Benelux
NL - New partner at LSP
Dr Joep Muijrers has joined the Life Sciences Partners investment team as partner, operating from the Amsterdam office. Previously Muijrers was a director for corporate finance and capital markets at Fortis Merchant Banking, where he focused exclusively...
LUXEMBOURG - Mangrove invests in Jambaz
Mangrove Capital has reportedly provided seed-financing to Luxembourg-based Jambaz, a creator of a game widget that lets people predict the stock movement on a daily basis while offering cash prices to the most accurate calls. No further details have...
NL - GIMV sells Holonite to Egeria
GIMV has sold its stake in Holonite, a producer of composite stone finishing elements for the construction industry, to Egeria. The transaction price remains undisclosed, but the sale has a positive impact of EUR 5.3m (EUR 0.23 per share) on GIMV’s...
BELGIUM - Netlog receives EUR 5m funding
Index Ventures has led a EUR 5m first round of funding in social networking company Netlog. Other investors in the round were Skype co-founders Niklas Zennström and Janus Friis, as well as Saul Klein and Robin Klein of the Accelerator Group.
NL - DocMorris sold to Celesio
3i, HgCapital and Neuhaus Partners have fully exited their stakes in mail order pharmacy to Celesio AG. The transaction value has not been disclosed. The management team will remain invested in the company holding an approximate 10% stake.
NL - Gilde to acquire Bakkersland Banket
Gilde Equity Management Benelux looks set to acquire Bakkersland Banket BV, a confectioner, from Bakkersland Groep BV. Bakkersland Banket provides pastry products for the Dutch food retail and foodservice markets, as well as for the exportmarket and is...
NL - Aletra to acquire DA Retailgroep
Aletra Capital Partners has reportedly agreed to acquire DA, a retailer of cosmetics and beauty products.
EUROPE - ECB survey says private equity poses limited systemic risk to banking sector
European leveraged buyout activity poses a limited systemic risk to the European banking sector, says a report by the Banking Supervision Committee of the European Central Bank.
EUROPE – US interest in European offers co-invest opportunities but increases valuations
‘The sign of a bubble is when the IPO market goes from push to pull,’ said Gerard Lopez this morning at the Benelux unquote" Private Equity Congress in Luxembourg. The Skype backer explained that valuation levels are increasing and cited the example...
EUROPE – Pipeline of EUR 10bn funds
There is a pipeline of mega funds coming to market in the coming months, according to Stef Oostvogels at law firm Oostvogels Pfister Roemers, speaking at the Benelux unquote" Private Equity Congress in Luxembourg this morning. He indicated that many are...
NL - Permira-owned Nutrilux acquires Provimi from CVC and PAI Partners
Following the announcement in January that Permira was to acquire animal feed producer Provimi from CVC Capital Partners and PAI Partners, clearance has now been received.
NL - CVC and AlpInvest exit entire shareholding in Wavin
Wavin, a provider of plastic pipe systems and solutions, has announced that CVC and AlpInvest have sold their entire shareholding in the company in a block trade to ABN AMRO Rothschild and Fortis Bank. The transaction represents approximately 45.65%...
NL - Doughty Hanson to acquire Norit from Gilde Buy Out Partners
Doughty Hanson has announced that it is likely to reach a final agreement with Gilde Buy Out Partners regarding the sale of Norit. Gilde currently owns a 70% stake in the firm and is understood to have acquired the firm in 2003 for around EUR 150m. No...
NL - Cordys completes EUR 60m equity financing round
Cordys Holding BV, a provider of industry-leading business process management suite (BPMS) enterprise software, has announced the successful completion of a $ 80m (cEUR 60m) financing round. Argonaut Private Equity led the round with an investment of...
EUROPE - unquote'' Benelux Private Equity Congress
unquote” is excited to bring you the second unquote” Benelux Private Equity Congress, on 19 April 2007 in Luxembourg.
NL - Van den Ende & Deitmers invests in Advance
The Crossmedia Fund of Van den Ende & Deitmers has acquired a 30% stake in Advance.
NL - Wessanen and Rabo Capital to merge frozen snack business
Royal Wessanen and Rabo Capital have come to an agreement with the intention to set up a new company that merges the activities of Habek Snacks and Wessanen in ragout rolls ('kroketten'), hamburgers, meat rolls (‘frikandellen’) and halal snacks. Wessanen...
NL - Dutch House of Representatives questions private equity
Dutch politicians and leading private equity and hedge funds players yesterday convened at a round table conference, organised by the Dutch House of Representatives, to exchange ideas on the influence of hedge funds and private equity on the Dutch economy.
BELGIUM - KBC invests in Multi Media Services Groep
KBC Arkiv, the joint subsidiary of KBC Private Equity and Arkimedes, has invested in Multi Media Services Groep (MMS Group), a distributor of home entertainment products such as DVDs, audio CDs and games. No further details have been disclosed. This is...
NL - Iris Capital and GIMV acquire majority share in Human Inference
Iris Capital and GIMV have acquired a majority stake in Human Inference, European market leader in the field of data quality solutions.
NL - ProFibrix closes $11m Series A financing round
ProFibrix BV, a Leiden-based biotech company focused on products to stop bleeding and initiate tissue repair, has closed a Series A financing round raising $11m. The round was led by Index Ventures and backed by some of the current share holders of ProFibrix....
BELGIUM - Candover to invest in excess of EUR 50m in Ontex
Ontex has agreed to a financial restructuring which will see its private equity backer Candover inject more than EUR 50m into the business. Candover's stake is understood to rise to more than 80% following the restructuring. Merrill Lynch has reportedly...
NL - Bridgepoint acquires Wolters Kluwer Education for EUR 774m
Bridgepoint has announced that it has acquired Wolters Kluwer Education (WKE) in a transaction which values the company at EUR 774m. Debt was provided by ING and Société Générale.
NL - Bridgepoint to acquire Wolters Kluwer education division
Wolters Kluwer, the Dutch publishing group, is understood to have agreed the sale of its education division to Bridgepoint Capital in a deal worth more than EUR 750m.