Deals
Iris and Elaia invest €1.3m in Adomik
Iris Capital and Elaia Partners have injected €1.3m in a series-A funding round for Paris-based ad-exchange adviser and analysis platform provider Adomik.
Ventech leads €3.1m round for Sticky Ads TV
Ventech and previous backer Isai have provided French online advertising agency Sticky Ads TV with €3.1m of growth capital.
BonitaSoft raises $13m in series-C round
CDC Entreprises, investing via the state-backed FSN PME vehicle, has led a $13m series-C funding round for French software firm BonitaSoft.
Sun-backed Atmosphere goes into administration
Atmosphere Bars and Clubs, a UK-based portfolio company of Sun European Partners, has gone into administration.
GMT and Veronis buy IT-Ernity from Nedvest
GMT Communications Partners and Veronis Suhler Stevenson have bought a majority stake in IT-Ernity from Nedvest Capital.
Earlybird Venture et al. invest $2.8m in Versus IO
Earlybird Venture Capital, 500 Startups, High-Tech Gründerfonds (HTGF) and two angel investors have backed product comparison platform Versus IO in a $2.8m series-A funding round.
Nordic private equity hushed but hopeful
Nordic PE
Sofina leads €25m round for Privalia
Belgian investor Sofina has led a €25m funding round for Spanish clothing sales club Privalia Venta Directa.
AnaCap sells Cabot to JC Flowers
AnaCap Financial Partners has sold Cabot Credit Management (CCM) to JC Flowers in a secondary buyout worth a reported £800m.
BlackFin backs finanzen.de
BlackFin Capital Partners has invested in finanzen.de AG, taking a majority stake in the business.
HIG kicks off Nordic activity with Freedom Finance buyout
HIG Europe has completed its first investment in the Nordic region with the acquisition of consumer loan broker Freedom Finance Nordic.
Bayside and LBO France inject fresh money into Consolis
Bayside Capital and owner LBO France have respectively injected €45m of new debt and an equal amount of fresh equity into the refinancing of Belgian concrete manufacturer Consolis.
Inventure and Nexit back $5.2m round for Rightware
Inventure and Nexit Ventures have reinvested in Finnish user interface software developer Rightware, which has closed its $5.2m series-B funding round.
Arkea Capital and SGCP buy 20% of Piriou
Arkea Capital Investissement and Société Générale Capital Partenaires (SGCP) have each acquired a 10% stake in French ship builder Piriou from Jaccar Holdings.
Valar Ventures leads $6m round for TransferWise
Valar Ventures, which was set up by Facebook’s first outside investor and Paypal co-founder Peter Thiel, has led a $6m series-B funding round for London-based currency exchange site TransferWise.
PE and trade players neck-and-neck on mid-market pricing
Mid-cap valuations
SEP backs €16m Mister Spex round
Scottish Equity Partners (SEP) has joined a €16m round of funding for German online optician Mister Spex.
3i sells HTC Sweden to Polaris Private Equity
3i has sold its 36.5% stake in flooring solutions manufacturer HTC Sweden to Polaris Private Equity.
PAI partners sells FTE Automotive to Bain, reaps 3.3x overall return for fund III
PAI partners has agreed to sell its 90% stake in German hydraulic clutch and brakes provider FTE Automotive to Bain Capital in a secondary buyout.
Growth capital dealflow ebbs in Q1
Emphasising the pervasive nature of the activity decline in the first quarter of 2013, deal volume in the expansion category recorded a drop commensurate with that of the buyout market.
LDC sells Eve Trakway to Ashtead
LDC has sold temporary traffic systems and management supplier Eve Trakway to rental equipment provider Ashtead Group plc for £28m, a 2.5x multiple on the firm’s original investment.
EQT to acquire IP-Only for SEK 680m
EQT has agreed to acquire IP-Only Telecommunication AB, a Swedish fibre-based data communication provider.
Equita acquires MEN Mikro Elektronik
German private equity house Equita has acquired MEN Mikro Elektronik, an embedded electronics manufacturer, in a deal that values the company at €25-50m.
Oakley Capital sells Headland for £15.5m
Oakley Capital Investments has sold news services provider Headland Media Ltd to KVH Industries in a deal that gives the firm an enterprise value of £15.5m.