Deals
GERMANY – Consortium invests seven figure sum in Qiro GmbH
A consortium of investors, comprising Michael W Schwetje, High-Tech Gründerfonds, VC Fonds Technologie Berlin and BBAF Business Angels Fondsgesellschaft mbH has raised a seven figure sum in a second funding round for mobile services company Qiro GmbH....
NETHERLANDS - Fortis sells IAM to its management team
Fortis has sold London-based fund-of-hedge-funds International Asset Management Ltd (IAM) to its management team.
SWEDEN - EQT Opportunity acquires Granngården
EQT Opportunity has acquired Granngården, a Swedish retail chain, from Lantmännen, a group owned by 42,000 Swedish farmers, for an undisclosed sum.
GERMANY – Consortium invests EUR 85m in Sulphurcell
Intel Capital, Intel's investment organisation, has led an EUR 85m total equity funding round for thin-film solar modules company Sulfurcell, investing EUR 24m. Other institutional investors, including Climate Change Capital Private Equity, AIG, Demeter...
GERMANY - Gilde Buy-Out Fund sells Walter Services Group
Gilde Buy-Out Fund has sold services company Walter Services Group to Odewald & Compagnie and caption for an undisclosed amount. Gilde Buy-Out Fund will reinvest part of the proceeds from the exit.
SWEDEN - EEP et al close EUR 26m PacketFront financing
Existing stakeholders European Equity Partners (EEP), Amadeus Capital Ltd and TLcom Capital LLP have completed a EUR 26m financing round for PacketFront, a supplier of broadband solutions to City and Greenfield carriers in Europe and the Middle East....
UK - Bowmark generates 63% IRR on sale of travel group
DLJ Merchant Banking Partners has acquired Education and Adventure Travel (EAT), the UK school travel group, from Bowmark Capital for ТЃ100m. Bowmark generated an IRR of 63% and a multiple of 4x on the sale of the business.
FRANCE - Iris backs EUR 4m Alyotech financing
Iris Capital has backed Alyotech, a technology consultancy firm, in a new EUR 4m capital increase alongside existing investors Aurel NextStage, Galiléo, ACE Management, CDC Entreprises and the management. The new financing brings the total raised by the...
SWEDEN - Riverside acquires SPX Air Filtration
The Riverside Company, through its Riverside Europe Fund III (REF III), has acquired the Swedish based SPX Air Filtration for an undisclosed sum. A senior debt package was provided by Kaupthing Bank, while Eqvitec supplied a mezzanine tranche to support...
FINLAND - Consortiums invest EUR 7.5m into Xtract
A consortium of investors, comprising Creandum, ETF III, advised by Eqvitec Partners, and InnovationsKapital, have invested EUR 7.5m in a series-B funding round for Xtract, a social advertising company.
GERMANY - Waterland Private Equity acquires GolfRange
Waterland Private Equity Investments has acquired a majority stake in golf company GolfRange for an undisclosed sum.
ITALY - Bridgepoint acquires perfumeries
Bridgepoint has acquired two perfumeries, Linea Bellezza and Beauty Star, in a management buyout deal.
NORWAY - Borea sells Scandinavian Electric Holding for NOK 430m
Borea Opportunity II has sold its stake in marine propulsion system supplier Scandinavian Electric Holding to Rolls-Royce in a deal valued at NOK 430m.
GERMANY – Augur acquires Veritas
Augur Capital has, via Augur Financial Opportunity SICAV, acquired financial services provider Veritas SG Investment Trust GmbH from French online financial services company Boursorama SA, a subsidiary of Société Générale-Group, for an undisclosed amount....
UK - Laxey Partners acquires TDG in £203m deal
Laxey Partners has agreed to buy the remaining shares it does not already own of transportation company TDG Plc in a ТЃ203m deal.
GERMANY – Consortium joins third nugg funding round
New investors European Funders Funds and VC Fonds Technologie Berlin joined for a third round of funding for nugg.ad AG, a provider of predictive behavioral targeting solutions to advertising agencies, alongside incumbent investors bmp Media Investors...
SWITZERLAND – ECM acquires stake in KADI AG
Equity Capital Management (ECM) has, together with the management, acquired Swiss convenience food producer KADI AG from its sole previous owner. No financial details were disclosed.
FRANCE - Turenne backs Mediastay acquisition of Lucky Surf
Turenne Capital, through Turenne Investissement and Hexagone Croissance 1, has backed portfolio gaming company Mediastay’s acquisition of US competitor Lucky Surf.
NORWAY - Norvestor acquires 70% of Wema
Norvestor Equity, through its fund Norvestor V, has acquired 70% of the Wema Group, a supplier of diesel and AdBlue level sensors to the heavy truck industry, for an undisclosed sum. The vendor, the Gismervik family, retains 30% stake in the company....
UK - MML backs buyout of EIC
MML Capital Partners, formerly Mezzanine Management, has led a ТЃ40m buyout of EIC, a provider of mechanical and electrical services to the public and private sectors. The Royal Bank of Scotland provided senior debt for the deal.
ITALY - Patrimonium interested in electrical appliances plant
According to reports, UK-based Patrimonium Venture Capital (PVC) is interested in acquiring an Electrolux production plant in Sacandicci in a deal valued at approximately EUR 60m.
UK - Octopus-backed AVM acquires Matrix Displays
Octopus-backed Audio Visual Machines Ltd (AVM), a supplier of integrated audio visual and video conferencing systems, has acquired audio visual services provider Matrix Display Systems Ltd in an all cash deal for an undisclosed sum.
UK - Nord Anglica to be taken private
The Baring Asia Private Equity Fund IV is taking Nord Anglica, a provider of education, training and guidance, private in a deal that values the company at approximately ТЃ190m.
FRANCE - MBO Partners et al purchase Les Zelles
MBO Partners has completed a buyout of windows installation business Les Zelles, alongside SG Capital Partners, SGAM AI and the management team led by Robert Dollathas.