Deals
NPRF offloads €800m PE portfolio to Lexington
The National Pensions Reserve Fund of Ireland (NPRF) has sold around €800m of global private equity fund interests to secondaries firm Lexington Partners.
Index injects $21m into The Cambridge Satchel Company
Index Ventures has invested $21m in satchel maker The Cambridge Satchel Company.
RDIF and EBRD back Cotton Way
The Russian Direct Investment Fund (RDIF) and the European Bank for Reconstruction and Development (EBRD) have invested RUB 3.6bn ($109m) in Cotton Way, a Russian textile and laundry rental company.
Creandum et al. back PlayRaven
Creandum and London Venture Partners (LVP) have taken part in a $2.3m (€1.7m) funding round for Finnish game developer PlayRaven alongside angel investor Jari Ovaskainen.
HgCapital becomes fifth PE backer of Zenith
HgCapital has acquired car rental company Zenith Vehicle Contracts Group from Morgan Stanley Global Private Equity (MSPE).
VC-backed Egalet files $45.5m IPO
UK-based pharma company Egalet, backed by a consortium of venture capital firms, is seeking to raise up to $45.5m in its IPO on the Nasdaq.
VC-backed Ziebel raises $10m
Corporate venture funds ConocoPhillips Technology Ventures and Chevron Technology Ventures have led a $10m round for Ziebel, a Norwegian oil services company.
Sovereign’s Cordium picks up HedgeStart
Sovereign Capital has backed Cordium’s acquisition of HedgeStart as it continues its buy-and-build growth strategy.
North West Fund backs BMWQ
The North West Fund for Digital and Creative, managed by AXM Venture Capital, has invested in BeatMyWasteQuote.com (BMWQ), a UK-based B2B online switching platform for waste disposal services.
Balderton et al. invest $14m in Lyst
Balderton Capital has led a $14m series-B funding round, alongside existing backers DFJ Esprit and Accel Partners, for Lyst, a London-based fashion e-commerce site.
Invision and Hypo cut razor deal
Invision Private Equity and Hypo Equity have sold German razor blade manufacturer Feintechnik to US corporate ADKM.
Deal in Focus: Herkules acquires Didriksons
Herkules Capital’s acquisition of Didriksons, a Swedish functional clothing brand, highlights the growing appeal of Nordic sportswear for consumers.
Apax takes full control of Trader Media
Apax Partners has acquired a further 50.1% stake in Guardian Media Group’s (GMG) Trader Media Group (TMG), securing full control of the company.
Nesta Impact fund deploys £2m in first investments
Nesta Investment Management has made its first social impact investments, deploying £2m across four businesses.
Hutton Collins injects €50m into Dedalus
Hutton Collins has made a €50m investment in Dedalus, an Italian healthcare IT systems provider, along with a further €15m from co-investors.
Albion pours £3.1m into hydro project
Albion Ventures has invested £3.1m into Green Highland Renewables (GHR), a Perth-based developer of hydropower schemes.
Partech et al. back Vodkaster
Partech Ventures, Elaia Partners and 3T Capital have injected €1.2m into Vodkaster, a French social media site for cinema.
Segulah acquires KP Components
Segulah has agreed to acquire Danish metal components provider KP Components.
KKR injects €100m into Gruppo Argenta
KKR has made a debt and equity commitment of around €100m to vending machine firm Gruppo Argenta to stabilise its capital structure and provide growth capital.
CapMan acquires The North Alliance
CapMan has agreed to invest in The North Alliance (NOA), a network of seven communication, design and technology companies in the Nordic region.
Adelis acquires NGI
Adelis Equity Partners has acquired a majority stake in NGI, a Danish manufacturer of stainless steel levelling feet, via its first fund.
Abraaj buys Turkish dairy business Yörsan
The Abraaj Group has taken a majority stake in the buyout of Yörsan Group, a Turkish manufacturer and distributor of dairy products.
Omnes divests Emalec in management buy-back
Omnes Capital has sold its stake in Emalec Développement, a French multi-site maintenance specialist, to the company’s management, which now has full control of the business.