France
FRANCE - ABN AMRO Capital France acquires majority of NextiraOne
ABN AMRO Capital France has signed an agreement to buy the majority of NextiraOne and the management and Indigo Capital will take minority shareholdings.
FRANCE - Avenir Entrprises gestion backs Medil's MBI
Eric Menanteau and his management team are taking a 57% stake in medical equipment provider, Medil. Avenir Entreprises Gestion has backed this management buy-in, taking 33% of the company's equity.
FRANCE - Spef Venture sells 3D animation software company Eovia
Spef Venture has agreed to sell Eovia to Californian 3D animation company DAZ Productions for an undisclosed sum.
FRANCE - Banexi, Demeter and Naxicap back Paprec MBO
Paprec has restructured its capital framework and reinforced its financial capacity during a management buyout backed by Banexi Capital Partenaires, Demeter Partners and Naxicap Partners. The equity houses comitted a total of EUR 35m in this MBO. Previous...
FRANCE - Banexi, Naxicap and BNP Paribas back D'Haussy's
Groupe Eppe has sold D'Haussy to a syndicate of investors composed of Banexi Capital Partenaires, Naxicap Partners and BNP Paribas Développement, with management retaining a 12% stake.
FRANCE - Banexi Capital Partenaires takes majority stake in Numalliance
Banexi Capital Partenaires has invested from its fund Middle Market Fund III to take a majority stake in Numalliance
FRANCE - Jean-David Doly promoted at H. et Associés
Jean-David Doly, 32, has become manager of corporate finance at H. et Associés
FRANCE - Jean Plamondon joins AGF Private Equity as investment director
Jean Plamondon will lead AGF Private Equity's funds of funds team.
FRANCE - One Equity Partners and Carlson Companies buy 50% of Carlson Wagonlit Travel
In a deal worth $465m, Carlson Companies and One Equity Partners have bought a 50% stake in Carlson Wagonlit Travel (CWT) from Accor.
FRANCE - Activa Capital backs MBO of BFI Optilas
Activa Capital Fund FCPR has taken a majority stake in BFI Optilas, a Nasdaq-listed distributor of electronic and photonic products.
EUROPE - First quarter European private equity exceeds EUR 30bn
For the fourth successive quarter, the total value of European private equity transactions has exceeded EUR 30bn, totalling EUR 34.2bn for the first quarter of 2006. This represents a 53% increase in the total value of transactions reported for the same...
FRANCE - Venture syndicate puts up EUR 16.4m for Varioptics
Sofinnova partners and Polytechnos Venture Partners are joined by new investors Iris Capital, Xange and Delphis in the 3rd round financing of Varioptics, a liquid lens company, in a deal worth EUR 16.4m.
FRANCE - Activa Capital backs MBO of Créal
Activa Capital Fund FCPR has purchased a majority stake in Créal, a leading French manufacturer of aluminium windows from its founder, Claude Caprini, and Siparex SPF III Middle Market, a fund managed by Sigefi Private Equity. Founded in 1992 by Claude...
FRANCE - Séchilienne-Sidec undergoes EUR 277m refinancing
Calyon has recently completed the EUR 277m refinancing of Apax Partner’s portfolio company Séchilienne-Sidec. The deal comprised credit facilities to refinance the energy production group’s existing indebtedness and its existing corporate credit...
FRANCE - Immutep seeks EUR 13m from European VCs
French biopharmaceutical company Immutep is seeking a further EUR 13m from European investors, in addition to the EUR 5m already received from its existing investors. In December 2004, Innoven Partenaires led a EUR 2.5m second round of funding in the...
FRANCE - Duke Street Capital exits Marie Brizard
Duke Street Capital (DSC) has announced today the sale of its 69.3% stake in Marie Brizard & Roger International (MBRI) to French Spirits Group Belvédère, for a total consideration of EUR 397m. DSC took control of MBRI in May 2000 when the family-owned...
GLOBAL - JPMorgan sells private equity portfolio
Press reports confirm that Goldman Sachs Asset Management and the Canada Pension Plan Investment Board have co-led the secondary purchase of a US$925m stake in the JPMorgan Partners Global Fund from JPMorgan Chase.
FRANCE – Perfectis backs security group BIMBO
Perfectis Private Equity has backed the BIMBO of SEPTAM to acquire a majority stake in the newco Vesta Capital. The investment marks the private equity house’s third investment through its FCPR Perfectis II. The balance is held by incoming CEO Eric...
FRANCE - Colony and Butler buy Paris St Germain from Canal+
Colony Capital and Butler Capital Partners (BCP) have purchased the football club Paris St Germain (PSG) from Canal+ for EUR 41m. Colony has invested via Colyzeo, which formed in partnership with cornerstone investor Eurazeo. The private equity houses...
FRANCE - Finatem acquires Mecanindus-Vogelsang Group
Finatem has acquired 75% of Mecanindus-Vogelsang group. The remaining 25% interest has been acquired by the management and the former owners. IKB provided senior debt to finance the transaction via its Frankfurt and Paris offices.
FRANCE – AtriA welcomes new recruit
Matthieu Rambaud has joined AtriA Capital Partenaires as deal executive. He previously worked at Bain & Company since 2000, first as a consultant and then as a project manager for strategy and performance improvement missions. Rambaud joins the team of...
FRANCE - Sagard acquires laundry group from Astorg
Sagard has backed the secondary buyout of Régie Linge Développement (RLD) from Astorg Partners. The private equity house has gained an 80% shareholding in France’s third largest professional linen hire, while the management team holds the balance....
FRANCE - Financial investors retain majority of Legrand following refloat
Wendel Investissement and KKR hold a 60% stake in Legrand following the refloat of the company. The offering was 30 times over-subscribed. The public now holds approximately 20% of the Legrand's capital, with minority shareholders holding the remaining...
FRANCE - CNP turns down Taittinger
Star GT Acquisition, an indirect affiliate of Starwood Capital Group, announced Compagnie Nationale à Portefeuille’s (CNP) decision to withdraw its candidacy for the acquisition of Taittinger. CNP is controlled by Belgian billionaire Albert Frère,...