France
EUROPE - No end in sight for large buyouts
тDeal sizes are increasing more quickly than fund sizes,т said John Barber, managing partner at Citi Private Equity at a luncheon today. Though more prevalent in the US than in Europe, the phenomenon should allow the record fundraisings to find suitable...
FRANCE - EdRIP invests EUR 9m in CEME secondary buyout
Edmond de Rothschild Investment Partners (EdRIP) has invested EUR 9m in equity and convertible bonds in the secondary buyout of electrical engineering and air conditioning specialist CEME.
FRANCE - Allen & Overy and Santoni Paccioni team establish turnaround partnership
Law firms Allen & Overy and Santoni Paccioni have agreed an exclusive partnership to cooperate on all aspects relating to the acquition or restructuring of French distressed companies or their debt.
FRANCE - Ipnotic Telecom raises EUR 4m second round
Telecom operator Ipnotic Telecom has raised EUR 4m from its existing shareholders Turenne Capital, CM-CIC Capital Privé, CDC Innovation and A Plus Finance.
FRANCE - OTC AM invests EUR 1.2m in e-commerce business Ckado.fr
OTC Asset Management has injected EUR 1.2m in the first round of institutional funding in Toulouse-based e-commerce company Ckado.fr.
FRANCE - XAnge invests EUR 3m in digital printing business
Via its FCPI funds, XAnge has injected EUR 3m in the second round of funding for Impika, a designer and manufacturer of industrial digital printing systems.
FRANCE - Investment bank leads EUR 20m VC funding round in Dibcom
Natixis has contributed EUR 10m of a EUR 20m fifth round of funding in mobile TV integrated circuit manufacturer Dibcom, bringing the total raised by the company to EUR 60m.
FRANCE - EPF Partners acquires 21% of IT systems advisor
EPF Partners has taken a 21% stake in Maltem Consulting, a company providing IT systems expertise in the banking, financial and insurance sectors.
GLOBAL - KKR to float
KKR is to follow in the steps of its rival Blackstone by floating on the New York Stock Exchange. KKR filed an initial public offering registration with the SEC on Tuesday and will seek to raise $1.25bn in new capital from the flotation. However, unlike...
FRANCE - Online DVD rental business raises additional EUR 6.1m
Glowria, the internet DVD hire specialist has raised EUR 6.1m from Seventure Partners, Crédit Agricole Private Equity and Mousse Partners.
FRANCE - Activa makes over 4x from Delpharm exit
It is reported that Activa Capital has made over 4x its money from the sale of pharmaceutical subcontractor Delpharm to its management.
FRANCE - Seventure invests EUR 2m in contactless loyalty card business
Seventure Partners has led a EUR 2m first round of funding for Airtag, a company providing an integral customer loyalty solution, utilising contactless and NFC technology.
FRANCE - Audika exit yields over 40% IRR
FPG-LFPI, CIC Finance and Socadif have made satisfactory returns from the sale of their convertible bonds in Holton, the holding controlling 54% of hearing aids distributor Audika.
FRANCE - Truffle Venture exits Dietswell and Velcan
French venture capital firm Truffle Venture has partially divested its shareholding in oil engineering business Dietswell, and fully exited its stake in green energy producer Velcan.
FRANCE - CAPE makes 2.3x from sale of Leasecom to ACP Capital
Crédit Agricole Private Equity (CAPE) has sold its entire stake in IT system leasing business Leasecom Group, to UK-based private equity investor ACP Capital, generating an IRR of 30% and a money mutliple of 2.3x.
FRANCE - Diatos raises further EUR 9.4m
Biopharmaceutical company Diatos has received additional funding from its syndicate of existing investors.
FRANCE - Mezzanis hires two associates
Camille Delibes and Jean-Philippe Carvaillo have joined Mezzanis, Crédit Agricole Private Equity's mezzanine structure, as associates.
FRANCE - DeAgostini wins exclusivity for Marathon secondary buyout
Italian-listed holding DeAgostini has been granted a period of exclusivity for the acquisition of television production company Marathon, according to French press reports.
FRANCE - ABN Amro acquires Findis
ABN Amro Capital France has backed the buyout of household appliances distributor Findis, in a deal valuing the business at between EUR 40-50m.
GLOBAL - GE chairman keeps the pressure on private equity
In comments to the UK press, Jeffrey Immelt, the chairman of GE, has added his voice to the sceptical chorus surrounding private equity in recent months. His argument is based on a critique of the industry that sounded like the idiots guide to a buyout...
GLOBAL - $48.5bn deal for BCE the largest ever
The investment arm of the Ontario Teachers' Pension Plan, Teachers Private Capital, has joined forces with Providence Equity Partners and Madison Dearborn Partners to acquire BCE, Canada's largest telecom group. The $48.5bn price-tag will make it the...
SPAIN/FRANCE - CVC calls on cov-lite debt ahead of Altadis bid
CVC Capital Partners has reportedly secured EUR 12.8m in covenant-light debt to support its bid to acquire Franco-Spanish tobacco business Altadis, according to press reports.
FRANCE - IDI aims to raise additional EUR 50m
Mid-cap investor IDI is to launch a capital increase of EUR 50m, in order to boost its private equity activity and increase the liquiditiy and attractiveness of its shares.
FRANCE - Elior's acquisition of Vivae provides exit for Quartus
Quartus Gestion is set to divest its stake in contract catering group Vivaë, through a trade sale to Charterhouse and Chequers-backed restaurant giant Elior.