Deals
UK - ISIS EP increases holding in AIM-listed WIN
Private equity house ISIS Equity Partners (ISIS EP) has acquired another 130,000 shares in AIM-listed WIN, a provider of interactive mobile entertainment and information, bringing its total stake in the business to 12.8%.
SWEDEN - FSN takes 65% stake in Tactel
FSN Capital has acquired a 65% stake in Tactel, a developer of mobile software technology from the founders.
SWEDEN - FSN acquires four landscaping services companies
Norwegian private equity firm FSN Capital Partners has via its third fund acquired four Swedish landscaping services companies, Sjunnesson, Jungs, Qbikum and ISS Landscaping, with combined 2009 revenues of SEK 550m.
GERMANY – BWK increases its R-Biopharm stake to 19.4%
BWK GmbH Unternehmensbeteiligungsgesellschaft has increased its stake in diagnostics company R-Biopharm AG to 19.4%, by acquiring a further 2% stake for EUR 1.3m from a leaving shareholder.
GERMANY - Apax sells remaining stake in listed Dialog Semiconductor
Apax Partners has fully exited its investment in listed semiconductor manufacturer Dialog Semiconductor plc, selling off its 14.2% stake.
GERMANY - Troubled Arques sells Actebis to Droege Capital
Beleaguered industrial holding Arques Industries has sold distribution company Actebis to Droege Capital GmbH, a subsidiary of Droege International Group. Depending on the future performance of the group, the purchase price will be at least EUR 40m.
GERMANY - HTGF leads investment in Protected-networks.com
High-Tech Gründerfonds has taken the lead in a financing round for IT company Protected-networks.com GmbH.
UK- LTF et al. invest £1m into Novacem
The London Technology Fund, Imperial Innovations and the Royal Society Enterprise Fund have invested over £1m in cement company Novacem.
UK - SpinVox secures £15m in emergency funds
London-based provider of voice-to-screen messaging solutions, SpinVox, has reportedly raised in excess of £15m in an emergency round of funding from existing backers.
SWEDEN - Ledstiernan sells Repeatit
Swedish private equity firm Ledstiernan has sold Repeatit AB, a developer of fixed broadband wireless access, to Skandinaviska WLAN-specialisten AB. The profit from the sale is said to be marginal.
BELGIUM/NETHERLANDS - PPM Oost backs Epocat
Dutch investor PPM Oost has backed Belgian chemical company Epocat. Financial details were not disclosed.
ITALY - Clessidra’s acquisition of Cavalli falls through
Reports suggest that negotiations between the designer and Clessidra have been terminated with little hope of being resuscitated, after disagreements on valuations.
CEE - Bancroft, CCMP sell Nowaco for EUR 250m
CCMP Capital Advisors and Bancroft Private Equity have agreed to sell Central and Eastern European food delivery businesses Nowaco Group and Farutex to international distributor Bidvest in a EUR 250m deal.
GERMANY – Apollo to take up 14 million of Infineon shares
US-based private equity firm Apollo Management has subscribed for approximately 14 million shares of listed chip maker Infineon Technology AG at a price of EUR 2.15 per share, in a rights issue that will see the company raise at least EUR700m.
SWEDEN/UK - Wellington et al to back Spotify with futher USD 50m
Existing investors Wellington Partners, Northzone Ventures and Creandum is believed to be participating in a USD 50m round for music streaming service Spotify, led by the Hong-Kong based Li Ka Shing foundation.
GERMANY – Consortium invests seven-figure sum in United Maps
Return backers High-Tech Gruenderfonds, SeedFonds Bayern and SpaceTec Capital Partners have teamed up with ClusterFonds StartUp! to extend the initial seed investment for mapping company United Maps into a seven-figure Series-A round.
GERMANY – BC Partners and Apollo Management’s Unitymedia prepares IPO
According to reports, BC Partners and Apollo Management-owned Unitymedia GmbH, a cable operator, is preparing for an IPO at the end of the year or early 2010. The company hopes to raise as much as EUR 500m to 1bn.
NETHERLANDS - H.I.G. takes stake in 3i-backed VNU
HIG Capital's distressed fund Bayside Capital has taken a stake in Dutch multimedia company VNU, alongside existing backer 3i and management, following a restructuring of the company's debt.
SPAIN - Pontia Capital sells stake in Nobeltours
It is understood that private equity firm Pontia Capital has sold its 50% stake in tour operator Nobeltur back to its founders, the Peregrín Brothers.
UK- LDC backs MBO of JPMorgan Invest
LDC has backed the management buyout of financial education and benefits firm JPMorgan Invest from parent JP Morgan Asset Management for an undisclosed sum.
FRANCE - AXA PE purchase B&B’s French wind farm portfolio
AXA Private Equity, via its infrastructure fund, has acquired Babcock & Brown's French wind farm assets.
GERMANY – AUCTUS-backed Career Partner Group buys Adam-Ries University
AUCTUS-backed Career Partner Group has acquired a majority stake in the Adam-Ries University of Applied Sciences in Erfurt.
UK - Privet Capital and Paradigm back pre-pack of Lombok
Turnaround specialists Privet Capital and Paradigm have backed the pre-pack administration of luxury furniture chain Lombok. The deal will see the firms acquire 14 of the business' 19 stores.
ITALY - Stirling Square-backed Sicurglobal acquires Mega Italia
Security specialist Sicurglobal, controlled by UK-based private equity house Stirling Square Capital Partners, has acquired security system integration firm Mega Italia.