France
Boehringer Ingelheim launches €100m corporate venture fund
Pharmaceuticals giant Boehringer Ingelheim has launched the Boehringer Ingelheim Venture Fund, a €100m corporate venture vehicle.
Sun European bids for Rio Tinto’s Alcan Beauty
Private equity investor Sun European Partners has made a binding offer to acquire Alcan Beauty Packaging from Rio Tinto.
Good things come in small-cap packages
Small-cap buyouts: a resilient and promising sector. Deborah Sterescu reports.
Riverside boosts deal origination team with new hire
Global private equity firm Riverside has boosted its deal origination team for the education sector with the appointment of Robert Bowen as senior adviser.
OFI acquires additional 22% stake in Dessange
OFI Private Equity Capital has acquired a further 21.61% of the share capital of Dessange International from the founding owner Jacques Dessange.
LPs make their move at ILPA meeting
The private equity world used to be run by GPs. There is now abundant evidence that this is no longer the case, as LPs are beginning to dictate terms. A meeting between buyout chiefs and their investors in New York today could lead to further change....
EdRIP purchase 25% holding in Geotec
Edmond de Rothschild Investment Partners (EdRIP) has acquired a 25% stake in Geotec Group, an industrial services company, in an OBO deal.
Sigma leads investment round in Lekiosque.fr
Sigma Gestion has led a first round of financing in Lekiosque.fr, an online publisher, by providing over >€1m alongside returning investors, a family office and private individuals.
Platina closes renewable energy fund on €209m
Renewable energy and turnaround investor Platina Partners LLP has reached the closing of its European Renewable Energy Fund (EREF) with total commitments of €209m.
Oddo PE injects ActivNetwork with €2.5m
Oddo Private Equity has led a €2.5m investment in ActivNetwork, a technology company, alongside Bouygues Telecom Initiative.
Private equity philanthropy: taking responsibility
With more people (and particularly investors) becoming socially and environmentally conscious, private equity firms are keener than ever to demonstrate their commitment to a responsible investment ethos. Mareen Goebel investigates.
KKR sells 4.4% stake in Legrand
KKR is to sell a 4.4% stake in Legrand, an electrical equipment company.
Astorg sells Geoservices to Schlumberger
Astorg Partners has sold French oil-field services firm Geoservices to Schlumberger in a deal valuing the company at $1.07bn.
Private equity embraces environmental due diligence
With the launch of Carlyle and EDF’s analysis tool for environmental due diligence, Francinia Protti-Alvarez finds that putting green issues on the agenda makes financial sense.
3i closes growth fund on €1.2bn; open to new investments
Further strengthening its position in the markets, 3i has just announced the final close of its Growth Capital Fund on €1.2bn, and has made it clear that the firm will continue to look for new investment opportunities.
Debt markets go full circle
With senior leverage loans on the secondary debt market trading at around par, investors are returning to the primary market. Emanuel Eftimiu reports
Siparex to acquire part of UFG PE
Siparex, parent company of Sigefi Private Equity, is in exclusive negotiations with UFG-LFP to acquire part of its UFG Private Equity division.
Eurazeo appoints new board member
Eurazeo has appointed Fabrice de Gaudemar as a member of its executive board. He bas been a member of Eurazeo's Executive Committee since 2007, and is a member of Europcar Groupe's Board of Directors as Eurazeo's representative.
Avenir supports Initiatives & Energies Locals
Avenir Entreprises and Esfin Participations have invested in Initiatives & Energies Locals, a company specialsed in green energy solutions.
Elliot Advisors et al. support new €8m investment in Tagsys
Elliot Advisors, Endeavour Vision, Add Partners, DFJ Esprit and Saffron Hill Ventures have provided Tagsys, a semiconductor company, with an € 8m investment in a D-round of financing. The company has previously received $80m in investments.
Lexington Partners holds interim closing on $3bn
Secondaries specialist Lexington Partners has held an interim closing of its seventh fund, Lexington Capital Partners VII, on just over $3.1bn.
ICG Recovery Fund set to close
As the first quarter of the year comes to a close, recovery remains at the top of many businesses’ agendas as more of them struggle to repay their loans. Firms like ICG are looking to take advantage of these situations with its new Recovery vehicle....
Apollo to offer $50m worth of shares in IPO
Apollo Management is considering offering up to $50m worth of shares in an IPO on the New York Stock Exchange, according to a regulatory filing revealed yesterday.
France unquote March 2010
The industry expected 2010 would bring a few more exits to the table. For a while there was reason for these hopes to be high and many appeared to toy with the idea of IPOs returning. However, only some materialised often failing to meet expectations....