Deals
PAI-backed Yoplait sale underway
A PAI spokesperson has confirmed the upcoming start of the sale process, according to media reports.
Sun European acquires Maxeda departments
Sun European Partners has acquired the V&D stores and La Place restaurants from Maxeda Retail Group.
JC Flowers to inject €450m into Banca Cívica
American private equity firm JC Flowers is said to be in the final stages of an agreement with Spain's Banca Cívica to supply the firm with €450m of convertible debt securities.
KKR on the lookout for Chrysalis
KKR is among the potential buyers for British music publisher Chrysalis, according to media reports.
PAI Partners in talks with SOS
PAI Partners could come to the rescue of SOS Corporación Alimentaria by providing the firm with the capital increase it requires to refinance its debt.
Big guns circle CVC-backed Mivisa
Five prominent buy-out houses are circling Mivisa, the portfolio company of their private equity rival CVC Capital Partners.
US and UK law firms announce combination
US-based Squire, Sanders & Dempsey L.L.P. and UK-based Hammonds LLP have combined to create a new global legal practice.
Sources: Lion Capital could buy Restauravia
British private equity firm Lion Capital has expressed an interest in buying restaurant chain Restauravia from current owners Corpfin, according to sources.
Ratos sells stake in Lindab
Ratos has sold 8.85m shares in Lindab International AB for SEK 867m, giving the investor an exit profit of approximately SEK 540m.
Augur Capital buys LRI Invest
Augur Capital has acquired the service-oriented investment and fund administration company LRI Invest from Landesbank Baden-Württemberg for an undisclosed amount.
Ibersuizas said to have sold MD Anderson
Ibersuizas is thought to have finalised its sale of MD Anderson España, the Spanish subsidiary of the MD Anderson Cancer Centre of Houston, according to reports.
Rhea Venture acquires DentIstanbul
Rhea Venture Capital Investment Trust has wholly acquired Turkish dental care provider DentIstanbul from Global Environment Fund (GEF).
Permira and AXA P.E. circle private equity-backed Opodo
Permira and AXA Private Equity are among the potential buyers of Opodo, the online travel unit of Amadeus IT Holding, according to sources.
BC-backed Fitness First sells off Dutch arm
BC Partners-backed gym chain Fitness First has sold the Dutch arm of its business to fitness club operator HealthCity International.
Apax tech disposal marks venture exit
Apax Partners has sold much of its remaining venture portfolio, marking its exit from European early-stage investing. While it was once one of the largest investors in UK venture, the firm has been winding down its early-stage operations for many years.
IQ Capital et al. invest £3.83m in Sirigen
A consortium of investors led by IQ Capital has injected £3.83m in UK medical equipment company Sirigen.
Matrix acquires stake in RDL
Matrix Private Equity Partners has invested £5m in recruitment specialist RDL, according to reports.
Eqvitec sells Frends Technology
Eqvitec has sold its stake in Frends Technology Oy to HiQ, a Nordic consulting company, for €3.5m.
Industry Investment et al. invest in Valmet
Finnish Industry Investment and Pontos Group have provided €20m of expansion capital for electric vehicle developer and manufacturer Valmet Automotive.
Doughty Hanson to buy Vue for £450m
Doughty Hanson is to acquire UK cinema chain Vue Entertainment from its management, Cavendish Square Partners, and Och-Ziff Capital Management Group funds, in a deal that values the company at £450m.
Naxicap backs Groupe MJA
Naxicap has provided French communication agency Groupe MJA with growth capital funding of an undisclosed amount.
Vaaka Partners exits Nab Labs
Vaaka Partners, formerly Pohjola Capital Partners, and Inveni Capital have sold their stakes in Nab Labs.
The Silver Lining
The cost of the recession to private equity has been all too evident, but is there a silver lining? As we move into a period of increased movement on the exit front, some investors believe a greater understanding of what makes portfolio companies tick...
3i sale of Hyva enters second round
3i’s sale of Dutch hydraulic cylinder producer Hyva has entered the second round, with private equity firms and trade buyers among the bidders, according to reports.