Deals
Terra Firma's Deutsche Annington holds off on IPO
German housing company Deutsche Annington Immobilien (DAI), which is backed by Terra Firma Capital Partners, has reportedly postponed its €1.1bn IPO on the Frankfurt Stock Exchange due to low investor demand.
Axa PE-backed Saur in debt-for-equity swap
Saur, a French water company backed by Axa Private Equity and sovereign wealth fund FSI, will be taken over by its lenders later this month.
Carlyle picks up Oaktree's Chesapeake
Carlyle has acquired packaging company Chesapeake from Irving Place Capital and Oaktree Capital Management.
MAIP exits Red Bee Media to Ericsson
Macquarie Advanced Investment Partners (MAIP) has sold UK-based media company Red Bee Media to Swedish communications technology company Ericsson.
IK sells off Dynea divisions
IK Investment Partnersт portfolio company Dynea Chemicals has sold its Norwegian division Dynea to Eltek Holding.
Albion exits Opta for £40m, reaps 3x money
Albion Ventures has divested its stake in London-based Opta, a provider of sports data and analysis, to trade player Perform Group for ТЃ40m, reaping a 3x money multiple.
Nord Holding exits Goebel
Nord Holding has sold German paper manufacturing business Goebel Schneid-und Wickelsysteme (Goebel) to engineering group IMS Deltamatic.
L Capital acquires CellularLine
L Capital and DVR Capital have jointly bought a 57% stake in CellularLine, a provider of accessories for smartphones and tablets, from the company’s founders.
Phenomen Ventures backs Delivery Hero
Russian VC Phenomen Ventures has led a $30m series-D financing round for Delivery Hero, an online food ordering platform.
Principia backs Im3D with €2m
Italian VC investor Principia has injected €2m into oncologic medical imaging company Im3D Clinic Sud.
Frog divests GB Group
Frog Capital has sold its stake in AIM-listed GB Group, a software company specialising in ID verification.
Herkules acquires majority stake in PTC
Herkules Capital has acquired a majority stake in Stavanger-based oil services firm Petroleum Technology Company (PTC).
Odyssée et al. back eNovance
Odyssée Ventures and Entrepreneur Venture have backed eNovance, a provider of open-source cloud computing, with a €6m investment alongside banks BNP Paribas and Oséo.
CVC-backed Matas in €630m IPO
Matas, a Danish beauty products retailer backed by CVC, has listed on the Copenhagen stock exchange.
Maven injects £3.8m into Lambert Contracts
Maven Capital Partners has invested ТЃ3.8m in Paisley-based Lambert Contracts.
LDC backs £62m Angus Fire MBO
LDCтs Manchester office has supported the ТЃ62m management buyout of Angus Fire from NYSE-listed United Technology Corporation (UTC).
VC-backed Prosensa raises $78m in IPO
Dutch biotechnology company Prosensa Holding, which is backed by a consortium of venture capital firms, has listed on the Nasdaq Global Select Market in an IPO valuing the business at $408m.
KCP backs WHP Projects
Key Capital Partners has led a ТЃ3m investment in WHP Projects, a provider of support services to the UK mobile phone industry.
Arkex raises $15m from 4D Gea
Non-seismic geophysical imaging provider Arkex has raised $15m from 4D Global Energy Advisors (4D Gea).
Auriga reaps 33x multiple on Neolane exit
Auriga Partners has realised a substantial 33x money multiple on its exit from Paris-based Neolane to Adobe for $600m.
Octopus backs UltraSoC
Octopus Investments has invested a further $2.3m in a series-B funding round for UltraSoC, a UK-based provider of system-on-chip infrastructure (SoC).
Heptares raises $21m from Clarus and Takeda
Venture capital firms Clarus Ventures and Takeda Ventures have backed a $21m round for UK-based drug discovery and development company Heptares Therapeutics, alongside the Stanley Family Foundation.
Index leads $38m NumberFour funding round
Index Ventures has led a $38m series-A funding round for business software company NumberFour.
Bridgepoint offloads Permaswage for $600m
Bridgepoint has sold aerospace component business Permaswage to Precision Castparts Corp (PCC) for $600m.