Deals
FRANCE - Initiatives & Finances acquires SLAT MBO
Initiatives & Finances has signed an agreement to purchase SLAT, a power supplies company, from 3M in an MBO deal.
UK - Oakley Capital-backed Host Europe sells Vialtus for £42m
Oakley Capital Private Equity-backed Host Europe, a provider of website services, has sold one of its three operating divisions, Vialtus Solutions, to Freedom4 Group plc for ТЃ42m.
UK - Matrix reaps 4x money on £10m Tottel sale
Matrix Private Equity has wholly exited its investment in Tottel Publishing, a publisher of books on law, tax and information services, through a ТЃ10m trade sale to Bloomsbury Publishing.
UK - Braveheart et al. invest £250,000 into NXVision
Technology-focused investor Braveheart has led a ТЃ250,000 funding round for place-shifting technology company NXVision, alongside Scottish Enterprise, LINC Scotland and management.
UK - Foresight invests £4m into Crumb Rubber
Foresight Group has invested ТЃ4m into tyre recycling company Crumb Rubber Ltd.
UK - YFM invests £125,000 in Brandzoo
YFM Venture Finance, via its Partnership Investment Fund (PIF), has invested ТЃ125,000 into licensing agency Brandzoo.
Norway ventured, Norway gained
Government-backed LP Argentum has published its venture returns, showing that, despite common belief, stable and good returns can be made from venture investments. By Rikke Lilla Eckhoff
SWEDEN - InnKap et al. acquire 90% stake in Projectplace
Investor AB's venture arm, Investor Growth Capital (IGC), has, alongside InnovationsKapital and ViaVenture, acquired a 90% stake in Projectplace, a provider of web-based online collaboration tools. The three investors acquire a 30% stake each, while the...
GERMANY - BPE's Neumayer completes EUR 42m restructuring
Barclays Private Equity (BPE) portfolio company Neumayer Tekfor Group, a global automotive supplier, has undergone a financial restructuring that will see EUR 42m of new capital invested into the business.
GERMANY - Oaktree circles Bain's Bavaria
According to press reports, Oaktree is circling yacht builder Bavaria Yactbau, a portfolio company of Bain Capital.
NETHERLANDS - Updata invests $12.5m in RES Software
Updata Partners has backed RES Software, an Amsterdam-based provider of user workspace management software, with an investment of $12.5m.
UK - Royal Mail's partial stake sale to CVC put on hold
The British government is reportedly putting on hold plans to sell part of state-owned Royal Mail, citing the depressed state of financial markets and the lack of parliamentary debate time.
SPAIN - First Reserve-backed 9REN completes EUR 100m financing
First Reserve Corporation-backed renewable energy producer 9REN has completed the financing of a 14.7MW photovoltaic project in Southern Spain, raising over EUR 100m.
SWEDEN - Nordic Capital-backed Thule divests US towing operations
Nordic Capital-backed Thule, a provider of sports and utility transportation equipment, has divested its North American towing systems operations, including the brand Valley, through a management buy-out.
UK - Maven and Matrix back MBO of Westway
Maven Capital Partners and Matrix Private Equity have backed the management buyout of air conditioning provider Westway Cooling Limited, investing ТЃ2.55m and ТЃ1.54m respectively. The vendor rolled over ТЃ500,000 and Co-operative Bank provided term debt...
SWEDEN - SLS Invest backs Gyros with SEK 80m
Life science investor SLS Invest has, alongside Industrifonden, invested SEK 80m into Swedish biotechnology company Gyros. Following the transaction, SLS owns 88% of the company, while Industrifonden will take an 8% stake.
FRANCE - NexStage and Elaia invest EUR 4m in Climpact
NextStage has joined returning investor Elaia Partners in a EUR 4m investment into Climpact, a provider of climate information for business intelligence.
GERMANY - Steadfast Capital acquires Falk & Ross Group
Steadfast Capital has, alongside management, acquired a majority stake in clothing distributor Falk & Ross Group Europe GmbH for an undisclosed purchase price.
UK - EV leads £920,000 Xeros investment
Enterprise Ventures (EV) has led a ТЃ920,000 funding round for cleaning technology company Xeros Limited, alongside South Yorkshire Investment Fund, IP Venture Fund and business angels.
UK - Permira-backed Principal Hayley acquires two hotels
Hotel and conference group Principal Hayley, backed by UK buyout house Permira, has acquired two new properties to its group: London's New Connaught Rooms and The Glasgow Central Hotel.
DENMARK - EQT's Bodilsen files for insolvency
EQT portfolio company Bodilsen, a manufacturer of flat-packed furniture, has filed for bankruptcy after ongoing talks to save the business failed.