Deals
GERMANY - Oaktree circles Bain's Bavaria
According to press reports, Oaktree is circling yacht builder Bavaria Yactbau, a portfolio company of Bain Capital.
NETHERLANDS - Updata invests $12.5m in RES Software
Updata Partners has backed RES Software, an Amsterdam-based provider of user workspace management software, with an investment of $12.5m.
UK - Royal Mail's partial stake sale to CVC put on hold
The British government is reportedly putting on hold plans to sell part of state-owned Royal Mail, citing the depressed state of financial markets and the lack of parliamentary debate time.
SPAIN - First Reserve-backed 9REN completes EUR 100m financing
First Reserve Corporation-backed renewable energy producer 9REN has completed the financing of a 14.7MW photovoltaic project in Southern Spain, raising over EUR 100m.
SWEDEN - Nordic Capital-backed Thule divests US towing operations
Nordic Capital-backed Thule, a provider of sports and utility transportation equipment, has divested its North American towing systems operations, including the brand Valley, through a management buy-out.
UK - Maven and Matrix back MBO of Westway
Maven Capital Partners and Matrix Private Equity have backed the management buyout of air conditioning provider Westway Cooling Limited, investing £2.55m and £1.54m respectively. The vendor rolled over £500,000 and Co-operative Bank provided term debt...
SWEDEN - SLS Invest backs Gyros with SEK 80m
Life science investor SLS Invest has, alongside Industrifonden, invested SEK 80m into Swedish biotechnology company Gyros. Following the transaction, SLS owns 88% of the company, while Industrifonden will take an 8% stake.
FRANCE - NexStage and Elaia invest EUR 4m in Climpact
NextStage has joined returning investor Elaia Partners in a EUR 4m investment into Climpact, a provider of climate information for business intelligence.
GERMANY - Steadfast Capital acquires Falk & Ross Group
Steadfast Capital has, alongside management, acquired a majority stake in clothing distributor Falk & Ross Group Europe GmbH for an undisclosed purchase price.
UK - EV leads £920,000 Xeros investment
Enterprise Ventures (EV) has led a £920,000 funding round for cleaning technology company Xeros Limited, alongside South Yorkshire Investment Fund, IP Venture Fund and business angels.
UK - Permira-backed Principal Hayley acquires two hotels
Hotel and conference group Principal Hayley, backed by UK buyout house Permira, has acquired two new properties to its group: London's New Connaught Rooms and The Glasgow Central Hotel.
DENMARK - EQT’s Bodilsen files for insolvency
EQT portfolio company Bodilsen, a manufacturer of flat-packed furniture, has filed for bankruptcy after ongoing talks to save the business failed.
UK- Apax-backed Emap to cut 35 jobs
Apax-backed Emap is reportedly to cut 35 jobs in its magazines division, Emap Inform, as part of a restructuring of the unit, which is home to titles including Retail Week and Broadcast.
UK - Equity Partners invests £20m into Moto
New Zealand-based investor Equity Partners Infrastructure Company has invested close to £20m in motorway service operator Moto, in exchange for a 17% stake in the business.
PORTUGAL - GED acquires majority stake in Fase
It is understood that Spain-based private equity firm GED has acquired a 70% stake in Portuguese consultancy business Fase, in a deal valued at EUR 12m. The balance of the equity will be retained by the management team.
UK - MASA and Midven invest £600,000 into Cytox
MASA Life Sciences and Midven have completed a £600,000 seed investment into neuroscience company Cytox Limited, alongside existing investors, management and US-based business angel Dr. Jim Foght, who joins the company as advisor.
ITALY - SICI takes 45% stake in Digitart
Sviluppo Imprese Centro Italia (SICI) has invested EUR 2m into smart house specialist Digitart through a capital increase, taking a 45% stake in the business.
FRANCE - Sofinnova and Dassult invest EUR 4.7m into blueKiwi
Sofinnova Partners and Dassult Sytèmes have invested EUR 4.7m into blueKiwi Software, an enterprise social software company, in a second round of funding.
GERMANY - PE interested in Almatis
Reports suggest that Blackstone and Advent International are among several buyout houses interested in bidding for Dubai International Capital's (DIC) German aluminium business Almatis, which entered debt restructuring talks earlier this month.
FRANCE - BNP PE and XAnge in EUR 2.6m Wedia investment
BNP Paribas Private Equity and XAnge Private Equity have invested EUR 2.6m into software company Wedia.
FRANCE - Crédit Agricole PE invests EUR 3m into Stentys
Crédit Agricole Private Equity has invested EUR 3m into biomedical company Stentys in an extension to its series-B funding round, which was initially raised in March 2008 and saw Sofinnova and Scottish Equity Partners inject EUR 12m into the business.
UK - Wellington Partners leads $10m Enecsys funding
Wellington Partners has led a $10m series-A funding round for micro-inverter company Enecsys, alongside BankInvest New Energy Solutions.
UK - Abingworth et al. invest £15m into Chroma Therapeutics
Returning backers Abingworth Management, Essex Woodlands Healthcare Ventures, Gilde Healthcare, Nomura Phase4 Ventures and The Wellcome Trust have backed a £15m series-D funding round for biotechnology company Chroma Therapeutics.
FRANCE - AGF, CEA and Emertec invest $10m into Alchimer
Existing backers AGF Private Equity, CEA Investissement and Emertec Gestion have invested $10m into Alchimer, a provider of wet depositions processes for interconnections in advanced 3d-packagin applications, in a series-D financing round.