Deals
GERMANY - MIT acquires 26% of Belte
MIT Munich Industrial Technologies has acquired a 26% interest in aluminium refiner Belte, investing an undisclosed sum as part of a capital increase.
DENMARK - KKR et al. prepare for TDC sale
KKR, Blackstone, Permira, Apax and Providence Equity Partners, the private equity owners of Danish telecoms group TDC, are reportedly meeting with banks this week to choose an adviser as they look to sell part of their stake in the business, which is...
UK - Bridges leads £1m round for Call Britannia
Bridges Ventures, via its Social Entrepeneurs Fund, has led a £1m investment in customer contact centre business Call Britannia, alongside Big Issue Invest, management and the government's Future Jobs Fund.
UK - Maven reaps 50% IRR from sale of Cyclotech
Maven Capital Partners has wholly exited its investment in oil and gas company Cyclotech via a trade sale to M-I Drilling Fluids, part of the Houston-based M-I SWACO group, generating a return of more than 3x money and IRR of over 50%.
HUNGARY - Tuning in to corruption: PE sues in Hungary
Once deemed CEE's frontrunner in terms of economic advancement and attracting foreign investment, Hungary seems to have taken a step backward, with the government becoming embroiled in a legal dispute with Vienna-based private equity investor Accession...
SWEDEN - STING invests SEK 2m in Solarus
STING Capital has invested SEK 2m into solar energy technology company Solarus.
SWEDEN - Next Wave & WHEB Ventures acquire Petainer for £16m
Next Wave Ventures, WHEB Ventures and senior company management have acquired drinks container manufacturer Petainer from UK packaging specialist Rexam plc for a total consideration of £16m.
SPAIN - Debaeque takes 10% in BuyVip
Venture firm Debaeque has invested an undisclosed sum in online private buyers club BuyVip, acquiring a 10% stake in the business.
GERMANY - AXA Private Equity acquires HSE from insolvency
AXA Private Equity has acquired Home Shopping Europe, the operator of home shopping channel HSE 24, from insolvent parent company Arcandor group.
BELGIUM - Waterland Private Equity buys 25% of Arseus
Waterland Private Equity has acquired a 25% interest in Euronext-listed Belgian healthcare business Arseus, purchasing Omega Pharma's entire 24% shareholding and an additional 1% from Couckinvest, the second-largest shareholder in the healthcare company.
GERMANY - BayBG invests in WeWebU
BayBG Bayerische Beteiligungsgesellschaft has completed an undisclosed investment in WeWebU Software in the framework of a silent partnership.
NORWAY - Norvestor sells Intelecom to Carrot
Norvestor has wholly exited its investment in Intelecom Group, a provider of outsourced communication services for businesses, through a trade sale to sector rival Carrot Communications for an undisclosed sum.
UK - HgCapital backs £178m MBO of Goldshield Group
HgCapital has backed the £178m management buyout of listed generic drugs company Goldshield Group.
UK - Accel and Index sell Playfish for up to $400m
Index Ventures and Accel Partners have wholly exited social gaming portfolio company Playfish via a trade sale to Electronic Arts for a consideration of up to $400m, including a $100m earnout.
BELGIUM - Montagu closes ADB deal
Montagu Private Equity's acquisition of airfield lighting specialist ADB Airfield from Siemens, first reported by unquote" in September this year, has closed.
ROMANIA - Lime Rock makes $25m Expert investment
Energy-focused investor Lime Rock Partners has invested $25m in Expert Petroleum, a Romanian oil and gas business.
POLAND - Advent makes PLN 405m offer for Wydawnictwa
Global buyout house Advent International has announced a public tender offer to acquire Polish educational publisher Wydawnictwa Szkolne i Pedagogiczne, in a deal that would value the company at around PLN 405m.
UK - YFM makes follw-up investment in Cornish Sea Salt
YFM Group, via its South West Ventures Fund, has further invested an undisclosed amount in salt company Cornish Sea Salt Co.
GERMANY - Golden Gate's acquisition of Infineon’s WLC business closes
Golden Gate Capital's EUR 243m acquisition of Infineon's wireline communications business, reported in unquote" in July, has officially closed.
BELGIUM - Vesalius leads EUR 5.3m Promethera funding
A venture syndicate led by Vesalius Biocapital has invested more than EUR 5m in biotechnology firm Promethera Biosciences in a series-A funding round.
UK - GI Partners backs Urban & Civic
Trans-Atlantic private equity house GI Partners has backed the establishment of UK real estate holding Urban & Civic.
GERMANY - Advent sells Herlitz to Pelikan for EUR 45m
Advent International has divested its 66% stake in stationary company Herlitz through a sale of the business to strategic buyer Pelikan International Corporation Berhad for EUR 45m.
UK - DN backs Target 250
Venture investor DN Capital has provided b2b technology lead generation business Target 250 with its first institutional round of funding.
SWEDEN - Accent backs Bergteamet
Accent Equity has invested an undisclosed sum in Swedish mining contractor Bergteamet.