France
UK/FRANCE - NBGI launches in Paris
NBGI Private Equity has opened a new office in Paris, which will be headed up by Didier Riebel and Laurent Allégot.
EUROPE - Axa head calls for code on profits
The head of Axa Private Equity, Dominque Senequier, has called for Europe's private equity industry to draw up a voluntary code of conduct on how profit made from deals should be split among investors, managers and staff.
GLOBAL - RIT Capital Partners increases its stake in Millennium Group
RIT Capital Partners Plc, the investment trust of Sir Jacob Rothschild, and Sir Ronald Cohen's, the former founding chairman of Apax, have increased their shareholdings in Millennium Group Holdings Ltd.
GLOBAL - ArcelorMittal launches cleantech fund
ArcelorMittal, the world's largest steelmaker, has launched a EUR 100m venture capital fund to invest in clean technologies.
GLOBAL - CP Eaton beefs up team
Placement agent CP Eaton Partners has appointed Jerry Elliot, Peter Martenson, Nina Frandson, Dan Meade and Brian Newman.
FRANCE - Garibaldi et al invest EUR 1.2m in Addev
Naxicap Partners, Garibaldi Participations and Midi-Pyrénées Croissance have completed a management buyout of Addev, the holding company of adhesives producer Adhis.
UK/GERMANY - First London to launch EUR 50m fund
First London Securities has reached an agreement with Humbolt-Innovation GmbH to establish a joint EUR 50m fund designed to invest in spin-out companies from the Berlin Humbolt university.
FRANCE - Weinberg purchases Balitrand
Weinberg Capital Partners has acquired a majority stake in building fixtures distributor Balitrand group, alongside the management. The Balitrand and Faubert families have diluted their respective stakes in the business.
FRANCE - Vizille Capital invests EUR 1.5m in Ariana
Vizille Capital Innovation, part of Credit Mutuel-CIC bank, has invested EUR 1.5m in pharmaceuticals business Ariana Pharmaceuticals SA in a first round of fundraising, taking a minority stake in the company.
FRANCE - Index Ventures invests EUR 22.5m into BestofMedia
Index Ventures has invested EUR 22.5m into online media publishing company BestofMedia.
FRANCE - CDC and Socotec in exclusive negotiations
CDC Capital Investissement have entered exclusive negotiations to acquire a majority stake in building inspection company Socotec alongside the management and employees.
GLOBAL - Buying from private owners most lucrative
Private equity firms make the most impact on buyouts they source from private owners, rather than those of formerly listed companies, though both outperform companies that are not backed by private equity at all, according to a report from Ernst & Young.
FRANCE - Eurazeo strengthens team
Luis Marini-Portugal has been appointed to the executive board of Eurazeo.
FRANCE - Iris backs EUR 4m Alyotech financing
Iris Capital has backed Alyotech, a technology consultancy firm, in a new EUR 4m capital increase alongside existing investors Aurel NextStage, Galiléo, ACE Management, CDC Entreprises and the management. The new financing brings the total raised by...
FRANCE - Turenne backs Mediastay acquisition of Lucky Surf
Turenne Capital, through Turenne Investissement and Hexagone Croissance 1, has backed portfolio gaming company Mediastay’s acquisition of US competitor Lucky Surf.
FRANCE - MBO Partners et al purchase Les Zelles
MBO Partners has completed a buyout of windows installation business Les Zelles, alongside SG Capital Partners, SGAM AI and the management team led by Robert Dollathas.
EUROPE - F&C closes on EUR 173m
F&C Management has held the final close of its Europe-focused mid-market fund-of-funds, F&C European Capital Partners, on EUR 173m.
FRANCE - AXA PE sells Bénédicta to Heinz
AXA Private Equity has agreed to sell condiments producer Bénédicta to H J Heinz Co for an undisclosed sum.
FRANCE - AGF PE and Innovacom invest EUR 5m in Steek
AGF Private Equity and existing investor Innovacom have invested EUR 5m in data management business Steek in a second round of financing. In mid-2006, Steek secured EUR 2.5m in a first round of financing.
GLOBAL - DIC appoints new managing director
Dubai International Capital has appointed David Smoot as managing director of its private equity team.
FRANCE - Rhone-Alpes PME Gestion backs Eurovitrage MBO
Rhone-Alpes PME Gestion has backed the management buyout of insulation and glazing business Eurovitrage, contributing EUR 900,000 as part of a EUR 1.75m investment in the holding company MCVS. The investment was completed with EUR 850,000 of debt supplied...
FRANCE – Rhone-Alpes PME Gestion recapitalised
Caisses d’Epargne de Rhone-Alpes, which consists of Caisse d’Epargne Rhone Aples and Caisse d’Epargne Ardeche, has taken a 50% stake in regional investor Rhone-Alpes PME Gestion.