Deals
CEE - Arca Capital sells Czech Precision Forge
Slovak Arca Capital has sold its remaining share in Czech Precision Forge, a pilsner engineering company. In April 2003, the fund invested EUR 4.7m in the company.
GERMANY – NORD Holding acquires Teupen
NORD Holding has acquired a majority stake in Teupen Maschinenbau GmbH, a provider of mobile height access technology. The investment will be used to fund further growth of the company, which is based in Gronau and was founded in 1977. The company expects...
CEE - Series of investments in Czech Republic
Arca Capital has invested in Kasa, a Czech online store. Warburg Pincus is currently in talks to buy Atlas, the third largest Czech search engine after acquiring a majority stake in its rival Centrum, last December.
RUSSIA - ASI injects $200,000 in LogneX
Ambient Sound Investments has invested $200,000 in LogneX, a Russian software development company, bringing its stake to 30%.
SWEDEN - Nomura Phase4, TVM and Scottish Widows invest $27m in AstraZeneca spin-out
Nomura Phase4 Ventures has led a $27m round in Albiero, a Swedish biotechnology company spun-out from AstraZeneca. TVM Capital and Scottish Widows have also invested in the business.
GERMANY - Waterland sells sds business services for EUR 46m
Waterland Private Equity Investments has sold sds business services GmbH to Affiliated Computer Services (ACS) Inc for EUR 46m, with ACS also assuming liabilities to purchase sds.
ITALY - Efibanca acquires design company MGM.it
Efibanca-managed Star Bridge Social Responsible Fund has acquired an 80% stake in design company MGM.it.
GERMANY - Ripplewood interested in stricken IKB
According to press reports, US private equity house Ripplewood Holdings is interested in acquiring part or all of IKB bank, which suffered heavily from the subprime crisis. The deadline for nonbinding offers for the bank has been postponed to enable potential...
GERMANY - Novo Nordisk Biotech Fund brings total raised in Affimed to EUR 30m
Novo Nordisk Biotech Fund has committed EUR 5m to a second closing of a series-B funding round for Affimed Therapeutics AG, bringing the total raised at this stage to EUR 30m.
UK - BP Marsh-backed Principal Investment Holdings sold for £42m
Private equity firm BP Marsh & Partners has realised its interest in Principal Investment Holdings. Sevenoaks-based Principal, a portfolio manager, has been acquired by Sanlam, the second largest insurer in South Africa, for ТЃ42m.
DENMARK - Sunstone and Creandum back IPtronics with $10.25m series B-funding
Sunstone Capital and Creandum have invested $10.25m in IPtroincs, a supplier of silicon for parallel optical applications, in a series B-round. The investment will be used to accelerate global sales and product development.
UK - Shackleton takes minority stake in CIO Connect
Shackleton Ventures Ltd has acquired a 49.9% stake in IT networking organisation CIO Connect.
UK - ECI acquires bathroom manufacturer
ECI Partners has acquired specialist bathroom manufacturer DLP Ltd. Worcestershire-based DLP supplies adapted bathroom products for the elderly and disabled through the brand AKW MediCare.
FRANCE – Sofinnova Partners leads EUR 2.5m financing of Neosens
Sofinnova Partners has led Capricorn Cleantech Fund and GALIA Gestion as well as former investors ICSO Private Equity and IRDI in a EUR 2.5m financing round for Neosens.
UK - Balmoral has acquired yacht building company Oyster Marine
Balmoral Capital has acquired yacht building company Oyster Marine, one of the UKтs leading yacht builders. The value of the business, which had sales of more than ТЃ50m in its last financial year, is undisclosed. CIT Capital Finance (UK) Ltd has underwritten...
UK - Liverpool Seed Fund leads £470,000 round for ProKyma
ProKyma, a spinout from the Defence Science and Technology Laboratory has received ТЃ470,000 in funding led by Merseyside Special Investment Fundтs Liverpool Seed Fund. The National Endowment for Science, Technology and the Arts (NESTA), Rainbow Seed...
UK - Blackstone & CVC would offer M&B shareholders stub equity
According to reports, Blackstone and CVC would offer current shareholders in quoted pub group Mitchells & Butler the opportunity to hold stub equity in the new company, should they succeed in delisting the business. M&B operates the Harvester and All...
FRANCE - UFG Private Equity takes 15% in Mastrad Finance
UFG Private Equity took a 14.85% stake in Mastrad Finance, the holding company for Mastrad, via its two funds Diadème 2 and Diadème 3. The management retains 73.26% while Siparex has 11.89%.
GERMANY – DEWB to sell stake in 4flow for EUR 6.5m
Deutsche Effecten- und Wechsel- Beteiligungsgesellschaft AG has sold its 44.4% shareholding in 4flow AG, Berlin, to the company's management for EUR 6.5m. The purchase price will be paid in several tranches.
SPAIN - Mercapital and N+1 could sell fitness chain to Virgin
Mercapital and N+1could sell fitness chain Holmes Place to Virgin Active in what would be a EUR 180m deal according to sources.
UK - MVM provides further seed funding for Heptares
MVM Life Science Partners has provided drug discovery company Heptares Therapuetics with a further round of seed funding. MVM backed the establishment of Heptares, a spinout from the Medical Research Council, in 2007.
UK - 3i acquires Ultralase in £174.5m buyout
3i has signed an agreement to acquire Ultralase, a company which offers laser correction for vision, for ТЃ174.5m from CorporaciУГn DermoestУЉtica, a Spain-based medical aesthetic business.
RUSSIA - Great Europe Deep Value invests in Nord Timber
Great Europe Deep Value Fund together with a co-investor acquired, in a MBO/MBI, Nord Timber, a company consisting of two sawmills and the right to harvest forest land of 1m hectares. This investment was structured through a newco in Cyprus.
PORTUGAL - Inter-Risco reaps 7.7x multiple on TvTel exit
Inter-Risco has reaped a 7.7x multiple and 30% IRR on its sale of broadcasting company TvTel to Portugal Telecom Media in a deal valued at approximately EUR 120m.