Deals
CVC's Evonik begins listing process in Frankfurt and Luxembourg
CVC-backed Evonik Industries has begun its much anticipated listing process by issuing its 466 million shares simultaneously in Frankfurt and Luxembourg.
Argos Soditic buys Natural Distribution
Argos Soditic has backed the buy-in management buyout (BIMBO) of UK-based food supplements specialist Natural Distribution.
Wellington invests €4m in €18.2m Genticel series-C
Wellington Partners has injected €4m into French vaccine developer Genticel as part of an €18.2m series-C funding round alongside existing shareholders.
Main Capital acquires Connexys
Main Capital Partners has acquired a majority stake in Dutch software company Connexys.
ICG buys Euro Cater from Altor
Intermediate Capital Group (ICG) has bought Danish food service company Euro Cater in a secondary buyout from Altor Equity Partners and inco Amba.
BayBG joins HTGF and Bayern Kapital in €1m GME series-A
BayBG has joined existing investors High-Tech Gründerfonds (HTGF) and Bayern Kapital in a €1m series-A round for German laser and light systems provider German Medical Engineering (GME), alongside private investors.
Intel Capital et al. back $12m Gengo funding round
Intel Capital, Iris Capital, Infocomm Investments, NTT Docomo Innovation Ventures, ST Ventures and Atomico have invested in a $12m series-B funding round for Tokyo-based translation platform Gengo.
Warburg Pincus buys stake in Inea
Global private equity firm Warburg Pincus has acquired a minority stake in Polish cable operator Inea SA.
Seventure Partners invests €2.5m in Personal MedSystems
Seventure Partners has invested in German mobile medical equipment company Personal MedSystems, alongside High-Tech Gründerfonds, as part of a €2.5m series-A financing.
Q1 activity hits five-year low
The UK & Ireland’s first-quarter activity levels are at their lowest level for five years, according to the latest research from unquote” data.
Mobeus finances ATG Media's acquisition of BidSpotter
Mobeus has financed its portfolio company ATG Media's bolt-on of US-based online auctions business BidSpotter for £4.5m.
Beringea exits Tossed
Beringea has sold UK-based restaurant group Tossed to the business's management and Gemini Restaurants Ltd.
Aquiline buys Equity Insurance Group
US investor Aquiline Capital Partners has acquired Brentwood-based motor insurer Equity Insurance Group from Insurance Australia Group.
Blumberg et al. in new funding for Kreditech
Blumberg Capital, Point Nine Capital and H2 Investments have been joined by the new Samwer brothers' start-up fund Global Founders Capital in a new funding round for German business Kreditech.
NorthEdge acquires Help-Link
NorthEdge Capital has acquired a stake in Leeds-based central heating specialist Help-Link UK Ltd.
Betfair rejects CVC-led £912m takeover bid
A £912m takeover offer led by CVC Capital Partners has been rejected by UK–based online gambling business Betfair.
LDC backs £50m MBO of D&D
UK-based LDC has acquired restaurant group D&D London in a £50m management buyout.
Phoenix sells Letts Filofax
Phoenix Equity Partners has sold stationery products firm Letts Filofax to HSGP Investments, a holding company set up by the firm’s CEO Gordon Presly and Canadian stationery entrepreneur Harolde Savoy.
Bowmark buys Drake & Morgan
Bowmark Capital has backed the £30m management buyout of UK-based restaurants operator Drake & Morgan.
PE-backed Intelsat misses IPO target
Luxembourg-based satellite operator Intelsat SA, which is backed by BC Partners and Silver Lake Partners, fell more than $100m short of its target at yesterday’s close on the NYSE.
Carlyle backs Addison Lee
The Carlyle Group has invested in transportation and private hire firm Addison Lee in exchange for a majority stake in the company.
European Capital makes 1.8x on Scaff'holding exit
European Capital has sold its stake in France-based Scaff'holding for €7.2m, realising a 1.8x money multiple on its investment, representing an IRR of circa 13%.
CVC buys Ista back from Charterhouse
CVC Capital Partners has bought back German metering business Ista, in which it has held a stake since 2003, from Charterhouse Capital Partners for €3.1bn.
Apollo’s Taminco in disappointing stock exchange debut
Shares in Taminco, the Belgian chemical business backed by Apollo, dropped by around 8% to $14.05 yesterday, shortly after the firm listed on the New York Stock Exchange.