Deals
SWEDEN - Index- and Sequoia-backed Stardoll merges with Piczo
Online entertainment site Stardoll, which is backed by amoung others Index Ventures and Sequoia Capital, has merged with Piczo, a website dedicated to custom web publishing for teenagers.
GREECE - Marfin to to make EUR 62m Olympic acquisition
According to reports, Greek investment firm Marfin Investment Group is set to acquire Greek aircarrier Olympic Airlines in a deal valued at just over EUR 62m.
NETHERLANDS - PE-backed NXP to sell wireless chip division
Semiconductor business NXP, which is backed by KKR, Bain Capital, Apax Partners, AlpInvest Partners and Silver Lake Partners, is understood to have sold its wireless chip services business to French smart card provider Gemalto.
SWEDEN - HitecVision-backed Leirvik MT acquires competitor
HitecVision portfolio company Leirvik Module Technology, a supplier of prefabricated living quarters to offshore oil platforms, has acquired certain key assets of Emtunga Offshore, which went into insolvency in December last year.
UK - Rutland Partners interested in JJB Sports
According to reports, Rutland Partners is said to have made an approach to JJB Sports regarding a possible acquisition of the firms health and fitness arm.
POLAND - ARX backs pet retailer Kakadu
ARX Equity Partners, an independent firm spawned from DBG Eastern Europe, has acquired a majority stake in Polish retailer Kakadu Sp. z o.o.
UK - MVM buys stake in Alliance Pharma Plc
MVM Life Science Partners has acquired just over 9% of AIM-listed pharmaceutical company Alliance Pharma Plc.
NETHERLANDS - Waterland invests EUR 36m into BioMCN
Private equity firm Waterland has co-invested EUR 36m into alternative fuel manufacturer BioMCN as part of a co-investment in the business with sustainable energy company Econcern.
UK - LDC and Advent merge portfolio companies in £72m deal
LDC and Advent Venture Partners have merged their respective portfolio companies Snell & Wilcox and Pro-Bel, both broadcasting technology providers, in a deal valued at around ТЃ72m.
SWEDEN - Nordic Capital-backed Plastal files for bankruptcy
Nordic Capital-owned Plastal Holding AB, a supplier of parts to the European automotive industry, has declared insolvency and filed for bankruptcy.
FRANCE - 21 Centrale Partners to purchase Arjowiggins' security unit
21 Centrale Partners is in exclusive negotiations to purchase Arjowiggins' security unit for an enterprise value of EUR 350m. A pool of ten banks are reportedly working on organising debt to fund the acquisition.
GERMANY - Odewald KMU acquires Ebert Hera Holding
Odewald KMU has acquired the majority of Ebert Hera Holding for an undisclosed sum.
SWITZERLAND – EdRIF leads CHF 25m funding round for GlycoVaxyn
Edmond de Rothschild Investment Partners (EdRIF) has led a CHF 25m series-B funding round for vaccines company GlycoVaxyn SA, alongside existing investors Index Ventures and Sofinnova Partners.
SPAIN - Elaia leads EUR 5.5m Agnitio funding
Elaia Partners has led a EUR 5.5m series-B funding round for technology business Agnitio, alongside Nauta Capital, which lead the previous EUR 2.7m funding round in December 2007.
GERMANY – HTGF invests in sim4tec GmbH
High-Tech Gründerfonds has invested an undisclosed sum into sim4tec GmbH.
UK - PIF supports MG Electrical
Partnership Investment Finance (PIF), managed by YFM Venture Finance, has supported MG Electrical, a manufacturer of energy-saving lighting products, with a ТЃ60,000 loan.
UK - MMC invests 500,000 into Ibis Project Services
MMC Ventures has invested a further ТЃ500,000 in consultancy business Ibis Project Services Ltd.
UK - Foresight invests £5m into Vertal
Foresight Group has backed waste management business Vertal with an investment of ТЃ5m.
GERMANY - High-Tech Gründerfonds backs EBS
High-Tech Gründerfonds has, alongside investment bank Investitionsbank des Landes Brandenburg, provided seed financing for medical technologies company EBS Technologies GmbH.
UK - IQ and DN invest £1.8m into Dezineforce
IQ Capital and DN Capital, alongside several private individuals, have provided the second tranche of a ТЃ1.8m series-A funding round for web-based engineering design services business Dezineforce.
UK - Octopus completes £2.65m CSL refinancing
Octopus Investments has refinanced alarm systems supplier CSL Dualcom Ltd, providing a ТЃ2.65m interest-only term loan.
NORWAY - Herkules-backed NIG goes into administration
Herkules-owned home retailer Nordic Interior Group (NIG) has gone into administration. NIG consisted of three separate business units: TilBords, which was taken over by Herkules Private Equity Fund II last week prior to NIG's liquidation; Festival Engros,...
NETHERLANDS - BioGeneration and CAPE back FlexGen
BioGeneration Ventures and Crédit Agricole Private Equity have participated in a new round of financing for Dutch biotech company FlexGen.