Deals
Apax set to lose stake in Panrico
The large banking syndicate holding debt in the Spanish bakery business Panrico looks likely to follow through with a debt for equity swap after attempts to re-finance the leverage package failed.
Argos Soditic buys Termoindustriale
ArgosSoditic has acquired a 70% stake in Italian industrial engineering specialist Termoindustriale.
Index Ventures et al. back GroupSpaces with $1.3m
Index Ventures and a consortium of business angels have invested $1.3m in online group management specialist GroupSpaces.
Waterland ups stake in Arseus
Waterland Private Equity has increased its stake in medical supplies and services company Arseus.
Triton acquires MCS division of Munters
Triton has signed an agreement to acquire MCS (Moisture Control Services), a division of Munters for a total deal value of SEK 1.3bn.
Advent and Turkven sell Roma Plastic
Advent International and Turkven Private Equity have sold Turkish manufacturer of PVC edge bands to Austrian wood manufacturing firm Egger.
DZ Equity Partners exits Electrovac
DZ Equity Partners is reported to have sold the Austrian Electrovac Group to Semikron International.
Life sciences: testing times ahead?
Pharmaceuticals and biotechnology have fared marginally better than other sectors during the global recession, but the last two years have still been lacklustre for private equity investments in life sciences. However, with a healthy number of deals already...
Leonardo Venture-backed GROHNO-Guss insolvent
Leonardo Venture today announced its portfolio company GROHNO-Guss has gone into administration.
Litorina-backed Semantix acquires Tamarind
Litorina’s portfolio company Semantix has acquired translation service provider Tamarind.
Sofinnova Partners et al. invest €13.7m in McPhy Energy
Sofinnova Partners, GimV and Amundi Private Equity have backed McPhy Energy with a €13.7m second round of funding, alongside historic investors
Intera invests in Toivonen Yhtiöt
Intera Equity Partners has invested in demolition and waste processing specialist Toivonen Yhtiöt.
Fouriertransform invests in El-Forest
Fouriertransform has invested SEK 20m through the issue of new shares in El-Forest AB.
Vækstfonden provides funding for EntomoPharm
Vækstfonden has taken a stake in EntomoPharm for an undisclosed amount.
Siparex exits Keria
Siparex has sold its entire stake in lighting products retailer Keria to the founder's family.
SAP Ventures backs Irish software developer Aepona
SAP Ventures has joined the $10m series-C funding of UK software developer Aepona, bringing the funding round to completion.
Maven backs £6m buyout of XPD8
Maven Capital Partners has backed the management buyout of UK-based software technology vendor, XPD8 Solutions.
Sovereign Capital acquires Tech Music Schools
Sovereign Capital has acquired a majority stake in Tech Music Schools (TMS), for an undisclosed amount.
UK Watch: 2010 activity ahead of 2009 at halfway mark
Large buyout activity in the UK has surpassed the whole of 2009 at the halfway mark, according to the latest unquote” UK Watch.
Chequers Capital buys Versatel Kabel for €66m
French private equity house Chequers Capital has acquired the cable network business Versatel Kabel from listed German network operator Versatel AG for €66m.
HgCapital acquires Teufel Speakers
HgCapital has acquired a majority stake in German speakers manufacturer Teufel from Riverside.
Fouriertransform invests SEK 28m in Alelion Batteries
Fouriertransform AB (FTAB) has invested SEK 28m in Alelion Batteries AB through a share issue.
IPO of EPiServer cancelled
Venture capital investors Amadeus Capital, Northzone Ventures and Monterro Holding have pulled plans to list portfolio company EPiServer.
Corporates trump private equity in European M&A
Private equity buyers continue to lag behind corporate buyers in the size of mergers and acquisition (M&A) deals executed in Europe, as cash-rich corporate players flex their muscles to offer both capital and synergies in the space.