Deals
ITALY – Intesa Sanpaolo sells stake in yacht maker
Intesa Sanpaolo has sold its 12% stake in yacht manufacter, Azimut-Benetti. The deal comes after the agreed investment period came to an end.
UK - Biffa rebuffs HgCapital and Montagu again
Biffa has rejected a second offer pitched at 330p per share from suitors HgCapital and Montagu Private Equity. The waste disposal company has been in the sights of the bidding consortium since early September. The latest offer values the business at ТЃ1.2bn....
UK - Graphite backs £100m secondary buyout of Alexander Mann
Graphite Capital has backed the ТЃ100m secondary management buyout of Alexander Mann Solutions (AMS) from Advent International. AMS is a provider of recruitment process outsourcing solutions to blue-chip companies worldwide. Graphite invested ТЃ50m in...
UK - Infinity invests £2m in invoice discounting start-up
Infinity Asset Management has completed its first deal, investing ТЃ2m in invoice discounting and factoring business Positive Cash Flow Finance. Infinity's funding has been supported by a ТЃ25m debt package supplied by Lloyds TSB. Positive was established...
UK - Aberdeen invests additional £2m in Transys
Aberdeen Asset Managers Growth Capital has completed a ТЃ2m follow-on investment in Transys Holdings Ltd, a rail maintenance business. Aberdeen originally completed the management buyout of the Birmingham-based company in 2002, investing ТЃ1.65m for a...
FRANCE - Streamezzo raises EUR 15m from existing investors
Mobile content software business Streamezzo has raised an additional EUR 15m from Sofinnova Partners, AXA Private Equity, I-Source Gestion, Qualcomm and NTEC.
GERMANY – AFINUM Management acquires d&b audiotechnik AG
AFINUM Management GmbH has acquired d&b audiotechnik AG for an undisclosed sum. The company develops, manufactures and distributes loudspeakers and amplifying systems. Headquartered in Backnang, the company operates under the brand d&b, and has sales...
SWITZERLAND - Sofinnova Ventures leads CHF 36m funding for PregLem SA
San Francisco-based Sofinnova Ventures has led a series-B funding round for Swiss company PregLem SA. Sofinnova has already provided seed capital and acted as lead investor in the series-A round. MVM Life Science Partners LLP, based in London, and NeoMed...
FRANCE - 21 Centrale Partners sells Alltub to management and Naxicap
21 Centrale Partners has sold containers and packaging business Alltub back to its management, supported by Naxicap Partners.
FRANCE - ING Parcom buys Safic Alcan from Alpha
ING Parcom Private equity has agreed to back the secondary buyout of chemicals distributor Safic Alcan from Alpha Associés Conseil.
SPAIN/US – BBVA backs internet service provider
MyStrands has received an investment by BBVA of approximately EUR 16m. Existing investors Sequel and Debaeque Venture Capital have also been involved in this round. Earlier this year a consortium including Debaeque Venture Capital invested a total of...
ITALY – Euraleo and 21 Partners promote public offer
Euraleo and 21 Partners have announced to the Italian regulatory body Consob, their intention to promote a mandatory public offer on the shares in Sirti.
UK - YFM leads £630,000 BeCheeky investment
YFM Group has led an investment of ТЃ630,000 into BeCheeky.com, a specialist retailer of hard-to-find and selected mainstream lingerie.
NORWAY - Sarsia Seed invests in WindSim AS
Sarsia Seed has acquired a minority stake in WindSim AS, a Norwegian software provider for windmill companies. The new capital will be used to fuel the business’ organisation in order to better respond to market demand, and to develop further products....
CZECH REPUBLIC - Warburg Pincus acquires NetCentrum
Warburg Pincus has acquired NetCentrum, the second largest internet company in the Czech Republic. The co-founders are retaining a minority stake, and the shareholders will reinvest part of the transaction proceeds in the company.
CEE - Providence invests EUR 136m in Volia Cable
Providence Equity Partners has invested over EUR 136m in Volia Cable in the largest private equity transaction in Ukraine. Volia Cable was controlled by UGF III, a SigmaBleyzer-managed private equity fund, which still retains an undisclosed equity stake...
FRANCE - Sigefi backs restructuring of Adequat
Sigefi Private Equity, the management company of the Siparex Group, has backed the restructuring of Adequat group, a provider of temporary employment services.
ITALY – Arca Impresa transfers control of Cemp to Indian company
Arca Impressa has transferred 100% of its stake in Cemp to ABG Engineering & Constructions in a deal based on the EUR 27m company value. The company is backed by Indian GP Tano Capital.
UK - Warburg Pincus sells LMG for £368m
Warburg Pincus has sold LMG, the owner and operator of the Nectar programme, to Aeroplan for a total consideration of ТЃ368m. Toronto Stock Exchange-listed Aeroplan is a leading loyalty marketing agency in Canada.
SWEDEN - Ratos and 3i complete refinancing of DIAB
Ratos and 3i have completed a refinancing of DIAB for SEK 1bn, of which Ratos will receive SEK 500m. The company’s strong performance in recent years enabled the refinancing, which gives the company a more efficient capital structure.
FRANCE - CAPE backs MBO of Groupe Pommier
Crédit Agricole Private Equity (CAPE) has completed the management buyout of industrial machinery business Groupe Pommier.
SPAIN – MCH backs weapons manufacturer
Private equity group MCH has invested in Spanish weapons manufacturer Industrias El Gamo, in a deal valued at approximately EUR 70m.
UK - Emap auction nears final stages
Apax Partners is understood to be the front-runner in the race to acquire Emap's B2B publishing division. Apax's offer includes financing from Guardian Media Group. Apax owns a substantial minority stake in Auto Trader publisher Trader Media Group, which...
ITALY/UK– Investindustrial acquires English perfume maker
Morris Profumi, an Investindustrial portfolio company, has acquired Atkinsons in a deal that would put the company’s 2007 turnover at around EUR 100m.