France
FRANCE - Banexi Capital Partenaires leads the buyout of Thermes Adour
Banexi Capital Partenaires and BNP Paribas Developpement have taken a 50% stake in Spa resort manager Thermes Adour.
FRANCE - Legris completes significant build-up
Legris Industries, an engineering company de-listed by Chequers Capital in March 2004, has acquired tiles and brick maker Ceric.
FRANCE - AFIC publishes promising new figures
The French Venture Capital Association, AFIC, has today published figures for the country's private equity activity in the first semester of 2006.
FRANCE - Weinberg Capital Partners invests in listed CRM company
Weinberg Capital Partners (WCP) has announced it will make a EUR 22.5m equity investment in Teamp Partners Group (TPG), in view of constituting the leading French client-oriented business process outsourcing company.
FRANCE - Fraikin sale underway
According to reports in the French press, the auction process for the sale of truck rental company Fraikin has attracted bids from Cinven, CVC, Terra Firma. The bids reportedly value the business at around EUR 1.5bn.
FRANCE - Acto leads two mid-cap buyouts
Acto has taken a 55% stake in French family tourism pioneer VVF Vacances with a EUR 41m equity investment. CDC took a 40% equity holding, while management retained 5%. Finama's private equity arm also made a commitment to corporate services residence...
FRANCE - EdRIP and Naxicap take minority stake in Transimmeubles
Edmond de Rothschild Investment Partners and Naxicap Partners have taken a minority stake in real estate management, renovation and promotion business Transimmeubles. Following this deal, the company's founder Laurent Dumas retains over two thirds of...
FRANCE - Astorg makes 3.3x on CIS sale
Astorg Partners has sold its entire interest in utility meters installation, management and maintenance business CIS to Ista International GmbH. The sale, which generated an IRR of about 80% and a money multiple of 3.3x for Astorg, values the company...
FRANCE - PagesJaunes deal closes
KKR and Goldman Sachs Capital Partners have announced the completion of their acquisition of France Telecom's 54% shareholding in directory business Pages Jaunes. With a unitary share price of EUR 22, the total value of the acquired interest amounts to...
GERMANY / FRANCE - Quadriga acquires Coventya from Natexis
In a secondary transaction Quadriga Capital has acquired Coventya from Natexis Industrie. The deal is valued at more than EUR 100m, according to press reports.
FRANCE - Access Capital Partners boosts its communications
Fund-of-funds specialist Access Capital Partners has strengthened its team with two new appointments. Erin Sarret has been recruited as marketing director and Cécile Croissant as investor relations and communication director.
FRANCE - Crédit Agricole Private Equity appoints head of growth capital and LBO
Eric Pencréac’h has been appointed head of the growth capital and buyout team at Crédit Agricole Private Equity.
FRANCE - Texas Pacific Group and AXA Private Equity buy 60% stake in TDF
Telecom broadcaster TDF has confirmed that an agreement has been signed for the acquisition by Texas Pacific Group and AXA private Equity of 42% and 18% of its equity, respectively.
FRANCE - Montagu hires Apax's LBO director
Montagu Private Equity has hired Guillaume Jabalot as its new head of investments.
FRANCE - Faust Pharmaceuticals receives first tranche of its third round of funding
Strasbourg-based Faust Pharmaceuticals has received EUR 8.2m from its historical investors Sofinnova Partners, Auriga Partners, Siparex Ventures, Edmond de Rothschild Investment Partners, AGF Private Equity, CDC Entreprises and FCJE. This is the first...
FRANCE - EdRIP and Initiative & Finance back MBI of medical supplier
Edmond de Rothschild Investment Partners (EdRIP) and Initiative & Finance (I&F) have backed the management buy-in of Laboratoires Filorga. EdRIP provided 60% of the equity, while I&F contributed 40%. The two sponsors took a majority stake, whilst the...
FRANCE - Photonic decontamination business receives EUR 1.2m
Emertec Energie Environnement, Expansinvest, Banque Populaire Création and SCR Provence et Corse have invested a total of EUR 1.2m in the first round of institutional funding in Claranor. Following the deal, the management retains a slight majority stake....
FRANCE - Weinberg Capital Partners invests in Alliance Industrie
Weinberg Capital Partners (WCP) has invested in Alliance Industrie, a distributor of spare parts and provider of services for the automobile and trucking industries in France and the UK.
FRANCE - Industri Kapital settles in France
European private equity firm Industri Kapital has announced it will open an office in Paris.
FRANCE - EPF Partners backs Audisoft Consultants
EPF Partners has taken a 43% stake in Audisoft Consultants, a financial advisory firm which focuses on legal and social risk, IT project management, and process optimisation.
FRANCE - Open-Plug raises $15m from Baytech-led syndicate
Open-Plug has raised a $15m second round of institutional funding from a syndicate of investors led by Munich-based BayTech Venture Capital. Other investors included SGAM AI Private Equity and first round sponsors Auriga, I-Source Gestion, Siparex Ventures...
FRANCE/GERMANY- Astorg sells CIS to Ista International GmbH
CVC Capital Partners' portfolio company Ista International GmbH has acquired 100% of CIS from French GP Astorg Partners and the company's management.
FRANCE - Neocase raises EUR 5.2m from Iris-led syndicate
Customer service software developer Neocase has raised a further EUR 5.2m in its third round of funding. The investment was provided by Iris Capital, Caisse des Depots et Consignations (CDC), and US IT services company Supporter Group.
FRANCE - CAPE nominates Lecointe as General Secretary
Credit Agricole Private Equity (CAPE) has announced the nomination of François Lecointe as General Secretary.