Deals
Buyout focus - Southern European sunshine
As Europe licks its fresh wounds, Italy and Portugal are making hey, but can the sunshine last in Southern Europe or will the storm clouds from the rest of Europe blow in? By Francinia Protti-Alvarez
NETHERLANDS - KKR-backed NXP in $600m debt swap
Creditors of KKR-backed Dutch semiconductor business NXP have agreed to swap approximately $600m of loan notes for new secured bonds, in a move which sees the company's debt reduced by around $465m.
ITALY - Permira-backed SEAT PG to raise EUR 200m
Listed publishing firm SEAT Pagine Gialle, which is backed by a private equity consortium comprising BC Partners, Permira, CVC Capital Partners and Investitori Associati, has launched a rights issue to raise EUR 200m.
BELGIUM - Gimv invests in Bananas BC
Belgian private equity house Gimv has made an undisclosed investment into marketing business Bananas BC.
FRANCE - PAI-backed Yoplait buys Dairy Crest’s share of venture
PAI partners portfolio company Yoplait has acquired Dairy Crest's 49% stake in their joint venture Yoplait Dairy Crest for £63.5m.
SWEDEN - Segulah-backed Nordform to merge with Peab subsidiary
Segulah's portfolio company Nordform, a supplier of pre-fabricated concrete products for infrastructure, is to merge with S:t Eriks, a subsidiary of the construction company Peab. Following the transaction, Segulah will be the majority owner of the new...
UK - Mercia et al raise £1m for Warwick Effect Polymers
The Mercia Technology Seed Fund, Catapult Venture Managers and Oxford Technology have participated in a £1m funding round alongside private investors and management for polymer chemistry company Warwick Effect Polymers Ltd (WEP).
FRANCE - AXA PE takes 25% stake in Goto Software
AXA Private Equity has acquired 25% of software producer Goto Software.
NORWAY - HitecVision sells Technor to Simtronics
HitecVision has sold portfolio technology company Technor AS to listed sector rival Simtronics for a total consideration of NOK 186.9m payable partly in cash and partly in Simtronics shares. Following the transaction, HitecVision will become Simtronics...
FINLAND - Health Cap and LSP back EUR 5.7m Nexstim investment
Existing investors Health Cap and Life Sciences Partner (LSP) have, together The Finnish Funding Agency for Technology and Innovation (TEKES), invested close to EUR 6m into medical device company Nexstim Oy.
FRANCE - AXA PE et al. exit B3G in EUR 40m deal
AXA Private Equity, BNP Paribas subsidiary Orkos Capital and Partech International have wholly exited their respective interests in B3G Telecom, an IP Centrex specialist, in a EUR 40m sale to Completel, a corporate telecommunications service business...
SPAIN - Platina backs EUR 134m solar investment
Renewable energy investor Platina has backed Madrid-based portfolio company Anemoi Renovables in a EUR 134m investment into three major Spanish solar energy projects.
BELGIUM - Gimv invests EUR 75m into Vandemoortele Group
Gimv, through its XL fund, is to invest EUR 75m into food business Vandemoortele Group.
UK - LCA invests £300,000 into ResponsiveLoad
Low Carbon Accelerator has invested £300,000 into electrical technology company ResponsiveLoad Ltd, trading as RLtec.
DENMARK - Polaris creates Alliance+
Polars Private Equity has completed the acquisition of two cleaning companies, Kølving & Thaning and Alliance Clean & Care, which will be merged under the name Alliance +.
ITALY - Orlando and Atlantis interested in Diadora
Market speculation suggests that Orlando Italy and Atlantis Capital are interested in acquiring sport apparel business Diadora.
ITALY - De Longhi interested in PAI’s Saeco
According to reports, Italian household appliance brand De' Longhi is one of several corporate groups to have expressed interest in acquiring PAI-backed coffee machine manufacturer Saeco.
ITALY - Carlyle interested in Italpretroli storage assets
According to reports, Carlyle is among the three parties interested in acquiring the oil storage assets of Italpetroli, which to be valued at between EUR 90-100m.
ITALY - DGPA-backed Mida acquires MCG Grafica in EUR 2.8m deal
DGPA-backed Mida, a producer of adhesive labels used in the pharmaceutical and related sectors, has acquired MCG Grafica, a manufacturer of labelling sleeves, in a deal valued at just under EUR 3m.
AUSTRIA - Private equity circles Constantia
According to press reports, several private equity funds including EQT and Nordic Capital are entering the second round of bidding for heiress Christine de Castelbajac's stake in listed holding Constantia Packaging.
AUSTRIA - Recap-backed Sariana files for insolvency
Recap Management-backed lingerie company Sariana Fashion GmbH has filed for insolvency.
FRANCE - Former Apax portfolio company rescued by Beaumanoir
Clothing company Beaumanoir has received legal approval for its bid to acquire womens prêt-a-porter fashion brand Morgan, which was formerly backed by Apax Partners but went into administration over the Christmas period.
UK - Imperial and EF support £330,000 SSA funding
Imperial Innovations and EF Investments, alongside the National Endowment for Science, Technology and the Arts (NESTA), have invested £330,000 into medical devices company Smart Surgical Applicances (SSA).
FRANCE - Crédit Agricole PE backs Exosun with EUR 4.5m
Crédit Agricole Private Equity, through the Crédit Agricole PE Capenergie fund, has backed renewable energy business Exosun with an investment of EUR 4.5m.