Deals
ProA buys Ambuibérica in all-equity deal
Spanish private equity firm ProA Capital has acquired an 85% stake in ambulance company Grupo Ambuibérica as part of an all-equity deal.
CNPEF and Fondamenta sell 50% of Ares Line
Cape Natixis Private Equity Fund (CNPEF) and Fondamenta SGR have sold a 50% stake in Ares Line S.r.l. for approximately €5m equity.
Perceva Capital recapitalises Shark
Perceva Capital has recapitalised French motorcycle helmets manufacturer Shark, in a deal that values the company in the €25-50m range.
PE-backed IPOs: Set for a comeback?
The difficulties encountered by private equity-backed IPOs in 2010 reignited the debate on the public markets’ cautious attitude towards such assets. A seminar hosted by Taylor Wessing today saw industry participants discuss what is on the cards for...
Northzone and Amadeus back Nyx
Northzone Ventures and Amadeus Capital have invested SEK 100m in Ludvika-based Nyx Security.
Carlyle buys The Foundry from Advent Venture
The Carlyle Group has acquired visual effects software developer The Foundry Visionmongers from Advent Venture Partners and other stakeholders.
Mid Europa Partners getting ready to exit Orange Austria
Mid Europa Partners is reported to be looking to sell its 65% stake in Orange Austria to France Telecom, which already holds 35% of the mobile phone service provider.
CapMan’s Cardinal Foods sells Norsk Kylling
CapMan’s portfolio company Cardinal Foods has sold its subsidiary Norsk Kylling to REMA Industrier.
EQT looking to float Kabel BW
EQT is thought to be planning a flotation of cable provider Kabel BW on the Frankfurt stock exchange.
FII sells Switch Engineering
Finnish Industry Investment (FII), VNT Management and other shareholders have sold The Switch Engineering Oy to American Superconductor Corporation for €190m.
CCMP-backed Edwards to launch IPO
Edwards Group, a portfolio company of buyout and growth investor CCMP Capital Advisors, has announced its intention to list on the London Stock Exchange.
Gimv invests €60m in PinguinLutosa
Gimv has made a €60m PIPE investment in listed Belgian frozen food producer PinguinLutosa.
Gimv sells Scana Noliko to PinguinLutosa for €155m
Gimv has fully exited Belgian canned food producer Scana Noliko in a €155m trade sale to listed company PinguinLutosa.
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.
Parcom buys Hobré Instruments
Parcom Capital has acquired Hobré Instruments, a major UK company in the design and manufacture of online analysers, sample systems and complete turnkey analyser systems.
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 Malmö-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.