Southern Europe
Earlybird agrees Italian joint venture
Earlybird has reached an agreement with Azimut Holding to launch of a venture capital fund focused on Italy.
Carlyle buys Telecable for €400m
The Carlyle Group has won the bidding war for Spanish telecommunications provider Telecable de Asturias, beating CVC at the last hurdle with its offer, which values the company at €400m.
Venture’s global outlook drives success
Europe may gradually and finally be shedding its image as the ugly duckling of alternative assets investment opportunities. Kimberly Romaine reports from Budapest.
To have and to hold
Private equity prides itself on patience. But three-to-five year holds aren’t always enough to maximise value from companies. Kimberly Romaine reports.
PE a ‘force for good’ but must focus on social issues
Four years on, European private equity’s largest catch is still happy with its owners. unquote” reports from the BVCA Summit in London.
Inter-Risco leads €79m dental buy-and-build
Private equity firm Inter-Risco has created a shell company in the Portuguese dental services sector, which it expects to attract €79m of investment.
Aksia reaps 35% return on Robuschi exit
Italian private equity firm Aksia Group has achieved an IRR of more than 35% and a money multiple in excess of 4x on its sale of Robuschi, a manufacturer of blowers and pumps, to Gardner Denver.
DACH Congress: Fundraising targets €7bn
Despite a sombre economic backdrop, DACH private equity deal doers are remarkably upbeat, with two thirds of today´s unquote" Congress in Munich convinced that LP appetite for the region is actually rising.
DACH Congress: GPs upbeat despite economic challenges
In the current economic climate private equity funds in Germany can still look forward to good dealflow despite concerns over banking and regulation. Diana Petrowicz reports from unquote’s DACH Congress in Munich.
Deal volume and value plummets in third quarter
Deal activity levels fell by more than a third in Q3 2011 due to ongoing fears regarding the European debt crisis, according to the latest unquote” Private Equity Barometer, in association with Arle Capital Partners.
German web sector set to take off
Despite general low entry valuations for start-up companies in Germany, valuations of web related businesses are expected to rise due to a significant number of successful entrepreneurs-turned investors as well as newly launched funds on the market.
Nauta injects €800,000 into GetApp.com
Spanish venture firm Nauta Capital has invested €800,000 as part of a series-A round for GetApp.com, an online marketplace for web-based business applications.
Q&A: Jeremy Golding talks investment strategies
Emanuel Eftimiu speaks to Golding Capital Partners’ Jeremy Golding about his allocation strategy, expectations for the asset class and what to avoid when fundraising.
First Reserve invests €300m in Abengoa
US private equity firm First Reserve Corporation has invested €300m in listed Spanish technology company Abengoa as part of a capital increase.
A-Capital announces China-Outbound fund
A-Capital has launched a China-Outbound Private Equity Fund, together with the Beijing Municipal Bureau of Financial Work, which will focus on investments in Europe.
Atlante Ventures leads €1.5m YOGITECH round
Atlante Ventures, one of Italian bank Intesa Sanpaolo’s venture funds, has led a €1.5m capital increase for semiconductor company YOGITECH.
Axon subscribes to €2m Wuaki.tv round
Axon Capital has participated in a €2m funding round for Wuaki.tv, a major Spanish video-on-demand service provider.
Suma Capital-backed CTC acquires OCA
CTC Externalización, a portfolio company of Suma Capital, has made its first bolt-on acquisition in buying 100% of Catalan outsourcing group OCA for an estimated €4m.
Caixa Capital Risc leads €3m Genmedica round
Caixa Capital Risc, the venture capital arm of savings bank La Caixa, has led a €3m funding round for Spanish biotech firm Genmedica Therapeutics.
KKR hires ex-Asda chief as senior adviser
KKR has appointed former Asda chief executive Tony De Nunzio as a senior adviser.
Madrid’s local government to sell stake in CRM
Madrid’s local government is to sell its 49% stake in private equity fund Capital Riesgo Madrid (CRM) on the secondaries market.
BPEP acquires 48% of ADELTE Group and EFS
Baring Private Equity Partners (BPEP) has acquired a 48% stake in Spain’s ADELTE Group and Equipo Facility Services (EFS) for an estimated €9m.
Southern Europe unquote” out now
The latest digital edition of Southern Europe unquote” is out now, featuring all the latest analysis, deals and exits in the region.
Southern Europe unquote” October 2011
Pass the parcel deals are nothing new in private equity. Indeed, on a perennial basis, rafts of secondary buyouts make the headlines.