Deals
VC-backed Cardio3 announces IPO plans
Belgian biopharmaceutical company Cardio3 Biosciences, which is backed by a consortium of venture capital firms, has announced that it is considering listing new shares in an IPO.
Aksìa sells Plastiape for €71m
Italian GP Aksìa Group has fully exited packaging solutions firm Plastiape Group, selling the company to PM & Partners for an enterprise value of €71m (around 7x EBITDA).
Lion cleared to sell Ad van Geloven stake to Avedon
Lion Capital has received clearance from the European Commission to sell a stake in Dutch frozen snack company Ad van Geloven to Avedon Capital Partners.
Mir Capital buys stake in Packer Service Group
Mir Capital has made its first investment with the acquisition of a non-controlling stake in Russian oil and gas solutions firm Packer Service Group.
Magnum Capital buys Iberchem
Spanish GP Magnum Capital has acquired a majority stake in Iberchem, a Spanish fragrances producer, from Capital Alianza.
Emerald Technology Ventures et al. back MetGen
Emerald Technology Ventures and several other backers have invested in a series-A financing round for MetGen Oy, a Finnish industrial biotech company.
Industrifonden and Innogy invest in Mantex
Industrifonden and Innogy Ventures have invested SEK 30m in Mantex, a moisture measurement technology company.
Creandum et al. back Dexplora
Creandum, DN Capital and 12 angel investors have injected $1.2m into Dexplora, a Swedish app developer.
Maj takes a bite out of Sticks'n'Sushi
Maj Invest Equity has acquired 49% of Danish sushi restaurant chain Sticks'n'Sushi.
Gores acquires FTO subsidiary Etrali
The Gores Group has bought Etrali, the business services and trading solutions subsidiary of France Telecom-Orange (FTO).
General Catalyst et al. invest $12m in YPlan
General Catalyst Partners has led a $12m series-A funding round into British mobile start-up YPlan alongside existing investors Wellington Partners and Octopus Investments.
Weinberg Capital Partners acquires CMFT
Weinberg Capital Partners-backed Climater has acquired Bordeaux-based group CMFT Heating, a company specialised in industrial heating, ventilation, and air conditioning (HVAC).
Riverside sells Oni to Altice
The Riverside Company has sold its 60.9% stake in Portuguese telecommunications company Oni Telecom to investment company Altice.
French VCs inject €4m into Miliboo
Existing investor Auriga Partners has led a €4m funding round for French online furniture store Miliboo, alongside newcomers Naxicap and Sigma Gestion.
HTGF backs uberMetrics in series-A round
High-Tech Gründerfonds (HTGF) has invested a seven-figure sum in media-monitoring tool provider uberMetrics Technologies GmbH, alongside German mail-order specialist Klingel group.
CapMan completes Cardinal Foods exit
CapMan has completed the sale of Cardinal Foods to CapVest and a company formed by Swedish agricultural cooperative Lantmännen Group.
Private equity backers sell further 10% Rexel stake for €500m
The backers of electrical equipment supplier Rexel have offloaded a further 10% stake in the company for €500m, following up on a previous partial exit in February.
CD&R in potential Balfour and Rentokil deal
Clayton Dubilier & Rice is in talks over a potential merging of the office maintenance business of Balfour Beatty and Rentokil Initial.
DFJ Esprit et al. back extended £6.9m Horizon Discovery series-C
A consortium of venture capital firms and private investors has injected a further £6.9m into Horizon Discovery as part of the final close of the company's extended series-C round.
VC-backed Spotify acquires Tunigo
Creandum-backed Spotify has acquired Stockholm-based digital music business Tunigo from Swedish app developer Snowfish.
Rutland picks up Equistone’s AFI-Uplift
Equistone Partners Europe has offloaded AFI-Uplift to Rutland Partners in a deal that combines three companies for a total enterprise value of around £85m.
Serena Capital leads £10m round for WorldStores
Serena Capital and existing backers Balderton Capital and Advent Venture Partners have jointly invested £10m in a series-C funding round for UK-based online retailer WorldStores.
HgCapital sells ATC to Intertrust for €303m
HgCapital has sold Dutch fiduciary services firm ATC to corporate services business Intertrust for €303m, reaping a 2.2x money multiple.
Prime Ventures backs AppLift with €10m investment
Prime Ventures has invested €10m in a series-A funding round for a Berlin-based marketing platform for mobile games, AppLift GmbH.