France
FRANCE - French-born Virtual Logix receives $16m B-round
Formerly known as Jaluna, Virtual Logix has raised $16m from a syndicate led by Esprit Capital Partners, and including new investor Intel Capital, and existing investors Atlas Venture and Index Ventures.
EUROPE - Balderton Capital invests in TvTrip.com
Balderton Capital has invested EUR 3.5m in TVtrip.com alongside Partech International. Balderton Capital was formerly known as Benchmark Capital Europe.
EUROPE - EVCA defends private equity at European Parliament Forum
At the European Parliament’s Financial Services Forum last night, EVCA secretary general, Javier Echarri, strongly defended the role and wider function of Private Equity. “Those who demonise Private Equity should consider the law of unintended consequences...
EUROPE - EVCA changes address
EVCA (the European Private Equity & Venture Capital Association) moves to the centre of Brussels, close to the Parliament and Commission offices, at the end of this week. EVCA’s new address will be: Bastion Tower Place du Champ de Mars, 5 1050 BRUSSELS....
EUROPE - H1 buyout deal volume up in UK and France, down in Germany
Buyout deal volume in France and the UK in H1 2007 was up on the figures for both 2005 and 2006, although German volume has slowed this year against 06. According to preliminary data from Unquote"/Private Equity Insight, 102 deals have been completed...
FRANCE - Air Liquide rumours continue
KKR is said to be interested in acquiring industrial gas giant Air Liquide, potentially a EUR 27bn deal.
EUROPE - No end in sight for large buyouts
”Deal sizes are increasing more quickly than fund sizes,” 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.