Deals
NETHERLANDS – PPM Oost backs ProductIP
PPM Oost (East Netherlands Participation Company) has invested an undisclosed sum in business support services firm ProductIP. The investment was made possible with EU ERDF funds and a contribution from the province of Gelderland.
GERMANY – Yellow&Blue joins P21 backers in EUR 10m round
Yellow&Blue Investment Management has led a EUR 10m financing round in P21 GmbH alongside management and existing investors Target Partners and Conduit Ventures.
UK - AnaCap to acquire Ruffler
AnaCap Financial Partners has agreed to acquire UK-based Ruffler Bank from Roy Ruffler, the company's main shareholder, for an undisclosed sum. The transaction will see Phillip Monks become CEO of the company, leading a new management team joining from...
GERMANY – Consortium offers debt restructuring to PAI partner’s Monier
According to reports, a consortium of distressed investors including Apollo Management, TowerBrook Capital and York Capital have approached the lenders of roofing material company Monier GmbH with a debt restructuring proposal. The investors have already...
NETHERLANDS - Oranje-Nassau sells oil & gas assets for EUR 630m
Oranje-Nassau Groep, a part of Wendel SA, has sold its oil & gas division to a consortium led by energy company Dyas UK, a subsidiary of family-owned SHV Holdings, in a deal valued at EUR 630m.
UK/SPAIN - Nordic Venture and LongAcre divest Player X
Nordic Venture Partners and LongAcre Partners backed entertainment company Player X has been acquired by Spanish mobile content and service provider Zed Group (formerly La Netro Zed), owned by US private equity firm Veronis Suhler Stevenson (VSS). The...
SWEDEN - Priveq takes over 3i stake in Carmel Pharma
Priveq Investment has acquired 3i's 26% stake in medical equipment company Carmel Pharma for an undisclosed sum. The company was part of 3i's Nordic venture portfolio which is understood to be up for sale.
NORWAY - IK-backed Kid in talks with bank over ownership change
IK Investment Partner's (IK) portfolio company Kid Interiør, a textile retail business, is in discussions with its main sponsor Norwegian bank DnB NOR regarding a transfer of ownership to the bank after running into trouble over its loans.
UK - Eden Ventures et al. further invest in VoiceVault
Eden Ventures has further invested in Biometric Security's VoiceVault, the specialist provider of voice-based biometric identity verification solutions, as part of a £1.5m round of funding. Software development expert Kevin Lomax also contributed and...
GERMANY/ITALY - Mid Europa Partners sells three companies to CER
Mid Europa Partners has sold three companies to CER Europe Holdings, a portfolio company of Atlas Holdings.
UK/US - Irving and Oaktree acquire Chesapeake from administration
Irving Place Capital and Oaktree Capital Management have acquired consumer packaging supplier Chesapeake Corporation from chapter 11 bankruptcy proceedings in a deal valued at $485m. Management also invested for a stake in the business.
BELGIUM – Gimv and Capricorn in EUR 3m round for NovoPolymers
Gimv and Capricorn have co-led a EUR 3m series-A round of funding for Belgian cleantech company NovoPolymers.
GERMANY – HTGF and Hannover Innovations back Rodos BioTarget
High-Tech Gruenderfonds and Hannover Innovations Fonds have provided start-up financing for biotechnology firm Rodos BioTarget GmbH.
UK - NSEI backs £610,000 MySapient funding
NorthStar Equity Investors (NSEI) has invested £420,000 into virtual gaming site MySapient as part of a £610,000 funding round, with management and directors holding the balance.
SPAIN - AC Desarrollo ups its stake in Musgo to 87.5%
AC Desarrollo, the private equity arm of Grupo Ahorro Corporación, has carried out a capital increase in chain retailer Musgo - upping its stake to 87.5%.
UK - Gresham-backed Betts acquired by lenders
Gresham-backed toothpaste tube maker Betts Global has been acquired by its lenders in a pre-pack administration after breaching its banking covenants.
SPAIN - Mercapital takes majority stake in Grupo Diagnóstico
According to reports, Mercapital has acquired a majority stake in medical imaging firm Grupo Diagnóstico Recoletas.
NORWAY - AAC acquires road assistance business in Norway
AAC Capital Partners has, alongside company management, acquired a substantial stake in Norwegian road assistance company Viking Redningstjeneste (Viking) from Suletac Holdings.
FRANCE - Citizen Capital invests EUR 800,000 into G2J
Citizen Capital has invested EUR 800,000 into video-conference company G2J, taking a minority share in the company.
FRANCE – PAI partners denies public offer for Kaufman & Board
Following market rumors, PAI Partners has stated that it does not intent to make a public offer for the outstanding Kaufman & Board shares it does not yet own. PAI currently hold a 85.66% share of the property developer.
FRANCE - CDC-backed Artesys buys Naviline
CDC Capital Innovation-backed Artesys, an information services company, has purchased sector player Naviline from the Soft Company and merged the businesses to create Groupe Artesys.
SLOVENIA - Mid Europa acquires UPC
Mid Europa Partners has wholly acquired Slovenian cable and broadband operator UPC Slovenia from Liberty Global Inc.
SWEDEN - Sustainable Technologies Fund and InnKap back Hexaformer
Sustainable Technologies Fund has alongside existing investor InnovationsKapital (InnKap) invested SEK 35m into Hexaformer, a Swedish developer of transfomer technology and reactor solutions.
FRANCE - AXA PE cede Daum to La Financière Saint-Germain
AXA Private Equity has ceded its majority stake in crystal-producer Daum to La Financière Saint-Germain, a holding company owned by Prosper Amouyal.