France
EdRIP invests in secondary OBO of Itesa
Edmond de Rothschild Investment Partners (EdRIP) has taken a minority stake in the owner buyout of French security equipment distributor Itesa, allowing existing backer MBO Partners to exit the business.
Vermeer injects €7m into Compagnie de Bel Air
Vermeer Capital Partners has invested €7m in French campsites operator Compagnie de Bel Air in exchange for a minority stake, according to local media reports.
McDermott Will & Emery promotes two in Paris office
Law firm McDermott Will & Emery has promoted Nicolas Lafont (pictured) and Lionel Lesur to partner positions in its Paris office.
Naxicap set for Thermocompact P2P
Naxicap Partners is set to take French metallic surface coating specialist Thermocompact private in a transaction that would value the business at nearly €50m.
CDC Entreprises et al. invest $10.5m in DelfMems
CDC Enterprises, Iris Capital, Vives, Capitalaria and other investors have provided French technology company DelfMems with a $10.5m series-B round of funding.
Industries & Finances hits first close for third fund
French buy-and-build specialist Industries & Finances Partenaires (I&F) has held a €60m first close for its third fund, less than six months after launch.
Axa PE to arrange unitranche for IPH buyout
PAI partners is believed to be looking to raise a €180m unitranche facility from Axa Private Equity to finance its buyout of industrial supplies distribution company IPH.
Elaia backs Sensorly with €1m
Elaia Partners has provided French wireless coverage maps developer Sensorly with a €1m series-A round of funding.
Moleskine: a jewel in Italy's crown
Moleskine IPO
Butler-backed Virgin Megastore files for insolvency
Virgin Megastore, a French retail chain backed by turnaround investor Butler Capital, has filed for insolvency.
French private equity's 2012 highlights
Last year is likely to be one to remember for French private equity practitioners – but not necessarily for the right reasons. Unquote” looks back on five significant developments that took place in 2012.
Groupama completes disposal of private equity unit
French insurer Groupama has sold Acto Mezzanine and fund-of-funds Quartilium – the remaining entities of Groupama Private Equity – to ACG Private Equity.
LBO France hires new director
French private equity firm LBO France has appointed Vincent Briançon as a director.
21 Centrale buys Oberthur from TCR Capital
21 Centrale Partners has bought French stationery manufacturer Oberthur from TCR Capital.
Gimv buys ProxiAD from UI Gestion
Gimv has acquired a majority stake in French software engineering services provider ProxiAD from UI Gestion.
Alpha to acquire two brands from PPR group
Alpha has been granted exclusivity to buy French clothing brands Vertbaudet and Cyrillus from Redcats - a PPR subsidiary - for a total enterprise value of €119m.
Groupama edges closer to PE arm disposal
French insurer Groupama has sold an 82% stake in the two funds managed by its private equity arm Acto Capital.
NiXEN misses €300m target for second fund
French GP NiXEN Partners has closed its NiXEN II fund on €164m, well short of its initial €300m goal.
Merry Christmas from unquote"
The unquoteт team would like to wish all our readers a Merry Christmas and a Happy New Year.
Spanish GPs set sights on Latin America
Latin America
Headcount and turnover on the rise for French PE-backed businesses
French private equity-backed companies have seen their turnover and headcount grow by 9.1% and 5.2% respectively in 2011, according to a recent study by trade body AFIC and Ernst & Young.
Régie Linge Développement sale process stalled
The sale process of Sagard-owned Régie Linge Développement (RLD), a French business specialising in the rental and laundering of work wear, has reportedly stalled over debt concerns.
EdRIP leads €13m series B round in Poxel
Edmond de Rothschild Investment Partners (EdRIP) has led a €13m series-B round for French biopharma company Poxel.
Silverfleet buys La Fée Maraboutée for €65m
Silverfleet Capital has acquired French womenswear specialist La Fée Maraboutée (LFM) in a €65m primary buyout.