France
GLOBAL - Bear Stearns private equity arm to spin out
Bear Stearns Merchant Banking, the private equity arm of investment bank Bear Stearns, is to spin out into an independent company.
GLOBAL – Lime Rock closes fifth fund on USD 1.4bn
Lime Rock has closed its fifth fund, Lime Rock Partners V LP, on USD 1.4bn. The fund will continue the firms focus on global growth capital opportunities in energy projects.
FRANCE - Financière Agache Private Equity takes 37% of Paprec
Financière Agache Private Equity, part of Groupe Arnault, has taken a 37.74% stake in recycling business Paprec for EUR 100m. The founder and CEO Jean-Luc Petithuguenin has rolled over a 38% holding through holding company JLPP.
EUROPE - Carlyle closes third European real estate fund on EUR 2.2bn
The Carlyle Group has closed its third European real estate fund, Carlyle Europe Real Estate Partners III (CEREP III), on EUR 2.2bn, exceeding its EUR 1.5bn target. Including leverage, the vehicle will have an investment capacity of EUR 9bn.
FRANCE - Avenir takes a 28% stake in Tiger Wok
Avenir Entreprises has taken a 28% shareholding in the Tiger Wok restaurant chain.
GLOBAL - Intel defies economic downturn
Despite the global credit meltdown and resultant sombre sentiment in the investment markets, Intel Capital has invested more than $60m across ten deals in the last couple of weeks.
FRANCE - AXA PE closes fourth fund on EUR 1.6bn
AXA Private Equity has closed its fourth fund, AXA LBO Fund IV,on EUR 1.6bn.
EUROPE – Björn Savén as executive chairman of Industri Kapital
Industri Kapital has appointed BjУЖrn SavУЉn as executive chairman.
FRANCE - Demeter et al invest EUR 10m in The Le Floch Group
Demeter Partners, Ouest Croissance and CM-CIC have invested EUR 10m in waste management business The Le Floch Group.
FRANCE - Demeter Partners set to launch EUR 200m fund
Demeter Partners is set to launch its new EUR 200m fund Demeter 2. According to reports the new fund is set to be launched before the start of the summer and is expected to close before the end of 2008.
FRANCE - Weinberg Capital Partners takes majority stake in Groupe Amplitude
Weinberg Capital Partners has acquired a majority stake in hip and knee implant specialist Groupe Amplitude alongside the founders and original investor Initiative & Finance.
FRANCE - AtriA divests Rivard
AtriA Capital Partenaires has exited its holding in portfolio company Rivard, a provider of industrial cleaning machines, in a trade sale to Alamo Group Inc.