Southern Europe
ACG acquires Gimar fund of funds
ACG Private Equity has acquired Gimar Capital Investissement, a fund of funds management company, from Gimar Finance.
Ysios et al. invest €18m in Cellerix
Existing investors have invested a further €18m in Spanish biopharma Cellerix, prior to its merger with Belgium-based TiGenix.
BC Partners raises €4bn for its ninth fund
BC Partners has raised €4bn at the first close of its ninth buyout, according to reports.
Corpfin sells Restauravia to AmRest
Corpfin Capital has sold its 76.3% stake in Spanish restaurant chain Restauravia Grupo Empresarial to Polish restaurant operator AmRest Holding.
AC Desarrollo-backed Geroresidencias-La Saleta acquires Secopsaleta
Geroresidencias-La Saleta, a portfolio company of AC Desarrollo, has acquired 100% of Secopsaleta, the business it co-founded in 2009.
Invercaria invests in IActive
Invercaria has invested €750,000 as part of a €3m funding round for Spanish technology company IActive.
CalPERS appoints CRO
The California Public Employees' Retirement System (CalPERS) has appointed Larry Jensen as chief risk officer, a new position.
General Atlantic-backed Privalia acquires Palamon’s Dress for Less
General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners have injected €88m of new equity into Spanish private online sales club Privalia.
Challenges in Fund Raising - Implementing Successful Strategies
The myriad fund launches expected for this year will need to demonstrate cohesion, distinction, LP-friendly terms and structures in line with new regulations.
ICG Iberia hires mezzanine head
Intermediate Capital Group (ICG) has appointed Daniel Aymerich as head of mezzanine in Iberia.
Consortium sells LAB901
Archangel Informal Investment, Alliance Trust, Scottish Enterprise, Foresight, Noble Fund Managers and the Business Growth Fund have exited their stake in LAB901.
Financial modelling: Looking into the future
Banks have become more selective in providing debt financing following the worst financial crisis in living memory. Being able to predict what the future holds has therefore become more important and a high quality forecast model can improve confidence...
Private equity moves in on Giochi Preziosi
Axa Private Equity, Cinven and Charterhouse Capital Partners are among the big names in private equity who have expressed interest in buying Italian toymaker Giochi Preziosi.
Cantabria Capital invests in Softec-Internet
Cantabria Capital has invested in Softec-Internet, a Spanish firm which develops Cloud and Software as a Service (SaaS) technology solutions.
Southern Europe unquote” out now
The latest edition of Southern Europe unquote” looks at the difficult landscape ahead of fundraisers amid growing competition in the market.
Southern Europe unquote" March 2011
The founding partner and chairman of Gala Capital has abandoned plans to jump ship to JP Morgan after investors learned of his leaving plans in the Spanish press.
Andalusian private equity firms to merge
The governing body of Andalusia, the Junta de Andalucía, has announced plans for its investment vehicle Invercaria to merge with the other private equity firms in the region.
Ibersuizas cedes two funds to Portobello
Ibersuizas has finalised the transfer of two of its funds to Portobello Capital, a rival fund manager created by four of the Spanish private equity firm’s former partners.
Idea Capital invests £7.5m in Telit Communications
Idea Capital has invested £7.5m in listed Italian telecoms business Telit Communications, as part of a wider £19m capital increase for the company.
AXA acquires 10% of CLH Group
AXA Private Equity has acquired a 10% stake in Spain’s Compañia Logistica de Hidrocarburos, in a deal that values the oil storage and transportation firm at €3.6bn.
Vector Capital backs Efectivox
Vector Capital has participated in the €4.5m capital increase carried out by its Spanish portfolio company, Efectivox.
Inveready invests €1m in Spanish media firm
Inveready has invested more than €1m in Adman Interactive, leading the first round of investment into the Catalan start-up.
Oaktree considers Nueva Rumasa investment
Turnaround fund Oaktree Capital is in negotiations with Spain’s Ruiz-Mateos family about a possible investment in food group Nueva Rumasa.
Riva y García backs steel manufacturer
Spanish private equity firm Riva y García has backed the creation of Madrid-based steel manufacturing business Bloqmarine International.