France
FRANCE - AFIC bolsters its team
The French venture capital association (AFIC) has announced it had promoted Florence Moulin to the position of director of legal and tax affairs, and Grégory Sabah to the position of director of research.
FRANCE - ACE Management and 123Venture invest EUR 3m in Tetco
ACE Management and 123Venture have invested EUR 3m in the third round of funding for VoIP software developer Tetco. ACE Management invested on behalf of Advance Capital Europe, UFF Innovation III and Financière de Brienne.
FRANCE - Innovacom backs online data stocking software developer
Software developer Agematis has received its first round of funding from French investor Innovacom. The private equity investor injected EUR 2.5m in the company.
FRANCE - Argan Capital to back buyout of luggage maker Delsey
Mid-cap private equity firm Argan Capital has announced it has signed an agreement to back the buyout of the world's second largest travel luggage maker Delsey.
FRANCE - OFI Private Equity recruits CADIF debt specialist
OFI Private Equity has announced it has hired Erwann Le Ligne as investment executive.
FRANCE - Novexel receives Europe's largest biotech fundraising in 12 months
Edmond de Rothschild Investment Partners has led a EUR 50m series-B funding for Paris-based Novexel, a laboratory which researches and develops novel types of anti-infectives for the treatment of bacterial and fungal infections.
FRANCE - XAnge Capital raises EUR 15m
XAnge Private Equity's evergreen investment vehicle XAnge Capital has completed its second fundraising. The vehicle, which was created in April 2003, gathered EUR 15m from its previous investors.
GLOBAL - SJBerwin loses three partners to Kirkland & Ellis
SJ Berwin LLP has announced that three private equity partners, Mark Mifsud, Richard Watkins and Justin Dolling, will move to rival law firm Kirkland & Ellis LLPтs fund formation team.
EUROPE - IPES appoints Brennan as COO
IPES, a private equity fund administrator and outsourcing provider, has announced that Kevin Brennan is to take on the newly created role of chief operating officer. Brennan will be responsible for the design and delivery of the organisational structure...
FRANCE/SPAIN - Bakery business Panavi buys Ohayo
Catalan bakery group Ohayo has been sold by the brothers Jaume and Jordi Pasarell to private equity backed Panavi, a French company in the same sector. The deal value has not been disclosed.
GERMANY / France - Taros Capital sells Zarges Tubesca to Granville Baird Funds.
Taros Capital has announced that it has agreed to sell Zarges Tubesca to Granville Baird, for a total consideration of EUR 156m, including financial debt.
FRANCE - FPG-LFPI sells Cognon-Morin to BSN Medical
FPG-LFPI, Lazard's private equity firms, have announced the sale of its 55% stake in phlebological tights manufacturer Cognon-Morin to BSN Medical, for an undisclosed amount.
FRANCE - CVC hires industrial expert for its Paris office
CVC Capital Partners has announced the appointment of Patrick Verschelde as industrial partner in Paris.
FRANCE - Canadian Telecom Media Fund invests EUR 8m in CheckPhone
Telecom Media Fund, a joint fund of Trio Capital and la Caisse de dépôts et placement du Quebec, has invested EUR 8m ($10.2m) in France-based VoIP security software developer CheckPhone.
FRANCE - Butler and Cita sell 1001 listes to TF1 for EUR 20m
Butler Capital Partners and Cita Gestion have sold their entire 95% stake in 1001 Listes, a website which coordinates the purchase and delivery of wedding gifts, to Teleshopping, a shopping channel of the TF1 group, for about EUR 20m.
FRANCE - Charterhouse buys Vivarte from PAI for EUR 3.5bn
Charterhouse has reportedly agreed to back the secondary buyout of clothing and shoes distributor Vivarte, in a deal worth over EUR 3bn.
FRANCE - Fondinvest appoints new managing director
Former Caisse des Dépots subsidiary Fondinvest Capital has appointed Emmanuel Roubinowitz as managing director. Roubinowitz, who joined Fondinvest in February 2004 thus became the second managing director alongside François Gamblin. Both report to Charles...
FRANCE - Seventure invests in online insurance broker
Seventure, formerly known as Spef Venture, has invested EUR 3m in a EUR 4.2m first round of institutional funding in online insurance broker AssurOne. The remainder was provided by business angels, including Hubert Saltiel, former CEO of Saltiel Assurances...
FRANCE - Apax-owned Outremer Telecom to launch an IPO
Apax France's portfolio company Outremer Telecom is reportedly hoping to float on Euronext Paris.
EUROPE - EVCA publishes 2006 benchmarking study
EVCA has published its third annual benchmarking study, a piece of research which compares the tax and legal environments for private equity and venture capital across 25 European countries.
FRANCE - PAI partners consider selling Saur
PAI partners is reportedly considering its options for the disposal of its portfolio company, water analysis business Saur.
FRANCE - Eurazeo sells Eutelsat shares to CDC and confirms interest in Conforama
A few days after Abertis’ acquisition of Eutelsat’s new largest shareholding, Eurazeo announced it had sold its entire 25.5% shareholding to state-backed Caisse des Dépots et Consignations (CDC) for EUR 862.7m.
FRANCE - Wendel boosts its investment team
Wendel Investissement has hired two additional investment professionals.
FRANCE - Eurazeo grants CVC exclusivity to Fraikin
Eurazeo has granted CVC Capital Partners a period of exclusivity to truck rental company Fraikin following an offer which values the business at EUR 1.35bn.