France
EUROPE - New fund Vitruvian closes on EUR 925m
New middle-market private equity firm, Vitruvian Partners, has closed its maiden fund, Vitruvian Investment Partnership (VIP), on EUR 925m, exceeding its EUR 900m target.
FRANCE – LBO France backs Tiama's acquisition of SGCC
LBO France has backed a secondary LMBO deal in which its portfolio company Tiama Group acquired SGCC Group. The deal saw Atria Capital Partners exit its 90% share in SGCC. SGCC’s entire management team led by Luc Boulant joined Tiama’s management team...
FRANCE – Sofinnova becomes shareholder in PC30
Sofinnova Partners has taken a shareholder participation in Paris Stock Exchange-listed IT solutions company PC30.
AUSTRIA/FRANCE - 21 Centrale Partners and Quadriga inject capital into Palmers
21 Centrale Partners and Quadriga are backing Austrian women's underwear manufacturer Palmers Textil AG to acquire French company Lejaby SAS, for EUR 32.5m in cash, from US-based The Warnaco Group. A further interest-free note of EUR 12.5m is due by the...
FRANCE – Chequers Capital strengthens team
Chequers Capital has appointed four new associates. Axelle Dumousset and Xavier Morion both previously worked in the structured finance department of Société Générale since 2005. Xavier Poitevineau was previously working in BNP Paribas’ M&A and corporate...
FRANCE - Pragma Capital closes second fund on EUR 345m
Pragma Capital has closed its second fund Pragma II on EUR 345m. The fund exceeded its target by EUR 45m. It will seek to invest between EUR 10m and 35m in companies with a value of between EUR 50m and EUR 250m.
FRANCE – Innovacom invests EUR 2m in Dimelo
Innovacom has invested EUR 2m in Dimelo through its fund Innovacom for a minority share of the company.
FRANCE – Pechel holds second close of fund on EUR 101m
Pechel Industries Partenaires has held a second close of new fund Pechel Industries III on EUR 101m. The fund will be used to invest in development capital and LBOs in small to mid-sized French companies with equity commitments of EUR 7-20m per deal....
FRANCE – Atria backs MBO of Abcd
Atria Capital Partenaires has backed the MBO of Abcd from Affine. Atria will become the majority shareholder in the new holding vehicle Abcdgroup with the management team led, by founders Patrick Canac and Francis Robert, taking a minority stake.
ITALY/FRANCE - 360° Capital closes fund on EUR 100m+
360° Capital Partners has announced the closing of its latest vehicle on over EUR 100m.
FRANCE – Sofinnova Partners leads EUR 2.5m financing of Neosens
Sofinnova Partners has led Capricorn Cleantech Fund and GALIA Gestion as well as former investors ICSO Private Equity and IRDI in a EUR 2.5m financing round for Neosens.
FRANCE - UFG Private Equity takes 15% in Mastrad Finance
UFG Private Equity took a 14.85% stake in Mastrad Finance, the holding company for Mastrad, via its two funds Diadème 2 and Diadème 3. The management retains 73.26% while Siparex has 11.89%.
FRANCE - Marc Devillard joins Crédit Agricole PE
Marc Devillard has joined Crédit Agricole Private Equity's Venture Capital team as investment director for the software and internet sectors.
FRANCE - H.I.G strengthens team
HIG Europe, the European affiliate of H.I.G. Capital, has appointed Olivier Boyadjian as managing director of its Paris office.
GLOBAL - Bear Stearns acquires Macquarie arm
LSE-listed fund-of-funds Bear Stearns Private Equity (BSPEL) has offered A$115.5 for Macquarie Private Capital Group (MPCG), an ASX-listed private equity fund-of-funds.
FRANCE - Hellman & Friedman acquire 30% of GTT for EUR 330m
Hellman & Friedman has acquired Saipem’s 30% stake in Gaztransport & Technigaz (GTT) for EUR 330m. Gaz de France and Total retain their respective 40% and 30% stakes.
FRANCE – Avenir backed Filuxat acquires Pare Gabia
Avenir backed groupe Filuxat has purchased Pare Gabia,, another Basque-based espadrille producer to add to the Luxat and Bayona brands already under its control.
FRANCE - Ventech and Neuf Cegetel inject EUR 6m in Wengo
Ventech and Neuf Cegetel have invested EUR 6m in a second round of financing of Wengo.
FRANCE – 21 Centrale Partners takes control of La City
21 Centrale Partners has acquired a majority stake in La City following a buyout of the company. The founders will continue to manage the company.
Bowmark Capital Survey
UK lower mid-market defies the gloom
UK/FRANCE - AlixPartners appoints Helena Samaha as general counsel
AlixPartners, the global restructuring, consulting, and financial advisory firm, has announced the appointment of Helena Samaha as general counsel-Europe. She will be based in the firmтs Paris office.