Region
Unquote has a long history of delivering in-depth coverage for each European market, from individual deals to fundraising and region-specific trend analysis. Click on the following links to access content for a specific region:
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SPAIN - Baring and Inova Capital buy stake in Sidsa
According to reports in the Spanish press, Inova Capital and Baring Private Equity Partners have purchased a minority stake in semiconductor manufacturer Sidsa.
ITALY - Capeq Partners and Natexis Cape exit Sial
Private equity firms Capeq Partners and Natexis Cape have announced the sale of their entire stake in dehumidifier manufacturer Sial to Swedish sector player Munters. It is understood that the deal is worth around EUR 19.4m.
ITALY - PM & Partners receives offers for AEB
PM & Partners, the advisers for Luxembourg-based vehicle Emerald, is understood to be evaluating offers for AEB, one of the fund's portfolio companies. Rumour has it that the counsel is looking to sell the company for no less than EUR 90-100m.
UK - Investcorp's Polestar in crisis
Polestar, the printing group formed by Investcorp's £700m buyout of two printing groups in 1998, is reported to be on the threshold of a financial restructuring.
UK - Permira closer to securing EMI deal
Market reports suggest that Permira is close to securing the estimated £2bn buyout of music giant EMI.
FRANCE - Eurazeo sells Eutelsat shares to CDC and confirms interest in Conforama
A few days after Abertis’ acquisition of Eutelsat’s new largest shareholding, Eurazeo announced it had sold its entire 25.5% shareholding to state-backed Caisse des Dépots et Consignations (CDC) for EUR 862.7m.
GERMANY – KKR exits its stake in Demag Cranes
Following the IPO of Demag Cranes six months ago, Kohlberg Kravis Roberts together with Siemens are selling their remaining 33.2% stake in the company. Goldman Sachs and Lehman Brothers are placing the shares in a range of EUR 33.00-33.50 with investors.
UK - 3i generates 100%+ IRR on exit from Domantis to GlaxoSmithKline
3i is to sell its stake in Domantis, a developer of next generation antibody therapies to GlaxoSmithKline in an all cash deal valuing the company at £230m. The exit is generating an IRR in excess of 100% on 3i's investment. Other investors in Domantis...
AUSTRIA – TTTech Computertechnik receives EUR 20m funding
Strategic financial investor firstVentury has invested EUR 20m in Vienna-based supplier of time-triggered systems TTTech Computertechnik AG. Additionally, international automotive company AUDI AG acquired a minority interest in TTTech.
DENMARK - CapMan exits ECO-DAN
CapMan funds have sold the activities in ECO-DAN A/S, a Danish provider of guidance systems used for precision farming, to a European manufacturer of agricultural equipment. The transaction is expected to close by the end of 2006.
GERMANY – Cinven pulls out of ProSiebenSat1 race
It is understood that Cinven, which had joined the Apax and Goldman Sachs consortium, has withdrawn from the auction for a 50.5% stake in German media group ProSiebenSat1. The remaining potential buyers are believed to include Turkish media giant Dogan...
UK - MidOcean Partners acquires Birmingham-based packaging company
MidOcean Partners, the group which recently realised its investment United Biscuits through a £1.6bn secondary buyout, has acquired Europackaging for a reported £190m.
FRANCE - Wendel boosts its investment team
Wendel Investissement has hired two additional investment professionals.
UK - Risk Capital Partners exits design and marketing company Loewy
Risk Capital Partners has made its fourth full exit in the past 15 months with the sale of its entire holding in the creative design and marketing services company Loewy. The Loewy disposal generated a 2.5x cash on cash return and an IRR of 41%.
FRANCE - Eurazeo grants CVC exclusivity to Fraikin
Eurazeo has granted CVC Capital Partners a period of exclusivity to truck rental company Fraikin following an offer which values the business at EUR 1.35bn.
NL - Liquavista attracts EUR 12m in series - A financing round
Amadeus Capital Partners and GIMV have led a EUR 12m series-A financing round in Liquavista BV, a fabless display manufacturing company based in Eindhoven. New Venture Partners, which led the spinout of Liquavista from Philips Research in April this year,...
UK - North West Equity Fund in £500,000 fundraising for Into Technology
The North West Equity Fund, alongside Liverpool Seed Fund, has invested in a £500,000 fundraising round for Into Technology Holdings Ltd.
GERMANY – BayBG with new MD
BayBG has announced that Peter Pauli will succeed retiring Dr Wolf Rüdiger Willig as managing director from 1 January 2007.
EUROPE – Kenneth Leet to lead European Investment Team of Cerberus
Cerberus Capital Management has announced that Kenneth H M Leet has joined Cerberus European Capital Advisors as president. Leet’s previous positions include an 18-year tenure as partner in the investment banking division at Goldman Sachs.
GERMANY – Quadriga Capital buys back AHT Cooling Systems
Quadriga Capital has acquired a majority stake in AHT Cooling Systems for an undisclosed amount from Equita. Dresdner Kleinwort has been mandated to solely arrange the debt package comprising senior and mezzanine facilities. In 2005 Quadriga Capital sold...
UK - Enterprise Ventures invests £600,000 in Student Resources Ltd
Enterprise Ventures has completed a £600,000 investment in Student Resources Ltd via the Coalfields Enterprise Fund.
GERMANY – 3i to bid for HHLA
3i has announced its interest in acquiring a minority stake in the operator of Hamburg Port Hamburger Hafen und Logistik AG (HHLA). The City of Hamburg had been seeking offers for a 49% stake in HHLA and so far reportedly received notifications from around...
GERMANY – Large buyout firms to start trade group
It is believed that some of the largest leveraged buyout firms in the US and Europe are preparing to start their own lobbying group early next year to fend off increased regulation.
IRELAND - Setanta to receive Doughty Hanson investment
Market sources report that the Irish-headquartered broadcaster Setanta Sports which owns the rights to two of the six Premiership packages available is to receive an investment from Doughty Hanson alongside debt funding provided by Goldman Sachs. The...