France
FRANCE – Apax set to buy shares in Altran
Apax Partners will take part in a EUR 130m capital increase in Altran Technologies Company by July 31. The price per share price will be between EUR 5 and EUR 6.
FRANCE – Bridgepoint promotes two to associate
Bridgepoint Capital has named Xavier Robert and Vincent Briancon as associates. Robert started his career at Ernst & Young Audit before moving to Bridgepoint in 1998. He was named director in 2005 and had been working in the London office for the past...
WORLD - CVC closes $4.1bn Asia Pacific Fund
CVC Capital Partners has closed its third fund dedicated to investments in the Asia Pacific region, CVC Capital Partners Asia Pacific III, on $4.1bn. It is the biggest ever private equity fund raised in the region.
FRANCE - Butler Capital Partners recruits two
Lionel Mestre has joined Butler Capital Partners as a director. Previously Mestre spent three years with PricewaterhouseCoopers and ten years with PAI.
FRANCE – CAPE invests EUR 3m in Splendia
Crédit Agricole Private Equity has invested EUR 3m in Splendia in a second round of financing alongside historic investor Alven Capital. The company has collected EUR 5m in investments since 2006.
FRANCE - Crédit Agricole Private Equity launches two FCPI innovation funds
Crédit Agricole Private Equity has launched two FCPI innovation funds. The new FCPIs, Crédit Agricole Europe Innovation 2008 and LCL Capital Invest PME, will be offered to Crédit Agricole's high net worth customers in the regional banks and private...
FRANCE – MBO Partenaires takes 50% stake in insurance company
MBO Partenaires has taken a stake of around 50% in property insurance company Lyonnaise de Garantie, backing the buyout of the firm by the company's two managers, Daniel Brèches and Pierre Belin.
FRANCE – Siparex closes EUR 150m fund
Sigefi Private Equity subsidiary Siparex Group has closed Siparex Middle Market II on EUR 150m. The new fund will make growth capital/LBO investments ranging between EUR 5m to EUR 15m in SMEs with valuations of up to EUR 150 m.
FRANCE – Edmond de Rothschild backs electronic systems solutions company
Edmond de Rothschild Investment Partners has invested EUR 1.4m in Innovation Developpment’s holding company ID finance with management investing EUR 2.2m. Senior debt was provided by Banque Populaire and Crédit Agricole Nord-est.
France – I-Source and 360º inject EUR 2.4m in Iminent
I-Source Gestion and incumbent backer 360º Capital Partners have injected EUR 2.4m into Iminent in a second round of financing. The company has had a total EUR 5.4m of investments to date.
SWITZERLAND/FRANCE – Argos Soditic tucks into Valora
Argos Soditic has bought three food production companies from Swiss logistics and retail holding company Valora Holding AG. Switzerland-based Roland Murten AG and Kägi Söhne AG and French company Cansimag France SA have been acquired for an undisclosed...
List-en to my fund
Listed funds suffered badly on the back of the liquidity crisis and negative press in 2007, with wide discounts the norm. Could investors be missing a trick or is there good reason to shy away?
Infra a shock
The liquidity bubble came to define the term infrastructure and gave a false picture of market depth. Private equity firms’ keen on snatching a piece of the infrastructure pie should be warned: there may not be enough to go around.
Public markets and private equity
Conditions in the public markets present an opportunity on the acquisition front but restrict exit options
FRANCE – Natixis & Seventure launch new funds
Natixis Private Equity and its subsidiary Seventure Partners have launched two new funds. Natixis has launched FCPR fund called Natixis Dévelopment and Création 2008 which will seek to invest in small to mid-cap companies. More specifically, at least...
GLOBAL – Partners closes EUR 447m mezz fund
Swiss-based asset manager Partners Group has reached a EUR 447m final close for its global mezzanine fund, soaring past the EUR 300m target. The fund has already made 11 investments in 2008, corresponding to 50% its capital.
WORLD - Covington & Burling appoint two
Covington & Burling LLP has appointed Timothy Clark and Loretta Shaw-Lorello as partners in the firm's corporate practice in New York. Clark will co-chair the firm's private equity practice.
FRANCE - Daphné Dussauge joins BNP Paribas Private Equity
BNP Paribas Private Equity has appointed Daphné Dussauge as head of corporate development. Daphné Dussauge joined BNP Paribas Group in 2006 as a fund manager in BNP Paribas Real Estate Investment Management.
FRANCE – CDC, Avenir and NCI purchase minority stake in Alkos
CDC Entreprises, its subsidiary Avenir Entreprises and NCI Gestion have acquired a 24% minority stake in Alkos Cosmétiques. Gérard Gieux, who has run the company since 1996, holds the remaining 76% stake. The investment has been used by Alkos to finance...
FRANCE – I-Source and OTC inject Rhapso with EUR 3.5m
I-Source Gestion and OTC Asset Management have invested EUR 3.5m in Rhapso in a second round of financing. The investment comes two years after I-Source’s initial investment of EUR 600,000.
EUROPE - EIF makes two appointments
The European Investment Fund (EIF) has appointed Richard Pelly as chief executive officer and Jean-Marie Magnette as deputy chief executive. Richard Pelly succeeds Francis Carpenter, whose term of office ended in February.
World - Capital Dynamics promotes Cynthia Duda
Capital Dynamics has promoted Cynthia Duda to managing director. Duda has over 20 years of private equity experience.
FRANCE – Apax and LBO France back SBO of Maison du Monde
Apax Partners and LBO France have acquired a majority stake in Maison du Monde in a secondary buyout deal. The management will retain around 20% of the equity while original investor Ixen will hold a minority stake. The deal sees Barclays Private Equity,...