Deals
Siparex stage OBO of Passman
Siparex has invested via an OBO deal in Passman, a company specialised in internet access solutions for the hotel industry.
Abris Capital to purchase Masterlease Polska
CEE-focused mid-market private equity group Abris Capital Partners is set to acquire Polish auto fleet management business Masterlease Polska for an undisclosed sum.
Better Capital acquires Reader's Digest UK for £13m
Better Capital has completed a second acquisition; the management buyout of the UK business of Reader's Digest in a transaction valued at £13m, which secures the future of the business.
Capital-E and Emertec Gestion join €6.6m round for Clean Mobile AG
Belgian VC Capital-E and French VC Emertec Gestion have participated in a €6.6m round for Clean Mobile AG.
GS and Cerberus plan to raise €140m in GSW IPO
Goldman Sachs (GS)and Cerberus Capital Management are seeking to raise close €140m in an IPO for portfolio company GSW Immobilien AG.
Candover to inject £15m into DX Group
Candover-backed UK and Ireland independent mail and courier business DX Group has agreed to a capital refinancing and a management buy-in led by Petar Cvetkovic and David Hoare.
Permira and AXA circle Go Voyages
Permira and AXA Private Equity are in a final run off to acquire Go Voyages, an internet company, for between €300-400m from shareholders Financière Agache (held by the Arnault group), Compagnie Nationale à Portefeuille and Albert Frère who own a...
YFM invests £300,000 in FreshTL
YFM Private Equity has invested £300,000 in UK software vendor, FreshTL.
Exponent-backed Durrants acquires Gorkana in £25m deal
Exponent-backed Durrants, a 125-year-old cuttings business, has agreed to buy Gorkana, an online jobs site, in deal worth just under £25m.
Triton acquires Stabilus in debt-for-equity swap
Triton has become the new owner of Stabilus GmbH following a debt-for-equity swap.
Arax backs Biocrates Life Science with €1.2m
Arax Capital Partners has funded metabolic biomarker company Biocrates Life Science AG with €1.2m as a first tranche of a fundraising round.
Riverside acquires Eska Implants for Summit Medical
The Riverside Company has acquired German Eska Implants AG as a bolt-on for its UK-based portfolio company Summit Medical Group Limited.
Abris backs Masterlease MBO
Central and Eastern Europe private equity investor Abris Capital Partners has backed the management buyout of Polish fleet management company Masterlease Polska. No financial details have been disclosed.
Aescap et al. in €30m Biocartis round
Aescap, alongside other existing backers and new strategic investors Debiopharm Group and Johnson & Johnson, has particpated in a €30m series B funding round for Biocartis SA.
Proventure et al in NOK 35m funding for Aptomar
Norwegian government-backed venture fund Investinor has contributed NOK 17.5m in a NOK 35m funding round for technology business Aptomar. Also participating were existing backers Statoil Venture and seed fund Proventure SEED.
EPS Value Plus AG sells investment in Meyer Burger/3S Industries
Listed New Value has sold its interest in Meyer Burger/3S Industries on the stock market, which led to preliminary profits of approximately CHF 5.5m for the financial year ending 31 March.
Gresham backs £12.3m MBO of LAS
Gresham has backed the £12.3m management buyout of claims manager Lanes Assistance Services (LAS) from existing shareholder Lanes Group plc.
Herkules acquires Elis
Norwegian GP Herkules Capital has wholly acquired software company Elis AS from Data in Vest AS, Hafslund Venture and Elis employees.
DLJ in $165 million investment in Landis+Gyr
DLJ Merchant Banking Partners, part of Credit Suisse’s Asset Management division, has taken part in a $165m investment in Landis+Gyr.
Energy Ventures in £7.5m round for Red Spider
Energy Ventures and Simmons Parallel Energy have invested £7.5m in Red Spider, a developer of downhole products and services.
EQT Opportunity divests Tenson
EQT Opportunity has sold Tenson to Benelux-based Unlimited Sports Group.
YFM exits Sheet Piling
YFM Private Equity has sold its stake in construction business Sheet Piling in a management buy-back deal, generating a return of 3.7x for the private equity firm and an IRR of 20.17%.
Insight, Templeton et al. acquire stake in Studio Moderna
Insight Venture Partners and Templeton have co-led a group of investors in the acquisition of a minority stake in electronics and consumer products retailer Studio Moderna.
Southern Europe unquote" April 2010
A quarter into 2010 and European private equity dealflow is still fragile, prompting many GPs to remain on the sidelines. Meanwhile, figures from the upcoming unquote” European Fundraising Review emphasise the fundraising drought of 2009.