PIPEs
FRANCE – Apax set to buy shares in Altran
Apax Partners will take part in a EUR 130m capital increase in Altran Technologies Company by July 31. The price per share price will be between EUR 5 and EUR 6.
GERMANY - JC Flowers leads Hypo investment
A private equity consortium led by JC Flowers is poised to take a 24.9% stake in property finance group Hypo Real Estate (HRE).
Public markets and private equity
Conditions in the public markets present an opportunity on the acquisition front but restrict exit options
FRANCE – Wendel raises interest in Saint-Gobain to 20%
Wendel’s interest in listed company Saint-Gobain has been raised to 20.6% giving them 19.6% of the voting rights.
UK - Patron invests £23m in Powerleague
Patron Capital Partners has acquired a minority stake in Powerleague, a commercial operator of 5-a-side football centres.
FRANCE – Sofinnova becomes shareholder in PC30
Sofinnova Partners has taken a shareholder participation in Paris Stock Exchange-listed IT solutions company PC30.
SWITZERLAND - Lion Capital acquires 32% stake in Hiestand
Lion Capital has agreed to acquire a 32% stake in Hiestand Holding AG, a publicly-traded company listed on the SWX Swiss Exchange. The Hiestand Group is an international service provider of convenience deep-frozen bakery products, in Switzerland, Germany,...
ITALY - Morgan Stanley acquires 16% stake in Agorà Investimenti
Morgan Stanley Infrastructure and Finanziaria Internazionale have signed an agreement to acquire a 16.4% stake in Agorà Investimenti.
Public vs. Private Equity – Monkeys vs. Innovators and Explorers
Dr Thomas Meyer explores the origins of the limited partnership structure and looks at the co-existence of the public and private markets.