Deals
Sofinnova Partners backs Hookipa Biotech
Paris-based Sofinnova Partners has led a €7m series-A financing for biotechnology firm Hookipa Biotech.
Edmond de Rothschild offloads PE unit in MBO
La Compagnie Financière Edmond de Rothschild (LCFR) has sold its majority stake in the bank's funds-of-funds unit, Edmond de Rothschild Private Equity Select (Select), to Select's management.
Perceva Capital acquires 70% of Mariteam
Perceva Capital has acquired a 70% stake in French seafood specialist Mariteam.
Accel backs social shopping platform Carmine
Accel Partners has invested an undisclosed amount in subscription-based beauty website Carmine.
Equistone leads Unither MBO
Equistone Partners (formerly Barclays Private Equity) has backed the secondary MBO of French pharmaceutical company Unither from ING Parcom, CM-CIC Investissement and Picardie Investissement.
Chequers Capital acquires Cordenka
Chequers Capital has acquired Cordenka group from private equity house CVC, chemical producer Akzo Nobel and Acordis-Management.
PPM Oost invests in Dutch transmitter technology company
PPM Oost has invested and undisclosed amount in Ferm RFID, a technology company focused on radio frequency identification (RFID).
Penta Capital backs Six Degrees Group
Penta Capital has invested ТЃ60m in cloud service provider Six Degrees Group.
Gimv buys Walkro International
Gimv has acquired Walkro International, together with Monaghan Mushrooms, for an undisclosed amount from Bencis Capital Partners.
Primary buyouts resilient in Q3
Although market conditions remain difficult for private equity transactions across the spectrum, primary LBOs seem to have fared better than SBOs in the third quarter. Greg Gille reports
Aksia reaps 35% return on Robuschi exit
Italian private equity firm Aksia Group has achieved an IRR of more than 35% and a money multiple in excess of 4x on its sale of Robuschi, a manufacturer of blowers and pumps, to Gardner Denver.
Gresham-backed ICR Integrity makes first acquisition
ICR Integrity, a Gresham Private Equity-backed specialist in engineered composite repairs, has acquired North East Corrosion Engineers (NECE).
Industrifonden invests in Heliospectra
Industrifonden has invested SEK 10m in intelligent lighting developer and manufacturer Heliospectra.
Earlybird leads $10m series-B round for madvertise
Earlybird has led a $10m series-B round for mobile advertising specialist madvertise.
Gresham-backed JGG bolts on Rabbit Vocal Management
James Grant Group (JGG), a services provider owned by Gresham Private Equity, has acquired Rabbit Vocal Management, a major London-based voiceover management company.
Fortis buys part of Gilde stake in Roompot
Gilde Investment Management has sold part of its share in Dutch holiday park business Roompot Holding BV to Fortis Private Equity.
Agri Investment Fund CVBA invests in PinguinLutosa
Agri Investment Fund (AIF) has acquired KBC Private Equity’s stake in listed Belgian frozen vegetables specialist PinguinLutosa in a deal thought to be worth around €8.5m.
EQT exits VTI Technologies
EQT has sold Finnish motion sensor manufacturer VTI Technologies to Japanese electronics company Murata Manufacturing.
Orange Switzerland sale underway
France Telecom has launched the sale of its Swiss unit Orange Switzerland, reportedly attracting a number of private equity investors.
Deal volume and value plummets in third quarter
Deal activity levels fell by more than a third in Q3 2011 due to ongoing fears regarding the European debt crisis, according to the latest unquoteт Private Equity Barometer, in association with Arle Capital Partners.
SHS el al. provide €7m cash boost for LipoFIT
SHS Gesellschaft für Beteiligungsmanagement, KfW banking group and venture capital fund Bayern Kapital have injected an extra €7m in technology firm LipoFIT Analytic.
HTGF et al invest in CorTec
High-Tech Gründerfonds, Seedfonds Baden-Württemberg and K & S W Invest have invested in CorTec.
August backs Advanced Vetcare-Rowe buy-and-build
August Equity has invested in a buy-and-build platform with veterinary services businesses Advanced Vetcare and Rowe Veterinary Group to merge. The Enterprise Value of the deal was around ТЃ35m.
German web sector set to take off
Despite general low entry valuations for start-up companies in Germany, valuations of web related businesses are expected to rise due to a significant number of successful entrepreneurs-turned investors as well as newly launched funds on the market.