Deals
GERMANY - EQT to make EUR 2.6bn offer for Candover's Springer
Swedish buyout house EQT is reportedly lining up a £1bn financing package as part of a takeover bid for Candover- and Cinven-backed publishing business Springer Science & Business Media, which could value the company at around EUR 2.6bn.
ITALY - Helio Capital and Siliken sign agreement for PV development
Renewable energy investor Helio Capital has signed an agreement with renewable energy solutions firm Siliken Italia for the development of six photovoltaic farms with total output of 6 MW.
UK - Octopus Capital for Enterprise invests £1.5m into Coal Grill and Bar
Octopus Investments, via its Capital for Enterprise Fund, has invested in restaurant chain Coal Grill and Bar in a deal valued at £1.5m.
GERMANY – Candover and Cinven in talks with Informa about Springer
Reports indicate that Candover and Cinven are in early stage talks with strategic buyer Informa regarding the acquisition of their portfolio company Springer Science + Business Media.
UK - Novartis leads £16m round for Oxagen Limited
Novartis Venture Funds has led a £16m series C round of funding for drug discovery development company Oxagen Limited.
FRANCE - Wendel and KKR stage partial exit of Legrand
Wendel Investissement and Kohlberg Kravis Roberts (KKR) have reduced their shareholdings in Euronext-listed Legrand, an electronics company, from 61% to 50%.
NETHERLANDS - OEP acquires Schoeller Arca Systems
Private equity firm One Equity Partners' (OEP) acquisition of plastic manufacturer Schoeller Arca Systems Services has been approved by the European Commission.
BELGIUM - LSP and Sofinnova prepare Movetis IPO
Life Science Partners (LSP) and Sofinnova Partners-backed pharmaceutical company Movetis is planning an IPO on the Euronext, which could raise up to EUR 112.4m.
FRANCE - Ambienta acquires 51% stake in Alpin Pellet for EUR 2.5m
Italian environmental investor Ambienta has acquired a 51% stake in biomass company Alpin Pellet for EUR 2.5m.
UK - Alchemy Partners sells EPS stake
Alchemy Partners has exited its stake in portfolio company Environmental Property Services (EPS) plc, the property installation and maintenance services provider, via a trade sale to MITIE Group for a consideration of up to £38.5m for all the sellers,...
BELGIUM - Waterland pays EUR 62.4m for 25.1% stake in Arseus
Waterland Private Equity Investments becomes the second largest shareholder in listed medical equipment business Arseus, after having invested EUR 62.4m for a 25.1% stake in the company.
SPAIN – CAI-backed Imaginarium to list on MAB
Children's toy retailer Imaginarium, backed by the Caja de Ahorros Inmaculada private equity arm, CAI Desarrollo Empresarial, is due to list on the alternative market in Madrid, the Mercado Alternativo Bursátil (MAB).
GERMANY – BC Partners' Brenntag shapes up for IPO
News reports indicate that BC Partners' portfolio company Brenntag GmbH is in the process of restructuring its EUR 2.5bn debt to prepare the company for its planned IPO.
UK - Smedvig Capital makes 6.2x money on Protego sale
Smedvig Capital has sold Protego Real Estate Investors to US-based Cornerstone Real Estate Advisers LLC, reaping a total return of 6.2x and an IRR of 58%. No other financial details have been disclosed.
UK - Kelso Place reaps 4x money through partial exit of i2S Group
Kelso Place Asset Management-backed i2S Group Limited, a provider of integrated building control and data communication systems, has sold its controls division, DMS Controls Limited, to US-based Carrier Corporation, a unit of United Technologies Corporation,...
PORTUGAL - Espírito Santo Capital acquires 30% of Amal Group
Espírito Santo Capital has acquired a 30% stake in tube and silo maker Amal Group.
SWEDEN - Chalmers back NemaLabs with further SEK 5m
Chalmers Innovation Seed Fund is backing software business Nema Labs with SEK 5m in a funding round raising a total of SEK 10m for the company's internationalisation. Other investors included Volvo Technology Transfer and Innovationsbron.
POLAND – Royalton adds Cool AR to Activ Parking
Central and Eastern European investor Royalton Investors has acquired a 93% stake in Polish paid parking zone business COOL AR. The deal was done thorough ACTIV Parking Holdings, a Czech parking operator Royalton acquired in January 2009. Together the...
UK - Atlas et al invest $20m into picoChip
Atlas Venture, Highland Capital Partners, Pond Venture Partners and Scottish Equity Partners have invested $20m into wireless infrastructure company picoChip, alongside Rothschild, AT&T, Intel and Samsung, in a Series E funding round.
ITALY – HAL-backed Safilo recap uncertain
Dutch investor HAL Holding today announced that it will extend the offer to eyewear manufacturer Safilo's bondholders to 27 November, as currently only 43.01% of bonds were tendered, versus the 60% acceptance rate HAL reportedly requires to complete its...
BULGARIA – Advent sips EUR 40m Devin
Advent International's Central & Eastern European team has completed the acquisition of a 79% stake in Bulgarian bottled water business Devin AD. The company is listed on the Bulgarian Stock Exchange and the shares were acquired from Austria's Soravia...
NETHERLANDS - LSP in EUR 2m round for Kreatech Diagnostics
Life Science Partners (LSP) and Alafi Capital-backed biotech firm Kreatech Diagnostics has just closed a new EUR 2m round of financing which saw the participation of a new investors.
FRANCE - Astorg takes 32% stake in EUR 500m Gras Savoyarde
Astorg is set to take a 32% stake in insurance broker Gras Savoye, in a deal valuing the company at approximately EUR 500m, including EUR 200m of debt. The LBO deal sees US group Willis reduce its stake to 31.8%.
ROMANIA – 3TS Cisco backs InternetCorp
3TS Capital Partners has acquired a minority stake in Romanian online media company InternetCorp. The transaction was funded through the 3TS Cisco Growth fund, which focuses on small- and medium-sized technology, media and communications companies in...