France
FRANCE - PAI partners to be taken to court by portfolio company
Large-cap buyout house PAI partners has been accused of withdrawing an excessive commission of EUR 12m to pay for due diligence processes, following the buyout of engineering group Spie, according to French press reports.
EUROPE - Family offices back private equity
A new study by the European Venture Capital and Private Equity Association (EVCA) and the IMD Business School of Lausanne shows that family offices have become an integral part of the European private equity investor community and that a trend of increasing...
FRANCE - Crédit Agricole invests over EUR 7m in Emalec
Crédit Agricole Private Equity has invested in excess of EUR 7m in the owner buyout of maintenance company Emalec along with the founding owners, taking a minority stake in the company.
FRANCE - Perfectis announces portfolio acquisition
Perfectis Private Equity portfolio company Philippe Manutention has completed the bolt on acquisition of Hyster Nacco Material Handling Distribution (NMHD), creating the first independant forklift retail and rental group in France.
FRANCE - PAI, TPG, Carlyle and Providence circle Numericable
PAI partners, Texas Pacific, Carlyle and Providence are reported to have been selected in a second round of negotiations for the acquisition of half of Cinven's 70% stake in cable group Numericable.
FRANCE - MBO Partenaires backs MBO of Santé Port-Royal
MBO Partenaires has completed the buyout of natural health magazines publisher Santé Port-Royal.
FRANCE - XAnge invests EUR 2m in online music label
XAnge Private Equity has injected EUR 2m in the first round of funding for Believe, a recently-created digital distribution music label.
FRANCE - Fondinvest hires two investment directors
Fund-of-funds and secondaries specialist Fondinvest has appointed Thomas de Cagny and Declan Feeney as investment directors.
FRANCE/GERMANY – Deutsche Telekom to announce media broadcast unit sale
According to press reports, Deutsche Telekom will sell its German media broadcast business to TDF, which is backed by Texas Pacific and AXA Private Equity. The transaction is estimated to be worth between EUR 700m and EUR 900m. Australian Macquarie Infrastructure...
FRANCE - Bridgepoint reaches squeeze-out for Alain Afflelou
A year and a half after acquiring 61% of shares, Bridgepoint has finally reached the 95% threshold needed to delist opticians chain Alain Afflelou from the French stock exchange.
FRANCE - Pechel, CIC Finance and LCL back pret-a-porter merger
Pechel Industries, CIC Finance and LCL Régions Développement have backed the management buyout of a newly-merged pret-a-porter group.
FRANCE - 21 Centrale Partners to build healthcare group on the French riviera
21 Centrale Partners has acquired Marseille-headquartered health clinic Chantecler, as the first step of its project to consolidate top-end healthcare providers on the Cote d'Azur.
FRANCE - Galileo invests further EUR 4m in MeilleurMobile
Galileo Partners has invested an additional EUR 4m in its portfolio company MeilleurMobile.com, an online mobile phone retailer.