Deals
UK - Bridgepoint interested in Aero Inventory
Aircraft component supplier Aero Inventory has reportedly received an approach from Bridgepoint to buy the company for 720p per share.
FRANCE - LBO France to divest Cegelec
According to reports, LBO France and the management team have entered exclusive negotiations with Qatari Diar after seeing around ten offers tabled for electrical engineering group Cegelec. The asking price is thought to be around EUR 1.7bn.
NETHERLANDS - SET and Chrysalix invest in Epyon
SET Venture Partners and Chrysalix Energy have invested in Epyon, a spin-off company of the Delft University of Technology, which develops technology and IP in the field of ultra fast charging of advanced lithium-ion batteries.
ITALY – Wise backs two pharmaceuticals company
Wise Sgr has acquired a majority stake in Eurodifarm and Pucci Express, both companies operating in the pharmaceutical logistics sector.
GERMANY – Granville Baird said to exit Balzac Coffee
According to reports, Granville Baird, along with other existing stakeholders, is in advanced talks to exit coffee house chain Balzac Coffee. The interested parties are said to be strategic investors from France and the UK.
UK - Phoenix set to invest in White Stuff
According to reports, Phoenix Equity Partners is in advanced talks to acquire a minority stake in clothing brand White Stuff.
UK - ISIS to buy TravelJigsaw
Reports suggest that ISIS Private Equity is to close a buyout of international car hire provider TravelJigsaw, which trades as Carhire3000.com, in the coming week.
UK - 3i supports USD 45m fundraising for ApaTech
3i Plc and HealthCor Partners have invested USD 45m in ApaTech, a developer and provider of synthetic bone graft technologies.
UK - Sussex Place leads £1.5m investment in MyGoodness
Sussex Place Ventures has led a ТЃ1.5m investment into MyGoodness Ltd, owner of sports drink brand For Goodness Shakes, in return for a minority stake. The investor was joined in the financing by a number of private investors and family offices.
UK - Carlyle acquires Cash Systems in £360m deal
The Carlyle Group, through its fund Carlyle Europe Partners III, has acquired Cash Systems, a provider of cash handling technology, from De La Rue Plc for an enterprise value of ТЃ360m.
UK - HG Capital invests £42m in Achilles
HG Capital has invested ТЃ42m in data management and validation services provider Achilles. The total deal value has not been disclosed.
GERMANY - 3i sells German portfolio to Heidelberg Capital
3i Group Plc has sold a portfolio of 23 minority stakes in German companies to Heidelberg Capital for an undisclosed sum. This represents the second portfolio of investments 3i has divested in the last two months as part of its plan to sell off small...
UK - Finance Cornwall invests in Nature Paint Ltd
Finance Cornwall has invested an undisclosed sum in ecological paint manufacturer Nature Paint Ltd. Management also invested through Atticus Ltd and CAG Ltd, while Royal Bank of Scotland and South West Investment Group provided additional working capital...
UK - Finance Cornwall invests in Nature Paint Ltd
Finance Cornwall has invested an undisclosed sum in ecological paint manufacturer Nature Paint Ltd. Management also invested through Atticus Ltd and CAG Ltd, while Royal Bank of Scotland and South West Investment Group provided additional working capital...
UK - IMAC invests £7m into Review Centre
Ingenious Media Active Capital (IMAC) has invested ТЃ7m into Review Centre Ltd, a newly formed company that has been set up to acquire review website operator Resource Team Ltd, in exchange for 71.5% of the company's shares.
NORWAY - Nordic Capital acquires SafeRoad from Reiten
Nordic Capital Fund VII has acquired SafeRoad AS, a supplier of traffic solutions, from Reiten & Co for an undisclosed sum. No returns figures have been disclosed.
UK - Close Ventures invests £1.35m in Vibrant Energy
Close Ventures has injected ТЃ1.35m into energy services company Vibrant Energy Surveys Ltd as part of a ТЃ1.5m funding round.
SWEDEN - Triton fails to secure Cision bid
Triton, through its holding company Cyril Acquisitions AB, has failed to secure the 90% acceptance rate for its SEK 1.5bn take private of Cision, a Stockholm-based PR and marketing communications consultancy business, after Skandia Liv, who holds 6.3%...
UK - Apax backs spin-out of Sense
Apax Partners has led the buyout of biotechnology company Sense Proteomic Ltd from biosciences tools company Procognia Ltd.
SPAIN – Banesto backs leisure management firm
Enisa SEPI Desarrollo, a private equity fund managed by Banesto and the Collosa group, has invested EUR 4m in leisure centre management firm Gaia Gestión Deportiva, taking a majority stake in the business.
CEE - Warburg Pincus sells Euromedic to ALS and Merrill Lynch
Ares Life Science (ALS) and Merrill Lynch's private equity arm have acquired Hungarian healthcare provider Euromedic International from its current shareholders including Warburg Pincus. The deal originated through a Rothschild-led auction, in which several...
SWITZERLAND/FRANCE – Argos Soditic divests food companies after one month
Argos Soditic has agreed to sell Roland Murten AG and Cansimag France SA to Swiss food company Cornu SA for an undisclosed amount. This follows just one month after Argos Soditic acquired the two businesses, together with a third company, Kägi Söhne AG,...
SWITZERLAND – BayTech leads USD 3m funding round for Ads-Click
BayTech Venture Capital has led a USD 3m second funding round for online advertising company Ads-Click. An initial investment of USD 4m investment was concluded in March 2007.
NORWAY - Norvestor acquires 70% of RenoNorden
Norvestor V LP has acquired 70% of waste collection company RenoNorden AS for an undisclosed sum. The previous owners and the management retain a 30% stake in the business.