer backed by several investors, has announced its plans to float on the London Stock Exchange (LSE) next month.
Corsair's NoteMachine secures £76.5m refinancing
GE Capital and Ares Management have arranged unitranche facilities worth ТЃ76.5m for the refinancing of Corsair Capital-backed NoteMachine.
BerGenBio secures further NOK 75m
Norwegian oncology biopharma BerGenBio has raised a further NOK 75m (approximately $12.5m) from a syndicate of new and existing investors.
Deal in focus: KKR nets Hertha Berlin
Private equity behemoth KKR acquired an equity stake of 9.7% in German football club Hertha BSC last week, one component of the €61.2m investment from its $2bn Special Situations fund.
Artemis et al. invest £2m in Atterley Road
Artemis and several private investors have injected ТЃ2m into Atterley Road, a UK-based fashion e-commerce site and brand.
SEP et al. sell Zinwave to McWane
US manufacturing company McWane has acquired venture capital-backed Zinwave, a UK provider of in-building wireless coverage infrastructure.
Syntaxis invests in BIK Brokers
Central European mezzanine provider Syntaxis Capital has invested in Polish motor insurance business BIK Brokers.
August's Rixonway in £15m refinancing
August Equity portfolio company Rixonway Kitchens, a UK-based kitchen manufacturer, has completed a refinancing of more than ТЃ15m.