Deals
AXA buys BoA's $1.9bn private equity secondary interests
AXA Private Equity has acquired Bank of America's(BoA) $1.9bn portfolio of limited partnership interests in private equity funds, as the bank seeks to divest its non-core private equity investments.
CA Private Equity injects €4m into oclio
Crédit Agricole (CA) Private Equity has invested €4m in oclio, an online puericulture company.
OpenGate acquires Kotka Mills
Global private equity investor OpenGate Capital has acquired the Kotka Mill division of Finnish wood and paper products manufacturer Stora Enso, for total consideration of up to €24m in cash and earnouts.
VC-backed Clear2Pay acquires Jware
Belgian provider of payment solutions Clear2Pay has acquired Jware Technologies, an internationally operating software technology provider of eCommerce and mobile payment solutions.
Recovery fund: releasing the shackles of debt
ICG’s new recovery fund specifically supports companies chained down by over-leverage, rather than loss-making businesses that require a complete turnaround. Francinia Protti-Alvarez investigates
Private equity bidding for RBS' WorldPay
Recent press reports suggest that private equity parties will figure strongly in the second round of bidding for RBS’ payment processing business WorldPay.
MMC Ventures invests in Creativity Software
MMC Ventures has provided growth financing to mobile telecommunications software designer Creativity Software in return for a significant minority stake.
August-backed Enara pushes on build-up
August Equity LLP-backed home care provider Enara Group has completed the acquisition of six add-ons: Village Homecare Services (Wales), Somebody Cares, Community Careline Peacehaven, Care 4 Agency, Homelink Care Services and Capital Care.
West of England Trust buys back shares from 3i for £9m
West of England Trust Ltd has bought back its shares from 3i for £9m.
Trilanctic in sale talks over MW Brands
Media reports suggest that private equity firm Trilantic Capital Partners has allegedly launched talks with banks over the possible sale of canned seafood firm MW Brands.
Maven invests £2m in Neolab
Maven Capital Partners has invested £2m in Neolab Limited to fund the company's growth.
PE interested in Evershot
Media reports suggest that CVC Capital Partners and a consortium of Morgan Stanley Infrastructure, 3i Infrastructure and Star Capital have put forward bids in the £2bn auction of HSBC’s UK rail unit Evershot.
Bank of Ireland sells 50% of private equity unit
The Bank of Ireland is reportedly selling 50% of fund-of-funds private equity investor, Paul Capital, as it works to raise €3.3bn to meet regulatory solvency requirements.
HenQ Invest leads round for Libersy
Dutch VC, HenQ Invest has led a round of financing for software company Libersy, alongside a group of existing shareholders.
Avenir invest in Estivel
Avenir Entreprises has staged an LBO of Estivel alongside Alban and Lise Maurial, the company founders, a luxury real estate agency focused on the Aquitaine region in France.
Siparex et al in €2m round for Aztec
A group of investors including Rhône-Alpes Création, Expansinvest, Siparex et Haute Savoie Demain have injected €2m in Aztec.
Kernel Capital et al. invest in ChipSensors
Kernel Capital has led Enterprise Ireland and London-based ETV Capital in a €2m investment in developer of microchip manufacturer, ChipSensors.
Private Equity investors court clothing retailer Phase Eight
Lloyds Development Capital, Inflexion and Change Capital have held discussions to acquire UK clothing retailer Phase Eight, according to media reports.
Reiten & Co divests Factor to Pareto
Norwegian buyout house Reiten & Co has exited Factor Insurance Group through a trade sale to financial services company Pareto.
AXA PE backs SynerLAB build up
AXA Private Equity has supported its portfolio company The SynerLAB Group in the acquisition of Pharmaster, a third party manufacturer in sterile, liquid preservative-free forms.
Amadeus IPO pushes on
BC Partners and Cinven-backed travel reservation specialist Amadeus has confirmed that its listing is to go ahead as scheduled for 29 April.
Private equity shows interest in Avolon
Press reports today suggest that CVC, Cinven and Oak Hill Capital Partners are poised to take a joint controlling stake in the Irish aircraft leasing business Avolon in a deal worth over $500m.
LDC backs United House expansion
Mid-market firm LDC has backed the expansion of United House, the social and private housing specialist.
CAPE-backed Chromavis acquires Durlin France
Cimino e Associati Private Equity (CAPE)-backed B2B cosmetics company Chromavis has wholly acquired Durlin France from de Bergerac NC (which is in turn state-owned via the Societe Nationale des Poudres et Explosives).