Deals
SPAIN – Seed Gipuzkoa in double investment
Basque country venture capitalist Seed Gipuzkoa has invested EUR 250,000 in chemical-pharmaceutical company Ikerchem and EUR 200,000 in database group Saludnova.
UK - Finance Wales sells Accountis to Fundtech
Finance Wales has sold electronic presentment and payment systems supplier Accountis to NASDAQ listed Fundtech for an initial ТЃ3.8m.
GERMANY – Neuhaus Partners sells blau Mobilfunk
Neuhaus Partners, together with the founders and other investors has agreed to sell blau Mobilfund GmbH to Dutch telecommunications company KPN. The price is rumoured to be in the range of EUR 80m to 100m.
UK - SPARK sells Identum
SPARK Ventures has realised its investment in email encryption technology developer Identum. The terms of the deal have not been disclosed.
FRANCE - Edmond de Rothschild CP takes majority stake in Sotralu
Edmond de Rothschild Capital Partners has taken a majority stake in Sotralu, alongside CEO Thierry Sainte-Claire Deville and the members of the management team, who have increased their stakes. The deal saw AXA Private Equity and former CEO Jean Prunet...
CEE – Advent International buys LaborMed
Advent International has acquired pharmaceutical company LaborMed from its founders. It plans to build the company through organic growth and acquisition of companies with specialist complementary drug portfolios. It is also bringing a new senior management...
SPAIN – Magnum reorganizes management
One of the founding members of Magnum Capital, Baldomero Falcones, has left the firm and sold his stake to the remaining three partners, Angel Corcóstegui, Enrique Leyva and João Talone.
FRANCE – Carlyle closes EUR 1.1bn deal
The Carlyle Group has completed the EUR 1.1bn deal for a 37.8% stake in telecommunications companies Numericable and Completel. Carlyle acquired the shares from Altice and Cinven, both of which have retained an approximately 30% stake.
SWEDEN - Industri Kapital reaps 3x in EUR 222m exit of ELFA
Industri Kapital has sold electrical components company ELFA to Daetwyler for EUR 222m, reaping a 3x money multiple. The deal also represents an exit for management and the Jensen family.
UK - Smedvig acquires Barefruit
Smedvig Capital has bought juice bar chain Barefruit Juice through its investee company Lovejuice.
AUSTRIA - Recap acquires Sariana
Recap Management has acquired lingerie company Fashion GmbH. Sariana went into insolvency in autumn 2007 and was acquired by Steierische Beteiligungsgesellschaft STUG as a bridge owner.
UK - GLG in $100m funding round for SpinVox
GLG Partners, Blue Mountain Capital and Toscafund Asset Management have invested $100m alongside Goldman Sachs in SpinVox, a speech recognition technology group.
UK - Sovereign acquires Lord Group
Sovereign Capital, through its portfolio company Kinetics Group, has acquired fabric maintenance provider The Lord Group Ltd.
GERMANY - Syndicate in seed financing for InflaRx
Swiss business platform Affentranger Associates, alongside bm-t beteiligungsmanagement thüringen gmbh, has provided seed financing to biotechnology company InflaRx GmbH.
AUSTRIA - Adcuram sells Battenfeld Group
Adcuram and the liquidator of Battenfeld Group have agreed to sell Battenfeld Group to Austrian company Wittmann.
UK - Quilvest acquires Yo! Sushi from Primary Capital
Quilvest Private Equity has bought sushi bar chain Yo! Sushi from Primary Capital in a reported ТЃ51m deal.
UK - ECI makes £60m offer for Premier Research Group
ECI Partners has made an offer to acquire clinical services provider Premier Research Group (PRG). The enterprise value of the deal is ТЃ100m.
UK - Creative Capital invests in mydish.co.uk
The Creative Capital Fund has invested ТЃ105,000 in social networking site mydish.co.uk.
FRANCE - Scottish Equity Partners lead B-round in Stentys
Scottish Equity Partners has led a EUR 11.5m B-round of financing in Stentys. Incumbent backer Sofinnova Partners also invested.
UK - Graphite acquires more holiday parks
Graphite Capital has led a ТЃ15m funding round for Park Holiday's acquisition of the Golden Sands and Peppermint holiday parks in Devon.
GERMANY - Square Four Investments acquires Erich Rohde KG
Square Four Investments has, together with investment bank Morgan Stanley, acquired insolvent Erich Rohde KG Schuhfabriken, a shoe manufacturer, for an undisclosed amount.
UK - Fidelity acquiries minority stake in Complinet for £18.5m
Fidelity Equity Partners has invested ТЃ18.5m in Complinet Group, an online regulatory solutions provider for the financial services industry. Sebastian McKinlay and Stephen Findlay will join Complinet's board.
UK - Endless exits Neville Johnson for £12.5m
Endless LLP has sold furniture designer and manufacturer Neville Johnson Group to Key Capital Partners for ТЃ12.5m.
SPAIN – Caja Inmaculada acquires 25% stake in engineering firm
Caja Inmaculada (CAI) has acquired a 25% stake in engineering company ASE Soluciones through a capital expansion deal.