Deals
BaltCap acquires stake in Runway
BaltCap has acquired a 40.82% stake in business process outsourcing service provider SIA Runway.
BDC backs C2S MBO
Bridgepoint Development Capital has acquired a 51% stake in French clinics operator Compagnie Stéphanoise de Santé (C2S) for an undisclosed amount.
Intel Capital leads $12m round in Altobridge
Intel Capital has lead a $12m series-C funding round in wireless network solutions provider Altobridge.
Industrifonden et al. invest in Airec
Industrifonden and RWE Innogy have invested SEK 25m in MalmУЖ-based Airec AB.
IPW completes Altitude Software LBO
Spanish venture capital firm Investing Profit Wisely (IPW) has taken a 45% stake in Portuguese technology company Altitude Software as part of a management buyout.
Alven Capital injects €2.5m in Entropysoft
Alven Capital has provided French software company Entropysoft with €2.5m of growth capital funding.
CBPE backs HSBC Insurance buyout
Mid-market investor CBPE Capital has funded the acquisition of HSBC Insurance Management (HIM) for $27.5m.
Quantifying alpha
Alpha does indeed exist, and is strongest in private equity deals with active ownership; particularly when frequent interaction with - and even changing of - management is involved.
Friesland Bank Investments acquires Brakel
The investment arm of Friesland Bank, Friesland Bank Investments, has acquired Brakel Interieurgroep together with the management from building material supplier CRH.
Altor acquires E.ON ES
Altor has acquired a 90.5% stake in E.ON ES, an engineering and contracting company for the energy industry, from E.ON Sverige AB.
Diana and Axis exit GG
Diana Capital and Axis Participaciones have exited their stakes in Spain’s Grupo Guascor (GG), in a deal that values the diesel and gas engines supplier at €500m.
EdRIP takes 25% of Inventia
Edmond de Rothschild Investment Partners has acquired 25% of Inventia, the holding company of French cosmetics and cleaning products manufacturer Novamex.
Herkules acquires Norsk Jernbanedrift
Herkules has acquired a majority stake in Norsk Jernbarnedrift (NJD), a company that specialises in maintenance, construction and projects for railway infrastructure in Norway.
Perceva Capital recapitalises Shark
Perceva Capital has recapitalised French motorcycle helmets manufacturer Shark.
First Reserve signs off AED buyout
First Reserve Corporation has acquired a 45% stake in Ansaldo Energia, a major Italian producer of thermoelectric power plants, as part of a management buyout transaction.
Investinor et al. inject NOK 25m in Smartfish
Investinor has led a NOK 25m investment in Smartfish, a Norwegian biotech company that offers synergistic omega-3 based emulsions.
Rutland acquires Gems International
Rutland Partners has acquired a majority stake in Belgium-based GEMS International NV, which provides subsea technical analysis and surveying.
Ysios et al. invest €18m in Cellerix
Existing investors have invested a further €18m in Spanish biopharma Cellerix, prior to its merger with Belgium-based TiGenix.
Astorg-backed Metalor acquires NECC Coatings Division
Metalor Technologies, a Swiss portfolio company of Astorg Partners, has agreed to acquire NECC's Coatings Division in Asia for an undisclosed amount.
Bridgepoint acquires Médipôle Sud Santé
Bridgepoint Capital has acquired French clinics operator Médipôle Sud Santé for an undisclosed amount.
Corpfin sells Restauravia to AmRest
Corpfin Capital has sold its 76.3% stake in Spanish restaurant chain Restauravia Grupo Empresarial to Polish restaurant operator AmRest Holding.
AC Desarrollo-backed Geroresidencias-La Saleta acquires Secopsaleta
Geroresidencias-La Saleta, a portfolio company of AC Desarrollo, has acquired 100% of Secopsaleta, the business it co-founded in 2009.
Invercaria invests in IActive
Invercaria has invested €750,000 as part of a €3m funding round for Spanish technology company IActive.
Yoplait race narrows to six bidders
The sale process for PAI Partners's stake in French yoghurt maker Yoplait has narrowed to six candidates, according to media reports.