France
FRANCE - IPO leads AltéAd buyout
IPO, Synergie Finance and Ouest Croissanec have invested EUR 6m of equity, half of which in convertible bonds, in industrial machinery transportation and maintenance business AltéAd.
FRANCE - Cytheris raises EUR 24.3m second round
France-based Cytheris, a pharmaceutical company developing new therapies for the immune system, has raised EUR 24.3m from CDC Entreprises Innovation, ABN Amro Capital Life Sciences and its historical investors.
FRANCE - Banexi Capital Partenaires back secondary buyout of Bretèche
Banexi Capital Partenaires and Unigrains have backed the secondary buyout of Bretèche, a company which develops, manufactures and installs equipment for the food industry. The GPs took a majority stake in the business.
FRANCE - Buyout of PVC and aluminium window maker
Avenir Entreprises and Alliance Entreprendre have taken a 75% stake in Plastiferm, a manufacturer of PVC and aluminium windows, doors and shutters.
FRANCE - KKR invests in French flooring products business
KKR has announced it has taken a 50% stake in SIF, the holding company which owns a majority of Tarkett, a flooring products business present in over 100 countries.
FRANCE - IDI poaches buyout giants
Two directors from the large-cap private equity firm Charterhouse Capital Partners are now to head the LBO team of small-cap independent listed investor IDI.
FRANCE - AXA Private Equity takes majority stake in Gerflor
AXA has announced it has signed an agreement to take a majority stake in vinyl flooring business Gerflor. This tertiary buyout sees the exit of PAI partners and CDC Entreprises, and a renewed comittment from Natexis industrie and ICG, who re-invest in...
FRANCE - LBO rumours benefit Atos Origin
According to UK press reports, Blackstone is in talks to take-private IT services provider Atos Origin, currently listed on Euronext Paris' Compartment A.
FRANCE - Bryan, Garnier & Co appoints new partner
European investment bank Bryan, Garnier & Co has appointed Bruno Tourme as partner and head of the corporate finance technology group.
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...