Deals
SPAIN - Mediterrània acquires 49% stake in Agrolito for EUR 2.9m
Riva y García has acquired a 49% stake in agribusiness Agrolito, for EUR 2.9m via Mediterrània Capital fund.
NETHERLANDS - Starwood acquires Golden Tulip
Starwood Capital has completed the acquisition of beleaguered Golden Tulip Hospitality BV. No financial details have been disclosed.
CYPRUS - Platina secures project financing for EUR 170m wind project
Platina Partners LLP has secured the financing required for the development of an EUR 170m wind farm project in Cyprus, from EIB, Commerzbank, ING and NordLB. The 82MW Orties project will be Cyrus' first wind farm.
UK - LTF et al. complete follow-on investment into Acrobot
A syndicate of investors including The London Technology Fund (LTF), Imperial Innovations and PUK Ventures, has completed a further investment in medical devices company Acrobot.
UK - Gresham takes five of Formation's businesses private in £20.75m MBO
Gresham Private Equity has backed the management buyout of five of AIM-listed Formation Group's nine businesses, in a deal valued at £20.75m, creating the newco of James Grant Group (JGG) Limited.
IRELAND - SEP et al. invest $10m into Powervation
Scottish Equity Partners (SEP), Intel Capital, Venture Tech Alliance and Fourth Level Ventures have invested $10m into digital power solutions provider Powervation, as part of a series B funding round for the company.
GERMANY – KKR and Goldman Sachs to bolster KION with EUR 100m
Kohlberg Kravis Roberts & Co and Goldman Sachs Capital Partners have agreed to inject EUR 100m of fresh capital into forklift truck manufacturer KION.
UK - 3i et al. exit Velocix
3i, Amadeus Capital Partners and Pentech Ventures have exited their stake in P2P technology company Velocix via a trade sale to communications services business Alcatel-Lucent. No financial details were disclosed.
SWEDEN - Valedo acquires two psychiatric treatment companies
Swedish buyout house Valedo Partners has acquired Björkviksgruppen and Neuropsyk, both providers of psychiatric health care.
GERMANY - Rutland acquires CeDo from Delton
Rutland Partners has acquired the CeDo group of companies, a manufacturer of household disposables, from Delton AG, for an undisclosed sum.
Hungary/US - 3TS reaps 8.5x in CEE's largest tech IPO
Dedicated CEE investor 3TS Capital Partners has sold its shares in US/Hungarian remote-services technology business LogMeIn, generating a money multiple of 8.5x. The business, set up in Hungary and moved to the US, floated on Nasdaq at a market capitalisation...
GERMANY – HTGF and Sympasis invest in Deal United
High-Tech Gründerfonds and Sympasis Innovation Capital has invested in e-commerce start-up Deal United GmbH.
FRANCE - Carlyle acquires 80% stake in Groupe Marle
The Carlyle Group has purchased an 80% stake in Groupe Marle, an orthopedic implant company. The balance is held by the Marle family and management.
FRANCE - NextStage transmits EUR 3m to Konibini
NextStage has provided Konibini, an online television station, with a EUR 3m investment. The company received an initial EUR 700,000 of seed funding in April 2008.
NORWAY - Return backer Capricorn takes 7% stake in Metallkraft
Existing investor Capricorn has subscribed to a new share issue for Metallkraft AS, a Norwegian waste and disposal technology business, taking a 7% stake. Norwegian government-owned Investinor also participated in the round, and took a 7% stake, investing...
GERMANY - Warburg Pincus takes 8.8% stake in Kontron
Warburg Pincus has acquired a stake of nearly 9% in embedded computer technology company Kontron AG for approximately EUR 38.6m.
UK - Climate Change Capital backs Climate Energy MBO
Cleantech investor Climate Change Capital Private Equity (CPE) has backed the management buyout of energy efficiency services company Climate Energy for an undisclosed sum.
ITALY - Bain Capital pulls out of talks with debt-laden Safilo
Bain Capital has withdrawn from takeover discussions with the debt-laden eyewear manufacturer Safilo.
GERMANY – Mangrove and Neuhaus sell Cellity to Nokia
Mangrove Capital Partners and Neuhaus Partners have agreed to sell software provider Cellity AG to Nokia.
UK - Morgan Stanley AIP invests £45m into Aldermore Bank
Morgan Stanley Alternative Investment Partners (Morgan Stanley AIP) has invested £45m into Aldermore Bank (formerly Ruffler Bank), alongside AnaCap Financial Partners.
UK - HSBC backs £170m SBO of Viking Moorings from Inflexion
HSBC Private Equity has acquired oil services company Viking Moorings in a secondary buyout from Inflexion Private Equity, for a price tag of £170m.
HUNGARY - Permira's BorsodChem to get cash injection
Permira-backed Borsodchem, a Hungarian chemical business, may receive a loan from the Hungarian Development Bank (MFB) amounting to €100m. The injection is contingent upon Permira agreeing a debt restructuring of the company with lenders and Budapest.
GERMANY – HTGF backs ReCoTech with EUR 500,000
High-Tech Gründerfonds has invested EUR 500,000 in software start-up ReCoTech GmbH.
GERMANY/US – KKR-backed BMG acquires Crosstown assets
KKR and Bertelsmann's BMG Rights Management, a company specialising in licensing and administrating music rights, has acquired the music publishing assets of Crosstown Songs America.