France
FRANCE - Naxicap funds La Fée
Naxicap Partners has financed a EUR 1.5m first round of funding in La Fée through its funds BP Développement and FIP Banque Populaire Proximité Sud-Est. Company founders, Jean-Michel Calsat and Jean-Pierre Braillard, hold the balance. The transaction...
FRANCE - AXA falls short of 95% to delist Camaïeu
On 31 January 2006, AXA Private Equity (AXA PE) launched a simplified tender offer for Camaïeu’s remaining 47.2% floating on Euronext Paris. As previously, the shares were offered at EUR 130. The tender offer closed last night on 13 February 2005 leaving...
FRANCE - AXA Private Equity opens Asia office
AXA Private Equity has today announced its opening of a Singapore office and local subsidiary AXA Private Equity Asia. The group is planning to expand significantly its activities in this region with a first allocation of $550m. Asia is one of the fastest...
FRANCE - Let It Wave raises EUR 6m from Iris Capital and T-Source
Let It Wave has completed a first round of financing for EUR 6m from Iris Capital, T-Source and private investors. Founded in 2001, by four research professors from the French Ecole Polytechnique, the firm has been self-funded since its inception.
FRANCE - AXA's public tender offer on Camaïeu to close in three days
AXA Private Equity has only three more days of its simplified tender offer for Camaïeu’s remaining 47.2% currently floating on Euronext Paris. On 12 January 2006, AXA's holding company, Modamax filed a simplified cash tender offer on the shares of...
FRANCE - Duke Street begins build-up for Proclif
Duke Street Capital's portfolio company Proclif has today announced the acquisition of Clinique Lambert and its subsidiary Clinique La Montagne. This acquisition fits in with the Group’s build-up strategy put in place when Duke Street Capital made its...
FRANCE - Starwood Capital to sell Taittinger
JP Morgan and Rothschild have been mandated to run an auction for Starwood Capital’s imminent sale of Taittinger, according to press reports published today. Belgian billionaire Albert Frère, who exited his 25% interest in the French champagne producer...
FRANCE - Erenis raises EUR 22.5m from venture consortium
Iris Capital has led a EUR 22.5m second round of funding in Erenis, France’s largest optical fibre operator firm. AGF Private Equity and Crédit Agricole Private Equity have co-invested in the firm, alongside existing investor Net Partner.
FRANCE - BPE acquires Sogetrel for EUR 90.3m
ABN AMRO Capital and BBS Capital have agreed to sell Sogetrel to management and Barclays Private Equity France for an enterprise value of EUR 90.3m, subject to regulatory approval.
FRANCE - Auriga Partners appoints Jacques Mallet
Auriga Partners has announced the arrival of Jacques Mallet, who has joined the team as a partner in its life sciences division. Mallet has 12 years experience in strategy consulting for the pharmaceutical industry, which he gained at Monitor Group and...
Barclays Private Equity France leads purchase of Amstutz Levin
Barclays Private Equity has led the purchase of Amstutz Levin, located near Belfort (Alsace, France) for an undisclosed amount. The company with a turnover of about EUR 40m is a leading designer and manufacturer of small metal components for the French...
Candover appoints new partner in Paris
Candover has announced the appointment of Bertrand Finet as a partner in its Paris office.
European tech M&A soars, says research
The number of acquisitions during 2005 within the European technology sector has outstripped the previous high of 2004 and recorded a staggering 103% increase in deal value, according to the latest findings from Regent Associates' 'European Technology...
Sofinnova Partners and Apax invest EUR 12m in DBV Technologies
Sofinnova Partners has announced a EUR 7m investment as lead investor in a EUR 12.3m round of financing in DBV Technologies, a French biopharmaceutical company that specialises in the development of allergy therapies and diagnostic tests. Apax Partners...