Deals
RUSSIA - PPF to acquire 51% stake of Eldorado
Czech Republic-based private equity firm PPF Group is said to be in the process of acquiring a 51% stake in Russian electronics retailer Eldorado.
UK - Accel further supports Cambridge Broadband
Return backers Accel Partners, Adara, Amadeus Capital Partners and TVM have invested $7.5m into Cambridge Broadband.
SPAIN - Bullnet backs Códice Software
Bullnet Capital has invested in software developer Códice Software.
SPAIN - Bridgepoint interested in Cintra
According to reports, Bridgepoint is among the interested bidders for Ferrovial's parking lot division Cintra valued at approximately EUR 500m.
GERMANY - Private equity-backed Märklin files for insolvency
Kingsbridge and Goldman Sachs-backed toys company Märklin has filed for insolvency.
GERMANY - CornerstoneCapital backs MBI of Integrata AG from Logica
CornerstoneCapital has, together with the buy-in managers Ingmar J Rath, Gerhard Wächter and Dr Andreas Dahmen, acquired software training business Integrata AG from Logica.
ITALY - Kingsbridge in talks over IT Holding
Market rumour suggests that private equity fund Kingsbridge is in talks with listed IT Holding, an Italy-based fashion group operating in the luxury goods market, over a EUR 100m investment in the debt-laden group.
GLOBAL - TPG sale talks collapse
US private equity house TPG Capital has, according to reports, broken off talks to sell a stake of the firm to investors.
UK - August-backed Enara completes dual acquisitions
August Equity-backed care home business Enara Group has completed the acquisition of Companions Care and Freshfold Homecare Ltd, two providers of home care services to the elderly .
SWEDEN/BELGIUM - CVC abandons Posten merger; acquires De Post-La Poste stake
CVC has pulled out of the proposed merger between Danish postal system Post Danmark AB, in which it holds a 22% stake, and Swedish carrier Posten AB, and simultaneously acquired Post Danmark's stake in the Belgian postal service De Post - La Poste for...
NETHERLANDS - DSM Special Products sale to Arsenal falls through
The sale of chemicals business DSM Special Products BV to US-based Arsenal Capital Partners will not be completed due to provisions imposed by the European Commission. The deal was originally announced on 3 March 2008.
UK - EV further supports Acal Energy and Medalytix
Enterprise Ventures (EV) has provided further funding to portfolio companies Acal Energy, a fuel cell business, and medical screening business Medalytix.
GERMANY - Carlyle-backed Edscha files for insolvency
The Carlyle Group's portfolio company Edscha has filed for insolvency.
ITALY - Alto Partners completes capital increase in IDM for add-on acquisition
Alto Partners SGR has increased its investment in Italian service company Integra Document Management (IDM) through a capital increase, completing the acquisition of the entire capital of Anacomp Italia Srl.
POLAND - Penta acquired Okna Rabien
Czech private equity firm Penta Holding Ltd has acquired Polish windows and glass doors maker Okna Rabien.
ITALY - BS Private Equity acquires TiNet for EUR 47m
BS Private Equity has acquired Tiscali International Network (TiNet) in a deal valued at EUR 47m.
UK - Lyceum exits SPI Group
Lyceum Capital has exited SPI Group, a building services company.
GERMANY - Siemens Venture Capital invests EUR 10m into Maxxtec
Siemens Venture Capital has invested EUR 10m into Maxxtec AG for a 20% stake.
GERMANY – Bmp backs Motor Entertainment
Bmp AG has acquired an 11% stake in Motor Entertainment GmbH from I-D Media AG.
UK - Foresight invests £3.25m in @Futsal
Foresight Group has invested £3.25m in @Futsal Ltd, a facilities management company.
SWEDEN - 3i divests DIAB stake to Ratos in SEK 400m deal
3i has sold its 48% stake in core materials manufacturer DIAB Group AB to co-investor Ratos in a deal valued at approximately SEK 400m.
UK - LDC acquires Quantum Specials in £32.5m deal
LDC has acquired medicine supplier Quantum Specials in a management buyout valued at £32.5m.
Buyout outlook - 2009 already written off
Europe will not see signs of a return to economic health until 2010 at best, suggests a new survey. By Mareen Goebel